Levi & Korsinsky, LLP announces the filing of a class action lawsuit in the United States District Court for the District of New Jersey on behalf of shareholders of Straight Path Communications, Inc. (NYSE MKT: STRP) who purchased shares between October 29, 2013 and November 5, 2015.
The complaint alleges defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) the commercialization prospect for Straight Path’s spectrum assets is less than touted; (2) Straight Path’s spectrum licenses were improperly obtained; and (3) as a result, Straight Path’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times. If you suffered a loss in Straight Path you have until January 12, 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.
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