Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Straight Path Communications Inc (NYSE: STRP) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Straight Path Communications Inc (NYSE: STRP) concerning whether a series of statements by Straight Path Communications Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 29, 2015, Kerrisdale Capital Management put out a report on Straight Path Communications Inc alleging that Straight Path is worth at least “90% less than its current market cap”, as a result of weakness in its spectrum, low demand in light of high supply, and problems of practical mmWave deployments.

On this news, Straight Path Communications Inc stock fell $18.23 per share, or over 38%, to close at $29.35 on October 29, 2015.

Then on November 5, 2015, Sinclair Upton Research issued a report stating that most of Straight Path Communications 39 GHz spectrum licenses were obtained from the Federal Communications Commission due to fraudulent misrepresentations.

Following this news, Straight Path Communications Inc stock fell $13.70, or over 51%, to close at $12.81 on November 5, 2015.

Based in Glen Allen, Virginia, and founded in 2013 Straight Path Communications Inc holds, leases, and markets fixed wireless spectrum licenses in the United States.

If you purchased shares of Straight Path Communications Inc (NYSE: STRP) on or before October 29, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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