Levi & Korsinsky Announces ADTRAN Class Action Investigation; ADTN Lawsuit

Class Action Reports

Levi & Korsinsky Announces ADTRAN Class Action Investigation; ADTN Lawsuit

Levi & Korsinsky, LLP

October 25, 2019

Levi & Korsinsky, LLP announces that a ADTN class action lawsuit has been commenced on behalf of investors who purchased ADTRAN, Inc. (ADTN) securities between February 28, 2019 and October 9, 2019. For more on the ADTRAN Class Action please contact us today.

According to the ADTRAN lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (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.

TO LEARN MORE ABOUT THE ADTN CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/adtran-inc-loss-form?wire=3

If you suffered a loss in ADTRAN 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.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com