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Shareholder Alert: Robbins Arroyo LLP Reminds Investors GTT Communications, Inc. (GTT) Sued for Misleading Shareholders

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SAN DIEGO & MCLEAN, Va.–(BUSINESS WIRE)–$GTT #ClassAction–Shareholder rights law firm Robbins Arroyo LLP reminds investors that a purchaser of GTT Communications, Inc. (NYSE: GTT) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between February 26, 2018 and July 1, 2019. GTT provides cloud networking services to multinational enterprises, carriers, and government customers in the United States and internationally.

If you suffered a loss as a result of GTT’s misconduct, click here.

GTT Communications, Inc. (GTT) Accused of Misleading Investors

According to the complaint, in February 2018, GTT announced a $2.3 billion deal to acquire Interoute Communications Holdings S.A., starkly contrasting its strategy of acquiring smaller companies in “tuck-in acquisitions.” GTT assured that the two companies fit together almost “hand in glove” and that GTT’s global IP network would expand to be “one of Europe’s most extensive fiber footprints.” These assurances were further supported in a series of statements from GTT, touting that the integration was “on track” and “[making] meaningful progress,” positioning GTT toward “[its] next financial objectives of $2 billion in revenue and $550 million in Adjusted EBITDA.” However, these optimistic statements proved to be materially false when, in May 2019, GTT reported a 1% decline in revenue and $27.3 million in net losses. In its explanation for the disappointing financial results, GTT revealed that the declining business was due to challenges and delays in its integration of Interoute. Since this news, GTT’s stock price has plummeted almost 80% and currently trades at around $7.

GTT Communications, Inc. (GTT) Shareholders Have Legal Options

Contact us to learn more:

Leo Kandinov

(800) 350-6003

lkandinov@robbinsarroyo.com
Shareholder Information Form

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click Here to receive free alerts from Stock Watch when companies engage in wrongdoing.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Leo Kandinov

Robbins Arroyo LLP

5040 Shoreham Place

San Diego, CA 92122

lkandinov@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003

www.robbinsarroyo.com

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Business Wire

 2019 World Sensors Summit Unveiled—Maiden Announcement of Plan for China (Zhengzhou) Intelligent Sensor Valley

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BEIJING–(BUSINESS WIRE)–On the morning of November 9, a grand opening for the 2019 World Sensors Summit (WSS) landed on Zhengzhou International Convention Centre. Guided by Ministry of Industry and Information Technology of the People’s Republic of China and the China Association for Science and organized by China Instrument and Control Society and National Zhengzhou Hi-tech Industrial Development Zone, the summit was hosted by the People’s Government of Henan, China Instrument and Control Society, Henan Provincial Development and Reform Commission, Henan Provincial Department of Science and Technology, Henan Provincial Industry and Information Technology Commission, Henan Provincial Foreign Affairs Committee Office, Henan Association for science and technology and the People’s Government of Zhengzhou. Participators included experts from eight countries and regions including China, the US, Japan, Germany, the UK, Italy, South Korea and 12 international organizations, representatives from Siemens, Panasonic, Honeywell, GE, Alibaba, JD.com, Dassault, CNPC and China Academy of Space, and over 300 renowned companies in the sensor industry.

The plan for China (Zhengzhou) Intelligent Sensor Valley has been officially announced. It specifies two goals, firstly to build one hundred billion-worth industrial clusters and sensor towns for establishing the “one valley, multiple sites” industrial space layout, and secondly to create an excellent industry ecological environment and take effective measures to build the cluster.

To build the “three special industrial chains” and “three industrial clusters”, National Zhengzhou Hi-tech Industrial Development Zone will keep improving innovative capabilities by establishing Zhengzhou Intelligent Sensor Institute and a platform that introduces intelligent sensors for promoting technological innovation and facilitating the cooperation for platforms that combine industry, teaching and research. Based on the current resources of national labs and universities, the collaboration between universities and enterprises will be enhanced in building test platforms for generic technology and establishing the Zhengzhou standards and tests and thus promoting industrial development.

To ensure smooth implementation, guarantees in policy, elements and environment are also included in the plan. Combining resources and effective policy design, excellent methods of investment promotion and industrial resources linkage will be taken to ensure the introduction of high-quality projects into or out of China.

