LOS ANGELES, CA / ACCESSWIRE / September 29, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cantaloupe, Inc. ("Cantaloupe" or "the Company") (NASDAQ:CTLP) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cantaloupe announced on September 28, 2022, that it would fail to file its annual report on Form 10-K for the fiscal year ended on June 30, 2022, in a timely manner. The Company blamed "management finalizing its assessment of the effectiveness of its internal controls over financial reporting" for the delay. The Company added that it "currently expects to report three material weakness in its internal control framework" related to "the design, implementation and operating effectiveness of controls over revenue and related accounts." Based on this news, shares of Cantaloupe fell in after hours trading on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm