LOS
ANGELES, July 16, 2024 /PRNewswire/ -- The DJS
Law Group reminds investors of a class action lawsuit against
Cambium Networks Corporation ("Cambium" or "the Company")
(NASDAQ:CMBM) 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.
Shareholders who purchased shares of CMBM during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointments. Appointment as lead plaintiff is not
required to partake in any recovery.
CLASS PERIOD: May 8, 2023
to January 18, 2024
DEADLINE: July 22, 2024
CASE DETAILS: The investigation focuses on whether the
Company made false and misleading statements to the market.
Cambium's distribution channels suffered from a buildup of
inventory. The Company was likely to offer aggressive discounts to
clear out the excess inventory. The Company's revenue would decline
until the excess inventory was sold off. The Company was likely to
incur charges to writedown excess inventory. 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 Cambium, investors suffered damages.
If you are a shareholder who suffered a loss, please contact
David Schwartz, Esq., at
914-206-9742, or by email at David@djslawllp.com
WHY DJS LAW GROUP? DJS Law Group's primary focus is to
enhance investor return through balanced counseling and aggressive
advocacy. We specialize in securities class actions, corporate
governance litigation, and domestic/international M&A
appraisals. Our clients are some of the largest and most
sophisticated hedge funds and alternative asset managers in the
world. The litigation claims of our clients are extraordinarily
valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
CONTACT:
David J.
Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
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SOURCE DJS Law Group LLP
