Levi & Korsinsky notifies Cambium

NEW YORK, July 2, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Cambium Network Corporation (“Cambium Networks” or the “Company”) (NASDAQ: CMBM) securities class action lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Cambium Networks investors who were adversely affected by the alleged securities fraud between May 8, 2023 and January 18, 2024. Click the link below for more information and to contact a member of our team:

CBMs Investors may also contact Joseph E. Levi, Esq. by email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The complaint filed alleges that Defendants made false statements and/or concealed that: (1) inventory buildup occurred in the Company’s distribution channels; (2) the Company and its distributors were likely to offer aggressive discounts to reduce high channel inventories; (3) the Company’s revenues would decline sequentially until the excess inventory in the channels was sold; (4) Cambium was likely to incur significant costs to write off excess and obsolete inventory; (5) as a result of the foregoing, the Company’s revenues and earnings in fiscal 2023 would be adversely affected; and (6) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.

WHAT’S NEXT? If you have suffered a loss in Cambium Networks during the relevant period, you have until July 22, 2024 to ask the Court to appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as lead plaintiff.

FREE: If you are a class member, you may be entitled to compensation without having to pay any costs or out-of-pocket fees. Participation in the program is free and involves no obligations.

WHY LEVI & KORSINSKY: For the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for injured shareholders and has built a history of winning high-stakes cases. Our firm has extensive experience representing investors in complex securities disputes and a team of more than 70 attorneys who serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, a partnership
Joseph E. Levi, Attorney at Law
Ed Korsinsky, attorney
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com