TLS EQUITY ALERT: RECOGNIZED INVESTOR COUNSEL ROSEN Encourages Telos Corporation Investors With Losses to Find Counsel Ahead of Important Deadline in Securities Class Action – TLS | 2022-03-06 | Press Releases
New York, New York–(Newsfile Corp. – March 6, 2022) – WHY: New York, NY, March 6, 2022. Rosen Law Firm, a global investor rights law firm, reminds buyers of Telos Corporation (NASDAQ:TLS) securities between November 19, 2020 and November 12, 2021 inclusive (the “Period Group”), of the important April 8, 2022lead applicant deadline.
SO WHAT: If you purchased Telos securities during the Class Period, you may be entitled to compensation without payment of any disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Telos class action, go to https://rosenlegal.com/submit-form/?case_id=3147 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than April 8, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the class period made false and/or misleading statements and/or failed to disclose that: (1) the TSA and CMS contracts, which constituted the majority of Telos’ future revenues , were not on track to start as represented at the end of 2021 and in 2022; (2) defendants lacked a reasonable basis and sufficient visibility to provide and confirm Telos’ 2021 guidance in the face of uncertainty surrounding the TSA and CMS contracts; (3) COVID-19 and headwinds related to the hacking scandal delayed the timing of execution of the TSA and CMS contracts and their associated revenues; (4) as a result, the advice provided 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. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the Telos class action, go to https://rosenlegal.com/submit-form/?case_id=3147 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40and Ground
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115688