Levi & Korsinsky announces the filing of a class action lawsuit in the USDC for the District of New Jersey on behalf of shareholders of Tangoe, Inc. (NASDAQ: TNGO) who purchased shares between March 18, 2014 through March 7, 2016.
The complaint alleges that throughout the Class Period Tangoe issued false and misleading information and or/failed to disclose that: (1) defendants made errors in recognizing Tangoe’s revenue; (2) Tangoe’s financial results were overstated; and (3) as a result, statements about Tangoe’s 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.
If you suffered a loss in Tangoe you have until July 25, 2016 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.
To receive more information, please fill out the form.