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 Pareteum Corp. (“Pareteum” or “the Company”) (NASDAQ: TEUM) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Pareteum improperly recognized revenue for certain transactions with customers. The Company’s financial statements for fiscal year 2018 and the quarters ending March 31, 2019, and June 30, 2019 were false and not reflective of the Company’s actual performance. 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 Pareteum, investors suffered damages.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
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.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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