LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Acacia Communications, Inc. (“Acacia” or the “Company”) (Nasdaq: ACIA).
If you purchased or otherwise acquired Acacia shares, and would like more information about the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you.
The investigation focuses on whether Acacia and certain of its officers and/or directors violated federal securities laws. On May 31, 2017, the Company announced that it identified a quality issue affecting a fraction of certain units manufactured “by one of its three contract manufacturers over an approximate four month period.” Acacia cited a circuit board cleaning process as the main cause of this issue and the process was eliminated. On July 14, 2017, the Company disclosed that its second quarter results were adversely affected by the quality issue announced on May 31. Following this news, Acacia’s stock price dropped.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at firstname.lastname@example.org.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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