ADTRAN (ADTN) Prnewswire·2025-05-20 13:00Core Viewpoint - ADTRAN Holdings, Inc. is under investigation for potential securities fraud and unlawful business practices following the disclosure of issues with its financial statements [1][2]. Financial Disclosure - On May 13, 2025, ADTRAN announced that its audited consolidated financial statements for Fiscal 2024 and Fiscal 2023, as well as unaudited interim financial statements for specific periods in 2024, should no longer be relied upon and would be restated [2]. - The company identified at least one additional material weakness in its internal control over financial reporting as of December 31, 2024 [2]. Stock Market Reaction - Following the announcement of the financial statement issues, ADTRAN's stock price decreased by 8.15 per share on May 14, 2025 [2]. Legal Context - Pomerantz LLP is investigating claims on behalf of ADTRAN investors, indicating potential legal actions related to the company's financial disclosures [1].