SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Tangoe, Inc. - TNGO

07 Mar, 2016, 21:25 ET from Pomerantz LLP

NEW YORK, March 7, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Tangoe, Inc. ("Tangoe" or the "Company") (NASDAQ:   TNGO).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Tangoe and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On March 7, 2016, post-market, Tangoe announced that the company is restating its financial and operating results for 2013, 2014, and the first three quarters of 2015, and that the company does not expect to timely file its 2015 annual report on March 15, 2016.  The company stated that, "[t]he decision to restate these financial statements is based on the Company's conclusion that it made errors in recognizing revenue, primarily from business activities that are ancillary to the Company's core business. A majority of the errors relate to non-recurring revenue. . . . As a result of these corrections, the Company is revising its revenue recognition policies for several categories of revenue."

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

 

SOURCE Pomerantz LLP



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