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Cerence Inc. Facing Legal Scrutiny
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Cerence Inc. is under investigation by The Portnoy Law Firm following revenue forecast discrepancies and delayed revenue conversion, resulting in a securities class action lawsuit. The retirement of CFO Mark Gallenberger in March 2022 and the court's denial of Cerence Inc.'s dismissal request indicate ongoing legal challenges for the company.
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Could the outcome of the securities class action lawsuit set a precedent for similar cases in the industry?
How might the ongoing legal scrutiny affect Cerence Inc.'s financial performance and shareholder trust?
What measures could Cerence Inc. take to address the revenue forecast discrepancies and restore investor confidence?
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