The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased SuperCom Ltd. (NASDAQ: SPCB) securities between June 1, 2015 and November 27, 2015.
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (a) SuperCom was having difficulty closing certain sales with certain governments and the revenue associated with those deals would be substantially delayed; and (b) SuperCom’s “new business pipeline” was neither strong nor “broadening” contrary to the Company’s representations.
If you suffered a loss in SuperCom you have until February 8, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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