DZS Inc. purports to be a “global provider of access and optical networking infrastructure and cloud software solutions that enable the emerging hyperconnected, hyper-broadband world and broadband experiences. The Company provides a wide array of reliable, cost-effective networking technologies and software to a diverse customer base.”

An underlying class action complaint alleges that DZS (OTC: DZSI, through certain of its officers and directors, made false and/or misleading statements and/or failed to disclose, among other things, that: (1) DZS’ financial statements from March 31, 2023 to the present contained 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.

Current DZS shareholders who have continuously held DZS shares since prior to March 10, 2023, can seek corporate reforms, the return of funds back to company coffers, and a court approved incentive award at no cost to them.

If you would like to learn more about this matter at no cost to you, you are encouraged to contact Joshua H. Grabar  at [email protected] or Mia R. Heller at [email protected], or call 267-507-6085.