According to the lawsuits, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- Amdocs overstated its profits, cash, and liquidity, while understating its debt;
- Amdocs concealed its large borrowing;
- While Amdocs’ reported results showed that its North American business was stable, that business was actually deteriorating annually, in part because Amdocs was losing AT&T as a customer; and
- As a result, defendants’ public statements were materially false and misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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