NEW YORK, April 15, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Cerence Inc. (NASDAQ:
CRNC).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/cerence-inc-loss-submission-form/?id=25960&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Cerence Inc. between February 8,
2021 and February 4, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
April 26, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Cerence Inc. issued materially
false and/or misleading statements and/or failed to disclose that:
(1) the global semiconductor shortage had a materially negative
impact on demand for Cerence's software licenses; (2) defendants
masked the impact of the semiconductor shortage on demand for the
Company's software licenses by pulling forward sales; and (3) as a
result of the above, defendants' statements about Cerence's
business, operations, and prospects were false and misleading
and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law