Press release
Deadline on April 26th coming up in Lawsuit for Investors in Cerence Inc. (NASDAQ: CRNC)
A Deadline is coming up on April 26, 2022in the lawsuit for certain investors in Cerence Inc. (NASDAQ: CRNC).
Investors who purchased shares of Cerence Inc. (NASDAQ: CRNC) have certain options and there are strict and short deadlines running. Deadline: April 26, 2022. NASDAQ: CRNC 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 District of Massachusetts the plaintiff alleges on behalf of purchasers of Cerence Inc. (NASDAQ: CRNC) common shares between February 8, 2021 and February 4, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 8, 2021 and February 4, 2022, the Defendants failed to disclose that the global semiconductor shortage had a materially negative impact on demand for Cerence's software licenses, that Defendants masked the impact of the semiconductor shortage on demand for the Company's software licenses by pulling forward sales, and that, as a result of the above, Defendants' statements about Cerence's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Those who purchased shares of Cerence Inc. (NASDAQ: CRNC) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
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 lawsuits, 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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