LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of GTT Communications, Inc. (“GTT” or “the Company”) (NYSE: GTT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. GTT experienced significant delays in integrating Interoute Communications Holdings S.A.’s ("Interoute") systems and legacy processes into the Company’s client management database. Interoute had made selling cloud services a strategic priority, but a considerable percentage of Interoute sales reps were not able to effectively sell GTT’s cloud networking services. In fact, Interoute had allowed underperforming sales reps to remain on staff. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about GTT, investors suffered damages.
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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.
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