According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- DZS’ financial statements from March 31, 2023 to the present included certain errors;
- as a result, DZS would need to restate its previously filed quarterly financial statement for the period ending March 31, 2023;
- the Company had ongoing undisclosed issues with its internal controls over financial reporting; and
- 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.
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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