NEW YORK, Nov. 5, 2015 /PRNewswire/ -- Levi & Korsinsky, LLP announces that it has commenced an investigation of Straight Path Communications Inc. ("Straight Path Communications" or the "Company") (NYSE MKT: STRP) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On October 29, 2015, an article entitled "Straight Path Communications Inc.: The Next Generation Of Overblown Spectrum Hype" was published on Seeking Alpha. The article, by hedge fund manager Kerrisdale Capital Management, alleges that Straight Path Communications is worth at least "90% less than its current market cap" due to, among other things: shortcomings in its spectrum, low demand contrasted with high supply, and difficulties of practical mmWave deployments. Shares of Straight Path Communications fell 38.31% to close at $29.35 per share on October 29, 2015. To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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Tel: (212) 363-7500
Toll Free: (877) 363-5972
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