Infinera
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On February 29, 2024, Infinera revealed in a statement that, as of December 31, 2022, the company identified significant weaknesses in its internal controls over financial reporting, specifically within its revenue and inventory cycles. These weaknesses were attributed to deficiencies in internal resources, expertise, and policies necessary to sustain an effective control environment. Consequently, Infinera admitted that its internal control over financial reporting was ineffective as of December 31, 2022, remains ineffective, and that the identified material weaknesses had not been remedied as of the filing date of this amendment. Following the disclosure of this information, there was a decline in the company’s stock price.
