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Events / EPAM Systems Securities...
Regulatory securities investigation

EPAM Systems Securities Investigation Initiated

Analysis based on 7 articles · First reported Feb 28, 2026 · Last updated Mar 11, 2026

Sentiment
-20
Attention
2
Articles
7
Market Impact
Direct
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Market Impact

The market is impacted by the significant decline in EPAM Systems' stock price, reflecting investor concern over its financial performance and the ongoing investigation. This event highlights the risks associated with revenue concentration from large customers and potential legal liabilities for publicly traded companies.

Information technology Legal services
Event Summary

Kirby McInerney LLP has launched an investigation into EPAM Systems, Inc. following a substantial drop in its share price. The decline occurred after EPAM Systems reported its fourth-quarter and full-year 2025 financial results, revealing a significant revenue decrease from the largest customer of its NEORIS business. The Chief Financial Officer of EPAM Systems acknowledged that this customer would ramp down business between Q4 and Q1, leading to a 17% drop in EPAM Systems' stock on February 19, 2026. The law firm is exploring potential violations of federal securities laws and other unlawful business practices by EPAM Systems and its senior management, with the aim of determining whether claims can be brought under federal securities laws.

Key Actions
100 Kirby McInerney LLP initiated investigation into possible securities law violations EPAM Systems
95 EPAM Systems stock price declined by 17% New York Stock Exchange
90 EPAM Systems reported financial results with revenue decline
Entities Involved
stock
EPAM Systems
EPAM Systems is under investigation by Kirby McInerney LLP for possible violations of federal securities laws and unlawful business practices. This follows a significant decline in its share price after reporting a revenue decline from a major customer of its NEORIS business.
Importance 100 Sentiment -50
priv
Kirby McInerney LLP
Kirby McInerney LLP is conducting an investigation into EPAM Systems on behalf of its investors. The firm specializes in securities, antitrust, whistleblower, and consumer litigation, aiming to determine if a lawsuit can be filed.
Importance 80 Sentiment 10
priv
NEORIS
NEORIS is a business unit of EPAM Systems that experienced a decline in revenue from its largest customer. This decline contributed to EPAM Systems' stock price drop and the subsequent investigation.
Importance 40 Sentiment -20
exch
New York Stock Exchange
EPAM Systems shares are traded on the New York Stock Exchange, where its stock price declined significantly following the earnings report.
Importance 10 Sentiment 0
Relationships
NEORIS related ↔ EPAM Systems
EPAM Systems related ↔ Kirby McInerney LLP
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