Investigation Into Comtech Telecommunications Corp. (CMTL) Announced by Holzer & Holzer, LLC
Comtech TelecommunicationsComtech Telecommunications(US:CMTL) Newsfilter·2024-06-17 21:15

Core Viewpoint - Holzer & Holzer, LLC is investigating Comtech Telecommunications Corp. for potential non-compliance with federal securities laws following the company's announcement of its inability to file its Quarterly Report on Form 10-Q, which has led to a decline in its stock price [3]. Company Summary - Comtech Telecommunications Corp. announced on June 10, 2024, that it could not file its Quarterly Report for the period ended April 30, 2024, due to ongoing efforts to refinance its Credit Facility and complete quarterly goodwill and going concern reporting considerations [3]. - Following this announcement, the stock price of Comtech Telecommunications experienced a drop [3]. Legal Context - Holzer & Holzer, LLC is a law firm that represents shareholders and investors in litigation, including class action and derivative litigation, and has a history of recovering significant amounts for shareholders affected by corporate misconduct [2].