Fusion Connect, Inc. Loss Form

Company: Fusion Connect, Inc.

Ticker: (OTCMKTS) FSNN

Deadline

Passed

Lead Plaintiff Deadline: June 17, 2019

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Allegations

The complaint alleges that Fusion made materially false and misleading statements, later admitting that the process used by certain of its Birch subsidiaries for capitalizing costs associated with the customer on-boarding process and the related judgments and estimates were not designed with sufficient precision, leading to an overstatement of the Company’s earnings (or net loss) of between $1.7 million and $2.3 million in the quarter ending on June 30, 2018, and between $3.4 million and $4.1 million in the quarter ending September 30, 2018.