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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Tangoe Inc (NASDAQ: TNGO) 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 Tangoe Inc (NASDAQ: TNGO) concerning whether a series of statements by Tangoe Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 7, 2016, Tangoe released a statement in Securities and Exchange Commission, Form 8-K filing revealing that Tangoe's financial statements had to be restated for 2013, 2014, and the first three quarters of 2015. The Company disclosed that it made errors in recognizing revenue, primarily from business activities that are ancillary to the Company's core business.
Following this news, Tangoe shares declined during intraday trading on March 8, 2016.
Based in Orange, Connecticut, and founded in 2000 Tangoe Inc provides connection lifecycle management (CLM) software and related services to enterprises and service providers.
If you purchased shares of Tangoe Inc (NASDAQ: TNGO) on or before March 7, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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