NEW YORK, Feb. 3, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Avaya Holdings Corp. (NYSE: AVYA).

To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/avaya-holdings-corp-loss-submission-form/?id=36170&from=4

The lawsuit seeks to recover losses for shareholders who purchased Avaya between November 22, 2021 and November 29, 2022.

Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until March 6, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Avaya Holdings Corp. issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company's internal control over financial reporting was deficient in several areas; (ii) as a result of these deficiencies, the Company had failed to design and maintain effective controls over its whistleblower policies and its ethics and compliance program; (iii) the Company's deteriorating financial condition was likely to raise substantial doubt as to its ability to continue as a going concern; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

Cision View original content:https://www.prnewswire.com/news-releases/avya-shareholder-alert-jakubowitz-law-reminds-avaya-shareholders-of-a-lead-plaintiff-deadline-of-march-6-2023-301738003.html

SOURCE Jakubowitz Law

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