NEW YORK, May 16, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds all purchasers of the securities of The ADT Corporation (NYSE:ADT) between November 27, 2012 and January 29, 2014 (the "Class Period") of the important June 27, 2014 lead plaintiff deadline.
To join the ADT class action, go to the website at http://rosenlegal.com or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants issued false and misleading statements concerning its current financial condition and future business prospects for fiscal years 2013 and 2014. In truth, ADT was experiencing reduced demand outside of its ADT Pulse brand, accelerating churn rate and attrition, and increased advertising and service costs, which all adversely impacted its recurring revenue, margins, and earnings. The lawsuit claims that when these true facts became known, the value of the Company's stock dropped, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 27, 2014. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm focuses on prosecuting securities class action litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the globe.