{"success":true,"data":{"pressRelease":{"id":"133318","rtpr_id":"nGNX3TM7Fx","ticker":"CCOI","exchange":"NASDAQ","all_tickers":["CCOI"],"title":"Cogent Communications Holdings Securities Fraud Class Action Result of Undisclosed Demand and Backlog Issues and approximately 29% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC","author":"Globe Newswire","published_at":"2026-09-02T02:18:54.093Z","article_body":"NEW YORK and NEW ORLEANS, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Kahn Swick & Foti\n(https://ksfcounsel.com/), LLC (“KSF”) and KSF partner, former Attorney\nGeneral of Louisiana, Charles C. Foti, Jr., remind investors with substantial\nlosses that they have until September 21, 2026 to file lead plaintiff\napplications in a securities class action lawsuit against Cogent\nCommunications Holdings (https://www.ksfcounsel.com/cases/nasdaqgs-ccoi/),\nInc. (\"Cogent\" or the \"Company\") (NasdaqGS: CCOI), if they purchased the\nCompany’s shares between February 29, 2024 and May 1, 2026, inclusive (the\n“Class Period”). This action is pending in the United States District\nCourt for the District of Columbia.\n\nWhat You May Do\n\nIf you purchased shares of Cogent as above and would like to discuss your\nlegal rights and how this case might affect you and your right to recover for\nyour economic loss, you may, without obligation or cost to you, contact KSF\nManaging Partner Lewis Kahn toll-free at 1-833-538-3616 or via email\n(lewis.kahn@ksfcounsel.com), or visit\nhttps://www.ksfcounsel.com/cases/nasdaqgs-ccoi/ to learn more. If you wish to\nserve as a lead plaintiff in this class action, you must petition the Court by\nSeptember 21, 2026.\n\n>>>CLICK HERE (https://www.ksfcounsel.com/cases/nasdaqgs-ccoi/?prs=globe) for\nmore information\n\nAbout the Lawsuit\n\nCogent and certain of its executives are charged with failing to disclose\nmaterial information during the Class Period, violating federal securities\nlaws.\n\nThe alleged false and misleading statements and omissions include, but are not\nlimited to, that: (i) the most of the purported orders in the Company’s\noptical wavelength “backlog” were unlikely to ever result in a paid order;\n(ii) many of the “backlog” customers were unable or unwilling to accept\ndelivery even if timely provision was possible; (iii) as a result of (i)-(ii)\nabove, the Company had materially misrepresented demand for its optical\nwavelength services and the nature of its “backlog” of wavelength orders;\n(iv) as a result of (i)-(iii) above, the Company was not on track to achieve\nits revenue and margin targets and such targets lacked a reasonable basis in\nobjective fact; (v) the Company did not have the financial capacity or\nbusiness fundamentals to maintain its long-standing dividend policy; and (vi)\nthere was a material, undisclosed risk that Cogent Founder, CEO and Chairman,\nDavid Schaeffer, would be forced to sell vast quantities of Cogent stock as a\nresult of his high-risk pledging activities, thereby further depressing the\nprice of the Company’s stock in the event the truth regarding its\n“backlog,” demand issues, and financial position were ever revealed.\n\nThe case is City of Southfield Fire and Police Retirement System v. Cogent\nCommunications Holdings, Inc., No. 26-cv-02609.\n\n>>>To Learn More, Click HERE\n(https://www.ksfcounsel.com/cases/nasdaqgs-ccoi/?prs=globe)\n\nAbout Kahn Swick & Foti (https://www.youtube.com/watch?v=ERl52xsyj0s), LLC\n\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti,\nJr., is one of the nation's premier boutique securities litigation law firms.\nThis past year, KSF was ranked by SCAS among the top 10 firms nationally based\nupon total settlement value. KSF serves a variety of clients, including public\nand private institutional investors, and retail investors - in seeking\nrecoveries for investment losses emanating from corporate fraud or malfeasance\nby publicly traded companies. KSF has offices in New York, Delaware,\nCalifornia, Louisiana, Chicago, and a representative office in Luxembourg.