Brower Piven Encourages Investors Who Have Losses in Excess of $150,000 From
Investment in Tangoe, Inc. to Inquire About the Lead Plaintiff Position in
Securities Fraud Class Action Lawsuit Before the April 29, 2013 Lead Plaintiff
STEVENSON, Md., March 4, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional
Corporation announces that a class action lawsuit has been commenced in the
United States District Court for the District of Connecticut on behalf of
purchasers of Tangoe, Inc. ("Tangoe" or the "Company") (Nasdaq:TNGO) common
stock during the period between December 20, 2011 and September 5, 2012,
inclusive (the "Class Period").
If you have suffered a net loss from investment in Tangoe, Inc. common stock
purchased on or after December 20, 2011, and held through September 5, 2012,
you may obtain additional information about this lawsuit and your ability to
become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by
email at email@example.com, by calling 410/415-6616, or at Brower Piven,
A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
class action cases of over 60 years.
No class has yet been certified in the above action.Members of the Class will
be represented by the lead plaintiff and counsel chosen by the lead
plaintiff.If you wish to choose counsel to represent you and the Class, you
must apply to be appointed lead plaintiff no later than April 29, 2013 and be
selected by the Court.The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a settlement
and how much of a settlement to accept for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the largest loss
from investment in the Company during the Class Period.
The complaint accuses the defendants of violations of the Securities Exchange
Act of 1934 by virtue of the defendants' failure to disclose during the Class
Period that the Company was overstating its organic growth by underreporting
the percentage of revenue that was derived from recent acquisitions.According
to the Complaint, following an August 28, 2012 report by thestreetsweeper.org
that described the Company as having a "risky acquisition-driven growth
strategy," and a September 6, 2012 report by Copperfield Research that
concluded that the Company had materially misrepresented its organic growth
rate, the value of Tangoe shares declined significantly.
If you choose to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your choice.You
need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
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