Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there was a buildup of inventory in Cambium's distribution channels; (2) Cambium and its distributors were reasonably likely to offer aggressive discounts to reduce the high channel inventories; (3) Cambium's revenue would decline sequentially until the excess channel inventory was sold through; (4) Cambium was likely to incur significant charges to writedown excess and obsolete inventory; (5) as a result of the foregoing, Cambium's fiscal 2023 revenue and earnings would be adversely affected; and (6) as a result of the foregoing, defendants' positive statements about Cambium's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.