ARLO SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class A...
23 February 2019 - 2:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until March 25, 2019 to file lead
plaintiff applications in a securities class action lawsuit against
Arlo Technologies, Inc. (NYSE: ARLO), if they purchased the
Company’s shares issued in connection with its August 3, 2018
initial public offering (“IPO”). This action is pending in the
United States District Court for the Northern District of
California.
Get Help
Arlo investors should visit us at
https://www.claimsfiler.com/cases/view-arlo-technologies-inc-securities-litigation
or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti,
LLC are available to discuss your legal options.
About the Lawsuit
Arlo and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On December 3, 2018, the Company disclosed that shipments of
Arlo Ultra, its recently-announced flagship security camera system,
were delayed due to “a quality issue with the battery from one of
its suppliers” discovered during the final testing phase, and that
as a result it lowered its Q4 2018 financial guidance.
On this news, the price of Arlo’s shares plummeted 42% from its
IPO price.
The case is Wong v. Arlo Technologies, Inc. et al,
19-cv-00372.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. At
ClaimsFiler.com, investors can: (1) register for free to gain
access to information and settlement websites for various
securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be
notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick
& Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190222005504/en/
ClaimsFilerLewis Kahn,
844-367-9658https://www.claimsfiler.com
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