ATTENTION COMVERSE SHAREHOLDERS: Johnson & Weaver, LLP Investigates Potential Violations of Federal & State Law Following Ann...
September 09 2014 - 11:25AM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating potential violations of federal and state laws by
Comverse, Inc. (NASDAQ: CNSI) and certain of its officers. Comverse
provides telecom business enablement solutions for communication
service providers.
Specifically, Johnson & Weaver’s investigation seeks to
determine whether shareholders were misled by certain statements
the Company made regarding its business outlook and expected
bookings. Once a subsidiary within the corporate fold of parent
Comverse Technology, Inc., the Company broke away as an independent
entity and began trading on the NASDAQ Stock Market on November 1,
2012. Since going public, Comverse has reported a sequence of
revenue and earnings misses. Most recently, on September 9, 2014,
before the markets opened, Comverse reported second quarter
revenues and earnings for 2014. The Company reported a
year-over-year revenue decrease to $115.3 million from $169.8
million. On the news, Comverse stock is down over 8% in early
morning trading at $21.02, trading at or near an all time low.
If you have information that could assist in this
investigation, or if you are a Comverse shareholder and are
interested in learning more about the investigation or your legal
rights and remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) by email or by phone
at 619-814-4471. If emailing, please include a phone number where
you can be reached.
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits.
Attorney advertising. Past results do not guarantee future
outcomes.
Johnson & Weaver, LLPJim Baker, 619-814-4471
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