According to the lawsuit, during the Class Period, defendants made materially false and misleading statements and/or failed to disclose to investors that:
- it would take much longer than defendants had represented to investors and analysts for Terran to convert its contracts with its customers (collectively, “Customer Contracts”) into revenue and free cash flow;
- Terran did not have adequate liquidity to operate its business while waiting for the Customer Contracts to generate revenue and free cash flow;
- Terran had concealed the true scope and severity of its dire financial situation; and
- as a result of the foregoing, Terran’s public statements were materially false and misleading 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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