An investigation on behalf of current long term investors in Cerence Inc. (NASDAQ:CRNC) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 06/30/2022 -- An investigation was announced for long-term investors in shares of Cerence Inc. (NASDAQ: CRNC) concerning potential breaches of fiduciary duties by certain directors of Cerence Inc.
Investors who are investors in Cerence Inc. (NASDAQ: CRNC) 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 investors in NASDAQ: CRNC stocks follows a lawsuit filed against Cerence Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CRNC stocks, concerns whether certain Cerence directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose that the global semiconductor shortage had a materially negative impact on demand for Cerence's software licenses, that Defendants masked the impact of the semiconductor shortage on demand for the Company's software licenses by pulling forward sales, and that, as a result of the above, Defendants' statements about Cerence's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Those who purchased shares of Cerence Inc. (NASDAQ: CRNC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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.