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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of ADTRAN, Inc. (NASDAQ: ADTN) from February 28, 2019 through October 9, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for ADTRAN, Inc. investors under the federal securities laws.
If you bought ADTRAN, Inc. securities between February 28, 2019 and October 9, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against ADTRAN, Inc.– NASDAQ: ADTN
New York, N.Y., November 7, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of ADTRAN, Inc. (NASDAQ: ADTN) from February 28, 2019 through October 9, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for ADTRAN, Inc. investors under the federal securities laws.
To join the ADTN class action, go to http://zhanginvestorlaw.com/cases/adtran-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, throughout the Class Period: (1) there were material weaknesses in the Company’s internal control over financial reporting; (2) as a result, certain E&O reserves had been improperly reported; (3) as a result, the Company’s financial results for certain periods were misstated; (4) there would be a pause in shipments to the Company’s Latin American customer; and (5) as a result, ADTRAN’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 16, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. . If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/adtran-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.