WAYNE, Pa., March 9, 2016 /PRNewswire/ -- Ryan & Maniskas, LLP has commenced an investigation into potential securities law violations by certain officers of Tangoe, Inc. ("Tangoe" or the "Company") (NASDAQ: TNGO).
Tangoe shareholders who purchased shares should contact Richard A. Maniskas, Esquire at 877-316-3218 or at email@example.com to learn more about this investigation or visit: www.rmclasslaw.com/cases/tngo.
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 disclosed that the Company is restating its financial results for the entirety of both 2013 and 2014, as well as for the first three quarters of 2015. Tangoe has since stated that its "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."
On this news, shares of Tangoe have fallen over 9%, to just $7.05 per share post-market on March 8, 2016.
If you own Tangoe shares and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free: (877) 316-3218 or visit: www.rmclasslaw.com/cases/tngo. You may also email Mr. Maniskas at firstname.lastname@example.org. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
SOURCE Ryan & Maniskas, LLP