NEW YORK, July 1, 2024 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of Cambium Networks Corporation (NASDAQ: CMBM).
Shareholders who purchased CMBM shares during the indicated period are encouraged to contact the firm regarding a possible appointment as lead plaintiff. Appointment as lead plaintiff is not required to participate in any compensation.
CONTACT US HERE:
SCHOOL LESSON: 8 May 2023 to 18 January 2024
ACCUSATIONS: The complaint alleges that during the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) there was a stockpiling in the Company’s distribution channels; (2) the Company and its distributors would likely offer deep discounts to reduce the high inventory levels in the channels; (3) the Company’s sales would gradually decline until the excess inventory in the channels was sold; (4) Cambium would likely incur significant costs to write off excess and obsolete inventory; (5) as a result of the foregoing, the Company’s sales and earnings in fiscal year 2023 would be adversely affected; and (6) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: 22 July 2024 Shareholders should immediately register for this class action lawsuit. Register your information here: https://securitiesclasslaw.com/securities/cambium-networks-loss-submission-form/?id=88051&from=3
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CMBM during the above-mentioned period, you will be enrolled in portfolio monitoring software that will provide you with status updates throughout the lifecycle of the case. The deadline to apply to be lead plaintiff is July 22, 2024. There is no cost and no obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action litigation firm. Our mission is to protect the rights of all investors who have suffered from deception, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and act as corporate citizens. The firm seeks compensation on behalf of investors who have suffered losses when a company’s false and/or misleading statements or omission of material information have resulted in the artificial inflating of the company’s stock price. Attorney Advertising. Past results do not guarantee similar results.
CONTACT:
The law firm Gross
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903
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