The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
THE ANGEL, January 15, 2021 / PRNewswire / – Schall law firm, a national shareholder rights law firm, has announced that it is filing a class action lawsuit against GTT Communications, Inc. (“GTT” or “the Company”) (NYSE: GTT) for § violations. Section 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and rule 10b-5 published by the US Securities and Exchange Commission.
Investors who have bought the company’s securities between 5th May 2016 and November 9, 2020inclusive (the “Lesson Period”) it is recommended to contact the Company beforehand March, 152021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to get in touch Brian Schall the law firm Schall, 2049 Century Park East, Suite 2460, Los Angeles, California 90067, 310-301-3335 to discuss your rights free of charge. You can also contact us on the company’s website at www.schallfirm.com or by email at [email protected].
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. GTT failed to maintain proper internal controls over the collection and reporting of telecommunications service costs. The company’s previously reported telecommunications costs included unsupported adjustments and were otherwise inaccurate. The company’s failure to maintain internal controls resulted in a delay in the company’s 10-quarter quarterly reports. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about GTT, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class and shareholder disputes.
This press release may be viewed as a solicitor advertisement in some jurisdictions under applicable laws and ethical rules.
SOURCE The law firm Schall