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INVESTOR ALERT: Lundin Law PC Announces a Securities Class Action Lawsuit against Sequans Communications S.A. and Encourages Investors with Losses to Contact the Firm
Monday, August 21, 2017 5:55 PM
LOS ANGELES, CA / ACCESSWIRE / August 21, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Sequans Communications S.A. (''Sequans'' or the ''Company'') (NYSE: SQNS) regarding possible violations of federal securities laws between April 29, 2016 and July 31, 2017, inclusive (the ''Class Period''). Investors who purchased or otherwise acquired Sequans shares during the Class Period should contact the firm prior to the October 10, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at [email protected].
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, Sequans made false and/or misleading statements, and/or failed to disclose, that the Company was improperly recognizing revenue, and as a result, its public statements were materially false and misleading at all relevant times. On August 1, 2017, Sequans revealed that its revenue in the second quarter was negatively affected by a product return from an early 2016 sale related to the tablet business. Upon release of this news, shares of Sequans declined in value materially, which caused investors harm according to the lawsuit.
Lundin Law PC was founded by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethics rules.
Lundin Law PC
Brian Lundin, Esq.
SOURCE: Lundin Law PC