10:36:09 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



SuperCom Alert: Shareholder Rights Law Firm Johnson & Weaver, LLP Commences an Investigation of Certain Officers and Directors of SuperCom Ltd.; Investors Encouraged to Contact the Firm

2015-12-01 20:23 ET - News Release


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.

Contacts:

Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

Source: Johnson & Weaver, LLP

© 2024 Canjex Publishing Ltd. All rights reserved.