Mercury Systems, Inc. Class Action Lawsuit - MRCY

The filed complaint alleges that Mercury Systems, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Mercury Systems’ serial acquirer strategy was not working and Mercury Systems was using improper revenue recognition practices such as changing to long-term contracts to mask deteriorating organic growth; (ii) Mercury Systems’ acquisition of Physical Optics Corporation (“POC”) caused POC to lose its small business accreditation, which prevented POC from winning contracts that made up a large portion of its historical business; (iii) Mercury Systems had at least twenty programs that were suffering and not performing well; and (iv) Mercury Systems’ initiative to increase margins was not working and was in fact cutting into margins.

In order to be eligible to join the MRCY class action lawsuit, you must have incurred a loss on shares of Mercury Systems purchased during the class period listed above.

If you suffered a loss in Mercury Systems during the relevant time frame, you have until February 12, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.