Polycom, Inc. Securities Litigation (Nasdaq: PLCM)
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Polycom, Inc - PLCM
BALA CYNWYD, September 3, 2013 /PRNewswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors and the former President and CEO of Polycom, Inc. (“Polycom” or the “Company”) (Nasdaq- PLCM -News).
On July 23, 2013 Polycom issued a press release announcing the resignation of the Company’s President and CEO. According to Polycom, on July 17, 2003 the Audit Committee completed a review of certain expense submissions and found certain irregularities in these submissions. Following this news, on July 24, 2013 the price of Polycom shares fell 15% to $9.49 with a volume of more than 14 million shares traded.
The investigation seeks to determine if Polycom’s Board of Directors breached their fiduciary duties due to the Company’s lack of internal controls that allowed for the irregular expense submissions. In addition, the investigation seeks to determine if any monies are owned to the Company from Polycom’s former President and CEO.
If you own shares of Polycom common stock or purchased shares of Polycom common stock between July 24, 2012 and July 23, 2013 and wish to discuss the investigation or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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Evan J. Smith, Esquire
Brodsky & Smith, LLC
Two Bala Plaza, Suite 510
Bala Cynwyd, PA 19004
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