LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Todd M. Garber announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of a class (the “Class”) comprising all purchasers of Polycom, Inc. (“Polycom” or the “Company”) (NASDAQ:PLCM) securities between July 24, 2012 and July 23, 2013, inclusive (the “Class Period”).

“a review of certain of Mr. Miller’s expense submissions”

Polycom provides standards-based unified communications and collaboration, including video, voice and content-management and content-sharing solutions, mobile device applications, browser-based video collaboration and cloud-delivered services. On July 23, 2013 Polycom issued a press release announcing the resignation of the Company’s President and Chief Executive Officer, Andrew Miller. According to the Company, on July 17, 2013 the Audit Committee of the Board of Directors completed “a review of certain of Mr. Miller’s expense submissions” and found “certain irregularities in these submissions.”

Following this news, on July 24, 2013 the price of Polycom shares fell $1.69, or more than 15%, to $9.49 per share, on volume of more than 14 million shares traded.

If you are a member of the above-described Class, you may move the Court no later than September 24, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class, you may retain counsel of your choice or take no action and remain an absent member of the Class. If you have information or would like to learn more about these claims, or if you purchased shares prior to the Class Period and have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to info@toddgarberlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.