(ACIA) ALERT: J&W, LLP Reminds Investors of Class Action Filed Against Acacia Communications; Encourages All Investors to Contact the Firm for Additional Information
SAN DIEGO, September 1, 2017, /PRNewswire/ —
Johnson & Weaver, LLP (J&W) reminds investors that a class action case was filed against Acacia Communications, Inc. (NASDAQ: ACIA) (“Acacia”) for purchasers of the stock between August 11, 2016 through July 13, 2017, inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (1) Acacia’s manufacturing and quality control processes were deficient; (2) the foregoing deficiencies were likely to disrupt Acacia’s manufacturing, thereby impacting Acacia’s revenues; and (3) as a result of the foregoing, Acacia’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims the value of Acacia shares declined significantly.
If you purchased shares during the Class Period and suffered a loss in Acacia, you have until October 13, 2017, to request that the Court appoint you as lead plaintiff.
Additionally, if you have held Acacia shares continuously since at least August 11, 2016, you may have standing to hold the Company harmless from damage the officers or directors are alleged to have caused the Company. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing.
If you are interested in learning more about your legal rights and remedies or becoming a lead plaintiff in this case, please contact analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.