SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ADTRAN, Inc. – ADTN

NEW YORK, NY / ACCESSWIRE / April 23, 2015 / Pomerantz LLP is investigating claims on behalf of investors of ADTRAN, Inc. (“ADTRAN” or the “Company”) (NASDAQ: ADTN). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether ADTRAN and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On April 21, 2015, the Company announced in a Securities and Exchange Commission (“SEC”) filing its financial results for the fiscal quarter ended March 31, 2015 and certain other information. Accordingly, the Company reported lower than expected earnings for Q1 2015, attributed to both European currency fluctuations and also to the cancellation of the large Tier 1 project that was slated to commence late in Q1 2015.

On this news, shares of ADTRAN fell $1.92 per share, to $16.61, or more than 10.36%, on April 22, 2015.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP 

ReleaseID: 428169