LOS ANGELES--(EON: Enhanced Online News)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against NeoPhotonics Corporation (“NeoPhotonics” or the “Company”) (NYSE: NPTN) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at firstname.lastname@example.org.
The Complaint alleges that NeoPhotonics released the divestiture of its low-speed transceiver business on December 19, 2016. NeoPhotonics then altered its estimate of fourth-quarter earnings from $0.03 to $0.11 per share on revenue of $105 million to $109 million and claimed the drop was due to late shipments from one of NeoPhotonics' new factories. When this news was revealed to the public, NeoPhotonics dropped as much as 19.14%, on December 20, 2016, causing investors harm.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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