NEW YORK, July 10, 2023 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of DZS Inc. (NASDAQ: DZSI) alleging that the Company violated federal securities laws.

Class Period: March 10, 2023 to May 31, 2023
Lead Plaintiff Deadline: August 14, 2023
No obligation or cost to you.

Learn more about your recoverable losses in DZSI:
https://www.kleinstocklaw.com/pslra-1/dzs-lawsuit-loss-submission-form?id=41880&from=3

DZS Inc. NEWS - DZSI NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that DZS Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) DZS’ financial statements from March 31, 2023 to the present included certain errors; (2) as a result, DZS would need to restate its previously filed quarterly financial statement for the period ending March 31, 2023; (3) the Company had ongoing undisclosed issues with its internal controls over financial reporting; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in DZS you have until August 14, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased DZS securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the DZSI lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/dzs-lawsuit-loss-submission-form?id=41880&from=3.

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
jk@kleinstocklaw.com 
Telephone: (212) 616-4899
www.kleinstocklaw.com 

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