Kendall Law Group Plans Class Action on Behalf of CommScope, Inc. Shareholders
DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ] announced today that it plans to join a lawsuit on behalf of shareholders of CommScope, Inc. (NYSE:CTV) alleging securities violations by the company and certain of its officers for violations of the federal securities laws in connection to their public statements affecting stock purchased between April 29, 2008 and October 30, 2008. Shareholders seeking to learn more about your rights or anyone with information concerning this action are encouraged to contact attorney Scott Kendall at 877-744-3728 or [ skendall@kendalllawgroup.com ].
Any shareholder who purchased CTV stock during this time period may move the Court to serve as a plaintiff in this class action. If you wish to serve as lead plaintiff, you must move the Court for appointment by July 12, 2010. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff.
On October 30, 2008, CommScope announced financial results for the third quarter of 2008, reducing outlook for the fourth quarter and full year 2008. After this announcement, stock prices fell 27%, to close at $14.71 on October 31, 2008. A class action complaint has been filed with the Western District of North Carolina alleging that CommScope violated the securities laws when they failed to disclose to investors that the demand for its cabinet and apparatus products by certain telecommunication service providers was weakening and that distributors were working off existing inventory rather than re-stocking their products. Based on this, CommScope mislead investors concerning the Companya�s true financial condition and prospects.
Kendall Law Group, led by former federal judge and former U.S. Attorney, is a national securities firm that represents shareholders when publicly traded companies violate the law. The firm has the credentials and experience to pursue any type of complex securities litigation in the nation. Shareholders who purchased CTV common stock during the relevant period may have a claim against the company and are urged to contact attorney Scott Kendall for more information: