TMSNY - INVESTOR REMINDER: Faruqi & Faruqi LLP Investigates Claims on Behalf of Investors of Temenos
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Significant Losses In Temenos To Contact Him Directly To Discuss Their Options
New York, New York--(Newsfile Corp. - April 11, 2024) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Temenos AG ("Temenos" or the "Company") (OTC Pink: TMSNY) (OTC Pink: TMNSF).
If you suffered significant losses in Temenos stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/TMNSY.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
On February 15, 2024, Hindenburg Research released a report entitled "Temenos: Major Accounting Irregularities, Failed Products And An Illusive Turnaround." This report stated, in pertinent part, that Hindenburg's investigation into Temenos had "uncovered hallmarks of manipulated earnings and major accounting irregularities. This includes evidence of roundtripped revenue, sham partnerships, rampant pulling forward of contract renewals, backdated contracts, excessive capitalization of seemingly non-existent R&D investments, and other classic accounting red flags."
On this news, the price of Temenos sponsored American Depositary Receipts ("ADRs") fell by $28.39 per ADR, or 28.19%, to close at $72.30 per ADR on February 15, 2024.
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