Lost money with Cambium Networks Corporation (CMBM)? Join the class action lawsuit and demand compensation

NEW YORK, July 9, 2024 /PRNewswire/ — Levi & Korsinsky, LLP notifies investors in Cambium Networks Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM) in a securities class action lawsuit.

CLASS DEFINITION: The aim of the lawsuit is to recover losses on behalf of Cambium Networks investors caused by allegedly Securities Fraud between May 8, 2023 And January 18, 2024. Follow the link below for more information and to be contacted by a member of our team:

Cambium Networks Lawsuit Submission Form

CMBM Investors can also Joseph E. Levi, Esq. per email to (email protected) or by phone at (212) 363-7500.

CASE DETAILS: The complaint filed claims that Defendants misrepresented and/or failed to disclose that: (1) there was a stockpiling in the Company’s distribution channels; (2) the Company and its distributors were likely to offer deep discounts to reduce the high inventory levels in the channels; (3) the Company’s revenues would decline sequentially until the excess inventory in the channels was sold off; (4) Cambium would likely incur significant costs to write off excess and obsolete inventory; (5) as a result of the foregoing, the Company’s revenues 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.

WHAT’S NEXT? If you have suffered a loss with Cambium Networks during the relevant period, you have until July 22, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any compensation is not dependent on your serving as lead plaintiff.

NO COST TO YOU: If you are a member of a class action lawsuit, you may be entitled to compensation without incurring any out-of-pocket costs or fees. Participation is free of charge and involves no obligations.

WHY LEVI & KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has recovered hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive experience representing investors in complex securities litigation and a team of over 70 people dedicated to serving our clients. For seven consecutive years, Levi & Korsinsky has been recognized as one of the leading securities litigation firms in the ISS Securities Class Action Services Top 50 Report. The United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
(email protected)
Phone: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

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