NEW YORK, Feb. 24, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits can be filed on behalf of Avaya Holdings Corp. shareholders. AVYAAVYAWBioLineRx Ltd. BLRXEnovix Corporation ENVXand Southwest Airlines Co. LUV. Shareholders have until the deadlines below to petition the court to be lead plaintiff. For more information on each case, see the link provided.

Avaya Holdings Corp. AVYAAVYAW

Class Period: October 3, 2019 – November 29, 2022

Lead Plaintiff Deadline: March 6, 2023

Avaya claims to be a “leading global provider of digital communications products, solutions and services to businesses of all sizes, offering its technology primarily through software and services”. The company claims that its “global, experienced team of professionals delivers award-winning services from initial planning and design, through seamless implementation and integration, to ongoing managed operations, optimization, training and support.”

Throughout the class period, the defendants made materially false and misleading statements about the Company’s business, operations and prospects. In particular, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s internal control over financial reporting (“ICFR”) was deficient in a number of areas; (ii) as a result of these deficiencies, the Company had failed to develop and maintain effective controls over its whistleblower policy and ethics and compliance program; (iii) the company’s deteriorating financial condition would be likely to cast significant doubt on its ability to continue as a going concern; and (iv) as a result, the Company’s public statements were, at all relevant times, materially false and misleading.

On July 28, 2022, Avaya announced the termination of its Chief Executive Officer James M. Chirico, Jr. (“Chirico”). The company also announced preliminary Q3 2022…