Cambium Networks Corporation Class Action LawsuitCambium Networks Corporation Class Action Lawsuit Case Details: Who: Cambium Networks Corporation (NASDAQ: CMBM) shareholders who purchased securities between May 8, 2023 and January 18, 2024 What: Allegations of false and misleading statements regarding the company’s inventory levels, revenue growth, and earnings Lead Plaintiff Deadline: July 22, 2024 Why: Plaintiffs allege that the defendants made false and/or misleading statements that led to inflated stock prices, resulting in financial losses for investors. What to Do: Investors who wish to join the class action lawsuit can: * Visit the Rosen Law Firm website: https://rosenlegal.com/submit-form/?case_id=25517 * Call Phillip Kim, Esq. toll-free at 866-767-3653 * Email the firm at [email protected] Law Firm: Rosen Law Firm, a global investor rights law firm, is representing investors in this class action lawsuit. The firm has a proven track record of success in securities class action cases. Follow for Updates: * LinkedIn: https://www.linkedin.com/company/het-rosen-advocatenkantoor * Twitter: https://twitter.com/rosen_firm * Facebook: https://www.facebook.com/rosenlawfirm/ Disclaimer: Lawyer Advertisement. Previous results do not guarantee a similar outcome.
NEW YORK, July 6, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Cambium Networks Corporation (NASDAQ: CMBM) securities between May 8, 2023 and January 18, 2024, both dates inclusive (the “Class Period”), of the important Deadline for lead plaintiffs: July 22, 2024.
SO: If you purchased Cambium securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO: To join the Cambium class action, go to https://rosenlegal.com/submit-form/?case_id=25517 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must request the court no later than July 22, 2024A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in 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, but merely act as intermediaries that refer clients or work with law firms that actually litigate the cases. Choose your attorney wisely. Rosen Law Firm represents investors around the world, concentrating its practice in securities class action lawsuits and shareholder derivative litigation. Rosen Law Firm achieved the largest settlement in a securities class action lawsuit against a Chinese company. Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services for number of securities class action lawsuit 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 have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there was a buildup of inventory in Cambium’s distribution channels; (2) Cambium and its distributors would reasonably offer aggressive discounts to reduce high channel inventories; (3) Cambium’s revenues would decline sequentially until the excess channel inventory was sold; (4) Cambium would likely incur significant costs to write down excess and obsolete inventory; (5) as a result of the foregoing, Cambium’s fiscal 2023 revenues and earnings would be negatively impacted; and (6) as a result of the foregoing, defendants’ positive statements about Cambium’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details emerged in the marketplace, the lawsuit alleges investors suffered damages.
To join the Cambium class action, go to https://rosenlegal.com/submit-form/?case_id=25517 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action.
There is no class certification. Until a class is certified, you are not represented by counsel unless you hire one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/het-rosen-advocatenkantooron Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
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
