Long-Term Investors in Cambium Networks Corporation (NASDAQ: CMBM) should contact the Shareholders Foundation in connection with Investigation over potential Wrongdoing

An investigation was announced for current long-term investors in shares of Cambium Networks Corporation (NASDAQ: CMBM) concerning potential breaches of fiduciary duties by certain directors of Cambium Networks Corporation.

Investors who are current long term investors in Cambium Networks Corporation (NASDAQ: CMBM) 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: CMBM stocks follows a lawsuit filed against Cambium Networks Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CMBM stocks, concerns whether certain Cambium Networks Corporation 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 Illinois the plaintiff alleges that, the Defendants failed to disclose to investors that there was a buildup of inventory in the Company's distribution channels, that the Company and its distributors were reasonably likely to offer aggressive discounts to reduce the high channel inventories, that the Company's revenue would decline sequentially until the excess channel inventory was sold through, that Cambium was likely to incur significant charges to writedown excess and obsolete inventory, that, as a result of the foregoing, the Company's fiscal 2023 revenue and earnings would be adversely affected, 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 Cambium Networks Corporation (NASDAQ: CMBM) 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.