A Deadline is coming up on December 6, 2019 in the lawsuit for certain investors in Sonim Technologies, Inc. (NASDAQ: SONM).
San Diego, CA -- (SBWIRE) -- 12/04/2019 -- The Shareholders Foundation announced that a deadline is coming up on December 6, 2019 in the lawsuit filed for certain investors of Sonim Technologies, Inc. (NASDAQ: SONM) over alleged securities laws violations by Sonim Technologies, Inc.
Investors who purchased shares of Sonim Technologies, Inc. (NASDAQ: SONM) have certain options and there are strict and short deadlines running. Deadline: December 6, 2019. NASDAQ: SONM stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges the defendants failed to disclose to investors that the Company's XP8 was experiencing material software challenges, that these software issues adversely affected how the device's Qualcomm chipset, which supported Band 14 access, connected to AT&T's carrier network configuration, that the Company's XP5 and XP3 devices were experiencing material software defects that adversely affected their optimization with certain accessories, that, as a result, the Company was reasonably likely to delay the launch of new products, that, as a result of the foregoing, the Company's financial results would be materially and adversely impacted, 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 Sonim Technologies, Inc. (NASDAQ: SONM) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
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.