An ex employee here who opted for employee shares (foolishly didn’t sell Dec of 2021 as JC said Avaya is back in action while selling his own shares). Is anyone here part of the lawsuit on the share price fraud(no other word for it)? Any feedback to share? I have read that there are a few firms pursuing lawsuits including Portnoy.
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SEC is in the thick of an investigation. The problem is the SEC is also corrupt and is all-in on crypto cases. Avaya is a bit boring and less headline grabbing. (See link). SEC official statement is they can't share any details to avoid influencing the ongoing "Law Enforcement" activities.
That unto itself is hopeful, HOWEVER
The fact of the matter is the Board Members (who allowed the scam and didn't intervene) and the complicit Execs all have *Avaya paid securities attorneys who are negotiating hand slaps
- The fact at Shah is still collecting a paycheck when her job was to poice wrong doing is baffling, if it were not so typical of her. She is clearly negotiating with the SEC as she serves as Chief Whistleblower. She is an operative who always looks out for #1--
How come JC, SS and FC are not getting in trouble for what happened at Avaya?
Lead Plaintiff Firm identified 👇To contact Robbins Geller Rudman & Dowd LLP please call (800) 449-4900,
"According to court filings, law firm Robbins Geller Rudman & Dowd clients have the most losses of plaintiffs by at least two and half times over other plaintiff groups. Their clients included high net worth and intuitional investors like the pension fund of the city of Pittsburgh with total losses of $1.19 million. "
https://www.businesswire.com/news/home/20230214005890/en/EXTENDED-CLASS-PERIOD-Robbins-Geller-Rudman-Dowd-LLP-Files-Class-Action-Against-Avaya-Holdings-Corp.-and-Announces-Opportunity-for-Investors-with-Substantial-Losses-to-Lead-Case---AVYA
Have a look at the old HR emails that were sent on ESPP. There's clear issue in these .....