Lawsuit Investigation: Comtech Telecommunications Corp. (CMTL) Accused of Misleading Corporate DisclosuresLawsuit Investigation: Comtech Telecommunications Corp. (CMTL) Accused of Misleading Corporate Disclosures On July 8, 2024, Rosen Law Firm announced an investigation into potential securities claims against Comtech Telecommunications Corp. (CMTL) regarding allegedly misleading corporate disclosures. Allegations: On March 13, 2024, Comtech filed an 8-K form with the SEC, indicating that CEO Ken Peterman had been removed for reasons unrelated to business strategy or financial statements. Consequences: The news sent CMTL shares plummeting by 27% on March 13, 2024. Rosen Law Firm: Rosen Law Firm, a law firm specializing in securities class actions, is investigating the allegations and inviting investors to participate in a proposed class action. Eligibility: Investors who purchased Comtech securities may be eligible to seek compensation through a contingency fee arrangement. Contact Information: To join the class action or obtain more information: * Visit: https://rosenlegal.com/submit-form/?case_id=26388 * Call toll-free: 866-767-3653 * Email: [email protected] About Rosen Law Firm: Rosen Law Firm is a global investor rights law firm with a proven track record in securing settlements for investors. The firm has been recognized for its achievements and is frequently ranked as a top firm in securities class actions. Disclaimer: Previous results do not guarantee a similar outcome in future cases. This announcement constitutes an attorney advertisement. Contact Details: Laurence Rosen, Esq. Philip Kim, Esq. The Law Firm of Rosen, PA 275 Madison Avenue, 40th Floor New York, NY 10016 Phone: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 Website: www.rosenlegal.com Email: [email protected]
NEW YORK, July 8, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Comtech Telecommunications Corp. (NASDAQ: CMTL) arising from allegations that Comtech may have provided misleading corporate information to the investing public.
SO: If you purchased Comtech securities, you may be entitled to compensation without paying any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action to recover investors’ losses.
WHAT TO DO: To participate in the proposed class action, go to https://rosenlegal.com/submit-form/?case_id=26388 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action.
WHAT IS THIS ABOUT: On March 13, 2024, Comtech filed a Current Report on Form 8-K with the SEC. In this 8-K, Comtech announced that on March 12, 2024, “the Board of Directors (the “Board of Directors”) of (Comtech Telecommunications Corp.) removed Ken Peterman as President and Chief Executive Officer of the Company for a reason related to conduct unrelated to Comtech’s business strategy, financial results or previously filed financial statements. Upon termination of his employment, Mr. Peterman was deemed to have resigned as Chairman of the Board and as a director under his employment agreement.”
This news caused Comtech shares to drop 27% on March 13, 2024.
WHY ROSEN LAW: We encourage investors to select qualified attorneys with a track record of leadership roles. Often, companies issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Choose your attorney wisely. Rosen Law Firm represents investors around the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest settlement ever in a securities class action against a Chinese company. Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured more than $438 million for investors. In 2020, founder Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.
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Lawyer Advertisement. Previous results do not guarantee a similar outcome.
Contact details:
Laurence Rosen, Esq.
Philip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
