SAN DIEGO, Feb. 24, 2020 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of ADTRAN, Inc. (NASDAQ: ADTN).
Investors, who purchased shares of ADTRAN, Inc. (NASDAQ: ADTN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On October 17, 2019, a lawsuit was filed against ADTRAN, Inc. over alleged Securities Laws Violations. The plaintiff alleges that between the Defendants failed to disclose to investors that there were material weaknesses in the Company’s internal control over financial reporting, that, as a result, certain E&O reserves had been improperly reported, that, as a result, the Company’s financial results for certain periods were misstated, that there would be a pause in shipments to the Company’s Latin American customer, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased ADTRAN, Inc. (NASDAQ: ADTN) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.