BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against Tellabs, Inc. (“Tellabs” or the “Company”) (NASDAQ:TLAB) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between October 26, 2010 and April 26, 2011, regarding Tellabs’ business, operations and prospects were false and misleading.
Tellabs designs, develops and supports telecommunications networking products. Specifically, the investigation relates to Tellabs’ April 26, 2011 announcement of its 2011 fiscal first quarter financial results which reflected weakness in its North American business. On this news, shares of Tellabs declined $0.49 per share, 9.09%, to close on April 26, 2011, at $4.90 per share, on heavy trading volume.
If you purchased Tellabs securities between October 26, 2010 and April 26, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.