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ShoreTel Inc. | Company Ticker: SHOR
Date Filed: January 16, 2008
Court: U.S. District Court
Location: Northern District of California
Hagens Berman Sobol Shapiro filed a proposed class-action lawsuit against ShoreTel, Inc. for alleged violations of securities laws. The suit alleges defendants failed to conduct an adequate due diligence investigation into the company prior to the IPO and failed to reveal that the company was not operating according to plan or as reported in registration statements sent to the SEC.
The lawsuit alleges that company shares were traded at artificially inflated prices due to the company's misleading activities.
If you are an investor in ShoreTel and purchased stock on or after the company's IPO on July 3, 2007, you can contact attorneys at (510) 725-3000 for more information on the case.
