The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Resideo Technologies, Inc. In...
December 23 2019 - 8:49PM
Business Wire
The Law Offices of Frank R. Cruz (“FRC”) announces that a class
action lawsuit has been filed on behalf of Resideo Technologies,
Inc. (“Resideo” or the “Company”) (NYSE: REZI) securities between
October 10, 2018 and October 22, 2019, inclusive (the “Class
Period”). Resideo investors have until January 7, 2020 to
file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here to
participate.
On October 22, 2019, after the market closed, Resideo lowered
its fiscal 2019 revenue guidance by $80 million and disclosed that
it would be doing a full financial and operational review of the
business. The same day, Resideo announced that its Chief Financial
Officer, Joseph D. Ragan III, would be leaving the Company on
November 6, 2019.
On this news, Resideo's stock price fell $5.73 per share, or
over 37%, to close at $9.50 per share on October 23, 2019, thereby
injuring investors.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Resideo securities during the Class Period, you
may move the Court no later than January 7, 2020 to ask the
Court to appoint you as lead plaintiff. To be a member of the Class
you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the
Class. If you purchased Resideo securities, have information or
would like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of FRC,
1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067
at 310-914-5007, by email to fcruz@frankcruzlaw.com, or visit our
website at www.frankcruzlaw.com. If you inquire by email please
include your mailing address, telephone number, and number of
shares purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20191223005619/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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