1. Blair Pleasant, COMMfusion
Avaya bondholders are suing the company, claiming “massive fraud.” The plaintiffs say they lost more than $125 million because the company’s board misled investors.
Filed Feb. 1 in New York State Supreme Court, the lawsuit’s plaintiffs include Angelo Gordon & Co., Canyon Partners and Mariner Investment Group.
Blair Pleasant is president and principal analyst at COMMfusion. The lawsuit against Avaya did not surprise her. For some time, investors have been voicing their grievances on social media.
“I know from investor comments on Twitter that they’re very, very angry, and they feel that the company is being dishonest,” she said.
Read more here about what factors are driving the lawsuit.
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