About This Investigation
Unlike a class action lawsuit, a shareholder derivative action is brought on behalf of the company itself against the individuals whose conduct harmed it. Any recovery goes back to the company.
Shareholders who purchased CCOI shares before February 29, 2024 and continue to hold those shares may have standing to participate in this investigation.
What We Are Investigating
- Whether the Company's officers and directors breached their fiduciary duties to shareholders
- Whether defendants caused the Company to make materially false or misleading statements
- Whether defendants engaged in corporate mismanagement or waste
- Whether shareholders can recover damages on behalf of the Company
Who Can Participate in the Cogent Communications Holdings, Inc. (CCOI) Derivative Action?
You may have standing to participate in this derivative action if:
You purchased shares of CCOI before February 29, 2024
You continue to hold those shares today
You have not sold your position
What Is a Shareholder Derivative Action?
In a shareholder derivative lawsuit, a shareholder sues on behalf of the company — not for personal damages, but to recover for harm done to the company by its own officers and directors. Any monetary recovery flows back to the company.
To bring a derivative action, a shareholder must have owned stock at the time of the alleged misconduct and must continue to hold those shares throughout the litigation. There is no class period or lead plaintiff deadline — participation is based on continuous ownership.
How Is Cogent Communications Holdings, Inc. (NASDAQ: CCOI) Stock Trading Today?
Interactive chart showing the weekly share price history of NASDAQ:CCOI (NASDAQ:CCOI).
How Does BG&G Help Investors in Shareholder Derivative Actions?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
We handle shareholder derivative actions on a contingency fee basis — we advance all litigation costs on your behalf. There is no fee unless we are successful.
“When those entrusted to run a public company abuse that trust — through self-dealing, excessive compensation, or deliberate oversight failures — shareholders have both the right and the means to hold them accountable.”