NEW YORK–(BUSINESS WIRE)–$TEUM #pareteum—Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, is investigating whether Pareteum Corp. (“Pareteum” or the “Company”) (NASDAQ: TEUM) or certain of its officers and directors violated federal securities laws. If you purchased Pareteum stock, you are encouraged to contact a Scott+Scott attorney at (844) 818-6980 for more information.
On October 21, 2019, after the market closed, Pareteum announced that it would restate its previously issued consolidated financial statements as of and for the full year ended December 31, 2018, and interim periods ended March 31, 2019 and June 30, 2019. According to the Company, “[t]he decision to restate these financial statements is based on the Company’s conclusion that certain revenues recognized during 2018 and 2019 should not have been recorded during that period. For certain customer transactions, the Company may have prematurely or inaccurately recognized revenue.”
What You Can Do
If you purchased Pareteum stock, and you wish to discuss this investigation, please contact attorney Rhiana Swartz at (844) 818-6980, or at firstname.lastname@example.org, or visit the Pareteum investigation page on our website at https://scott-scott.com/investigation/pareteum/.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.