SuperCom Ltd
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | SuperCom Ltd |
Stock Symbol : | NASDAQ: SPCB |
Class Period Start: | 06/01/2016 |
Class Period End: | 11/27/2015 |
Lead Plaintiff motion: | 02/08/2016 |
Date Filed: | 12/09/2015 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the February 8, 2016 lead plaintiff deadline in a class action lawsuit filed against SuperCom Ltd (NASDAQ: SPCB) (“SuperCom” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased SuperCom Ltd securities between June 1, 2015 and November 27, 2015, have until February 8, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased SuperCom Ltd securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that SuperCom was having problems closing certain governmental sales and the revenue associated with those sales would be substantially delayed; and that the Company's “pipeline” was neither strong nor “broadening”. As a result, the Company was not on track to achieve the financial results SuperCom had led the market to expect. On November 30, SuperCom revealed its preliminary third quarter 2015 results for the period that ended September 30, SuperCom declared it missed its revenue target and would be forced to cut its fiscal year 2015 revenue and earnings guidance. Following this news, SuperCom shares dropped causing investors harm. If you were negatively impacted by your investment in SuperCom Ltd securities between June 1, 2015 and November 27, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185
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