Home > Boards > US Listed > Telecommunications Networks > Global Telecom and Technology, Inc. (GTT)

https://www.law360.com/articles/1337837/gtt-investors-seek-25m-deal-over-disaster-interoute-buyh

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
jgrabar Member Profile
Member Level 
Followed By 3
Posts 64
Boards Moderated 0
Alias Born 06/03/19
160x600 placeholder
Current Report Filing (8-k) Edgar (US Regulatory) - 6/16/2021 4:47:07 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/11/2021 5:09:20 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/8/2021 5:08:08 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/8/2021 5:05:38 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/3/2021 4:57:38 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/28/2021 4:02:20 PM
GTT Communications likely to file for Chapter 11 bankruptcy before June 30 - report Seeking Alpha - 5/28/2021 3:53:27 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/25/2021 5:38:50 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/25/2021 5:35:58 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) Edgar (US Regulatory) - 5/10/2021 4:25:44 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/3/2021 4:37:13 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/29/2021 5:09:57 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/21/2021 5:05:30 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 4/8/2021 5:10:29 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 3/30/2021 5:35:21 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/24/2021 5:23:39 PM
Notification That Annual Report Will Be Submitted Late (nt 10-k) Edgar (US Regulatory) - 3/16/2021 8:27:51 AM
GTT Announces Leaders for Americas and Europe Divisions GlobeNewswire Inc. - 3/16/2021 8:00:00 AM
GTT jumps 25% on selection by Charter Schools USA for network upgrade Seeking Alpha - 3/10/2021 3:08:42 PM
Charter Schools USA Selects GTT SD-WAN to Improve Network Agility and Security GlobeNewswire Inc. - 3/10/2021 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/9/2021 5:26:00 PM
GTT Communications slips on report on formal talks on bankruptcy plan Seeking Alpha - 3/8/2021 1:52:40 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 3/8/2021 6:45:37 AM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 3/4/2021 8:32:46 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/1/2021 5:20:06 PM
jgrabar Member Level  Tuesday, 03/23/21 07:13:29 AM
Re: None
Post # of 137 
https://www.law360.com/articles/1337837/gtt-investors-seek-25m-deal-over-disaster-interoute-buy

https://www.law360.com/articles/1367151/saxena-white-seeks-9m-for-25m-gtt-securities-settlement

https://grabarlaw.com/the-latest/gtt-communications-inc-investigations/

Per above, it is alleged that officers and directors of GTT Communications, Inc. failed to disclose that: (1) there were delays in migrating Interoute's legacy systems and processes into GTT's client management database system; (2) Interoute had made a strategic shift to focus on providing cloud services that deviated from GTT's core cloud networking business; (3) Interoute's sales force was underperforming and ineffective at selling GTT's core cloud networking services. These governance failures led to the announcement of a $25 million class action settlement.

Current GTT shareholders who have held shares of the Company’s stock since at least February 26, 2018 have standing to seek corporate governance reforms, the return of funds back to company coffers and potentially a court approved incentive award if appropriate.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences