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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cerence Inc | NASDAQ:CRNC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.36 | 3.83% | 9.75 | 9.39 | 9.75 | 9.71 | 9.405 | 9.50 | 454,292 | 01:00:00 |
NEW YORK, April 8, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Cerence Inc. (NASDAQ: CRNC).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/cerence-inc-loss-submission-form/?id=25681&from=4
The lawsuit seeks to recover losses for shareholders who purchased Cerence Inc. between February 8, 2021 and February 4, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until April 26, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Cerence Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) the global semiconductor shortage had a materially negative impact on demand for Cerence's software licenses; (2) defendants masked the impact of the semiconductor shortage on demand for the Company's software licenses by pulling forward sales; and (3) as a result of the above, defendants' statements about Cerence's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
View original content:https://www.prnewswire.com/news-releases/crnc-shareholder-alert-jakubowitz-law-reminds-cerence-inc-shareholders-of-a-lead-plaintiff-deadline-of-april-26-2022-301520630.html
SOURCE Jakubowitz Law
Copyright 2022 PR Newswire
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