Press release
Investigation announced for Long-Term Investors in shares of Sonim Technologies, Inc. (NASDAQ: SONM)
An investigation on behalf of current long term investors in Sonim Technologies, Inc. (NASDAQ: SONM).
Investors who are current long term investors in Sonim Technologies, Inc. (NASDAQ: SONM) shares, 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 for current long term investors in NASDAQ: SONM stocks follows a lawsuit filed against Sonim Technologies, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SONM stocks, concerns whether certain Sonim Technologies, directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants failed to disclose to investors that the Company's XP8 was experiencing material software challenges, that these software issues adversely affected how the device's Qualcomm chipset, which supported Band 14 access, connected to AT&T's carrier network configuration, that the Company's XP5 and XP3 devices were experiencing material software defects that adversely affected their optimization with certain accessories, that, as a result, the Company was reasonably likely to delay the launch of new products, that, as a result of the foregoing, the Company's financial results would be materially and adversely impacted, and that, 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
Those who purchased shares of Sonim Technologies, Inc. (NASDAQ: SONM) 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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