LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Ooma, Inc. (“Ooma” or the “Company”) (NYSE: OOMA). Investors who purchased or otherwise acquired shares pursuant to the Prospectus issued in connection with the Company’s Initial Public Offering on July 17, 2015, are encouraged to contact the firm.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 708, 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 firstname.lastname@example.org.
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 failed to disclose that: (1) past fiscal year sales to its largest outside reseller were not recurring; and (2) that the company’s customer churn rate had increased significantly as a consequence of customers having to endure eight-hour service outages in April and May 2015.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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