LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that it has filed a class action lawsuit against Straight Path Communications Inc. (“Straight Path” or the “Company”) (NYSE MKT: STRP). Investors who purchased or otherwise acquired shares between October 29, 2015 and November 5, 2015, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the January 12, 2016, lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.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, on October 29, 2015, Kerrisdale Capital Management issued a report on Straight Path asserting that Straight Path is worth at least “90% less than its current market cap” due to, among other things: (1) shortcomings in its spectrum; (2) low demand in light of high supply, and (3) difficulties of practical mmWave deployments.
If you have any questions concerning your legal rights in this case, please immediately contact Goldberg Law PC at 800-977-7401, via email at info@goldberglawpc.com, or visit our website at Goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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