SAN DIEGO, CA / ACCESSWIRE / October 29, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in ADTRAN, Inc. (NASDAQ:ADTN) shares.
Investors, who purchased shares of ADTRAN, Inc. (NASDAQ:ADTN), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
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
[email protected]
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.
SOURCE: Shareholders Foundation, Inc.