Comtech Telecommunications Investigated for Securities Fraud; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm

Core Viewpoint - Block & Leviton is investigating Comtech Telecommunications Corp. for potential securities law violations, particularly in light of the company's recent financial reporting delays and aggressive accounting practices [1][4][6]. Group 1: Investigation Details - The investigation is prompted by Comtech's announcement on June 10, 2024, regarding further delays in issuing financial results due to efforts to refinance its credit facility [4]. - The company has been noted for using aggressive accounting procedures, including "unbridled receivables," which raises concerns about its financial practices [4]. - Investors who have lost money in Comtech's stock may be eligible to recover their losses through potential legal actions [5][6]. Group 2: Investor Eligibility and Actions - Any investor who purchased Comtech Telecommunications common stock and has experienced a decline in share value may be eligible to participate in the investigation, regardless of whether they have sold their shares [5]. - Block & Leviton encourages investors to contact them for more information on how to recover losses, providing multiple contact methods including email and phone [3][7]. Group 3: Whistleblower Information - Individuals with non-public information about Comtech are encouraged to assist in the investigation or report to the Securities Exchange Commission under the whistleblower program, which offers rewards of up to 30% of any successful recovery [2].