Investors in Cogent Communications Holdings, Inc. (CCOI): Protect Your Rights - Contact Levi & Korsinsky Before September 21, 2026
NEW YORK CITY, NY / ACCESS Newswire / July 27, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Cogent Communications Holdings, Inc. (NASDAQ:CCOI) securities.
If you suffered a loss on your Cogent Communications Holdings, Inc. investment and would like to explore a potential recovery under the federal securities laws, Learn about Cogent Communications Holdings, Inc. Class Action or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: A class action securities lawsuit was filed against Cogent Communications Holdings, Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between February 29, 2024 and May 1, 2026.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (a) the vast majority of the purported orders in Cogent's optical wavelength "backlog" were unlikely to ever result in a paid order; (b) large quantities of the customers in Cogent's purported optical wavelength "backlog" were unable or unwilling to accept delivery even if Cogent was in a position to provision the wavelength in a timely manner; (c) as a result of (a)-(b) above, defendants had materially misrepresented customer demand for Cogent's optical wavelength services and the nature of the Company's purported "backlog" of wavelength orders; (d) as a result of (a)-(c) above, Cogent was not on track to achieve its revenue and margin targets and such targets lacked a reasonable basis in objective fact; (e) Cogent did not have the financial capacity or business fundamentals to maintain its long-standing dividend policy; and (f) there was a material, undisclosed risk that defendant Schaeffer would be forced to sell vast quantities of Cogent stock as a result of his high-risk pledging activities, thereby further depressing the price of Cogent stock in the event the truth regarding Cogent's "backlog," demand issues, and financial position were ever revealed.
WHAT'S NEXT? If you purchased Cogent Communications Holdings, Inc. stock during the relevant time frame - even if you still hold your shares, learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP