{"success":true,"data":{"pressRelease":{"id":"139702","rtpr_id":"nPn5VlllPa-20260909","ticker":"CCOI","exchange":"NASDAQ","all_tickers":["CCOI"],"title":"CCOI Deadline: CCOI Investors with Losses in Excess of $100K Have Opportunity to Lead Cogent Communications Holdings, Inc. Securities Fraud Lawsuit","author":"PR Newswire","published_at":"2026-09-09T20:45:00.025Z","article_body":"CCOI Deadline: CCOI Investors with Losses in Excess of $100K Have Opportunity to Lead Cogent Communications Holdings, Inc. Securities Fraud Lawsuit\n\nPR Newswire\n\nNEW YORK, Sept. 9, 2026\n\nNEW YORK, Sept. 9, 2026 /PRNewswire/ --\n\nWhy: Rosen Law Firm, a global investor rights law firm, reminds purchasers of\ncommon stock of Cogent Communications Holdings, Inc. (NASDAQ: CCOI) between\nFebruary 29, 2024 and May 1, 2026, inclusive (the \"Class Period\"), of the\nimportant September 21, 2026 lead plaintiff deadline.\n\nSo what: If you purchased Cogent Communications common stock during the Class\nPeriod you may be entitled to compensation without payment of any out of\npocket fees or costs through a contingency fee arrangement.\n\nWhat to do next: To join the Cogent Communications class action, go to\nhttps://rosenlegal.com/cases/cogent-communications-holdings-inc-2026/join\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=3080203483&u=https%3A%2F%2Frosenlegal.com%2Fcases%2Fcogent-communications-holdings-inc-2026%2Fjoin&a=https%3A%2F%2Frosenlegal.com%2Fcases%2Fcogent-communications-holdings-inc-2026%2Fjoin)\n or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\ncase@rosenlegal.com (mailto:case@rosenlegal.com)  for information on the\nclass action. A class action lawsuit has already been filed. If you wish to\nserve as lead plaintiff, you must move the Court no later than September 21,\n2026. A lead plaintiff is a representative party acting on behalf of other\nclass members in directing the litigation.\n\nWhy Rosen Law: We encourage investors to select qualified counsel with a track\nrecord of success in leadership roles. Often, firms issuing notices do not\nhave comparable experience, resources, or any meaningful peer\nrecognition. Many of these firms do not actually handle securities class\nactions, but are merely middlemen that refer clients or partner with law firms\nthat actually litigate the cases. Be wise in selecting counsel. The Rosen Law\nFirm represents investors throughout the globe, concentrating its practice in\nsecurities class actions and shareholder derivative litigation. Rosen Law Firm\nhas achieved the largest ever securities class action settlement against a\nChinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class\nAction Services for number of securities class action settlements in 2017. The\nfirm has been ranked in the top 4 each year since 2013 and has recovered\nbillions of dollars for investors. In 2019 alone the firm secured over $438\nmillion for investors. In 2020, founding partner Laurence Rosen was named by\nlaw360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been\nrecognized by Lawdragon and Super Lawyers.\n\nDetails of the case: According to the lawsuit, defendants throughout the Class\nPeriod made materially false and/or misleading statements and/or failed to\ndisclose that: (1) the vast majority of the purported orders in Cogent's\noptical wavelength \"backlog\" were unlikely to ever result in a paid order; (2)\nlarge quantities of the customers in Cogent's purported optical wavelength\n\"backlog\" were unable or unwilling to accept delivery even if Cogent was in a\nposition to provision the wavelength in a timely manner; (3) as a result of\nthe foregoing, defendants had materially misrepresented customer demand for\nCogent's optical wavelength services and the nature of Cogent's purported\n\"backlog\" of wavelength orders; (4) as a result of the foregoing, Cogent was\nnot on track to achieve its revenue and margin targets and such targets lacked\na reasonable basis in objective fact; (5) Cogent did not have the financial\ncapacity or business fundamentals to maintain its long-standing dividend\npolicy; and (6) there was a material, undisclosed risk that defendant David\nSchaeffer would be forced to sell vast quantities of Cogent stock as a result\nof his high-risk pledging activities, thereby further depressing the price of\nCogent stock in the event the truth regarding Cogent's \"backlog,\" demand\nissues, and financial position were ever revealed. When the true details\nentered the market, the lawsuit claims that investors suffered damages.\n\nTo join the Cogent Communication class action, go to\nhttps://rosenlegal.com/cases/cogent-communications-holdings-inc-2026/join\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=3080203483&u=https%3A%2F%2Frosenlegal.com%2Fcases%2Fcogent-communications-holdings-inc-2026%2Fjoin&a=https%3A%2F%2Frosenlegal.com%2Fcases%2Fcogent-communications-holdings-inc-2026%2Fjoin)\n or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\ncase@rosenlegal.com (mailto:case@rosenlegal.com)  for information on the\nclass action.