Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Polycom, Inc.

Sat Aug 3, 2013 12:45am EDT

* Reuters is not responsible for the content in this press release.

Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Polycom, Inc.

Glancy Binkow & Goldberg LLP announces that all purchasers of the securities of Polycom, Inc. (“Polycom” or the “Company”) (NASDAQ:PLCM) between July 24, 2012 and July 23, 2013, inclusive (the “Class Period’), have until September 24, 2013 to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Northern District of California.

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US AT (212) 682-5340, TOLL-FREE AT (888) 773-9224, OR AT SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER OR IF YOU PURCHASED POLYCOM SECURITIES PRIOR TO THE CLASS PERIOD. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

Polycom provides standards-based unified communications and collaboration, including video, voice and content-management and content-sharing solutions, mobile device applications, browser-based video collaboration and cloud-delivered services. On July 23, 2013 Polycom issued a press release announcing the resignation of the Company’s President and Chief Executive Officer, Andrew Miller. According to the Company, on July 17, 2013 the Audit Committee of the Board of Directors completed “a review of certain of Mr. Miller’s expense submissions” and found “certain irregularities in these submissions.”

Following this news, on July 24, 2013 the price of Polycom shares fell $1.69, or more than 15%, to $9.49 per share, on volume of more than 14 million shares traded.

If you are a member of the Class described above you may move the Court no later than September 24, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.

To learn more about this action or if you purchased Polycom securities prior to the Class Period and have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(888) 773-9224
or
Glancy Binkow & Goldberg LLP, New York, NY
Gregory Linkh
(212) 682-5340
shareholders@glancylaw.com
www.glancylaw.com

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.