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ShoreTel may have misrepresented its financial condition during its IPO.
Investigation Source (Case #08-cv-00271)
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Investments
- Registration Statement
Product or Service
- Common Stock
Injury Type
- Monetary Loss
Investigation Details
Investigation and pending class action lawsuit against ShoreTel, Inc. for alleged violations of securities laws.
The class action suit alleges ShoreTel in the registration statement for its IPO misrepresented the true state of the company's financial condition.
The class action awsuit alleges that ShoreTel shares were traded at artificially inflated prices due to the ShoreTel's misleading activities.
The class action suit alleges ShoreTel in the registration statement for its IPO misrepresented the true state of the company's financial condition.
The class action awsuit alleges that ShoreTel shares were traded at artificially inflated prices due to the ShoreTel's misleading activities.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| ShoreTel, Inc. (SHOR) | ShoreTel, Inc. provides IP communications systems. |