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Stock impact report

INVESTOR ALERT: Kirby McInerney LLP Continues Investigation of Shareholder Claims Against ADTRAN, Inc.

ADTRAN Holdings, Inc. (ADTN) 
Last adtran holdings, inc. earnings: 2/5 08:05 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against ADTRAN, Inc. (“ADTRAN” or the “Company”) (NASDAQ: ADTN). This investigation concerns whether ADTRAN has violated federal securities laws and/or engaged in other unlawful business practices.On July 17, 2019, ADTRAN announced “preliminary” earnings for the second quarter of 2019 due to the Company’s assessment of its current and previously reported E&O reserves. On this news, the Company’s share price fell $3.69 per share, or 23.3%, to close at $12.13 on July 18, 2019.On August 12, 2019, ADTRAN disclosed its inability to timely file its quarterly financial report with the SEC, admitting to material weaknesses in its internal controls, resulting in a misstatement of the Company’s previously reported E&O reserves.If you acquired ADTRAN securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, Show less Read more
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