Energy News / Shareholders Foundation, Inc.

Deadline Upcoming in $2.55 Million Settlement in the Tangoe Inc (NASDAQ:TNGO) Investor Lawsuit

Via: ReleaseWire

Updated 11:30 AM CST, Thu, February 15,2018

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Tangoe Inc (NASDAQ:TNGO) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on February 22, 2018 and NASDAQ:TNGO investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 02/15/2018 -- A deadline is coming up on February 22, 2018 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Tangoe Inc (NASDAQ: TNGO) between May 10, 2013 and June 16, 2017.

Investors who purchased a significant amount of shares of Tangoe Inc (NASDAQ: TNGO) between May 10, 2013 and June 16, 2017, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Tangoe Inc (NASDAQ: TNGO) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/tangoe-inc-nasdaq-tngo-investor-securities-class-action-lawsuit-05242016

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is February 22, 2018. The class action administrator for this case is Strategic Claims Services.

The lawsuit was originally filed in the U.S. District Court for the District of New Jersey over alleged violations of Federal Securities Laws by Tangoe Inc connection with certain allegedly false and misleading statements made between March 18, 2014 through March 7, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Tangoe Inc (NASDAQ: TNGO) common shares between March 18, 2014 through March 7, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 18, 2014 through March 7, 2016 the defendants issued certain allegedly false and misleading statements to investors and/or failed to disclose that defendants made errors in recognizing Tangoe Inc's revenue, that Tangoe Inc's financial results were overstated, and that as a result, statements about Tangoe Inc's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Tangoe Inc (NASDAQ: TNGO) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/deadline-upcoming-in-255-million-settlement-in-the-tangoe-inc-nasdaqtngo-investor-lawsuit-932723.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com