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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Pareteum Corp. (NASDAQ: TEUM) from December 26, 2017 through October 21, 2019 (the “Class Period”). The lawsuit seeks to recover damages for Pareteum Corp. investors under the federal securities laws.
If you bought Pareteum Corp. securities between December 26, 2017 through October 21, 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 Pareteum Corp. – TEUM
New York, N.Y., October 27, 2019. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Pareteum Corp. (NASDAQ: TEUM) between December 26, 2017 through October 21, 2019, inclusive (the “Class Period”).
To join the TEUM class action, go to http://zhanginvestorlaw.com/cases/pareteum-corp/ 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. YOU NEED NOT BE A LEAD PLAINTIFF TO SECURE A RECOVERY.
According to the lawsuit, throughout the Class Period:(1) Pareteum improperly and inaccurately recognized revenue for certain customer transactions; (2) Pareteum’s financial statements for the fiscal year ending December 31, 2018 and quarters of ending March 31, 2019 and June 30, 2019 were false and could not be relied on; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis 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 23, 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/pareteum-corporation/ 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.