Temenos AG

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Temenos AG (OTC: TMSNY) resulting from allegations that Temenos may have issued materially misleading business information to the investing public.

If you purchased Temenos securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Temenos securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On February 15, 2024, Hindenburg Research released a report entitled “Temenos: Major Accounting Irregularities, Failed Products And An Illusive Turnaround.” This report stated, in pertinent part, that Hindenburg’s investigation into Temenos had “uncovered hallmarks of manipulated earnings and major accounting irregularities. This includes evidence of roundtripped revenue, sham partnerships, rampant pulling forward of contract renewals, backdated contracts, excessive capitalization of seemingly non-existent R&D investments, and other classic accounting red flags.”

On this news, the price of Temenos sponsored American Depositary Receipts (“ADRs”) fell by $28.39 per ADR, or 28.19%, to close at $72.30 per ADR on February 15, 2024.

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Company Name: Temenos AG
Stock Symbol: TMSNY
Class Period: N/A
Court: N/A

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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