The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Sequans Communications S.A. Investors and Encourages Investors to Contact the Firm

BENSALEM, Pa.--()--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Sequans Communications S.A (“Sequans” or the “Company”) (NYSE: SQNS) securities between April 29, 2016 through July 31, 2017, inclusive (the “Class Period”). Sequans investors have until October 10, 2017 to file a lead plaintiff motion.

Investors suffering losses on their Sequans investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On August 1, 2017, Sequans disclosed that the Company’s second quarter revenue was negatively affected after the Company had to take product back into their inventory from an early 2016 sale related to the tablet business.

On this news, Sequans stock dropped $0.67 per share, or over 18%, to close at $3.01 per share on August 1, 2017.

The complaint filed in this class action alleges that throughout the Class Period, Sequans made false and/or misleading statements and/or failed to disclose that: (1) Sequans was improperly recognizing revenue; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

If you purchased shares of Sequans during the Class Period you may move the Court no later than October 10, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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Release Summary

The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Sequans Communications S.A. Investors

Law Offices of Howard G. Smith