Company Website:
http://www.johnsonandweaver.com
SAN DIEGO -- (Business Wire)
Shareholder Rights Law Firm Johnson & Weaver, LLP today announced that
it is investigating whether certain officers or directors of SuperCom
Ltd. (NASDAQ: SPCB) violated federal laws.
On November 30, 2015, SuperCom disclosed preliminary 3Q 2015 results for
the period ended September 30, 2015, which missed its revenue target.
The Company also reduced its FY 2015 revenue and earnings guidance. On
this news, the price of SuperCom common stock dropped more than $3 per
share, or 40%, from its close of $7.70 per share on November 27, 2015 to
close at $4.60 per share on November 30, 2015, on unusually heavy
trading volume of more than 3.3 million shares.
If you have information that could assist in this investigation, or if
you are a SuperCom shareholder and are interested in learning more about
the investigation or your legal rights and remedies, please contact Jim
Baker (jimb@johnsonandweaver.com) by
e-mail or by phone at 619-814-4471. If e-mailing, please include a phone
number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151201006923/en/
Contacts:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
Source: Johnson & Weaver, LLP
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