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Deadline on Dec.23rd coming up in Lawsuit filed for Investors in Pareteum Corporation (NASDAQ: TEUM)

12-09-2019 10:30 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on December 23, 2019 in the lawsuit for certain investors in Pareteum Corporation (NASDAQ: TEUM).

A Deadline is coming up on December 23, 2019 in the lawsuit for certain investors in Pareteum Corporation (NASDAQ: TEUM).

A deadline is coming up on December 23, 2019 in the lawsuit filed for certain investors of Pareteum Corporation (NASDAQ: TEUM) over alleged securities laws violations by Pareteum Corporation.

Investors who purchased shares of Pareteum Corporation (NASDAQ: TEUM) have certain options and there are strict and short deadlines running. Deadline: December 23, 2019. NASDAQ: TEUM stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Pareteum Corporation (NASDAQ: TEUM) common shares between March 12, 2019 and October 21, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 12, 2019 and October 21, 2019, the defendants made false and/or misleading statements and/or failed to disclose that Pareteum improperly and inaccurately recognized revenue for certain customer transactions, that Pareteum’s financial statements for the fiscal year ending December 31, 2018 and quarters of ending March 31, 2019 and June 30, 2019 were false and could not be relied on, and that as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Pareteum Corporation (NASDAQ: TEUM) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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