A class action lawsuit was filed in the United States District Court for the Eastern District of New York on behalf of purchasers of Comtech Telecommunications Corp. (NASDAQ: CMTL) common stock during the period between September 17, 2008 and March 9, 2009 (the “Class Period”). The complaint charges Comtech and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The Company engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company’s business prospects. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: (i) that the Company was experiencing negative trends in its commercial satellite earth station and encoder bookings, as well as commercial RF Amplifier bookings; (ii) that the Company’s sales from its Mobile Data Communications division were weakening outside of its one order with the U.S. Army’s Movement Tracking System (“MTS”); (iii) that the Company was experiencing difficulty integrating the Radyne acquisition and was not generating the synergies expected from the acquisition; (iv) that the Company’s costs were rising in excess of internal forecasts reducing profit margins; and (v) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its prospects, and its revenue and earnings projections.

Then, on March 9, 2009, Comtech issued a press release announcing its financial results for the fiscal second quarter of 2009, the period ended January 31, 2009. In response to the Company’s drastic reduction in its revenue and earnings guidance for 2009, the price of Comtech common stock fell $12.97 per share, or approximately 37%, to close at $22.48 per share, on extremely heavy trading volume.

If you are a current shareholder or purchased shares during the period of September 17, 2008 and March 9, 2009 and would like to discuss your options of exercising your rights as a shareholder, please contact us.
Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.