Investigation announced for Long-Term Investors in shares of DZS Inc. (NASDAQ: DZSI) over potential Wrongdoing

An investigation was announced for long-term investors in shares of DZS Inc. (NASDAQ: DZSI) concerning potential breaches of fiduciary duties by certain directors of DZS Inc.

Investors who are current long term investors in DZS Inc. (NASDAQ: DZSI) 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: DZSI stocks follows a lawsuit filed against DZS Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: DZSI stocks, concerns whether certain DZS Inc. 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 Easter District of Texas the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose, among other things, that DZS' financial statements from March 31, 2023 to the present contained certain errors, that as a result, DZS would need to restate its previously filed quarterly financial statement for the period ending March 31, 2023, that the Company had ongoing undisclosed issues with its internal controls over financial reporting, 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.

Those who purchased shares of DZS Inc. (NASDAQ: DZSI) have certain options and should contact the Shareholders Foundation.

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 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.

This release was published on openPR.