Sonim Technologies I

SONM
Real-time BATS EXCHANGE - 09/17 04:00:09 pm
3.335USD
-0.90%

Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Sonim Technologies, Inc.

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09/12/2019 | 01:00 am

The law firm of Kirby McInerney LLP is investigating potential claims against Sonim Technologies, Inc. (“Sonim” or the “Company”) (NASDAQ: SONM). This investigation concerns whether Sonim has violated federal securities laws and/or engaged in other unlawful business practices.

On September 10, 2019, Sonim stated that it expected fiscal 2019 net revenues to be flat or slightly below 2018 net revenues of $135.7 million, citing “significant delays” in the launch of new products as well as software issues related to these new introductions.

On this news, shares of Sonim fell $3.30, or 46.7%, to close at $3.76 on September 10, 2019.

If you acquired Sonim securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Business Wire 2019
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