IRVINE, CA / ACCESSWIRE / October 9, 2017 / Khang & Khang LLP (the "Firm") announces a securities class action lawsuit against Sequans Communications S.A. ("Sequans" or the "Company") (NYSE: SQNS). Investors who purchased or otherwise acquired Sequans shares from April 29, 2016 through July 31, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm by October 10, 2017, the lead plaintiff motion deadline.
If you purchased Sequans shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case yet, and until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
The Complaint alleges that throughout the Class Period, Sequans made false and/or misleading statements, and/or failed to disclose, that it was improperly recognizing revenue, and as a result, its public statements were materially false and misleading at all relevant times. On August 1, 2017, the Company revealed that its revenue in the second quarter was negatively affected by a product return from an early 2016 sale related to the tablet business. Following this news, Sequans' stock price fell materially, which caused investors harm according to the Complaint.
If you want to learn more about this lawsuit, or if you have questions regarding this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may constitute Attorney Advertising in certain jurisdictions.
Contact
Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com
SOURCE: Khang & Khang LLP
ReleaseID: 477364
