{"id":72237,"date":"2024-03-17T14:20:06","date_gmt":"2024-03-17T14:20:06","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-comtech-telecommunications-corp-cmtl\/"},"modified":"2024-03-17T14:20:06","modified_gmt":"2024-03-17T14:20:06","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-comtech-telecommunications-corp-cmtl","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-comtech-telecommunications-corp-cmtl\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims\u00a0On Behalf of Investors of Comtech Telecommunications Corp. – CMTL"},"content":{"rendered":"
\n

NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Comtech Telecommunications Corp. (\u201cComtech\u201d or the \u201cCompany\u201d) (NASDAQ: CMTL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com<\/u><\/a>\u00a0or 646-581-9980, ext.\u00a07980.<\/p>\n

The investigation concerns whether Comtech and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0<\/p>\n

[Click here for information about joining the class action]<\/u><\/strong><\/a><\/p>\n

On March 13, 2024, Comtech issued a press release announcing the termination of Ken Peterman as the Company\u2019s President and Chief Executive Officer, effective immediately, citing \u201cconduct unrelated to Comtech\u2019s business strategy, financial results or previously filed financial statements.\u201d Separately, Comtech \u201cannounced that it it plans to release its second quarter fiscal 2024 results after the market closes on Monday, March 18, 2024.\u201d<\/p>\n

Following news of Peterman\u2019s termination, Comtech\u2019s stock price fell $1.57 per share, or 27.26%, to close at $4.19 per share on March 13, 2024.<\/p>\n

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com<\/u><\/a>.<\/p>\n

Attorney advertising. \u00a0Prior results do not guarantee similar outcomes.<\/p>\n

CONTACT:<\/strong><\/p>\n

Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com<\/u><\/a>
<\/a>646-581-9980 ext. 7980<\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Comtech Telecommunications Corp. (\u201cComtech\u201d or the \u201cCompany\u201d) (NASDAQ: CMTL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com\u00a0or 646-581-9980, ext.\u00a07980. The investigation concerns whether Comtech and certain of its officers and\/or directors have engaged in securities […]<\/p>\n","protected":false},"author":2,"featured_media":72238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/media\/ZWMxZTA2NjgtNmZlMC00ZTkzLTljMjYtY2FmOGNlZThkNmNhLTEwMjkyMTc=\/tiny\/Pomerantz-LLP.png","fifu_image_alt":"","footnotes":""},"categories":[208],"tags":[],"class_list":["post-72237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t