SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Sonus Networks, Inc. and Certain Officers -- SONS

NEW YORK, April 7, 2015 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Sonus Networks, Inc. ("Sonus" or the "Company") SONS and certain of its officers.  The class action, filed in United States District Court, District of New Jersey, is on behalf of a class consisting of all persons or entities who purchased Sonus securities between October 23, 2014 and March 24, 2015, inclusive (the "Class Period").  This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

If you are a shareholder who purchased Sonus securities during the Class Period, you have until June 5, 2015 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.  To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

Sonus Networks, Inc. provides network solutions for communications service providers and enterprises. Its products include session border controllers (SBC) that address the network requirements for small, medium, and large businesses, as well as for communications service providers; and open services switches for converting various types of voice signals into Internet protocol (IP) packets and transmitting those IP packets over a data network. 

The complaint alleges that during the Class Period, Defendants made false and/or misleading statements, and failed to disclose material adverse facts about the Company's business, operations, prospects and performance.  Specifically, (1) the Company would be unable to close certain material orders in the first quarter of 2015; and (2) the Company was experiencing longer decision cycles from its customers.

On March 24, 2015, the Company issued a press release entitled "Sonus Updates Guidance and Initiates Cost Reduction Review," which lowered its revenue guidance for the first quarter of 2015 and revealed the expected lowering of its revenue guidance for the full year.

On this news, shares of Sonus plummeted $4.46 per share, or over 33%, from its previous closing price to close at $8.70 per share on March 24, 2015.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.