NEW ORLEANS, March 8, 2019 /PRNewswire/ -- 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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SOURCE ClaimsFiler