Mercury Systems, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Mercury Systems, Inc. (NASDAQ: MRCY) between December 7, 2020 and June 23, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 12, 2024.

If you purchased Mercury common stock during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:December 7, 2020 through June 23, 2023
If you purchased Mercury common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the complaint, defendants made false and/or misleading statements and/or failed to disclose that:

  • Mercury’s serial acquiror strategy was not working and Mercury was using improper revenue recognition practices such as changing to long-term contracts to mask deteriorating organic growth;
  • the acquisition would cause Physical Optics Corporation (“POC”) to lose its small business accreditation, which would prevent POC from winning contracts that made up a large portion of its historical business;
  • Mercury had at least twenty programs that were suffering and not performing well;
  • Mercury’s 1MPACT strategic growth initiative to increase margins was not working and was in fact cutting into margins; and
  • as result, Mercury’s statements about its financial performance and its ability to meet its lofty projections were based on false assumptions.

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.

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

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Company Name: Mercury Systems, Inc.
Stock Symbol: MRCY
Class Period: December 7, 2020 through June 23, 2023
Court: United States District Court for the District of Massachusetts

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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.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

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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