The Gross Law Firm Reminds Cambium Networks Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 22, 2024 – CMBM

Core Viewpoint - Cambium Networks Corporation is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business operations and financial health during the class period from May 8, 2023, to January 18, 2024 [2][5]. Group 1: Allegations - The complaint alleges that Cambium Networks had a buildup of inventory in its distribution channels [5]. - It is claimed that the company and its distributors were likely to offer aggressive discounts to reduce high channel inventories [5]. - The company's revenue was expected to decline sequentially until the excess channel inventory was sold through [5]. - Cambium was likely to incur significant charges to write down excess and obsolete inventory [5]. - As a result of these issues, the company's fiscal 2023 revenue and earnings were adversely affected [5]. - The positive statements made by the defendants about the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [5]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is July 22, 2024 [4][6]. - Shareholders who purchased shares of Cambium Networks during the class period are encouraged to contact the Gross Law Firm regarding possible lead plaintiff appointment [4]. - Registration for the class action allows shareholders to be enrolled in a portfolio monitoring software for status updates throughout the case lifecycle [6].