SHAREHOLDER ALERT: Robbins LLP is investigating Clarivate Plc (CLVT) on behalf of shareholders
SAN DIEGO – (COMMERCIAL THREAD) – Shareholder rights law firm Robbins LLP is investigating Clarivate Plc (NYSE: CLVT) to determine whether certain officers and directors of Clarivate have violated securities laws and their fiduciary duties to shareholders. Clarivate, an information and analytics services company, provides structured insights and analytics for the discovery, protection and commercialization of scientific research, innovations and brands.
If you would like more information about our investigation into the misconduct of Clarivate Plc., Click here.
Clarivate Plc (CLVT) made financial anomalies
On December 27, 2021, Clarivate disclosed in a document filed with the United States Securities and Exchange Commission that â[o]n December 22, 2021, Clarivate … concluded that the financial statements previously published as at December 31, 2020 and for the year ended December 31, 2020, and the quarterly periods ended March 31, 2021, June 30, 2021 and September 30, 2021, should no longer be relied on due to an error in these financial statements[.]”Specifically, Clarivate reported that”[t]The error concerns the treatment under United States generally accepted accounting principles (“GAAP”) concerning an action plan included in the business combination of CPA Global, which was completed on October 1, 2020 (“the global CPA operation â). In the relevant financial statements, certain allocations made by CPA Global as part of its action plan were incorrectly included in the recognition of the acquisition for the CPA Global transaction. Following this news, the Clarivate share price fell $ 1.70 per share, or 6.92%, to close at $ 22.78 per share on December 28, 2021.
The shareholders of Clarivate Plc (CLVT) have legal options. If you own shares of Clarivate Plc, contact us for more information on your rights.
Any representation is on the basis of contingency fees. Shareholders pay no fees or expenses.
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About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP are dedicated to helping shareholders recover their losses, improve corporate governance structures, and hold top executives. company responsible for their wrongdoing since 2002. To be notified of a class action lawsuit against Clarivate Plc rule or to receive free alerts when company executives commit wrongdoing, join Stock Watch today.
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