SHAREHOLDER ALERT: Lundin Law PC Announces an Investigation of NeoPhotonics Corp. & Encourages Investors with Losses to Conta...
December 20 2016 - 5:41PM
Business Wire
Lundin Law PC, a shareholder rights firm, announces that it is
investigating claims against NeoPhotonics Corporation
(“NeoPhotonics” or the “Company”) (NYSE: NPTN) concerning possible
violations of federal securities laws.
To get more information about this investigation, please contact
Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via
email at brian@lundinlawpc.com.
The Complaint alleges that NeoPhotonics released the divestiture
of its low-speed transceiver business on December 19, 2016.
NeoPhotonics then altered its estimate of fourth-quarter earnings
from $0.03 to $0.11 per share on revenue of $105 million to $109
million and claimed the drop was due to late shipments from one of
NeoPhotonics' new factories. When this news was revealed to the
public, NeoPhotonics dropped as much as 19.14%, on December 20,
2016, causing investors harm.
Lundin Law PC was founded by Brian Lundin, 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 ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161220006096/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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