An investigation on behalf of investors in Sierra Wireless, Inc. (NASDAQ:SWIR) shares over potential wrongdoing at Sierra Wireless, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/13/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at Sierra Wireless, Inc.
Investors who purchased shares of Sierra Wireless, Inc. (NASDAQ: SWIR) 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 concerns whether certain Sierra Wireless, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Canada based Sierra Wireless, Inc., together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. On March 23, 2021, Sierra Wireless, Inc announced that the Company "discovered it was the subject of a ransomware attack on its internal IT systems on March 20, 2021." Sierra Wireless, Inc stated that "[a]s a result of the ransomware attack, Sierra Wireless halted production at its manufacturing sites" and that its "website and other internal operations have also been disrupted by the attack." Further, the Company stated that "[d]ue to these disruptions, Sierra Wireless is at this time withdrawing the First Quarter 2021 guidance it provided on February 23, 2021."
Shares of Sierra Wireless, Inc. (NASDAQ: SWIR) declined to as low as $14.25 per share on March 30, 2021.
Those who purchased shares of Sierra Wireless, Inc. (NASDAQ: SWIR) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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.