Recent Security Class Actions

DZS Inc. Common Stock (NASDAQ: DZSI)

Company Name:DZS Inc. Common Stock
Stock Symbol:NASDAQ: DZSI
Class Period Start:08/02/2022
Class Period End (inclusive):06/01/2023
Filing Deadline:08/14/2023

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) DZS’ financial statements from March 31, 2023 to the present contained certain errors; (2) as a result, DZS would need to restate its previously filed quarterly financial statement for the period ending March 31, 2023; (3) the Company had ongoing undisclosed issues with its internal controls over financial reporting; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.