Cogent Communications Holdings Securities Fraud Class Action Result of Undisclosed Demand and Backlog Issues and Approximately 29% Stock Decline - Investors May Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC
Kahn Swick & Foti issued a shareholder-solicitation notice regarding a class action lawsuit against Cogent Communications, alleging securities fraud related to undisclosed demand and backlog issues. The complaint claims Cogent misrepresented its optical wavelength backlog and failed to disclose risks regarding the CEO's stock pledging activities and dividend sustainability.
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