NEW YORK, March 15, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Tangoe, Inc. ("Tangoe" or the "Company") (NASDAQ: TNGO).
The investigation focuses on whether the Company and its executives violated federal securities laws by releasing misleading financial statements. Specifically, on March 7, 2016, Tangoe announced that its financial statements for the fiscal years 2013 and 2014, as well as the first three quarters of 2015, could no longer be relied upon.
After the announcement, Company's share price fell $1.80 from a closing price of $7.12 per share on March 7, 2016 to close at $5.32 per share on March 8, 2016—a 25.3% drop.
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If you invested in Tangoe stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/TNGO. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Tangoe's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
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Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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