Case Page

 

Case Status:    DISMISSED    
On or around 06/06/2017 (Court's order of dismissal)

Filing Date: April 06, 2015

According to the law firm press release, the lawsuit alleges that Sonus made false and/or misleading statements and/or failed to disclose that: (1) the Company would be unable to close certain orders in the first quarter of 2015; and (2) the Company was experiencing longer decision cycles from its customers. When the true details entered the market, the suit claims that investors suffered damages.

On September 21, 2015, the Court issued an Order appointing Lead Plaintiff and Lead Counsel.

On April 4, 2016, this case was transferred to the District of Massachusetts.

Lead Plaintiff filed an amended complaint on May 4, 2016.

On June 6, 2017, the Court issued an Order granting Defendants' Motion to Dismiss. This case was closed.

COMPANY INFORMATION:

Sector: Technology
Industry: Communications Equipment
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SONS
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Massachusetts
DOCKET #: 15-CV-02407
JUDGE: Hon. Freda L. Wolfson
DATE FILED: 04/06/2015
CLASS PERIOD START: 10/23/2014
CLASS PERIOD END: 03/24/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm (New Jersey)
    236 Tillou Road, The Rosen Law Firm (New Jersey), NJ 07079
    (973) 313-1887 (973) 833-0399 · lrosen@rosenlegal.com
No Document Title Filing Date
COURT: D. Massachusetts
DOCKET #: 16-CV-10657
JUDGE: Hon. Freda L. Wolfson
DATE FILED: 05/04/2016
CLASS PERIOD START: 10/23/2014
CLASS PERIOD END: 03/24/2015
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Block & Leviton LLP
    155 Federal Street, Suite 1303, Block & Leviton LLP, MA 02110
    (617) 398-5600 (617) 507-6020 ·
  2. The Rosen Law Firm, P.A. (New Los Angeles)
    355 South Grand Ave, Suite 2450, The Rosen Law Firm, P.A. (New Los Angeles), CA 90071
    (213) 785-2610 (213) 226-4684 ·
No Document Title Filing Date