Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Tellabs, Inc.    TLAB

Delayed Quote. Delayed  - 12/03 10:00:02 pm
2.44 USD   --.--%
08/31 True Leaf Medicine Announces UK Pet Chain Orders True Hemp(TM) Pr..
08/18 True Leaf Recommends Same System for Supply and Sale of Medical a..
08/11 True Leaf Pet to Launch Two New Hemp-based Products for Pets
SummaryQuotesChartsNewsAnalysisCompany 
News SummaryMost relevantAll newsSector news 

Tellabs, Inc. : Tellabs Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Possible Breaches of Fiduciary Duty

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/14/2013 | 03:50pm CEST

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that the firms are investigating legal claims against the officers and Board of Directors of Tellabs, Inc. ("Tellabs" or "Company") (NasdaqGS: TLAB) related to potential securities violations between October 26, 2010 and April 16, 2011 (the "Class Period").

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In a recently filed federal class action complaint, Tellabs and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that defendants misrepresented and/or failed to disclose that: (a) Tellabs' fourth quarter 2010 revenue guidance factored in a change to a distribution agreement that would not have been recognized until the first quarter of 2011; (b) this shift in revenue recognition masked that Tellabs' business and revenues were declining substantially faster than represented to the public; (c) the Company's American business was slowing at a greater rate than represented to the public; and (d) as a result, the business, operations and prospects lacked a reasonable basis and when the true facts came to light, the shares dropped dramatically.

"Recent revelations about alleged improper business practices and procedures regarding key aspects of Tellabs business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by Tellabs officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Tellabs/TLAB stock for all shareholders," said shareholder rights attorney Patrick Powers.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zachary Groover, 877-728-9607
zach@powerstaylor.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TELLABS, INC.
08/31 True Leaf Medicine Announces UK Pet Chain Orders True Hemp(TM) Product for Al..
08/18 True Leaf Recommends Same System for Supply and Sale of Medical and Recreatio..
08/11 True Leaf Pet to Launch Two New Hemp-based Products for Pets
08/02 True Leaf Establishes European Subsidiary
06/29 START SPREADIN' THE NEWS : True Hemp Dog Chews a Hit in Manhattan
05/17 True Leaf Brings 'True Hemp' Pet Treats to Europe
05/13 True Leaf Closes Private Placement, Converts Debt and Converts Loan
04/29 True Leaf Announces Private Placement
04/21 True Leaf Medicine Announces TRUE HEMP(TM) Dog Chews Pass 6,000 Store Milesto..
03/29 True Leaf Signs with Pet Food Experts to Distribute TRUE HEMP(TM) Dog Chews t..
More news
Sector news : Communications & Networking - NEC
09/28DJApple and Deloitte Form Enterprise Service
09/26DJApple Goes Without a Lobby Into European Fray
09/25DJApple to Battle EU Regulator Without Usual Lobbying Army
09/22DJCISCO : Salesforce Announce Cloud Integration
09/20DJCorrection to GE Talent Story
More sector news : Communications & Networking - NEC
Advertisement
Chart TELLABS, INC.
Duration : Period :
Tellabs, Inc. Technical Analysis Chart | TLAB | US8796641004 | 4-Traders
Full-screen chart
Sector and Competitors
1st jan.Capitalization (M$)
TELLABS, INC.0.00%0
CISCO SYSTEMS, INC.15.93%155 796
QUALCOMM, INC.26.66%91 823
TELEFONAKTIEBOLAGET LM..-28.49%23 001
ALCATEL LUCENT-4.11%13 928
MOTOROLA SOLUTIONS INC11.50%12 663
More Results