CLASS ACTION UPDATE for SONS/RBBN and MDR: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, Nov. 16, 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.
Sonus Networks, Inc. (NASDAQ: SONS) now Ribbon Communications, Inc. and trading as NASDAQ: RBBN 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: During the class period, Sonus Networks, Inc. allegedly made materially false and/or misleading statements 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.
McDermott International, Inc. (NYSE: MDR) Class Period: January 24, 2018 - October 30, 2018 Lead Plaintiff Deadline: January 15, 2019 Join the action: https://www.zlk.com/pslra-1/mcdermott-international-inc-loss-form?wire=3
About the lawsuit: McDermott International, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was facing strong headwinds and would fail to meet revenue and earnings estimates; (2) there were material problems with the integration of the CB&I business; (3) certain CB&I projects were reasonably likely to incur higher costs; (4) as a result, the fair value of these CB&I projects would be materially impacted; and (5) 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.
To learn more about the McDermott International, 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.