LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24FSNN&src=ctag” target=”_blank”gt;$FSNNlt;/agt; lt;a href=”https://twitter.com/hashtag/CLASSACTION?src=hash” target=”_blank”gt;#CLASSACTIONlt;/agt;–Glancy
Prongay & Murray LLP (“GPM”) reminds investors of the upcoming June
17, 2019 deadline to file a lead plaintiff motion in the class
action filed on behalf of Fusion Connect, Inc. (“Fusion” or the
“Company”) (NASDAQ: FSNN)
investors who purchased securities between August 14, 2018 and
April 2, 2019, inclusive (the “Class Period”).
If you are a shareholder who suffered a loss, click here to
participate.
If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, at
310-201-9150, Toll-Free at 888-773-9224, or by email to [email protected],
or visit our website at www.glancylaw.com.
On March 13, 2019, the Company announced that its earnings call for the
fourth quarter and full year of 2018 would be postponed. Then, on April
2, 2019, the Company disclosed certain accounting errors related to a
2018 acquisition and stated that previously issued financial statements
should no longer be relied upon. Fusion also relayed that additional
accounting errors would further delay the filing of its 2018 Form 10-K.
On this news, shares of Fusion fell $0.98 per share, or over 81%, over
several trading sessions to close at $0.22 on April 3, 2019, thereby
injuring investors.
The complaint filed in this class action alleges that Defendants
throughout the Class Period made false and/or misleading statements
and/or failed to disclose that: (1) Fusion Connect’s earnings for the
quarters ended June 30, 2018 and September 30, 2018 were overstated due
to the insufficient precision in the process by which certain of its
Birch Communications Holdings, Inc. subsidiaries capitalized costs; and
(2) as a result, Fusion Connect’s public statements were materially
false and misleading at all relevant times
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased or otherwise acquired Fusion securities during the
Class Period you may move the Court no later than June 17, 2019 to
request appointment as lead plaintiff in this putative class action
lawsuit. To be a member of the class action you need not take any action
at this time; you may retain counsel of your choice or take no action
and remain an absent member of the class action. If you wish to learn
more about this class action, or if you have any questions concerning
this announcement or your rights or interests with respect to the
pending class action lawsuit, please contact Lesley Portnoy, Esquire, of
GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067
at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected],
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com
