Supercom Ltd (NASDAQ:SPCB) Investor Investigation Concerning Potential Securities Laws Violations Announced

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December 08, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Supercom Ltd (NASDAQ:SPCB) shares over potential securities laws violations by Supercom and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Supercom Ltd (NASDAQ:SPCB) concerning whether a series of statements by Supercom Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Supercom Ltd reported that its annual Total Revenue rose from $8.82 million in 2013 to $29.70 million in 2014 and that its Net Income declined from $6.47 million in 2013 to $6.20 million in 2014.

Shares of Supercom Ltd (NASDAQ:SPCB) grew from $7.57 per share in January 2015 to as high as $13.82 per share in June 2015.

On November 30, 2015, Supercom Ltd announced its preliminary third quarter revenue and updated its full year 2015 forcast.

Shares of Supercom Ltd (NASDAQ:SPCB) declined to as low as $4.54 per share on November 30, 2015.