NEW
YORK, May 17, 2024 /PRNewswire/ -- Moore
Law, PLLC, a securities and shareholder law firm located on Wall
Street, is investigating potential claims against:
- Mercury Systems Inc. ("MRCY" or the "Company") (NYSE:
MRCY)
Shareholders who purchased before February 3, 2021 should email:
Fletcher@fmoorelaw.com
The investigation concerns false and/or misleading statements
and/or failure to disclose that: (i) Mercury Systems' serial
acquirer strategy was not working and Mercury Systems was using
improper revenue recognition practices such as changing to
long-term contracts to mask deteriorating organic growth; (ii)
Mercury Systems' acquisition of Physical Optics Corporation ("POC")
caused POC to lose its small business accreditation, which
prevented POC from winning contracts that made up a large portion
of its historical business; (iii) Mercury Systems had at least
twenty programs that were suffering and not performing well; and
(iv) Mercury Systems' initiative to increase margins was not
working and was in fact cutting into margins.
Glasshouse Research published an article advising that "Mercury
Systems is a serial acquirer that uses acquisitions to mask
suspect revenues and earnings. As the core business
continues to decay, management's recent premature revenue
recognition and transition to long-term contracts have
backfired as milestone delays and outsized
contract assets are material headwinds for the company
moving forward."
Over the last year, Mercury Systems Inc. stock is down 24.81%
from $41.79 to $31.42.
Whistleblowers: If you have information that could be
relevant to the investigation, you may be entitled to substantial
compensation. Under the new SEC Whistleblower program,
whistleblowers who provide original information may receive rewards
totaling up to 30 percent of any successful recovery made by the
SEC.
ABOUT MOORE LAW PLLC
Moore Law is a NYC litigation law firm for investors. We hold
officers and directors accountable for breaches of fiduciary
duty, fraud, insider trading, wasteful spending,
and other corporate malfeasance. We strengthen corporate reforms to
protect your investments.
Fletcher Moore, Esq.
Moore Law, PLLC
fletcher@fmoorelaw.com
(212) 709-8245
www.fmoorelaw.com
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