An investigation on behalf of current long term investors in DZS Inc. (NASDAQ:DZSI) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/09/2023 -- Certain directors of DZS Inc. are under investigation over potential breaches of fiduciary duties.
Investors who are current long term investors in DZS Inc. (NASDAQ: DZSI) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for 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.
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.
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About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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.