|Company name||GTT Communications, Inc.|
NEW YORK, October 4, 2019 – Bragar Eagel & Squire is investigating certain officers and directors of GTT Communications, Inc. (NYSE: GTT) following a class action complaint that was filed against GTT on July 30, 2019.
The complaint alleges that during the class period, defendants issued a series of false and/or misleading statements and failed to disclose material adverse facts about GTT’s business, operations, and prospects, and the Interoute acquisition specifically. Among other things, Defendants failed to disclose that: (1) there were delays in migrating Interoute’s legacy systems and processes into GTT’s client management database system; (2) Interoute had made a strategic shift to focus on providing cloud services that deviated from GTT’s core cloud networking business; (3) Interoute’s sales force was underperforming and ineffective at selling GTT’s core cloud networking services; and (4) as a result, defendants’ public statements were materially false and/or misleading and/or lacked a reasonable basis.
If you are a long-term stockholder of GTT securities, have information, 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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.