\n\nTOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services\n\nTo learn more about KSF, you may visit www.ksfcounsel.com.\n\n>>>For More Information about the case, Click HERE\n(https://www.ksfcounsel.com/cases/nasdaqgs-ccoi/?prs=globe)\n\nContact:\n\nKahn Swick & Foti, LLC\nLewis Kahn, Managing Partner\nlewis.kahn@ksfcounsel.com\n1-833-538-3616\n1100 Poydras St., Suite 960\nNew Orleans, LA 70163\n\nCONNECT WITH US: Facebook\n(https://www.facebook.com/profile.php?id=61575733915628) || Instagram\n(https://www.instagram.com/kahn_swick_and_foti/) || YouTube\n(https://www.youtube.com/@kahnswickandfoti) || TikTok\n(https://www.tiktok.com/@kahn.swick.foti) || LinkedIn\n(https://www.linkedin.com/company/ksfcounsel)\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/b66e75b8-42a3-4666-b8fa-64a468417619)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX3TM7Fx","title":"Cogent Communications Holdings Securities Fraud Class Action Result of Undisclosed Demand and Backlog Issues and approximately 29% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC","author":"Globe Newswire","ticker":"CCOI","created":"2026-09-02T02:18:54.093Z","tickers":["CCOI"],"exchange":"NASDAQ","article_body":"NEW YORK and NEW ORLEANS, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Kahn Swick & Foti\n(https://ksfcounsel.com/), LLC (“KSF”) and KSF partner, former Attorney\nGeneral of Louisiana, Charles C. Foti, Jr., remind investors with substantial\nlosses that they have until September 21, 2026 to file lead plaintiff\napplications in a securities class action lawsuit against Cogent\nCommunications Holdings (https://www.ksfcounsel.com/cases/nasdaqgs-ccoi/),\nInc. (\"Cogent\" or the \"Company\") (NasdaqGS: CCOI), if they purchased the\nCompany’s shares between February 29, 2024 and May 1, 2026, inclusive (the\n“Class Period”). This action is pending in the United States District\nCourt for the District of Columbia.\n\nWhat You May Do\n\nIf you purchased shares of Cogent as above and would like to discuss your\nlegal rights and how this case might affect you and your right to recover for\nyour economic loss, you may, without obligation or cost to you, contact KSF\nManaging Partner Lewis Kahn toll-free at 1-833-538-3616 or via email\n(lewis.kahn@ksfcounsel.com), or visit\nhttps://www.ksfcounsel.com/cases/nasdaqgs-ccoi/ to learn more. If you wish to\nserve as a lead plaintiff in this class action, you must petition the Court by\nSeptember 21, 2026.\n\n>>>CLICK HERE (https://www.ksfcounsel.com/cases/nasdaqgs-ccoi/?prs=globe) for\nmore information\n\nAbout the Lawsuit\n\nCogent and certain of its executives are charged with failing to disclose\nmaterial information during the Class Period, violating federal securities\nlaws.\n\nThe alleged false and misleading statements and omissions include, but are not\nlimited to, that: (i) the most of the purported orders in the Company’s\noptical wavelength “backlog” were unlikely to ever result in a paid order;\n(ii) many of the “backlog” customers were unable or unwilling to accept\ndelivery even if timely provision was possible; (iii) as a result of (i)-(ii)\nabove, the Company had materially misrepresented demand for its optical\nwavelength services and the nature of its “backlog” of wavelength orders;\n(iv) as a result of (i)-(iii) above, the Company was not on track to achieve\nits revenue and margin targets and such targets lacked a reasonable basis in\nobjective fact; (v) the Company did not have the financial capacity or\nbusiness fundamentals to maintain its long-standing dividend policy; and (vi)\nthere was a material, undisclosed risk that Cogent Founder, CEO and Chairman,\nDavid Schaeffer, would be forced to sell vast quantities of Cogent stock as a\nresult of his high-risk pledging activities, thereby further depressing the\nprice of the Company’s stock in the event the truth regarding its\n“backlog,” demand issues, and financial position were ever revealed.\n\nThe case is City of Southfield Fire and Police Retirement System v. Cogent\nCommunications Holdings, Inc., No. 26-cv-02609.