Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
NCR.US
id: 294
On September 15, 2022, NRC Corp. announced that it isn't selling itself but instead splitting into two separate companies - an ATM business and digital commerce.
On this news, the price of NCR stocks declined more than 20% and the Company lost over $800 million of its capitalization, seriously damaging investors on September 16, 2022.

Back in February, the Company stated that it was reviewing its financial options, including a total sale.
Meanwhile, now executives also said that they still may consider an offer from private investment funds to purchase NCR, either in whole or in part.

Taking the history of public assurances of the NCR's management and the dubiousness of the sequence of actions into account, there are grounds for questions about the quality of management, timeliness of disclosure, and the fulfillment of fiduciary duties to shareholders.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
15 September 2022
Collecting participants…

NCR Corp

NCR Corporation provides various software and services in the United States, Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Retail, Hospitality, Digit...

    Ticker
    NCR.US
    ISIN
    US62886E1082
    CIK
    70866
    Sector
    Technology
    Industry
    Information Technology Services
    Country
    USA
    Address
    864 Spring Street Northwest, Atlanta, GA, United States, 30308