PR Newswire
LOS ANGELES, July 16, 2024
LOS ANGELES, July 16, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Cambium Networks Corporation ("Cambium" or "the Company") (NASDAQ:CMBM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of CMBM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: May 8, 2023 to January 18, 2024
DEADLINE: July 22, 2024
CASE DETAILS: The investigation focuses on whether the Company made false and misleading statements to the market. Cambium's distribution channels suffered from a buildup of inventory. The Company was likely to offer aggressive discounts to clear out the excess inventory. The Company's revenue would decline until the excess inventory was sold off. The Company was likely to incur charges to writedown excess inventory. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Cambium, investors suffered damages.
If you are a shareholder who suffered a loss, please contact David Schwartz, Esq., at 914-206-9742, or by email at [email protected]
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
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SOURCE DJS Law Group LLP
