Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating
potential violations of federal securities laws by Comverse, Inc.
(NASDAQ: CNSI) and certain of its officers. Comverse provides telecom
business enablement solutions for communication service providers.
Specifically, Johnson & Weaver’s investigation seeks to determine
whether shareholders were misled by certain statements the Company made
regarding its business outlook and expected bookings.
On April 15, 2014, before the markets opened, Comverse reported fourth
quarter and full year revenues and earnings for 2013. The Company
reported a year-over-year revenue decrease to $166.5 million from $183.5
million. On the news, Comverse stock closed down 19% on April 15, 2014
If you are a Comverse shareholder and are interested in learning more
about the investigation or your legal rights and remedies, please
contact Jim Baker ([email protected])
at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California and New York. 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.
Copyright Business Wire 2014