Wolf Popper LLP Announces Investigation of Fraud Claims on Behalf of Investors in Tangoe, Inc.

09 Mar, 2016, 09:15 ET from Wolf Popper LLP

NEW YORK, March 9, 2016 /PRNewswire/ -- Wolf Popper LLP is investigating potential securities fraud claims on behalf of investors in Tangoe, Inc. securities (NASDAQ: TNGO), resulting from Tangoe's admission that it had issued materially misstated financial statements to investors from May 10, 2013 through March 7, 2016.  Tangoe investors can contact Fei-Lu Qian at 877.370.7703 or fqian@wolfpopper.com for more information.

On March 7, 2016, after the market closed, Tangoe announced that it will restate its financial statements for the years 2013 and 2014, all the interim quarters, and the first three quarters of 2015, due to errors related to "its revenue recognition policies for several categories of revenue" in order to "better assure that revenue is recognized only when it is fixed or determinable, and when it is consistent with a variety of contract terms."

On this disclosure, Tangoe common stock declined nearly 10% on intraday trading on March 8, 2016.

Wolf Popper LLP has extensive experience representing shareholders in securities class actions and has successfully recovered billions of dollars for defrauded investors.  The reputation and expertise of the firm in representing shareholders has been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation.  See www.wolfpopper.com

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

Wolf Popper LLP Fei-Lu Qian 845 Third Avenue New York, NY 10022 Tel.: 877.370.7703 Fax: 877.370.7704 Email: fqian@wolfpopper.com

 

SOURCE Wolf Popper LLP



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