Ademi & O’Reilly, LLP is investigating possible securities fraud claims against Plantronics (NYSE: PLT) resulting from inaccurate statements Plantronics made regarding its business practices, financial statements and prospects.
The investigation focuses on whether Plantronics issued false and misleading statements regarding its business practices and prospects. Specifically, Plantronics’ integration of Polycom was facing significant problems and resulting in an artificial inflation of channel inventory. These integration issues would result in the termination of Plantronics’ Executive Vice President, Global Sales and a $65 million reduction in channel inventory.