PARETEUM ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Pareteum Corporation and Encourages Investors to Contact the Firm
PARETEUM CORPORATION (TEUM)
NASDAQ:AMEX Investor Relations:
pareteum.com/investors
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, announces that class action lawsuits have been filed in the United States District Courts for the Eastern and Southern Districts of New York on behalf of investors that purchased Pareteum Corporation (NASDAQ: TEUM) securities between March 12, 2019 and October 21, 2019 (the “Class Period”). Investors have until December 23, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.Click here to participate in the action.On June 7, 2019, Marcus Aurelius Value published a report questioning the propriety of Pareteum’s accounting and statements about its backlog, backlog conversion rates, and receivables. The report concluded, “[w]e see massive downside potential and believe the stock is completely uninvestible.”On this news, the Company’s stock price fell $0.83, or over 24%, to close at $2.58 per share on June 7, 2019.Next, on June 25, 2019, Viceroy Research Group
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