Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in Fusion Connect, Inc. (NASDAQ:FSNN) in connection to alleged violations of securities laws by FSNN. Fitapelli Kurta is interested in hearing from investors who have complaints regarding investments made in Fusion Connect, Inc. between April 14, 2018, and April 2, 2019.
The class action complaint specifically alleges that during the period in question, FSNN provided false and/or misleading material information and/or failed to disclose adverse material information to the public, chiefly: that the company overstated its earnings for the 2018 quarters closing on June 30 and September 30; that these overstatements resulted from a flaw in the process some of its Birch Communications Holdings subsidiaries used to capitalize costs; and that consequently the company’s statements to the public during the relevant period were false and misleading. The complaint alleges that when true facts emerged, investors suffered losses.
According to the company’s website, is a cloud technology company that “delivers a comprehensive suite of innovative, yet proven cloud solutions to businesses of all sizes.” According to that description, its cloud platform provides companies with “cloud communications, cloud connectivity, cloud computing and additional cloud services such as storage and security.” The company is headquartered in New York, New York, and trades on the Nasdaq exchange under the symbol FSNN.