SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of PLT, IRBT and ZEN of Upcoming Deadlines

11/21, 5:30 AM (Source: GlobeNewswire)

WILMINGTON, Del., Nov. 20, 2019 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. reminds investors of upcoming deadlines involving securities fraud class action lawsuits commenced against the following companies:

Plantronics, Inc. (NYSE: PLT)

Class Period: July 2, 2018 – November 5, 2019
Lead Plaintiff Deadline: January 13, 2020

According to the Complaint, on November 5, 2019, the Company disclosed a $65 million reduction in channel inventory “by reducing sales to channel partners” and slashed its fiscal 2020 guidance, expecting revenue between $1.72 billion and $1.81 billion and adjusted EBITDA between $282 million and $323 million.  Plantronics also reported that its Executive Vice President of Global Sales was leaving the Company.

To learn more, visit: https://www.rigrodskylong.com/cases-plantronics-inc

iRobot Corporation (NASDAQ GS: IRBT)

Class Period: November 22, 2016 – October 21, 2019
Lead Plaintiff Deadline: December 23, 2019

According to the Complaint, on October 22, 2019, after the close of trading, iRobot issued a press release reporting third quarter 2019 financial results.  iRobot cut the high end of its revenue expectations for the year, from $1.25 billion to $1.21 billion, and said it rolled back price increases after a “suboptimal” customer response.  iRobot reported increased inventory levels once again, with third quarter 2019 ending inventory of $248 million or 149 DII compared to the $161 million or 113 DII a year prior.

To learn more, visit: https://www.rigrodskylong.com/cases-irobot-corporation

Zendesk, Inc. (NYSE: ZEN)

Class Period: February 6, 2019 – October 1, 2019
Lead Plaintiff Deadline: December 23, 2019

According to the Complaint, prior to September 24, 2019, a third party alerted Zendesk to the fact that the personally identifiable data of its chat and support accounts had been breached.  By September 24, 2019, the Company’s internal investigation had revealed that some 10,000 accounts opened before November 2016 had been breached.  On October 2, 2019, Zendesk for the first time publicly disclosed the data breach, stating that the data breach only affected customers who had signed up prior to November 1, 2016.

To learn more, visit: https://www.rigrodskylong.com/cases-zendesk-inc

If you would like to discuss any of these lawsuits and your rights cost and obligation free, please contact Seth D. Rigrodsky or Timothy J. MacFall toll-free at (888) 969-4242,  by e-mail at info@rl-legal.com, or at http://rigrodskylong.com/contact-us/.

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT: 

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Timothy J. MacFall
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

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