On or around 09/29/2020 (Other)
Filing Date: August 09, 2017
According to the law firm press release, the lawsuit alleges throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) Sequans was improperly recognizing revenue; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
On September 29, 2017, the Court issued an Order consolidating Cases. On February 6, 2018, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed a consolidated amended Complaint on April 9. Defendants filed a Motion to Dismiss the consolidated amended Complaint on November 30. On September 30, 2019, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss. Claims against one of the individual Defendants were dismissed.
On May 7, 2020, the parties entered into a Stipulation of Settlement. The Court issued an Order granting preliminary approval of the Settlement on May 20. On September 28, the Court granted final approval of the Settlement and entered Final Judgment.
Company & Securities Information
Defendant: Sequans Communications S.A.
Ticker Symbol: SQNS
Company Market: New York SE
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
Andrew Renner, et al. v. Sequans Communications S.A., et al.