BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Tangoe, Inc. (“Tangoe” or the “Company”) (NASDAQ: TNGO) concerning the Company and its officers’ possible violations of federal securities laws. Injured investors are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights, and a potential class action lawsuit to recover investors’ losses.
On March 7, 2016, post-market, Tangoe disclosed that the Company is restating its financial results for the entirety of both 2013 and 2014, as well as for the first three quarters of 2015. Tangoe has since stated that its “decision to restate these financial statements is based on the Company's conclusion that it made errors in recognizing revenue, primarily from business activities that are ancillary to the Company's core business.”
On this news, shares of Tangoe fell over 9%, to close at $7.05 per share on March 8, 2016, thereby injuring investors.
If you purchased Tangoe securities, have information or would like to learn more about these claims, 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 e-mail to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.