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NEW YORK, Jan. 19, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of SuperCom Ltd. (“SuperCom” or the “Company”) (Nasdaq:SPCB) between June 1, 2015 and November 27, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired SuperCom securities between June 1, 2015 and November 27, 2015, your rights may be affected by this action.To get more information go to:
http://zlk.9nl.com/supercom-spcb
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (a) SuperCom was having difficulty closing certain sales with certain governments and the revenue associated with those deals would be substantially delayed; and (b) SuperCom’s “new business pipeline” was neither strong nor “broadening” contrary to the Company’s representations.
If you suffered a loss in SuperCom you have until February 8, 2016 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm’s attorneys have 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 E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
