Sequans Communications S.A. (SQNS) Loss Submission Form
Levi & Korsinsky announces the commencement of a class action lawsuit in the United States District Court for the Eastern District of New York on behalf of shareholders of Sequans Communications S.A. (NYSE : SQNS) who purchased shares between April 29, 2016 and July 31, 2017.
The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company was improperly recognizing revenue; and (2) as a result, certain public statements were materially false and misleading at all relevant times. On August 1, 2017, Sequans revealed that its revenue in the second quarter was negatively affected by a product return from an early 2016 sale related to the tablet business. When this news was announced, shares of Sequans declined in value materially, which caused investors harm.
If you suffered a loss in Sequans Communications S.A. you have until October 10, 2017 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.