Choose your preferred way to stay informed of new case launches and settlement deadlines
The filed complaint alleges that Agilysys, Inc. made materially false and/or misleading statements and/or failed to disclose that: On January 21, 2025, after the market closed, Agilysys issued a press release announcing third quarter revenue below expectations and the company’s own guidance, resulting in a significant revision to Agilysys’ FY25 revenue guidance. CEO Srinivasan admitted they “underestimated the sales challenges on the point-of-sale POS side of the equation,” that the year “could have been a lot better,” and that they “could have also done a lot better with the speed of hiring for the implementation services teams.” Following this news, on January 22, 2024, Agilysys’ stock price fell by $25.23 per share to close at $100.67 per share.
In order to be eligible to join the AGYS class action lawsuit, you must have incurred a loss on shares of Agilysys, Inc. purchased during the class period listed above.
TOP
