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PARETEUM LOSS ALERT: TOP RANKED ROSEN LAW FIRM Reminds Pareteum Corporation Investors of Important December 23rd Deadline in Securities Class Action

NEW YORK, Dec. 15, 2019 /PRNewswire/ --A Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Pareteum CorporationA from December 14, 2017A through October 21, 2019, inclusive (the "Class Period") of the important December 23, 2019 lead plaintiff deadline in class action. The lawsuit seeks to recover damages for Pareteum investors under the federal securities laws.
PARETEUM LOSS ALERT: TOP RANKED ROSEN LAW FIRM Reminds Pareteum Corporation Investors of Important December 23rd Deadline in Securities Class Action
To join the Pareteum class action, go to https://www.rosenlegal.com/cases-register-1701.htmlA or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.comA or cases@rosenlegal.comA for information on the class action.NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) it was not true that Pareteum's purported success was the result of hyper-demand for Pareteum's unique products or exceptional service, or the Company's competent management; but, in fact, defendants had propped up Pareteum's results by manipulating Pareteum's accounting for revenues, income, and the important Backlog metric; (2) defendants had materially overstated Pareteum's profitability by failing to account properly for the Company's results of operations and by artificially inflating the Company's financial results; (3) it was not true that Pareteum contained even the most minimally adequate systems of internal operational or financial controls necessary to assure that Pareteum's reported financial statements were true, accurate, and/or reliable; (4) it was not true that the Company's financial statements and reports were prepared in accordance with GAAP and SEC rules; and (5) as a result of the aforementioned adverse conditions, defendants lacked any reasonable basis to claim that Pareteum was operating according to plan, or that Pareteum could achieve the guidance sponsored and/or endorsed by defendants. When the true details entered the market, the lawsuit claims that investors suffered damages.
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