NEW ORLEANS, Aug. 18, 2017 /PRNewswire/ -- ClaimsFiler, a
FREE shareholder information service, reminds investors that they
have until September 19, 2017
to file lead plaintiff applications in a securities class action
lawsuit against Lexmark International, Inc. (NYSE: LXK), if they
purchased the Company's securities between August 1, 2014 and July
20, 2015, inclusive (the "Class Period"). This action
is pending in the United States District Court for the Southern
District of New York.
Get Help
Lexmark investors should visit us at
https://www.claimsfiler.com/cases/view-lexmark-international-inc-securities-litigation
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Lexmark and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) there were significant
declines in demand and growth for the Company's supplies business;
(ii) supplies revenue growth was not caused primarily by demand,
but by advance buying ahead of scheduled price increases; (iii)
this buying practice resulted in excessive inventory levels at its
wholesale distributors; and (iv) as a result of the foregoing,
Lexmark's financial statements were materially false and misleading
at all relevant times.
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. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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