RADNOR, PA / ACCESSWIRE / May 11, 2018 / Kaskela Law LLC is investigating Symantec Corp. (NASDAQ: SYMC) ('Symantec' or the "Company") on behalf of the Company's shareholders.
Symantec investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585 or (888) 715 - 1740, or via www.kaskelalaw.com/case/symantec, to discuss this investigation and their legal rights.
On May 10, 2018, Symantec disclosed that the 'Audit Committee of the Board of Directors has commenced an internal investigation in connection with concerns raised by a former employee,' and that the Company 'has voluntarily contacted the Securities and Exchange Commission to advise it that an internal investigation is underway, and the Audit Committee intends to provide additional information to the SEC as the investigation proceeds. Additionally, Symantec disclosed that '[t]he Company's financial results and guidance may be subject to change based on the outcome of the Audit Committee investigation,' and that it was 'unlikely that the investigation will be completed in time for the Company to file its annual report on Form 10-K for the fiscal year ended March 30, 2018 in a timely manner.'
Following this news, shares of the Company's stock declined by $9.66 per share, or over 33%, to close on May 11, 2018 at $19.52, on heavy trading volume.
Symantec investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585 or (888) 715 - 1740, or via www.kaskelalaw.com/case/symantec, to discuss this investigation and their legal rights. Kaskela Law LLC exclusively prosecutes shareholder actions in state and federal courts throughout the country on behalf of investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
This notice may constitute Attorney Advertising in certain jurisdictions.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258 - 1585
(888) 715 - 1740
www.kaskelalaw.com
SOURCE:Kaskela Law LLC
