DEADLINE APPROACHING: Lundin Law PC Announces Securities Class A - Erie News Now | WICU & WSEE in Erie, PA

DEADLINE APPROACHING: Lundin Law PC Announces Securities Class Action Lawsuit against Acacia Communications, Inc. and Encourages Investors with Losses to Contact the Firm

Posted: Updated:

LOS ANGELES, CA / ACCESSWIRE / October 4, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Acacia Communications, Inc. (“Acacia” or the “Company”) (NASDAQ: ACIA) for possible violations of federal securities laws from August 11, 2016 through July 13, 2017, inclusive (the “Class Period”). Investors who purchased or otherwise acquired Acacia shares during the Class Period should contact the firm prior to the October 13, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at

No class has been certified in the above action yet, and until a class is certified, you are not considered to be represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, during the Class Period, Acacia made materially false and/or misleading statements, and/or failed to disclose: that its manufacturing and quality control processes were deficient; that the foregoing deficiencies would likely disrupt the Company’s manufacturing and impact its revenues; and that as a result, Acacia’s public statements were materially false and misleading at all relevant times.

On May 31, 2017, Acacia disclosed that “the Company has identified a quality issue” affecting “a portion” of several thousand modules manufactured by one of Acacia’s three contract manufacturers, citing as the “root cause of this quality issue . . . a circuit board cleaning process that has since been eliminated.” On July 14, 2017, the Company issued a press release announcing that its preliminary financial and operating results for the quarter ended June 30, 2017. Acacia reported profit and revenue that missed estimates, and revised its current-quarter guidance downward. The Company disclosed that its “second-quarter results were adversely affected by the quality issue identified at one of our three contract manufacturers that we announced on May 31.” When this information went public, shares of Acacia fell in value materially, which harmed investors according to the Complaint.

Lundin Law PC was founded by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and rules of ethics.


Lundin Law PC

Brian Lundin, Esq.

Telephone: 888-713-1033

Facsimile: 888-713-1125

SOURCE: Lundin Law PC

ReleaseID: 477111

Information contained on this page is provided by an independent third-party content provider. Frankly and this Station make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact

Powered by Frankly
3514 State St. Erie, PA 16508
Newsroom: (814) 454-8812
Business offices: (814) 454-5201
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
RSS Feeds
All content © Copyright 2000 - 2017 WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 -