LOS ANGELES, Calif./ACCESSWIRE/March 17, 2022/ Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Cerence Inc. (“Cerence” or “the Company”) NRC for violation of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 8, 2021 and February 4, 2022 inclusive (the “Class Period”) are invited to contact the Company before April 26, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, 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 [email protected]
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 do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Cerence suffered from a significant drop in demand for its software licenses due to the continued shortage of semiconductors. The Company has masked the impact on its sales by advancing sales in future periods. 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 Cerence, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethical requirements.
Schall law firm
Brian Schall, Esq.,
THE SOURCE: Schall law firm
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