NEW YORK, Feb. 14, 2019 /PRNewswire/ -- Moore Kuehn, PLLC
is investigating whether certain officers and directors of
Arlo Technologies, Inc. (NYSE: ARLO) breached their fiduciary
duties to shareholders. According to a federal securities
lawsuit, Arlo Technologies insiders caused the company in its
Registration Statement to make false and/or misleading statements
and/or failed to disclose that: (1) there was a quality issue with
Arlo's newly designed battery for its Ultra camera systems; (2)
this quality issue with the Ultra battery could result in a
shipping delay of Arlo's Ultra product; (3) such a shipping delay
endangered Arlo's chances of launching the Ultra product in time
for the crucial holiday season; (4) such a shipping delay would
allow Arlo's competitors to capitalize on the Ultra product's
missed launch, thereby increasing their own market share; (5)
Arlo's consumers had been experiencing battery drain issues and
other battery-related issues in connection with recent firmware
updates; (6) because of the foregoing, Arlo's fourth quarter 2018
results and consumer base would be negatively impacted; and (7) as
a result, Arlo's Registration Statement was materially false and
misleading at all relevant times.
Moore Kuehn encourages shareholders of Arlo Technologies to
contact Justin Kuehn, Esq. by email
at jkuehn@moorekuehn.com or telephone at (212) 709-8245.
There is no cost or obligation to you.
Moore Kuehn is a New York-based
law firm with attorneys representing investors and consumers in
litigation involving securities law violations, financial fraud,
breaches of fiduciary duties, and other claims. For
additional information about Moore Kuehn, please go to
www.moorekuehn.com. Attorney advertising. Prior results do
not guarantee similar outcomes.
Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
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