CMBM Investors Have Option to Sue Cambium Networks Corporation for Securities Fraud

LOS ANGELES, June 11, 2024 /PRNewswire/ — Schall Law Firmnational shareholder rights litigation firm, reminds investors of a class action lawsuit against Cambium Networks Corporation (“Cambium” or the “Company”) (NASDAQ: CMBM) for violations of Sections 10(b) and 20(a) of the Securities Exchange Act securities of 1934 and Art 10b-5 announced on its basis by the US Securities and Exchange Commission.

Investors who purchased the Company’s securities on time May 8, 2023 AND January 18, 2024inclusive (“Class Period”), we encourage you to contact the Company in advance July 222024.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact us Brian Schall Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, California 90067 at 310-301-3335 to discuss your rights free of charge. You can also contact us via the company’s website at www.schallfirm.comor by e-mail to (email protected).

In this case, the class has not yet been certified and you are not represented by an attorney until you are certified. If you choose to take no action, you may remain an absent member of the class.

The complaint alleges that the Company made false and misleading statements to the market. Cambium’s distribution channels have suffered due to stockpiling. The company was likely offering aggressive discounts to get rid of excess inventory. The Company’s revenues will decline until excess inventory is sold. The company will likely incur charges for the write-down of excess inventory. Based on these facts, the Company’s public statements were false and materially misleading throughout the audit period. When the market learned the truth about Cambium, investors suffered losses.

Join the cause and recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class actions and shareholder rights disputes.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

Schall Law Firm
Brian Schall, Esq.,
Office: 310-301-3335
(email protected)

SOURCE Schall Law Firm