\n\nNo Class Has Been Certified. Until a class is certified, you are not\nrepresented by counsel unless you retain one. You may select counsel of your\nchoice. You may also remain an absent class member and do nothing at this\npoint. An investor's ability to share in any potential future recovery is not\ndependent upon serving as lead plaintiff.\n\nFollow us for updates on LinkedIn:\nhttps://www.linkedin.com/company/the-rosen-law-firm\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=3257446516&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm&a=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm)\n, on Twitter: https://twitter.com/rosen_firm\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=4165794336&u=https%3A%2F%2Ftwitter.com%2Frosen_firm&a=https%3A%2F%2Ftwitter.com%2Frosen_firm)\n or on Facebook: https://www.facebook.com/rosenlawfirm/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=141685517&u=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm%2F&a=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm%2F)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome.\n\nContact Information:\n\n     Laurence Rosen, Esq.\n     Phillip Kim, Esq.\n     The Rosen Law Firm, P.A.\n     275 Madison Avenue, 40th Floor\n     New York, NY 10016\n     Tel: (212) 686-1060\n     Toll Free: (866) 767-3653\n     Fax: (212) 202-3827\n     case@rosenlegal.com (mailto:case@rosenlegal.com)\n     www.rosenlegal.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=2510855660&u=http%3A%2F%2Fwww.rosenlegal.com%2F&a=www.rosenlegal.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/ccoi-deadline-ccoi-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-cogent-communications-holdings-inc-securities-fraud-lawsuit-302874168.html\n(https://www.prnewswire.com/news-releases/ccoi-deadline-ccoi-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-cogent-communications-holdings-inc-securities-fraud-lawsuit-302874168.html)\n\nSOURCE THE ROSEN LAW FIRM, P. A.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1118010/Rosen-Law-Firm-Logo.jpg?id=OA2939225\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn5VlllPa-20260909","title":"CCOI Deadline: CCOI Investors with Losses in Excess of $100K Have Opportunity to Lead Cogent Communications Holdings, Inc. Securities Fraud Lawsuit","author":"PR Newswire","ticker":"CCOI","created":"2026-09-09T20:45:00.025Z","tickers":["CCOI"],"exchange":"NASDAQ","article_body":"CCOI Deadline: CCOI Investors with Losses in Excess of $100K Have Opportunity to Lead Cogent Communications Holdings, Inc. Securities Fraud Lawsuit\n\nPR Newswire\n\nNEW YORK, Sept. 9, 2026\n\nNEW YORK, Sept. 9, 2026 /PRNewswire/ --\n\nWhy: Rosen Law Firm, a global investor rights law firm, reminds purchasers of\ncommon stock of Cogent Communications Holdings, Inc. (NASDAQ: CCOI) between\nFebruary 29, 2024 and May 1, 2026, inclusive (the \"Class Period\"), of the\nimportant September 21, 2026 lead plaintiff deadline.\n\nSo what: If you purchased Cogent Communications common stock during the Class\nPeriod you may be entitled to compensation without payment of any out of\npocket fees or costs through a contingency fee arrangement.\n\nWhat to do next: To join the Cogent Communications class action, go to\nhttps://rosenlegal.com/cases/cogent-communications-holdings-inc-2026/join\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=3080203483&u=https%3A%2F%2Frosenlegal.com%2Fcases%2Fcogent-communications-holdings-inc-2026%2Fjoin&a=https%3A%2F%2Frosenlegal.com%2Fcases%2Fcogent-communications-holdings-inc-2026%2Fjoin)\n or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\ncase@rosenlegal.com (mailto:case@rosenlegal.com)  for information on the\nclass action. A class action lawsuit has already been filed. If you wish to\nserve as lead plaintiff, you must move the Court no later than September 21,\n2026. A lead plaintiff is a representative party acting on behalf of other\nclass members in directing the litigation.\n\nWhy Rosen Law: We encourage investors to select qualified counsel with a track\nrecord of success in leadership roles. Often, firms issuing notices do not\nhave comparable experience, resources, or any meaningful peer\nrecognition. Many of these firms do not actually handle securities class\nactions, but are merely middlemen that refer clients or partner with law firms\nthat actually litigate the cases. Be wise in selecting counsel. The Rosen Law\nFirm represents investors throughout the globe, concentrating its practice in\nsecurities class actions and shareholder derivative litigation. Rosen Law Firm\nhas achieved the largest ever securities class action settlement against a\nChinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class\nAction Services for number of securities class action settlements in 2017. The\nfirm has been ranked in the top 4 each year since 2013 and has recovered\nbillions of dollars for investors. In 2019 alone the firm secured over $438\nmillion for investors. In 2020, founding partner Laurence Rosen was named by\nlaw360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been\nrecognized by Lawdragon and Super Lawyers.