Sonus Networks, Inc. Class Action Lawsuit - SONS

(1) the Company would fall materially short of its $74 million revenue forecast; (2) defendants knew that unrealistic revenue and profitability forecasts remained aspirational and largely unreachable, a fact that senior sales personnel regularly communicated to defendants; (3) a number of 2015 sales had been “pulled forward” to buoy sales numbers in Q4 2014, at management’s express direction, and (4) the “backlog” of sales expected to be recognized in early 2015 was significantly lower than usual.

In order to be eligible to join the SONS class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until January 7, 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.

Levi & Korsinsky announces a class action has commenced in the USDC for the District of Massachusetts on behalf of Sonus Networks, Inc. (NASDAQ: SONS) (as of October 30, 2017, now Ribbon Communications, Inc. and trading as NASDAQ: RBBN) shareholders who purchased shares between January 8, 2015 and March 24, 2015. If you suffered a loss in Sonus you have until January 7, 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.