INVESTOR ALERT: Kirby McInerney LLP Continues Investigation of Shareholder Claims Against ADTRAN, Inc.

NEW YORK--()--The law firm of Kirby McInerney LLP is investigating potential claims against ADTRAN, Inc. (“ADTRAN” or the “Company”) (NASDAQ: ADTN). This investigation concerns whether ADTRAN has violated federal securities laws and/or engaged in other unlawful business practices.

On July 17, 2019, ADTRAN announced “preliminary” earnings for the second quarter of 2019 due to the Company’s assessment of its current and previously reported E&O reserves. On this news, the Company’s share price fell $3.69 per share, or 23.3%, to close at $12.13 on July 18, 2019.

On August 12, 2019, ADTRAN disclosed its inability to timely file its quarterly financial report with the SEC, admitting to material weaknesses in its internal controls, resulting in a misstatement of the Company’s previously reported E&O reserves.

If you acquired ADTRAN securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Kirby McInerney LLP
Thomas W. Elrod, Esq., (212) 371-6600
investigations@kmllp.com
www.kmllp.com

$Cashtags

Social Media Profiles

Contacts

Kirby McInerney LLP
Thomas W. Elrod, Esq., (212) 371-6600
investigations@kmllp.com
www.kmllp.com