Recent Securities Litigations
Symantec Corporation (NASDAQ: SYMC)
According to the Complaint, Symantec Corporation ("Symantec" or the "Company") provides cybersecurity solutions worldwide.
On May 17, 2018, Plaintiff's law firm filed a press release announcing the lawsuit. The lawsuit alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Symantec's internal controls over financial reporting were materially weak and deficient; (2) Symantec's later disclosed "reporting of certain Non-GAAP measures including those that could impact executive compensation programs" would lead to heightened regulatory scrutiny by the Securities and Exchange Commission ("SEC"); and (3) as a result, Symantec's public statements were materially false and misleading at all relevant times.