BENSALEM, Pa.–(BUSINESS WIRE)–lt;a href="https://twitter.com/search?q=%24TLGT&src=ctag" target="_blank"gt;$TLGTlt;/agt; lt;a href="https://twitter.com/hashtag/classaction?src=hash" target="_blank"gt;#classactionlt;/agt;–Law Offices of Howard G. Smith announces an investigation on behalf of
Teligent, Inc. (“Teligent” or the “Company”) (NASDAQ: TLGT)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
On November 6, 2017, the Company reported $13.7 million revenue for
third quarter 2017, which was a 15.4% decline from third quarter 2016
and a 25.5% quarter-over-quarter decline. The Company attributed these
disappointing results to significant R&D, production, and legal issues
affecting the Company.
On this news, the Company’s share price fell $2.29 per share, more than
43%, to close at $2.96 per share on November 7, 2017, thereby injuring
If you purchased Teligent securities, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected],
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.