Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Sequans Communications S.A.G (NYSE:SQNS) resulting from allegations that Sequans may have issued materially misleading business information to the investing public.
On August 1, 2017, Sequans revealed that its revenue in the second quarter was negatively affected by a product return from an early 2016 sale related to the tablet business. On this news, shares of Sequans fell $0.67 per share or over 18% to close at $3.01 per share on August 1, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Sequans investors. If you purchased shares of Sequans on or before July 31, 2017, please visit the firm’s website at http://www.rosenlegal.com/cases-1178.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170801006761/en/
Contacts:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin
Chan, Esq.
275 Madison Avenue, 34th Floor
New York,
NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax:
212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com