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Stock impact report

Shareholder Alert: Robbins LLP Reminds Investors ADTRAN, Inc. (ADTN) Sued for Misleading Shareholders

ADTRAN Holdings, Inc. (ADTN) 
Last adtran holdings, inc. earnings: 2/5 08:05 pm Check Earnings Report
Company Research Source: Business Wire
SAN DIEGO & HUNTSVILLE, Ala.--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP reminds investors that a purchaser of ADTRAN, Inc. (NASDAQ: ADTN) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between February 28, 2019 and October 9, 2019. ADTRAN is a networking and communications company that provides services which enable voice, data, video, and internet communications across a variety of network infrastructures.If you suffered a loss as a result of ADTRAN's misconduct, click here.ADTRAN, Inc. (ADTN) Accused of Misleading Shareholders According to the complaint, in February 2019, ADTRAN issued its 2018 Form 10-K, reporting total sales of $529.27 million and touting the Company's ability to maintain sufficient inventory levels. These financial results and the Company's ability to report excess and obsolete inventory reserves (”E&O reserves") were then reaffirmed in a Form 10-Q in May 2019. Despite these statements, on July 17, Show less Read more
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