San Diego, CA -- (SBWIRE) -- 04/14/2021 -- Sierra Wireless, Inc is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Sierra Wireless, Inc. (NASDAQ: SWIR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Sierra Wireless, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Canada based Sierra Wireless, Inc., together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. On March 23, 2021, Sierra Wireless, Inc announced that the Company "discovered it was the subject of a ransomware attack on its internal IT systems on March 20, 2021." Sierra Wireless, Inc stated that "[a]s a result of the ransomware attack, Sierra Wireless halted production at its manufacturing sites" and that its "website and other internal operations have also been disrupted by the attack." Further, the Company stated that "[d]ue to these disruptions, Sierra Wireless is at this time withdrawing the First Quarter 2021 guidance it provided on February 23, 2021."

Those who purchased shares of Sierra Wireless, Inc. (NASDAQ: SWIR) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.