According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- he global semiconductor shortage had a materially negative impact on demand for Cerence’s software licenses;
- defendants masked the impact of the semiconductor shortage on demand for the Company’s software licenses by pulling forward sales; and
- as a result of the above, defendants’ statements about Cerence’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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