LAWFUEL – The Legal Newswire – — The Law Offices of Eric J. O’Bell, L.L.C. (“O’Bell”) announces that it has commenced an
investigation into BigBand Networks, Inc. (“BigBand” or the “Company”)
(Nasdaq:BBND) to determine whether it has violated federal securities
laws in connection with its March 2007 public stock offering.
Shares of the company have fallen more than 50 percent since debuting
at $15.25 following its initial public offering in March. Shares fell
today to an intra-day low of $5.89 after the digital-video network
provider cut its third-quarter revenue outlook, announcing that some of
its ongoing customer deployments have required more software
customization and integration than originally expected. Additionally,
BigBand has experienced a slowdown in Telco-TV revenue and softness in
its data business.
If you are a BigBand shareholder, and/or have information that would
assist in this ongoing investigation, or have other questions relating
to any loss you’ve suffered from your investment, you may e-mail or
call O’Bell, without obligation or cost to you. You may contact Eric J.
O’Bell personally at 504-456-8677, or by email at [email protected]
CONTACT: Law Offices of Eric J. O’Bell, L.L.C.
Eric J. O’Bell
3500 North Hullen Street
Metairie, Louisiana 70002