Securities Class Action Filed Against Sonus Networks, Inc.
Violations of federal securities laws as a result of a series of materially false statements. The Complaint alleges that Sonus made false and/or misleading statements and/or failed to disclose that: (1) the Company would be unable to close certain orders in the first quarter of 2015; and (2) it was experiencing longer decision cycles from its customers. When the true details entered the market, the suit claims that investors suffered damages. Filed in D.N.J.
Lead Plaintiff Deadline: The deadline to file for lead plaintiff in this action is 6/5/2015.
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