NEW YORK, July 25, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City announces it is investigating Acacia Communications, Inc. (NasdaqGS:ACIA)("Acacia" or the "Company") for possible violations of federal securities laws.
The investigation is based on whether Acacia and its executives violated federal securities law by misleading investors by making false and/or misleading statements regarding the Company's business, operational and compliance policies.
On May 31, 2017, the Company announced that it identified a quality issue affecting a fraction of certain units manufactured "by one of its three contract manufacturers over an approximate four month period." Acacia cited a circuit board cleaning process as the main cause of this issue and the process was eliminated. On July 14, 2017, the Company disclosed that its second quarter results were adversely affected by the quality issue announced on May 31. Following this news, Acacia's stock price dropped.
Mr. Monteverde would like to personally discuss with you how to potentially recover your monetary losses.
Click here for more information: http://monteverdelaw.com/securities/. It is free and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates PC. Prior results do not guarantee a similar outcome with respect to any future matter.
SOURCE Monteverde & Associates PC
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