IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Teligent, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
LOS ANGELES–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24TLGT&src=ctag” target=”_blank”gt;$TLGTlt;/agt; lt;a href=”https://twitter.com/hashtag/ClassAction?src=hash” target=”_blank”gt;#ClassActionlt;/agt;–The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against Teligent, Inc.
(“Teligent” or “the Company”) (NASDAQ: TLGT)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
Investors who purchased the Company’s shares between May 02, 2017 and
November 7, 2017, inclusive (the “Class Period”), are encouraged to
contact the firm before June 14, 2019.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at brian@schallfirm.com.
The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading
statements to the market. Teligent announced its financial results for
the third quarter of 2017 on November 6, 2017. The Company admitted
numerous issues affecting it, including production and R&D problems
along with legal concerns. The Company’s revenue fell by 25% from the
previous quarter. On this news, Teligent’s share price fell by more than
43% the next day. Based on these facts, the Company’s public statements
were false and materially misleading throughout the class period. When
the market learned the truth about Teligent, investors suffered damages.
Join
the case to recover your losses.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
www.schallfirm.com
Office:
310-301-3335
Cell: 424-303-1964
info@schallfirm.com