BENSALEM, Pa. -- (Business Wire)
Law Offices of Howard G. Smith announces that investors of Tellabs, Inc.
(“Tellabs” or the “Company”) (NASDAQ:TLAB) have until March 25, 2013 to
move the Court to serve as lead plaintiff in the securities fraud class
action lawsuit filed in the United States District Court for the
Northern District of Illinois on behalf of a class (the “Class”)
comprising all purchasers of the securities of Tellabs between October
26, 2010 and April 26, 2011, inclusive (the “Class Period”). Tellabs
designs, develops and supports telecommunications networking products
for communication service providers in the United States and
The Complaint alleges that throughout the Class Period the defendants
made false and misleading statements and/or failed to disclose material
adverse facts about Tellabs’ business, operations and prospects.
Specifically, defendants misrepresented and/or failed to disclose that:
(a) in the fourth quarter of 2010, the Company was changing its
distribution arrangement with a customer; (b) this change to the
distribution arrangement masked that Tellabs’ business was declining
substantially faster than the Company had represented to the public; (c)
the Company's North American business was slowing at a greater rate than
the Company had represented to the public; and (d) as a result of the
above, the defendants’ positive statements about the Company's business,
operations and prospects lacked a reasonable basis.
If you are a member of the Class described above, you have certain
rights, and have until March 25, 2013 to move for lead plaintiff status.
To be a member of the class you need not take any action at this time,
or may retain counsel of your choice. If you wish to discuss this action
or learn more concerning your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
Source: Law Offices of Howard G. Smith
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