Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Ribbon Communications, Inc. (RBBN) and Lead Plaintiff Deadline – January 7, 2019

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2018 | 10:01am EDT

NEW YORK, Dec. 07, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Ribbon Communications, Inc. f/k/a Sonus Networks, Inc. ("Ribbon" or the "Company") (NASDAQ: RBBN) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Ribbon securities between January 8, 2015 through March 24, 2015, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/rbbn.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Sonus 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 direction; (4) the “backlog” of sales expected to be recognized in early 2015 was significantly lower than usual; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: bgandg.com/rbbn or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Ribbon you have until January 7, 2019 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

BGG Logo.jpg


© GlobeNewswire 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
10:57aUAW HEAD TO GM : we invested in you, now invest in us
RE
10:57aMAPLE LEAF FOODS : unveils new Canadian hot dog etiquette rules in time for National Hot Dog Day, July 17
AQ
10:56aGoldman Sachs profit beats estimates, boosted by strong equities trading
RE
10:55aWEATHERING THE STORM : Hurricane Preparedness
PU
10:55aIOFINA : Holding(s) in the Company
PU
10:55aUPDATE -- OneMarket Introduces First Customer Activation Platform Dedicated to Retail
GL
10:55aFormer Autotrader executive Matt McKenna has joined APCO Holdings, LLC as Senior Vice President of GWC Warranty and APCO Marketing
GL
10:54aLevi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Tower International, Inc. to Autokiniton Global Group is Fair to Shareholders
GL
10:54aDELTA DENTAL OF WISCONSIN : Foundation Increases Annual Seal-A-Smile Commitment
BU
10:53aINFORMATION SERVICES : ISG Bot 3.0 Study Finds Rapid Enterprise Adoption of Automation and Cognitive Technology
PR
Latest news "Companies"
Advertisement