The Shareholders Foundation announced that an investigation on behalf of investors of ADTRAN, Inc. (NASDAQ:ADTN) shares was launched over potential securities laws violations by ADTRAN, Inc. and certain of its directors and officers.
Investors who purchased shares of ADTRAN, Inc. (NASDAQ:ADTN) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of ADTRAN, Inc. (NASDAQ:ADTN) concerning whether a series of statements by ADTRAN, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 21, 2015, ADTRAN, Inc. reported its results for the first quarter 2015. Accordingly, ADTRAN, Inc reported lower than expected earnings for Q1 2015, attributed to both European currency fluctuations and also to the cancellation of the large Tier 1 project that was slated to commence late in Q1 2015. Shares of ADTRAN, Inc. (NASDAQ:ADTN0 declined to $15.67 per share on April 23, 2015.
On May 5, 2015, NASDAQ:ADTN shares closed at $16.33 per share.
Those who purchased shares of ADTRAN, Inc. (NASDAQ:ADTN) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com