INVESTOR ALERT: Kaskela Law LLC Announces Shareholder Investigation of Pareteum Corp. & Encourages Investors with Losses in E...

Date : 10/21/2019 @ 10:44PM
Source : Business Wire
Stock : Pareteum Corporation (TEUM)
Quote : 0.7615  -0.0708 (-8.51%) @ 8:24PM

INVESTOR ALERT: Kaskela Law LLC Announces Shareholder Investigation of Pareteum Corp. & Encourages Investors with Losses in E...

Pareteum (NASDAQ:TEUM)
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6 Months : From Jul 2019 to Jan 2020

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Kaskela Law LLC is investigating Pareteum Corporation (“Pareteum” or the “Company”) (Nasdaq: TEUM) on behalf of the Company’s investors.

Pareteum investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or by email at skaskela@kaskelalaw.com, to discuss this investigation and their legal rights and options. Additional information may also be found at http://kaskelalaw.com/case/pareteum-corporation/.

On October 21, 2019, Pareteum disclosed that it would restate its previously issued financial statements, and that investors “should no longer rely upon the Company's previously released financial statements” for 2018 or 2019. Additionally, the Company disclosed that it “currently estimates the revenue impact for the full year 2018 to be a reduction of approximately $9 million,” and “the revenue impact to be a reduction of approximately $24 million” for 2019.

Following this news, shares of the Company’s stock significantly declined in value.

Pareteum investors are encouraged to contact Kaskela Law LLC to discuss this investigation and their legal rights and options. Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

D. Seamus Kaskela, Esq. KASKELA LAW LLC 18 Campus Boulevard, Suite 100 Newtown Square, PA 19073 (484) 258 – 1585 (888) 715 – 1740 www.kaskelalaw.com skaskela@kaskelalaw.com

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