IRVINE, CA / ACCESSWIRE / September 18, 2017 / Khang & Khang LLP (the "Firm") announces a securities class action lawsuit against Sequans Communications S.A. ("Sequans" or the "Company") (NYSE: SQNS). Investors, who purchased or otherwise acquired Sequans shares from April 29, 2016 through July 31, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm before the October 10, 2017 lead plaintiff motion deadline.
If you purchased Sequans shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at firstname.lastname@example.org.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
According to the Complaint, throughout the Class Period, Sequans made false and/or misleading statements, and/or failed to disclose, that it was improperly recognizing revenue, and as a result, its public statements were materially false and misleading at all relevant times. On August 1, 2017, the Company 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. Upon release of this information, Sequans' stock price fell materially, which caused investors harm according to the Complaint.
If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or by e-mail at email@example.com.
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Joon M. Khang, Esq.
SOURCE: Khang & Khang LLP