NEW ORLEANS, Aug. 04, 2017 (GLOBE NEWSWIRE) -- 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.
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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.
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