Philadelphia, Pennsylvania--(Newsfile Corp. - December 3, 2024) - Grabar Law Office is investigating whether certain officers and directors of DZS, Inc. (OTC Pink: DZSI) breached the fiduciary duties they owed to the company.
If you have held DZS shares since before March 10, 2023, you are encouraged to visit https://grabarlaw.com/the-latest/dzs-shareholder-investigation/ or contact Joshua Grabar at jgrabar@grabarlaw.com to learn more.
Why? An underlying class action complaint alleges that DZS (OTC Pink: DZSI), through certain of its officers and directors, made false and/or misleading statements and/or failed to disclose, among other things, that: (1) DZS' financial statements contained certain errors; (2) as a result, DZS would need to restate its previously filed quarterly financial statement for the period ending March 31, 2023; (3) the Company had ongoing undisclosed issues with its internal controls over financial reporting; and (4) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
What Can You Do Now? Current DZS shareholders who have continuously held DZS shares since prior to March 10, 2023, can seek corporate reforms, the return of funds back to company coffers, and a court approved incentive award at no cost to them.
If you would like to learn more about this matter at no cost to you, you are encouraged to Visit https://grabarlaw.com/the-latest/dzs-shareholder-investigation/, or contact Joshua H. Grabar at jgrabar@grabarlaw.com or Mia R. Heller at mheller@grabarlaw.com, or call 267-507-6085.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232305