\n\nDetails of the case: According to the lawsuit, defendants throughout the Class\nPeriod made materially false and/or misleading statements and/or failed to\ndisclose that: (1) the vast majority of the purported orders in Cogent's\noptical wavelength \"backlog\" were unlikely to ever result in a paid order; (2)\nlarge quantities of the customers in Cogent's purported optical wavelength\n\"backlog\" were unable or unwilling to accept delivery even if Cogent was in a\nposition to provision the wavelength in a timely manner; (3) as a result of\nthe foregoing, defendants had materially misrepresented customer demand for\nCogent's optical wavelength services and the nature of Cogent's purported\n\"backlog\" of wavelength orders; (4) as a result of the foregoing, Cogent was\nnot on track to achieve its revenue and margin targets and such targets lacked\na reasonable basis in objective fact; (5) Cogent did not have the financial\ncapacity or business fundamentals to maintain its long-standing dividend\npolicy; and (6) there was a material, undisclosed risk that defendant David\nSchaeffer would be forced to sell vast quantities of Cogent stock as a result\nof his high-risk pledging activities, thereby further depressing the price of\nCogent stock in the event the truth regarding Cogent's \"backlog,\" demand\nissues, and financial position were ever revealed. When the true details\nentered the market, the lawsuit claims that investors suffered damages.\n\nTo join the Cogent Communication class action, go to\nhttps://rosenlegal.com/cases/cogent-communications-holdings-inc-2026/join\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=3080203483&u=https%3A%2F%2Frosenlegal.com%2Fcases%2Fcogent-communications-holdings-inc-2026%2Fjoin&a=https%3A%2F%2Frosenlegal.com%2Fcases%2Fcogent-communications-holdings-inc-2026%2Fjoin)\n or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\ncase@rosenlegal.com (mailto:case@rosenlegal.com)  for information on the\nclass action.\n\nNo Class Has Been Certified. Until a class is certified, you are not\nrepresented by counsel unless you retain one. You may select counsel of your\nchoice. You may also remain an absent class member and do nothing at this\npoint. An investor's ability to share in any potential future recovery is not\ndependent upon serving as lead plaintiff.\n\nFollow us for updates on LinkedIn:\nhttps://www.linkedin.com/company/the-rosen-law-firm\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=3257446516&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm&a=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm)\n, on Twitter: https://twitter.com/rosen_firm\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=4165794336&u=https%3A%2F%2Ftwitter.com%2Frosen_firm&a=https%3A%2F%2Ftwitter.com%2Frosen_firm)\n or on Facebook: https://www.facebook.com/rosenlawfirm/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=141685517&u=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm%2F&a=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm%2F)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome.\n\nContact Information:\n\n     Laurence Rosen, Esq.\n     Phillip Kim, Esq.\n     The Rosen Law Firm, P.A.\n     275 Madison Avenue, 40th Floor\n     New York, NY 10016\n     Tel: (212) 686-1060\n     Toll Free: (866) 767-3653\n     Fax: (212) 202-3827\n     case@rosenlegal.com (mailto:case@rosenlegal.com)\n     www.rosenlegal.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4770645-1&h=2510855660&u=http%3A%2F%2Fwww.rosenlegal.com%2F&a=www.rosenlegal.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/ccoi-deadline-ccoi-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-cogent-communications-holdings-inc-securities-fraud-lawsuit-302874168.html\n(https://www.prnewswire.com/news-releases/ccoi-deadline-ccoi-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-cogent-communications-holdings-inc-securities-fraud-lawsuit-302874168.html)\n\nSOURCE THE ROSEN LAW FIRM, P. A.