DECEMBER 23, 2019 DEADLINE: Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against Pareteum Corp. (TEUM) and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

PHILADELPHIA--()--Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Pareteum Corporation (“Pareteum” or the “Company”) (Nasdaq: TEUM) on behalf of investors who purchased shares of the Company’s common stock between December 14, 2017 and October 21, 2019, inclusive (the “Class Period”).

Pareteum investors who suffered an investment loss in excess of $100,000 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or by email at skaskela@kaskelalaw.com, prior to the deadline to discuss this action and their legal rights and options. Additional information about this action may also be found at http://kaskelalaw.com/case/pareteum-corporation/.

The shareholder class action lawsuit alleges that Pareteum issued a series of materially false and misleading statements to investors during the Class Period.

On October 21, 2019, Pareteum disclosed that it would “restate its previously issued consolidated financial statements as of and for the full year ended December 31, 2018, and interim periods ended March 31, 2019 and June 30, 2019,” and that investors “should no longer rely upon the Company’s previously released financial statements” for those periods. Following this news, shares of the Company’s stock declined nearly 60% in value.

Subsequently, in November 2019 the Company announced that it appointed a new interim CFO to “succeed Ted O’Donnell whose status with the company is under review,” and that “Robert H. Turner has been terminated as Chairman and CEO of Pareteum.”

IMPORTANT DEADLINE: Investors who purchased Pareteum’s common stock during the Class Period may, no later than December 23, 2019, seek to be appointed as a lead plaintiff representative in the action. Pareteum investors are encouraged to contact Kaskela Law LLC to discuss this action and their legal rights and options prior to the deadline.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

Contacts

D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com

Contacts

D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com