\n\n>>>To Learn More, Click HERE\n(https://www.ksfcounsel.com/cases/nasdaqgs-ccoi/?prs=globe)\n\nAbout Kahn Swick & Foti (https://www.youtube.com/watch?v=ERl52xsyj0s), LLC\n\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti,\nJr., is one of the nation's premier boutique securities litigation law firms.\nThis past year, KSF was ranked by SCAS among the top 10 firms nationally based\nupon total settlement value. KSF serves a variety of clients, including public\nand private institutional investors, and retail investors - in seeking\nrecoveries for investment losses emanating from corporate fraud or malfeasance\nby publicly traded companies. KSF has offices in New York, Delaware,\nCalifornia, Louisiana, Chicago, and a representative office in Luxembourg.\n\nTOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services\n\nTo learn more about KSF, you may visit www.ksfcounsel.com.\n\n>>>For More Information about the case, Click HERE\n(https://www.ksfcounsel.com/cases/nasdaqgs-ccoi/?prs=globe)\n\nContact:\n\nKahn Swick & Foti, LLC\nLewis Kahn, Managing Partner\nlewis.kahn@ksfcounsel.com\n1-833-538-3616\n1100 Poydras St., Suite 960\nNew Orleans, LA 70163\n\nCONNECT WITH US: Facebook\n(https://www.facebook.com/profile.php?id=61575733915628) || Instagram\n(https://www.instagram.com/kahn_swick_and_foti/) || YouTube\n(https://www.youtube.com/@kahnswickandfoti) || TikTok\n(https://www.tiktok.com/@kahn.swick.foti) || LinkedIn\n(https://www.linkedin.com/company/ksfcounsel)\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/b66e75b8-42a3-4666-b8fa-64a468417619)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-02T02:18:54.1384042Z","server_sent_at_ms":1788315534138},"received_at":"2026-09-02T02:18:54.226Z","source_url":null},"analysis":{"id":"122211","press_release_id":"133318","analysis_json":{"industry":{"label":"Diversified Telecommunication Services","sector":"Communication Services"},"redFlags":[],"eventType":"legal_litigation","narrative":"Kahn Swick & Foti reminded investors of the September 21, 2026 deadline to file lead plaintiff applications in a class action against Cogent Communications.\n\nThe lawsuit alleges Cogent misrepresented demand for its optical wavelength services and the nature of its backlog.\n\nThis release is a plaintiff law-firm solicitation for investors with losses and does not constitute a new disclosure from the issuer.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"remind investors with substantial losses that they have until September 21, 2026 to file lead plaintiff applications","namedEntities":{"people":[{"name":"Lewis Kahn","role":"Managing Partner of Kahn Swick & Foti, LLC"},{"name":"Charles C. 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Boilerplate lead-plaintiff-deadline reminder."},"tickerRelevance":{"others":[],"primary":"CCOI"},"globalImportance":10,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Kahn Swick & Foti reminded investors of the September 21, 2026 deadline to file lead plaintiff applications in a class action against Cogent Communications.\n\nThe lawsuit alleges Cogent misrepresented demand for its optical wavelength services and the nature of its backlog.\n\nThis release is a plaintiff law-firm solicitation for investors with losses and does not constitute a new disclosure from the issuer.","key_figures":{},"named_entities":{"people":[{"name":"Lewis Kahn","role":"Managing Partner of Kahn Swick & Foti, LLC"},{"name":"Charles C. Foti, Jr.","role":"Partner, former Attorney General of Louisiana"},{"name":"David Schaeffer","role":"Founder, CEO and Chairman of Cogent"}],"products":["optical wavelength services","optical wavelength backlog"],"companies":[{"name":"Kahn Swick & Foti, LLC","relationship":"plaintiff law firm"},{"name":"Cogent Communications Holdings, Inc.","ticker":"CCOI","relationship":"defendant"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-02T02:20:10.743Z","global_importance":10,"audience_relevance":10,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":76502,"modelName":"glm-4.7"}}