Sonus Networks Faces Claims It Misled Investors on Sales Outlook

Shareholders adequately alleged that Sonus Networks Inc. and some of its executives committed securities fraud related to sales projections, a federal court said more than three years after the company asked it to toss the proposed class action.

Plaintiffs Guiseppe Veleno, Gary Williams, and Ron Miller plausibly alleged the defendants had the necessary state of mind, and so the investors can advance their claims against the technology company and three of its executives, Judge George A. O’Toole Jr. said Thursday for the US District Court for the District of Massachusetts.

The action came after attorneys for the investors sent several ...