NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Aviat Networks, Inc. (“Aviat” or the “Company”) (NASDAQ: AVNW). The investigation concerns whether Aviat and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
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On September 11, 2024, Aviat disclosed that it would be unable to timely file its Annual Report for fiscal year 2024 as the Company “requires additional time to finalize its assessment of internal control over financial reporting.” The Company further disclosed that management had identified “certain errors impacting previously reported financial information for the fiscal years 2024 and 2023” and as well as “certain material weaknesses in its preliminary assessment of internal control over financial reporting for the fiscal year ended June 28, 2024.” On this news, the price of Aviat shares declined by $3.37 per share from $24.36 per share on September 11, 2024, to close at $20.99 on September 12, 2024.
If you purchased or otherwise acquired Aviat securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
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