INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Telenav, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm
Los Angeles, California--(Newsfile Corp. - July 17, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Telenav, Inc. ("Telenav" or "the Company") (NASDAQ: TNAV) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Telenav disclosed on February 11, 2020, it would it fail to file its quarterly report for the period ending December 31, 2019, in a timely manner. The Company admitted in a Form 12b-25 filed with the SEC that it had "updated its reporting of revenue related to its agreements with Grab Holdings, Inc." resulting in revenue corrections for the quarter ended September 30, 2019 among other changes. Telenav also disclosed "a material weakness in its internal control over financial reporting as of September 30, 2019 and December 31, 2019."
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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The Schall Law Firm
Brian Schall, Esq.
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