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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ADTRAN Holdings, Inc. - ADTN

1. Pomerantz LLP is investigating ADTRAN for potential securities fraud. 2. ADTRAN announced restatement of financial statements from 2023 and 2024. 3. Stock price fell 4.79% after the announcement of financial difficulties. 4. Management identified material weaknesses in internal controls over reporting. 5. Investors are advised to contact Pomerantz for class action participation.

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FAQ

Why Bearish?

The initiation of a securities fraud investigation typically signals a loss of investor confidence, often resulting in stock price declines. ADTRAN's recent significant stock drop supports this bearish outlook.

How important is it?

The ongoing investigation and financial restatement are critical for ADTN, directly affecting investor sentiment and stock volatility.

Why Short Term?

The immediate impact is likely as the investigation progresses, causing volatility. However, if resolved positively, the long-term effects could stabilize or improve the stock.

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ADTN
NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of ADTRAN Holdings, Inc. (“ADTRAN” or the “Company”) (NASDAQ: ADTN).   Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.    The investigation concerns whether ADTRAN and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On May 13, 2025, ADTRAN disclosed in a filing with the U.S. Securities and Exchange Commission that “the Company’s (i) audited consolidated financial statements as of and for the years ended December 31, 2024 (‘Fiscal 2024’) and December 31, 2023 (‘Fiscal 2023’) included in the Company’s Annual Report on Form 10-K filed with the SEC on March 3, 2025 (the ‘2024 Form 10-K’), and (ii) unaudited condensed financial statements as of and for the interim periods ended March 31, 2024, June 30, 2024 and September 30, 2024 (the ‘2024 Interim Periods’) included in the Company’s Quarterly Reports filed with the SEC on May 10, 2024, August 9, 2024, and November 12, 2024, respectively (such 2024 Interim Periods, collectively with Fiscal 2024 and Fiscal 2023, the ‘Non-Reliance Periods’), as well as the relevant portions of any communication which describe or are based on such financial statements, should no longer be relied upon” and would be restated.  ADTRAN stated that “management is evaluating the impact of this matter on its internal control over financial reporting as of December 31, 2024 and has identified at least one additional material weakness.”  On this news, ADTRAN’s stock price fell $0.41 per share, or 4.79%, to close at $8.15 per share on May 14, 2025. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. Attorney advertising.  Prior results do not guarantee similar outcomes.     CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

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