LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of Acacia Communications, Inc. (“Acacia” or the “Company”) (NASDAQ: ACIA) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Acacia investigation page on our website at www.glancylaw.com/case/acacia-communications-inc.
On July 14, 2017, the Company disclosed that its second quarter results were “adversely affected by the quality issue identified at one of our three contract manufacturers that we announced on May 31.” According to the Company, the quality issue was likely related to a circuit board cleaning process.
On this news, the Company’s share price fell $2.62 or 6% to close at $39.00 on July 14,2017, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased Acacia 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.