LOS ANGELES–(BUSINESS WIRE)–$TLGT #ClassAction—The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Teligent, Inc. (“Teligent” or “the Company”) (NASDAQ: TLGT)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. Teligent announced its financial results for the third
quarter of 2017 on November 6, 2017. The Company admitted numerous
issues affecting it, including production and R&D problems along with
legal concerns. The Company’s revenue fell by 25% from the previous
quarter. On this news, Teligent’s share price fell by more than 43% the
next day. Based on these facts, the Company’s public statements were
false and materially misleading throughout the class period. When the
market learned the truth about Teligent, investors suffered damages.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm,
1880 Century Park East, Suite 404, Los Angeles, CA 90067, at
424-303-1964, to discuss your rights free of charge. You can also reach
us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
Cell:
424-303-1964
[email protected]
www.schallfirm.com
