Avaya Holdings Corp.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Avaya Holdings Corp. (NYSE: AVYA) (OTC: AVYAW) resulting from allegations that Avaya may have issued materially misleading business information to the investing public.

If you purchased Avaya securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Avaya securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On August 9, 2022, The Wall Street Journal published an article entitled “Avaya Taps Legal, Financial Advisers to Look at Debt Options” and also published another article entitled “Avaya’s Collapsing Debt Deal Hits Clients of Goldman, JPMorgan”. The articles highlighted issues at Avaya Holdings, including how the company had cut its earnings forecast by more than 60% just weeks after borrowing $600 million from institutional investors through deals arranged by Goldman Sachs and JP Morgan Chase. The articles also reported that Avaya provided no explanation for the dramatic earnings miss, indicated it would also miss revenue targets, and was removing its CEO. The articles further reported that the Company’s audit committee opened an internal investigation regarding the most recent quarter and is also investigating a whistleblower letter.

On this news, Avaya’s stock price fell 45%, to close at $0.61 per share on August 9, 2022, on unusually heavy trading volume.

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Company Name: Avaya Holdings Corp.
Stock Symbol: AVYA
Class Period: N/A
Court: N/A

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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