NEW YORK, Sept. 09, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Tremor International Ltd. (“Tremor” or the “Company”) (NASDAQ: TRMR). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Tremor and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On August 17, 2023, Tremor issued a press release reporting its financial results for the three and six months ended June 30, 2023. Among other items, Tremor reported Q2 non-GAAP EPS of $0.06, missing consensus estimates by $0.20, and revenue of $84.2 million, missing consensus estimates by $12.79 million.
On this news, Tremor’s stock price fell $1.91 per share, or 30.51%, to close at $4.35 per share on August 17, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
