Levi & Korsinsky Announces GTT Communications Class Action Investigation; GTT Lawsuit

Class Action Reports

Levi & Korsinsky Announces GTT Communications Class Action Investigation; GTT Lawsuit

Levi & Korsinsky, LLP

September 24, 2019

Levi & Korsinsky, LLP announces that a GTT class action lawsuit has been commenced on behalf of investors who purchased GTT Communications, Inc. (GTT) securities between February 26, 2018 and July 1, 2019. For more on the GTT Communications Class Action please contact us today.

According to the GTT Communications lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) following GTT’s acquisition of Interoute Communications Holdings S.A., there were delays in migrating Interoute’s legacy systems and processes into GTT’s client management database system; (2) Interoute had made a strategic priority shift to sell cloud services that was a higher percentage of Interoute’s sales in the two years leading up to the acquisition; (3) a material percentage of the Interoute sales representatives were not productive at selling GTT’s core cloud networking services; (4) GTT was unable to yield as many Interoute salespeople because Interoute had hired many sales people focused on cloud services and allowed underperforming sales representatives to remain at Interoute; and (5) as a result of the foregoing, Defendants’ public statements were materially false and/or misleading and/or lacked a reasonable basis.

TO LEARN MORE ABOUT THE GTT CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/gtt-communications-inc-loss-form?prid=3557&wire=1

If you suffered a loss in GTT Communications you have until September 30, 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