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CommScope Inc (NYSE: CTV) Investor Securities Class Action Lawsuit 05/12/2010

  • If you purchased shares of CommScope Inc (NYSE: CTV), you might have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
CommScope, Inc.
Security
NYSE: CTV

Case Name
CommScope Shareholder Class Action Lawsuit 05/12/2010
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Western District of North Carolina

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

August 6, 2013 - The court granted the defendants' motion to dismiss and issued a judgment dismissing the case.
December 23, 2010 - The defendants filed a motion to dismiss.

October 29, 2010 - The lead plaintiff filed an amended complaint.

August 30, 2010 - The lead plaintiff and lead counsel were appointed.

July 12, 2010 - A lead plaintiff motion was filed.

May 12, 2010 - An investor in shares of CommScope Inc (NYSE: CTV) filed a lawsuit in the U.S. District Court for the Western District of North Carolina against CommScope Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between April 29, 2008 and October 30, 2008.

According to the complaint the plaintiff alleges that CommScope Inc and certain of its officers and executives violated the Securities Exchange Act of 1934 by failing between April 29, 2008 and October 30, 2008, to disclose material adverse facts about its true financial condition, business and prospects. Then on October 30, 2008, CommScope Inc announced its financial results for the third quarter of 2008, the period ended September 30, 2008. In response to the earnings announcement and CommScope Inc’s reduced outlook for the fourth quarter and full year 2008, on October 31, 2008, shares CommScope Inc (NYSE: CTV) fell $5.48 per share, or 27%, to close at $14.71 per share. Shares of CommScope Inc traded recently at $30.19 per share, down from its 52weekHigh of $34.95 per share, over $55 per share in June 2008, and over $60 per share in 07.

CommScope Inc, located in Hickory, NC, along with its subsidiaries, is a provider of infrastructure solutions for communication networks. CommScope Inc reported in 2007 Total Revenue of $1.93076billion, in 2008 $4.01656billion, and in 2009 $3.02486billion.