Holzer Holzer & Fistel, LLC Announces That It Has Filed a Class Action Lawsuit on Behalf of Investors in Sequans Communications Inc.
(firmenpresse) - ATLANTA, GA -- (Marketwire) -- 09/21/11 -- Holzer Holzer & Fistel, LLC announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of Sequans Communications S.A. ("Sequans" or the "Company") (NYSE: SQNS) common stock who purchased shares between April 15, 2011 and July 27, 2011, inclusive (the "Class Period"). The lawsuit alleges that Sequans knew but failed to disclose that it was facing declining revenues from its WiMax products. The lawsuit further alleges, among other things, that Sequans materially overstated its position with regard to 4G LTE products.
If you purchased SQNS common stock during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than October 31, 2011. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Sequans investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at , or , or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm.
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Datum: 21.09.2011 - 16:49 Uhr
Sprache: Deutsch
News-ID 68320
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