NEW
YORK, Aug. 11, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action
lawsuit has commenced on behalf of shareholders of DZS Inc.
(NASDAQ: DZSI).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/dzs-class-action-loss-submission-form/?id=43304&from=4
The lawsuit seeks to recover losses for shareholders who
purchased DZS between March 10, 2023
and May 31, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
August 14, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, DZS Inc. issued materially false
and/or misleading statements and/or failed to disclose that: (1)
DZS' financial statements from March 31,
2023 to the present included certain errors; (2) as a
result, DZS would need to restate its previously filed quarterly
financial statement for the period ending March 31, 2023; (3) the Company had ongoing
undisclosed issues with its internal controls over financial
reporting; and (4) as a result, defendants' statements about its
business, operations, and prospects, were materially false and
misleading and/or lacked a reasonable basis at all relevant
times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
View original
content:https://www.prnewswire.com/news-releases/dzsi-shareholder-alert-jakubowitz-law-reminds-dzs-shareholders-of-a-lead-plaintiff-deadline-of-august-14-2023-301898309.html
SOURCE Jakubowitz Law