CLASS ACTION UPDATE for RBBN and TSRO: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.
Ribbon Communications, Inc. (NASDAQ: RBBN) formerly Sonus Networks, Inc. (NASDAQ: SONS) Class Period: January 8, 2015 - March 24, 2015 Lead Plaintiff Deadline: January 7, 2019 Join the action: https://www.zlk.com/pslra-1/sonus-networks-inc-loss-form?wire=3
About the lawsuit: Sonus Networks, Inc. allegedly made materially false and/or misleading statements during the class period and/or failed to disclose that: (1) the Company would fall materially short of its $74 million revenue forecast; (2) defendants knew that unrealistic revenue and profitability forecasts remained aspirational and largely unreachable, a fact that senior sales personnel regularly communicated to Defendants; (3) a number of 2015 sales had been “pulled forward” to buoy sales numbers in Q4 2014, at management’s express direction, and (4) the “backlog” of sales expected to be recognized in early 2015 was significantly lower than usual.
To learn more about the Sonus Networks, Inc. class action contact email@example.com.
Tesaro, Inc. (NASDAQGS: TSRO) Class Period: November 4, 2016 - November 14, 2016 Lead Plaintiff Deadline: January 8, 2019 Join the action: https://www.zlk.com/pslra-1/tesaro-inc-loss-form?wire=3
About the lawsuit: Throughout the class period, Tesaro, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) notwithstanding the completion of the July Public Offering, Tesaro’s liquidity position was insufficient to meet its cash flow requirements and fund its existing operations; (ii) accordingly, unbeknownst to investors, an additional public offering of Tesaro common stock was imminent; and (iii) as a result, Tesaro’s public statements were materially false and misleading at all relevant times. On July 7, 2016, Tesaro announced the closing of a previously-announced underwritten public offering. Then on November 14, 2016, Tesaro announced another proposed public offering. Following this news, on November 15, 2016, Tesaro stock fell more than 11 percent to close at $131.04 per share.
To learn more about the Tesaro, Inc. class action contact firstname.lastname@example.org.
You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.