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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 16, 2019 to file lead plaintiff applications in a securities class action lawsuit against ADTRAN, Inc. (NasdaqGS: ADTN).
ADTRAN and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 9, 2019, post-market, the Company announced its preliminary 3Q2019 financial results, disclosing that “revenue this quarter has been significantly impacted by a pause in shipments to a Tier 1 customer in Latin America and the continued slowdown in the spending at an international Tier 1 customer.”
On this news, the price of ADTRAN’s shares plummeted.
If you purchased securities of ADTRAN and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Burbridge v. ADTRAN, Inc., 19-cv-09619. Click here to read the case complaint.