DENVER— Franklin D. Azar & Associates, P.C., has been appointed as co-Lead Counsel in a federal securities class action lawsuit filed against the global electronics giant Flex, Ltd., and two of its senior executives. The suit seeks to recover losses suffered by Flex investors after, the complaint alleges, Flex and its senior executives made material misstatements and omissions concerning the company’s internal controls over financial reporting.
FDAzar and the Boston-based Thornton Law Firm are litigating the case as co-Lead Counsel on behalf of the Lead Plaintiff, the Bristol County Retirement System, and other Flex shareholders who comprise the putative class members. The case is Kipling v. Flex Ltd., et al., No. 5:18-cv-02706, filed in the Northern District of California.
The FDAzar class action group is headed by our class action lawyer Ivy Ngo, who has been key in the successful prosecution of securities fraud cases resulting in hundreds of millions of dollars in recoveries for injured investors, including In re Cardinal Health, Inc. Sec. Litig. ($600 million recovery); Jones v. Pfizer Inc. ($400 million recovery); Fort Worth Employees’ Retirement Fund v. J.P. Morgan Chase & Co., et al. ($388 million); and Silverman v. Motorola Inc. ($200 million).
With offices in Denver, Colorado Springs, Pueblo, and Trinidad, FDAzar is one of the leading plaintiffs’ law firms in Colorado. For more than thirty years, attorneys at FDAzar have championed the rights of individuals who have suffered damages at the hands of large corporations. For more information about the Flex securities litigation, please contact Ivy Ngo at (800) 716-9032.