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Lawsuit for Investors in Pareteum Corporation (NASDAQ: TEUM) announced by Shareholders Foundation

ACCESSWIRE

SAN DIEGO, CA / ACCESSWIRE / February 25, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Pareteum Corporation (TEUM) shares.

Investors, who purchased shares of Pareteum Corporation (TEUM), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Pareteum improperly and inaccurately recognized revenue for certain customer transactions, that Pareteum's financial statements for the fiscal year ending December 31, 2018 and quarters of ending March 31, 2019 and June 30, 2019 were false and could not be relied on, and that 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased Pareteum Corporation (TEUM) shares should contact the Shareholders Foundation, Inc.

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CONTACT:

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

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.



View source version on accesswire.com:
https://www.accesswire.com/577721/Lawsuit-for-Investors-in-Pareteum-Corporation-NASDAQ-TEUM-announced-by-Shareholders-Foundation