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OOMA SHAREHOLDER ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Ooma, Inc.; Encourages Investors to Contact the Firm for Information Concerning Their Legal Rights
[January 06, 2016]

OOMA SHAREHOLDER ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Ooma, Inc.; Encourages Investors to Contact the Firm for Information Concerning Their Legal Rights


California-based Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Ooma, Inc. (NYSE: OOMA) and certain of its officers and directors. California-based Ooma provides cloud-based telephone and connected services.

Specifically, Johnson & Weaver's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its July 17, 2015 initial public stock offering (the "IPO") contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the true state of the Company's business metrics and financial prospects at the time of its IPO.

On July 17, 2015, Ooma offered 5,000,000 shares of its common stock at $13.00 per share in connection with its IPO. Less than six months late, Ooma common stock has plummeted and was trading at just $5.83 per share during intra-day trading on January 6, 2016 - 55% less than its IPO price.



If you have information that could assist in this investigation, or if you are a Ooma shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Michael I. Fistel, Jr., Esq. ([email protected]) by email or by phone at 770-200-3104. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:


Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.


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