Chipmaker To Pay $2.75M To Settle Revenue Accounting Suit

By Rachel O'Brien (May 15, 2020, 4:54 PM EDT) -- Investors of mobile phone chipmaker Sequans Communications SA asked a New York federal judge Thursday to approve a $2.75 million settlement with the tech company, which shareholders say misled them about its revenue accounting and product return practices, causing its stock price to drop when the practices came to light....

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