APUS, a Chinese unicorn company providing mobile service to 1.4 billion global users, has helped promote WSS2019 via platform built in APUS System and AI powered solution of advertisement distribution.

Contacts

APUS Group

Lynn Wang

info@globalnewsonline.info
010-5668-6973

www.apusapps.com

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Business Wire

Shareholder Alert: Robbins LLP Announces Plantronics, Inc. (PLT) Sued for Misleading Shareholders

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SAN DIEGO & SANTA CRUZ, Calif.–(BUSINESS WIRE)–$PLT–Shareholder rights law firm Robbins LLP announces that a purchaser of Plantronics, Inc. (NYSE: PLT) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between July 2, 2018 and November 5, 2019. Plantronics designs, manufactures, and markets various integrated communications and collaborations solutions for corporations, small businesses, and individuals.

If you suffered a loss as a result of Plantronics’ misconduct, click here.

Plantronics, Inc. (PLT) Accused of Misleading Shareholders

According to the complaint, throughout the relevant period, Plantronics reported increasing net revenues in the hundreds of millions and in August 2019, the Company announced expected revenue between $1.87 and $1.97 billion for fiscal year 2020. However, Plantronics had failed to disclose to investors that the Company had engaged in channel stuffing to artificially boost sales and that the Company lacked internal control over inventory, including an inability to monitor inventory levels ahead of multiple product launches. The adverse impact of these issues became realized on November 5, 2019, when Plantronics disclosed a $65 million reduction in channel inventory “by reducing sales to channel partners” and slashed its fiscal 2020 guidance. On this news, Plantronics’ stock price fell $14.44 per share, nearly 37%, to close at $25.00. The stock has yet to recover.

Plantronics, Inc. (PLT) Shareholders Have Legal Options

Contact us to learn more:

Leo Kandinov

(800) 350-6003

lkandinov@robbinsllp.com
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Leo Kandinov

Robbins LLP

lkandinov@robbinsllp.com
(619) 525-3990 or Toll Free (800) 350-6003

www.robbinsllp.com

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Business Wire

Onset Financial Named a Winner of the Utah Top Workplaces 2019 Award

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DRAPER, Utah–(BUSINESS WIRE)–#equipmentleasing–Onset Financial was just named the 14th Best Place to Work in Utah. The Salt Lake Tribune released the list based on employee feedback gathered through a third-party survey administered by research partner Energage, LLC, a leading provider of technology-based employee engagement tools. The anonymous survey measures several aspects of workplace culture, including alignment, execution, and connection, just to name a few.

“The Top Workplaces award is about much more than recognition and celebration,” said Eric Rubino, CEO of Energage. “Our research also shows that these organizations achieve higher referral rates, lower employee turnover, and double the employee engagement levels. It just goes to show that being intentional about culture delivers bottom-line results.”

Onset Financial dedicates time and effort to provide employees with an environment focused on their needs. As a core value, a healthy company culture is crucial to creating a dominating workplace. Onset Financial holds semiannual employee training, provides unlimited free cereal, distributes a hearty amount of company swag, serves catered lunches every Friday and focuses on employee appreciation.

“It’s exciting to be recognized as a top workplace in Utah, and I’m grateful to the members of our team who have put in the time to make Onset the place to be,” said Justin Nielsen, CEO of Onset Financial. “We are experiencing a record year and we know our employees are the biggest reason for this success.”

Most recently, Onset Financial launched Onset Fit. This program offers trainer-led workouts three times a week to employees during their lunch hour.

About Onset Financial, Inc. – Founded in 2008, Onset Financial, Inc. is the industry leader in equipment leasing and financing. Onset’s seasoned Management Team has decades of equipment leasing experience and key industry relationships that enable Onset to offer additional flexibility in lease structuring. For more information please call 801-878-0600 or visit www.onsetfinancial.com.

Contacts

Debbie Worthen

Onset Financial, Inc.

o: 801.878.0600

f: 801.878.0601

dworthen@onsetfinancial.com
www.onsetfinancial.com
Facebook: https://www.facebook.com/OnsetFinancial
Twitter: https://twitter.com/OnsetFinancial
LinkedIn: https://www.linkedin.com/company/onset-financial

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