Lawsuit alleges Lexmark misled investors and cost shareholders millions

Art PostAdmin VIP

Lexmark “made false and misleading statements” about demand, inventory and growth prospects for its supplies business in 2014-15 that cost shareholders more than half a billion dollars, according to a class-action lawsuit filed July 20 in United States District Court for the southern district of New York.

The suit was filed by the Oklahoma Firefighters Pension and Retirement System. Various law firms are making online pitches to former Lexmark investors to join the lawsuit.

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7/27/1710:43 PM

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