Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, April 02, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Comtech Telecommunications Corp. ("Comtech" or the "Company") (NASDAQ:CMTL) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Comtech stock. Comtech investors are encouraged to contact the firm to discuss their legal rights.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On March 13, 2024, Comtech announced in a press release the immediate dismissal of Ken Peterman from his roles as President and Chief Executive Officer. The company clarified that his termination was due to behavior unrelated to Comtech's operational strategy, financial performance, or any financial statements previously disclosed. Additionally, Comtech revealed plans to disclose its financial results for the second quarter of fiscal year 2024 after the market closes on March 18, 2024.
Following the announcement of Peterman's dismissal, Comtech's stock experienced a significant drop, declining by $1.57 per share, or 27.26%, ending the day at $4.19 per share.
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The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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