Tuesday, September 20, 2011

Sequans Targeted by Shareholder Lawsuit

Sequans Communications was named in a class action lawsuit filed by Holzer Holzer & Fistel, LLC. The lawsuit alleges that Sequans knew but failed to disclose that it was facing declining revenues from its WiMax products. The lawsuit further alleges, among other things, that Sequans materially overstated its position with regard to 4G LTE products. http://www.holzerlaw.com

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