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Temenos AG

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The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Temenos is the subject of a report published by Hindenburg Research on February 15, 2024, titled: “Temenos: Major Accounting Irregularities, Failed Products And An Illusive Turnaround.” The report claims, “Our 4-month investigation into Temenos, involving interviews with 25 former employees, including senior leaders at the company, uncovered hallmarks of manipulated earnings and major accounting irregularities. This includes evidence of roundtripped revenue, sham partnerships, rampant pulling forward of contract renewals, backdated contracts, excessive capitalization of seemingly non-existent R&D investments, and other classic accounting red flags.” Based on this report, shares of Temenos tell by 28.2% in morning trading on the same day.

Press Release

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Temenos AG and Encourages Investors with Losses to Contact the Firm

Los Angeles, February 15, 2024  — The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Temenos AG (“Temenos” or “the Company”) (OTC: TMSNY) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Temenos is the subject of a report published by Hindenburg Research on February 15, 2024, titled: “Temenos: Major Accounting Irregularities, Failed Products And An Illusive Turnaround.” The report claims, “Our 4-month investigation into Temenos, involving interviews with 25 former employees, including senior leaders at the company, uncovered hallmarks of manipulated earnings and major accounting irregularities. This includes evidence of roundtripped revenue, sham partnerships, rampant pulling forward of contract renewals, backdated contracts, excessive capitalization of seemingly non-existent R&D investments, and other classic accounting red flags.” Based on this report, shares of Temenos tell by 28.2% in morning trading on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.

310-301-3335

info@schallfirm.com

www.schallfirm.com

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