LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
Tokyo Electric Power Attracts Major Investors Amid Billion-Dollar Restructuring Push 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
WILMINGTON, Del., Jan. 22, 2016 -- Rigrodsky & Long, P.A.:
- Do you, or did you, own shares of Ooma Inc. (NYSE:OOMA)?
- Did you lose money in your investment?
Rigrodsky & Long, P.A. announces that a complaint (the “Complaint”) has been filed in the Superior Court of the State of California on behalf of all persons or entities that purchased the common stock of Ooma Inc. (“Ooma” or the “Company”) (NYSE:OOMA) pursuant to the July 2015 initial public offering (“IPO”) of the Company’s stock.
The Complaint alleges that Ooma failed to disclose certain material information in the Registration Statement issued in connection with the IPO. Specifically, it is alleged that Ooma failed to disclose that certain large prior fiscal year sales to its largest outside reseller were not recurring; that the rate of customer terminations and failures to renew had increased significantly due to significant service outages in the Spring of 2015; and that technological issues in the Company’s lead generation business caused leads to get lost before they reached their intended targets.
As a consequence of these adverse factors, Ooma’s stock lost approximately half its value since the IPO, trading at approximately $6.50 per share, compared to its IPO price of $13 per share.
If you suffered a loss in Ooma and would like to obtain additional information, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail at [email protected]; or at http://rigrodskylong.com/investigations/ooma-inc-ooma/.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT: Rigrodsky & Long, P.A. Timothy J. MacFall, Esquire Peter Allocco (888) 969-4242 (516) 683-3516 Fax: (302) 654-7530 [email protected] http://www.rigrodskylong.com
