OKLAHOMA CITY--(BUSINESS WIRE)--Federman & Sherwood announces that on October 7, 2019, a class action lawsuit was filed in the United States District Court for the Northern District of California against Sonim Technologies, Inc. (NASDAQ: SONM). The complaint alleges violations of federal securities laws, Sections 11 and 15 of the Securities Exchange Act of 1933, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s May 2019 initial public offering.
To learn how to participate in this action, please visit https://www.federmanlaw.com/blog/federman-sherwood-announces-the-filing-of-a-securities-class-action-lawsuit-against-sonim-technologies-inc/
Plaintiff seeks to recover damages on behalf of all Sonim Technologies, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Friday, December 6, 2019 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact: