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Sequans Communications S.A. (SQNS)

NYSE:SQNS

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Sequans Communications S.A. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Sequans Communications S.A. (“Sequans” or the “Company”) (NYSE:SQNS) of the October 10, 2017 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Sequans stock or options between April 29, 2016 and July 31, 2017 and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you.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 rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all those who purchased Sequans securities between April 29, 2016 and July 31, 2017 (the “Class Period”).  The case, Renner v. Sequans Communications S.A. et al, No. 17-cv-04665 was filed on August 9, 2017, and has been assigned to Judge Frederic Block.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to appropriately recognize revenue misleadingly enhancing the Company’s financial results. Specifically, on August 1, 2017, Sequans revealed that its revenue in the second quarter of 2017 was negatively affected by a product return from an early 2016 tablet-product sale destined for Wal-Mart. After the announcement, Sequans’s share price fell from $3.68 per share on July 31, 2017 to a closing price of $2.87 on August 2, 2017—a $0.81 or a 22.01% drop.

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Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Sequans Communications S.A. (SQNS)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 08/10/2017

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