SYMANTEC CORP. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Symantec Corp.

Lead Plaintiff Deadline is July 16, 2018

NEW YORK, May 23, 2018 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP  announces that a federal class action securities lawsuit has been filed in the United States District Court for the Northern District of California on behalf of purchasers of the securities of Symantec Corp. (NASDAQ:SYMC) (“Symantec” or the “Company”) between May 20, 2017 and May 10, 2018, inclusive (the “Class Period”).

Investors who have incurred losses in shares of Symantec Corp. are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If you have incurred losses in the shares of Symantec Corp. and would like to assist with the litigation process as a lead plaintiff, you may, no later than July 16, 2018, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Symantec Corp.

The filed complaint alleges that Symantec and certain of its senior executive officers made false and misleading statements, and failed to disclose to investors that:

• Symantec’s internal controls over financial reporting were materially weak and deficient;
   
• Symantec’s later disclosed “reporting of certain Non-GAAP measures including those that could impact executive compensation programs” would lead to heightened regulatory scrutiny by the SEC, and;
   
• as a result, Symantec’s public statements were materially false and misleading at all relevant times. 

On May 10, 2018, Symantec disclosed that the “Audit Committee of the Board of Directors ha[d] commenced an internal investigation in connection with concerns raised by a former employee,” and that the Company “ha[d} voluntarily contacted the Securities and Exchange Commission to advise it that an internal investigation is underway.” 

Additionally, Symantec disclosed that “[t]he Company’s financial results and guidance may be subject to change based on the outcome of the Audit Committee investigation,” and further, that it was “unlikely that the investigation will be completed in time for the Company to file its annual report on Form 10-K for the fiscal year ended March 3, 2018.

Following this news, shares of the Company’s stock declined in value by $9.66 per share, or over 33%, to close on May 11, 2018 at $19.52, on extraordinarily high trading volume.

Wolf Haldenstein Adler Freeman & Herz LLP  has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

## Follow the firm and learn about newly filed cases on Twitter and Facebook. ##

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

Attorney Advertising. Prior results do not guarantee or predict a similar outcome.