SHAREHOLDER ALERT: Gross Law Firm Notifies Telos Corporation Shareholders of Class Action and Lead Plaintiff Deadline of April 8, 2022
NEW YORK, March 16, 2022 /PRNewswire/ — Gross Law Firm Issues the Following Notice to Shareholders of Telos Company.
Shareholders who purchased shares of TLS during the Class Period are encouraged to contact the company regarding the potential appointment of a lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.
CONTACT US HERE:
COURSE PERIOD: November 19, 2020 for November 12, 2021
ALLEGATIONS: The Complaint alleges that during the Class Period, the Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Transportation Security Administration (“TSA”) and the Centers for Medicare and Medicaid Services (“CMS”) contracts, which constituted the majority of the Company’s future revenue, were not on track to commence as depicted in late 2021 and into 2022; (2) the defendants lacked a reasonable basis and sufficient visibility to provide and confirm the company’s guidance for 2021 in the face of uncertainty surrounding the TSA and CMS contracts; (3) headwinds related to COVID-19 and the hacking scandal delayed the timing of execution of the TSA and CMS contracts and their associated revenues; (4) as a result, the advice given by the defendants was in fact not “conservative”; (5) due to the delays, Telos would be forced to significantly reduce its revenue estimates; and (6) as a result of the foregoing, defendants’ statements regarding Telos’ business, operations and prospects were materially false and/or misleading and/or lacked reasonable basis.
DEADLINE: April 8, 2022 Shareholders should not delay in registering for this class action. Submit your information here: https://securitiesclasslaw.com/securities/telos-corporation-loss-submission-form/?id=24699&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who has purchased shares of TLS during the period stated above, you will be enrolled in portfolio tracking software to provide you with status updates throughout the cycle life of the business. The deadline to apply to be a principal applicant is April 8, 2022. There is no cost or obligation for you to participate in this deal.
WHY BRUT CABINET D’AVOCATS? Gross Law Firm is a nationally recognized law firm, and our mission is to protect the rights of all investors who have suffered as a result of deception, fraud, and illegal business practices. Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company has caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.
CONTACT:
The Raw Law Firm
15 West 38th Street, 12th Floor
New York, NY10018
E-mail: [email protected]
Telephone: (646) 453-8903
SOURCE The Raw Law Firm
