By Business Wire, March 13, 2013, 06:30:00 PM EDT
LOS ANGELES--(BUSINESS WIRE)--
The Law Offices of Todd M. Garber announces that it is investigating
potential claims against Tellabs, Inc. ("Tellabs" or the "Company")
(NASDAQ:TLAB) concerning possible violations of federal securities laws.
The investigation focuses on allegations that certain statements issued
by Tellabs between October 26, 2010 and April 26, 2011 were false and
misleading concerning the Company's business, operations, and financial
Tellabs designs, develops, and supports telecommunications networking
products for communication service providers in the United States and
internationally. The investigation is related to allegations that the
Company misrepresented or failed to disclose that: (a) in the fourth
quarter of 2010, the Company was changing its distribution arrangement
with a customer; (b) this change to the distribution arrangement masked
that Tellabs' business was declining substantially faster than the
Company had represented to the public; (c) the Company's North American
business was slowing at a greater rate than the Company had represented
to the public; and (d) as a result of the above, the defendants'
positive statements about the Company's business, operations, and
prospects lacked a reasonable basis.
If you purchased Tellabs securities between October 26, 2010 and April
26, 2011, if you have information or would like to learn more about
these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Todd M. Garber, Esquire, of the
Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Source: The Law Offices of Todd M. Garber