An investigation on behalf of current long term investors in Sonim Technologies, Inc. (NASDAQ: SONM) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWire) -- 03/03/2020 --An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Sonim Technologies, Inc..

Investors who are current long term investors in Sonim Technologies, Inc. (NASDAQ: SONM) shares, 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 for investors in NASDAQ: SONM stocks follows a lawsuit filed against Sonim Technologies, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SONM stocks, concerns whether certain Sonim Technologies, directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the defendants failed to disclose to investors that the Company's XP8 was experiencing material software challenges, that these software issues adversely affected how the device's Qualcomm chipset, which supported Band 14 access, connected to AT&T's carrier network configuration, that the Company's XP5 and XP3 devices were experiencing material software defects that adversely affected their optimization with certain accessories, that, as a result, the Company was reasonably likely to delay the launch of new products, that, as a result of the foregoing, the Company's financial results would be materially and adversely impacted, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis

Those who purchased shares of Sonim Technologies, Inc. (NASDAQ: SONM) 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.