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 & Securities Information
Defendant: Sonus Networks, Inc.
Industry: Communications Equipment
Headquarters: United States
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.
First Identified Complaint
Ming Huang, et al. v. Sonus Networks, Inc., et al.