The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of GTT Communications, Inc. (“GTT” or “the Company”) (NYSE: GTT) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. GTT filed a Notification of Late Filing with the SEC on August 10, 2020, stating that the Company "is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 (the ‘Form 10-Q') within the prescribed time period without unreasonable effort or expense." GTT’s filing disclosed that, "In the course of closing the Company's books for the quarter ended June 30, 2020, the Company identified certain issues related to the recording and reporting of Cost of Telecommunications Services and related internal controls." Based on this news, shares of GTT fell by more than 11.5% on August 11, 2020.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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