SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Micro Focus International plc (MFGP)

NEW YORK, May 22, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Micro Focus International plc ("Micro Focus" or the "Company") (NYSE: MFGP). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/mfgp.

The investigation concerns whether Micro Focus and certain of its officers and/or directors have violated Federal Securities Laws.

On March 19, 2018, Micro Focus announced that: (1) its Chief Executive Officer had resigned, effective immediately; (2) "the rate of year-on-year revenue decline has been greater than anticipated" since its January 8, 2018 interim results; and (3) accordingly, the company was "issuing revised constant currency revenue guidance for the twelve months ending 31 October 2018 of minus 6% to minus 9% compared to the pro forma 12 months ending 31 October 2017. This updates revenue guidance of minus 2% to minus 4% provided at the interim results on 8 January 2018." Following this news, Micro Focus's share price fell $12.20, or 46.55%, to close at $14.01 on March 19, 2018.

If you are aware of any facts relating to this investigation, or purchased Micro Focus shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/mfgp. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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