INVESTOR ALERT: Kirby McInerney LLP Continues Investigation of Shareholder Claims Against ADTRAN, Inc.
Last adtran, inc earnings: 2/5 08:05 pm
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US:NASDAQ Investor Relations: portal.adtran.com/web/page/portal/adtran/wp_investorrelations_landing
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,
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SEC Filings
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- 10/29/20 - Form S-8
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