Core Viewpoint - Aviat Networks, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following its announcement of delays in filing its Annual Report on Form 10-K, which has led to a significant drop in its stock price [1][2]. Group 1: Company Announcement - On September 11, 2024, Aviat announced it could not file its Annual Report on Form 10-K for the fiscal year ended June 28, 2024, by the due date due to the need for additional time to finalize its assessment of internal control over financial reporting [2]. - The company is working diligently to complete the necessary processes and expects to file the Form 10-K within the fifteen calendar day extension period [2]. Group 2: Stockholder Impact - Following the announcement regarding the filing delay, Aviat's stock price dropped more than 18.2% during morning trading the next day [2]. - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Aviat stockholders who may have suffered losses due to these developments [1][3].
AVIAT ALERT: Bragar Eagel & Squire, P.C. is Investigating Aviat Networks, Inc. on Behalf of Aviat Stockholders and Encourages Investors to Contact the Firm