{"id":414541,"date":"2021-01-13T18:32:43","date_gmt":"2021-01-13T23:32:43","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=414541"},"modified":"2021-01-13T18:32:43","modified_gmt":"2021-01-13T23:32:43","slug":"shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\/","title":{"rendered":"SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm<\/b><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fschallfirm.com%2F&amp;esheet=52361643&amp;newsitemid=20210113005935&amp;lan=en-US&amp;anchor=The+Schall+Law+Firm&amp;index=1&amp;md5=76be9ccddad6510cd770c51b6fb934e8\">The Schall Law Firm<\/a>, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against GTT Communications, Inc. (\u201cGTT\u201d or \u201cthe Company\u201d) (NYSE: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FGTT&amp;esheet=52361643&amp;newsitemid=20210113005935&amp;lan=en-US&amp;anchor=GTT&amp;index=2&amp;md5=f8cda1ec87fa21cf3a958b2d856dc5ac\">GTT<\/a>) for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.\n<\/p>\n<p>\nInvestors who purchased the Company&#8217;s securities between May 5, 2016 and November 9, 2020, inclusive (the &#8221;Class Period&#8221;), are encouraged to contact the firm before March 15, 2021.\n<\/p>\n<p>\nIf you are a shareholder who suffered a loss, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fschallfirm.com%2Fcases%2Fgtt-communications-inc-2%2F%23case-form&amp;esheet=52361643&amp;newsitemid=20210113005935&amp;lan=en-US&amp;anchor=click+here+to+participate&amp;index=3&amp;md5=099632556a7354d4c2023509f00bf5db\">click here to participate<\/a>.\n<\/p>\n<p>\nWe also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm&#8217;s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fpr.report%2FmIwBkOrU&amp;esheet=52361643&amp;newsitemid=20210113005935&amp;lan=en-US&amp;anchor=www.schallfirm.com&amp;index=4&amp;md5=6e167e12e13c4cd2365022ed8fc37c98\">www.schallfirm.com<\/a>, or by email at <a rel=\"nofollow\" href=\"mailto:brian@schallfirm.com\">brian@schallfirm.com<\/a>.\n<\/p>\n<p>\nThe 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.\n<\/p>\n<p>\nAccording to the Complaint, the Company made false and misleading statements to the market. GTT failed to maintain proper internal controls related to the recording and reporting of Cost of Telecommunications Services. The Company\u2019s Cost of Telecommunications as previously reported included unsupported adjustments and were otherwise inaccurate. The Company\u2019s failure to maintain internal controls resulted in a delay in the Company\u2019s 10-Q quarterly reports. Based on these facts, the Company\u2019s public statements were false and materially misleading throughout the class period. When the market learned the truth about GTT, investors suffered damages.\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fschallfirm.com%2Fcases%2Fgtt-communications-inc-2%2F%23case-form&amp;esheet=52361643&amp;newsitemid=20210113005935&amp;lan=en-US&amp;anchor=Join+the+case&amp;index=5&amp;md5=ca23bff426bf491095d79985b7f74f95\">Join the case<\/a> to recover your losses.\n<\/p>\n<p>\nThe Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.\n<\/p>\n<p>\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210113005935r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210113005935\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210113005935\/en\/<\/a><\/span><\/p>\n<p>\nThe Schall Law Firm<br \/>\n<br \/>Brian Schall, Esq.,<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.schallfirm.com&amp;esheet=52361643&amp;newsitemid=20210113005935&amp;lan=en-US&amp;anchor=www.schallfirm.com&amp;index=6&amp;md5=8d8521e87487833d0712089972ea5a0d\">www.schallfirm.com<br \/>\n<\/a><br \/>Office: 310-301-3335<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@schallfirm.com\"><b>info@schallfirm.com<\/b><\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210113005935\/en\/827144\/3\/Schall-Firm-Logo-640x360.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against GTT Communications, Inc. (\u201cGTT\u201d or \u201cthe Company\u201d) (NYSE: GTT) for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company&#8217;s securities between May 5, 2016 and November 9, 2020, inclusive (the &#8221;Class Period&#8221;), are encouraged to contact the firm before March 15, 2021. If you are a shareholder &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-414541","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against GTT Communications, Inc. (\u201cGTT\u201d or \u201cthe Company\u201d) (NYSE: GTT) for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company&#8217;s securities between May 5, 2016 and November 9, 2020, inclusive (the &#8221;Class Period&#8221;), are encouraged to contact the firm before March 15, 2021. If you are a shareholder &hellip; Continue reading &quot;SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-13T23:32:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210113005935r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm\",\"datePublished\":\"2021-01-13T23:32:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\\\/\"},\"wordCount\":423,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210113005935r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-alert-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-gtt-communications-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the\\\/\",\"name\":\"SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against GTT Communications, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - 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(\u201cGTT\u201d or \u201cthe Company\u201d) (NYSE: GTT) for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company&#8217;s securities between May 5, 2016 and November 9, 2020, inclusive (the &#8221;Class Period&#8221;), are encouraged to contact the firm before March 15, 2021. 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