NEW YORK, March 25, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces it is continuing to investigate potential securities claims on behalf of purchasers of Tangoe, Inc. securities (NASDAQ:TNGO) from March 18, 2014 through March 7, 2016 resulting from allegations that Tangoe may have issued materially misleading business information to the investing public.
On March 7, 2016, Tangoe announced after the market closed that it will restate its financial statements for the years 2013 and 2014, all quarters therein, and the first 3 quarters of 2015. Tangoe concluded that it made errors in recognizing revenue. On this news, shares of Tangoe fell $0.70 per share or over 9% from its previous closing price to close at $7.05 per share on March 8, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Tangoe investors. If you purchased shares of Tangoe from March 18, 2014 through March 7, 2016, please visit the firm’s website at http://rosenlegal.com/cases-853.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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