NEW YORK, Aug. 10, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Sequans Communications S.A. ("Sequans" or the "Company") (NYSE: SQNS). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, Ext. 9980.
The investigation concerns whether Sequans and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 1, 2017, Sequans disclosed that the Company's second quarter revenue was negatively affected by a product return from an early 2016 sale related to its tablet business.
On this news, Sequans' American Depositary Receipt price fell $0.67, or 18.21%, to close at $3.01 on August 1, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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 80 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
Robert S. Willoughby
SOURCE Pomerantz LLP