Infinera Corporation (INFN) Stock Lawsuit Investigation
At a glance
What is the Infinera Securities Class Action Lawsuit Investigation about?
Gibbs Law Group is investigating potential legal claims on behalf of Infinera investors.What did Infinera do wrong?
We are investigating whether Infinera has violated federal securities laws by providing false or misleading statements to investors.What do you get out of this?
This potential lawsuit seeks to help Infinera shareholders recover their investment losses.
Lost Money in Infinera?
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Why did Infinera stock drop?
On February 29, 2024, Infinera filed an amended annual financial report which revealed that “as of December 31, 2022, there were material weaknesses in its internal control over financial reporting related to its revenue cycle, inventory cycle, and with respect to these, its internal resources, expertise and policies required to maintain an effective control environment.”
Then, on March 6, 2024, the company announced that its Chief Legal Officer “will no longer serve as an executive officer of the Company.”
Following this news, the stock plunged over 11% on March 7th, 2024, causing harm to investors.
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