CCOI Investors Face Sept. 21 Deadline in Cogent Fraud Suit
Los Angeles – September 11, 2026 -- Shareholders of Cogent Communications Holdings, Inc. (NASDAQ: CCOI) have until September 21, 2026, to seek lead plaintiff status in a securities fraud class action covering purchases made between February 29, 2024, and May 1, 2026.
Law firm Schall, Brown & Schwartz LLP alleges Cogent misrepresented its optical wavelength order backlog
According to the complaint filed by Schall, Brown & Schwartz LLP ('SBS'), Cogent's stated backlog of orders for optical wavelength products was unlikely to generate revenue because customers in that backlog were unwilling to accept delivery, even where the company was capable of fulfilling orders. The suit alleges the company was not on track to meet its revenue targets and other performance goals throughout the class period, rendering its public statements materially misleading under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.