RIBBON COMMUNICATIONS SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff De...
December 14 2018 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until January 7, 2019 to file lead
plaintiff applications in a securities class action lawsuit against
Ribbon Communications, Inc. (NasdaqGS: RBBN) formerly Sonus
Networks, Inc., if they purchased the Company’s securities between
January 8, 2015 through March 24, 2015, inclusive (the “Class
Period”). This action is pending in the United States District
Court for the District of Massachusetts.
Get Help
Ribbon investors should visit us at
https://www.claimsfiler.com/cases/view.php?s2=nasdaq-sons-4 or call
toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are
available to discuss your legal options.
About the Lawsuit
Ribbon and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On March 24, 2015, Ribbon, formerly Sonus Networks, Inc.,
disclosed dismal results for the first quarter of 2015, including
revenue of only $47-$50 million, approximately $24-$30 million
lower than expected, and a $0.29-$0.34 loss in non-GAAP
earnings-per-share, lower than the $0.03 gain forecasted.
On this news, the price of Ribbon’s shares plummeted $4.46 per
share, from $13.16 to $8.70 per share, a loss of over 33%
The case is Miller v. Sonus Networks, Inc., et al.,
18-cv-12344.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. At
ClaimsFiler.com, investors can: (1) register for free to gain
access to information and settlement websites for various
securities class action cases so they can timely submit their own
claims; (2) upload their portfolio transactional data to be
notified about relevant securities cases in which they may have a
financial interest; and (3) submit inquiries to the Kahn Swick
& Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181214005082/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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