Gilman Law LLP is Investigating Polycom, Inc. on Behalf of Purchasers of Polycom, Inc. Stock
About the Polycom, Inc. Investigation
The Investment Fraud Attorneys of Gilman Law LLP announce they are investigating potential federal securities law claims on behalf of investors in Polycom, Inc. (NASDAQ: PLCM) common stock.
Polycom, Inc. Details of Investigation
The Securities and Exchange Commission (“SEC”) recently charged Polycom CEO Andrew Miller with using nearly $200,000 in corporate funds for personal perks that were not disclosed to investors, including travel to luxury resorts with his girlfriend. Specifically, the SEC alleges that Miller engaged in a long-running scheme to surreptitiously use Polycom funds to pay for his personal expenses, including lavish meals, foreign and domestic travel, clothing, gifts and entertainment for himself, and his relatives and friends. The SEC also alleges that from approximately 2010 until his resignation as CEO on July 19, 2013, Miller falsified, and caused others to falsify, business records in order to hide his scheme. The SEC also alleges that Polycom repeatedly made misleading public statements to investors concerning such perquisites.
On July 23, 2013, Polycom announced that Miller had resigned and that the Company had found irregularities in Miller’s expense submissions, for which Miller had accepted responsibility.
Legal Help for Polycom, Inc. Investors
If you purchased or otherwise acquired shares of Polycom, Inc., you may have legal claims under federal securities laws. You may contact Gilman Law LLP to discuss your rights to recovery of your losses or to obtain additional information.
About Our Investment Fraud Attorneys
The Securities Fraud Attorneys at Gilman Law have over 35 years of experience in securities litigation. Our Investment Fraud Attorneys focus on cases involving securities litigation, securities fraud, mergers and acquisitions, breach of fiduciary duty and other shareholder disputes.
For a free evaluation of your case or to obtain additional information, please CALL TOLL FREE (888) 252-0048.