CURRENT SHAREHOLDERS: Zamansky LLC Investigates Ribbon Communications (f/k/a Sonus Networks) (RBBN) for Potential Breaches of Fiduciary Duties
NEW YORK –(BUSINESS WIRE)
Zamansky LLC announces that it is investigating Ribbon Communications, Inc. f/k/a Sonus Networks, Inc. (NASDAQ:RBBN) (“Ribbon” or the “Company”) for potential breaches of fiduciary duties by its senior officers and board of directors. If you are a shareholder of Ribbon who still holds your shares, please contact our firm for information.
It has recently emerged from public filings that Ribbon and two of its executives have been charged with providing misleading quarterly revenue projections. The Securities and Exchange Commission found that the Company and two of its executives had violated Section 17(a)(2) of the Securities Act of 1933 and reporting provisions of the Securities Exchange Act of 1934 and assessed penalties of nearly $2 million. According to Jake Zamansky, investment fraud attorney, part of the fiduciary duties owed by Ribbon’s officers and directors to the Company and its shareholders is the obligation to avoid such potentially illegal conduct.
What Ribbon Shareholders Can Do
If you are a current shareholder of Ribbon who still holds your stock, please contact us to review or discuss your legal rights. You may, without obligation or cost to you, email [email protected] or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with experience handling securities, hedge fund, ERISA and other shareholder class action and derivative litigation. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.
Jake Zamansky, 212-742-1414
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