ADTRAN, Inc. Class Action Lawsuit - ADTN

Company
ADTRAN, Inc. (NASDAQ: ADTN)
Lead Plaintiff Deadline
December 16, 2019 (Expired)
Class Period
February 28, 2019 - October 9, 2019

Expired

Lead Plaintiff Deadline

Dec 16, 2019

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Allegations

(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 of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Eligibility

In order to be eligible to join the ADTN class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until December 16, 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.

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