LOS ANGELES–(BUSINESS WIRE)–$ADTN #ADTN—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of ADTRAN, Inc. (“ADTRAN” or “the Company”) (NASDAQ: ADTN) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. ADTRAN announced “preliminary” earnings for the second quarter of 2019 on July 17, 2019. This was due to the Company’s ongoing assessment of excess and obsolete inventory reserves (“E&O reserves”). On August 12, 2019, ADTRAN indicated that it would be incapable of filing its quarterly financial report with the SEC in a timely manner due to a material weakness related to E&O reserves.
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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.
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