April 23, 2013
/PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of
on behalf of investors who purchased Tangoe, Inc. ("Tangoe" or the "Company") (NasdaqGS: TNGO) stock between
December 20, 2011
September 5, 2012
(the "Class Period").
For more information, click here:
The complaint alleges that defendants overstated the Company's organic growth by underreporting the percentage of revenue that was derived from recent acquisitions. On
August 28, 2012
a report on thestreetsweeper.org suggested that the Company maintained a "risky acquisition-driven growth strategy." Then on
September 6, 2012
a report by Copperfield Research concluded that the Company had materially misrepresented its organic growth rate; upon this news the value of Tangoe shares declined significantly.
If you suffered a loss in Tangoe you have until
April 30, 2013
to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact
Joseph E. Levi, Esq.
either via email at
or by telephone at (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510