LOS ANGELES, Sept. 09, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against GTT Communications, Inc. (“GTT” or “the Company”) (NYSE: GTT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between February 26, 2018 and July 1, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before September 30, 2019.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. GTT experienced significant delays in integrating Interoute Communications Holdings S.A.’s ("Interoute") systems and legacy processes into the Company’s client management database. Interoute had made selling cloud services a strategic priority, but a considerable percentage of Interoute sales reps were not able to effectively sell GTT’s cloud networking services. In fact, Interoute had allowed underperforming sales reps to remain on staff. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about GTT, investors suffered damages.
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