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1118010/Rosen-Law-Firm-Logo.jpg?id=OA2939225\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-09T20:45:00.069603745Z","server_sent_at_ms":1788986700069},"received_at":"2026-09-09T20:45:00.154Z","source_url":"https://www.prnewswire.com/news-releases/ccoi-deadline-ccoi-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-cogent-communications-holdings-inc-securities-fraud-lawsuit-302874168.html"},"analysis":{"id":"128537","press_release_id":"139702","analysis_json":{"industry":{"label":"Diversified Telecommunication Services","sector":"Communication Services"},"redFlags":["Unproven allegations that the majority of Cogent's optical wavelength 'backlog' orders were unlikely to convert to paid orders","Allegation that Cogent was off-track on revenue and margin targets and lacked capacity to maintain its long-standing dividend","Allegation that executive David Schaeffer engaged in high-risk stock pledging that could force large share sales"],"eventType":"legal_litigation","narrative":"Rosen Law Firm issued a solicitation notice reminding purchasers of Cogent Communications Holdings (NASDAQ: CCOI) stock between February 29, 2024 and May 1, 2026 of the September 21, 2026 lead plaintiff deadline in a previously filed securities fraud class action.\n\nThe complaint alleges Cogent misrepresented demand in its optical wavelength \"backlog,\" that revenue and margin targets lacked a reasonable basis, that it lacked capacity to sustain its dividend, and that executive David Schaeffer faced undisclosed stock-pledging risk.\n\nNo class has been certified and the release is law-firm marketing rather than a new issuer disclosure; the underlying allegations are unproven and should be treated as low-signal noise for trading purposes.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation — suppress; the backlog/dividend/pledging allegations are notable context but already-public lawsuit claims, not new issuer disclosure."},"keyFigures":{"customDimensions":{"class_period":"2024-02-29 to 2026-05-01","investor_loss_threshold":"$100K","lead_plaintiff_deadline":"2026-09-21"}},"namedEntities":{"people":[{"name":"Phillip Kim, Esq.","role":"Rosen Law Firm attorney / case contact"},{"name":"Laurence Rosen, Esq.","role":"Rosen Law Firm founding partner"},{"name":"David Schaeffer","role":"defendant; Cogent executive allegedly engaged in stock pledging"}],"products":[],"companies":[{"name":"Cogent Communications Holdings, Inc.","ticker":"CCOI","relationship":"defendant issuer (litigation target)"},{"name":"The Rosen Law Firm, P.A.","relationship":"plaintiff law firm issuing solicitation"}],"dollarAmounts":[{"amount":"$100K","context":"investor loss threshold for lead plaintiff opportunity"},{"amount":"$438 million","context":"amount Rosen Law Firm says it secured for investors in 2019 (firm marketing boilerplate)"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by Rosen Law Firm reminding CCOI investors of a lead plaintiff deadline. No class has been certified, no settlement announced, and no new disclosure from the issuer; this is law-firm marketing, not company news."},"tickerRelevance":{"others":[],"primary":"CCOI"},"globalImportance":15,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","classCertified":false,"issuerAuthored":false,"allegationNotability":"dividend sustainability and CEO pledging claims are substantive but unproven"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Rosen Law Firm issued a solicitation notice reminding purchasers of Cogent Communications Holdings (NASDAQ: CCOI) stock between February 29, 2024 and May 1, 2026 of the September 21, 2026 lead plaintiff deadline in a previously filed securities fraud class action.\n\nThe complaint alleges Cogent misrepresented demand in its optical wavelength \"backlog,\" that revenue and margin targets lacked a reasonable basis, that it lacked capacity to sustain its dividend, and that executive David Schaeffer faced undisclosed stock-pledging risk.\n\nNo class has been certified and the release is law-firm marketing rather than a new issuer disclosure; the underlying allegations are unproven and should be treated as low-signal noise for trading purposes.","key_figures":{"customDimensions":{"class_period":"2024-02-29 to 2026-05-01","investor_loss_threshold":"$100K","lead_plaintiff_deadline":"2026-09-21"}},"named_entities":{"people":[{"name":"Phillip Kim, Esq.","role":"Rosen Law Firm attorney / case contact"},{"name":"Laurence Rosen, Esq.","role":"Rosen Law Firm founding partner"},{"name":"David Schaeffer","role":"defendant; Cogent executive allegedly engaged in stock pledging"}],"products":[],"companies":[{"name":"Cogent Communications Holdings, Inc.","ticker":"CCOI","relationship":"defendant issuer (litigation target)"},{"name":"The Rosen Law Firm, P.A.","relationship":"plaintiff law firm issuing solicitation"}],"dollarAmounts":[{"amount":"$100K","context":"investor loss threshold for lead plaintiff opportunity"},{"amount":"$438 million","context":"amount Rosen Law Firm says it secured for investors in 2019 (firm marketing boilerplate)"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-09T20:45:19.895Z","global_importance":15,"audience_relevance":12,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","classCertified":false,"issuerAuthored":false,"allegationNotability":"dividend sustainability and CEO pledging claims are substantive but unproven"}},"durationMs":19782,"modelName":"glm-5.3-flash"}}