Recent Updates


Class Action Reports

OSH Class Action: Learn About the Oak Street Lawsuit

Levi & Korsinsky, LLP

January 17, 2022

Levi & Korsinsky, LLP announces that an OSH class action lawsuit has been filed on behalf of investors who purchased Oak Street Health, Inc. (OSH) securities between August 6, 2020, and November 8, 2021. For more on the OSH Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Oak Street lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) that Oak Street maintained relationships with third-party marketing agents likely to provoke law enforcement scrutiny; (2) that Oak Street was providing free transportation to federal health care beneficiaries in a manner that would provoke law enforcement scrutiny; (3) that these activities may be violations of the False Claims Act; (4) that, as such, Oak Street was at heightened risk of investigation by the U.S. Department of Justice and/or other federal law enforcement agencies; (5) that, as a result, Oak Street was subject to adverse impacts related to defence and settlement costs and diversion of management resources; and (6) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE OSH CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Oak Street you have until March 14, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

TLIS Class Action: Learn About the Talis Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a TLIS class action lawsuit has been filed on behalf of investors who purchased Talis Biomedical Corporation (TLIS) common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s February 2021 initial public offering (“IPO”). You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Northern District of California.  For more on the TLIS Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Talis lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) that the comparator assay in the primary study lacked sufficient sensitivity to support Talis’s Emergency Use Authorization application for Talis One COVID-19 test; (2) that, as a result, Talis was reasonably likely to experience delays in obtaining regulatory approval for the Talis One COVID-19 test; (3) that, as a result, the Company’s commercialization timeline would be significantly delayed; and (4) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE TLIS CLASS ACTION LAWSUIT, CLICK HERE  

 

If you suffered a loss in Talis you have until March 8, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.  

 

 

CONTACT: 


Levi & Korsinsky, LLP  

Joseph E. Levi, Esq.  

55 Broadway, 10th Floor  

New York, NY 10006  

jlevi@levikorsinsky.com  

Tel: (212) 363-7500  

Fax: (212) 363-7171  

www.zlk.com  


Class Action Reports

FSLR Class Action: Learn About the First Solar Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an FSLR class action lawsuit has been filed on behalf of investors who purchased First Solar, Inc. (FSLR) securities between February 22, 2019, and February 20, 2020. For more on the FSLR Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the First Solar lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint, defendants made repeated misrepresentations to investors regarding the development of First Solar’s newest “Series 6” solar module, the cost per unit it could achieve with that module, and the impact the changeover to this new product would have on the viability of its other business segments. As a result of the defendants’ misrepresentations, First Solar common stock was traded at artificially inflated prices during the class period.

 

TO LEARN MORE ABOUT THE FSLR CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in First Solar you have until March 8, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

DISCA Class Action: Learn About the Discovery Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a DISCA class action lawsuit has been filed on behalf of investors who purchased Discovery Inc. (DISCA) securities between March 22, 2021, and March 29, 2021 For more on the DISCA Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Discovery lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint: Goldman Sachs and Morgan Stanley sold a large amount of Discovery shares during the class period while in possession of material, non-public information about Archegos and its need to fully liquidate its position in the Company because of margin call pressure. As a result of these sales, Defendants Goldman Sachs and Morgan Stanley avoided billions in losses combined.

 

TO LEARN MORE ABOUT THE DISCA CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Discovery you have until March 8, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com

 


Class Action Reports

MMAT Class Action: Learn About the Meta Materials Lawsuit

Levi & Korsinsky, LLP

January 11, 2022

Levi & Korsinsky, LLP announces that an MMAT class action lawsuit has been filed on behalf of investors who purchased Meta Materials Inc. f/k/a Torchlight Energy Resources, Inc. (MMAT) securities between September 21, 2020, and December 14, 2021. For more on the MMAT Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Meta Materials lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:  (1) the business combination would result in a U.S. Securities and Exchange Commission investigation and subpoena in the matter captioned In the matter of Torchlight Energy Resources, Inc.; (2) the Company has materially overstated its business connections and dealings; (3) the Company has materially overstated its ability to produce and commercialize its products; (4) the Company has materially overstated its products’ novelty and capabilities; (5) the Company’s products did not have the potential to be disruptive because, among other things, the Company priced its products too high; and (6) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

 

TO LEARN MORE ABOUT THE MMAT CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Meta Materials you have until March 4, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

INSD Class Action: Learn About the Instadose Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an INSD class action lawsuit has been filed on behalf of investors who purchased Instadose Pharma Corp. f/k/a Mikrocoze, Inc.(INSD) securities between December 8, 2020, and November 24, 2021. For more on the INSD Lawsuit please contact us today.

 

 

 

According to the Instadose lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Instadose had performed inadequate due diligence into the business combination and/or ignored significant red flags associated with Instadose Canada; (ii) Instadose’s internal controls and policies were inadequate to detect and/or prevent impermissible trading activity by control persons of the Company; (iii) the foregoing subjected Instadose to a heightened risk of regulatory scrutiny and enforcement action; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

TO LEARN MORE ABOUT THE INSD CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Instadose you have until February 28, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

Levi and Korsinsky

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

BHG Class Action: Learn About the Bright Health Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a BHG class action lawsuit has been filed on behalf of investors who purchased Bright Health Group, Inc. (BHG) (a) common stock pursuant and/or traceable to the documents issued in connection with the Company’s initial public offering conducted on or about June 24, 2021; and/or (b) securities between June 24, 2021, and November 10, 2021.  For more on the BHG Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Bright Health lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Bright Health had overstated its post-IPO business and financial prospects; (ii) the Company was ill-equipped to handle the impact of COVID-19-related costs; (iii) the Company was experiencing a decline in premium revenue because of a failure to capture risk adjustment on newly added lives; (iv) all the foregoing was reasonably likely to have a material negative impact on Bright Health’s business and financial condition; and (v) as a result, the documents issued in connection with the IPO and Defendants’ public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.

 

TO LEARN MORE ABOUT THE BHG CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Bright Health you have until March 7, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

DOCU Class Action: Learn About the Docusign Lawsuit

Levi & Korsinsky, LLP

January 3, 2022

Levi & Korsinsky, LLP announces that a DOCU class action lawsuit has been filed on behalf of investors who purchased Docusign, Inc. (DOCU) securities between March 27, 2020, and December 2, 2021. For more on the DOCU Lawsuit please contact us today.

 

According to the Docusign lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the impact of the Covid-19 pandemic on DocuSign’s business was positive, not negative; (2) DocuSign misrepresented the role that the Covid-19 pandemic had on its growth; (3) DocuSign downplayed the impact that a ‘return to normal’ would have on the Company’s growth and business; and (4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

 

TO LEARN MORE ABOUT THE DOCU CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Docusign you have until February 22, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

Levi and Korsinsky

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

CHGG Class Action: Learn About the Chegg Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a CHGG class action lawsuit has been filed on behalf of investors who purchased Chegg, Inc.  (CHGG) securities between May 5, 2020, and November 1, 2021. For more on the CHGG Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Chegg lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Chegg’s increase in subscribers, growth, and revenue had been a temporary effect of the COVID-19 pandemic that resulted in remote education for the vast majority of United States students and once the pandemic-related restrictions eased and students returned to campuses nationwide, Chegg’s extraordinary growth trends would end; (ii) Chegg’s subscriber and revenue growth were largely due to the facilitation of remote education cheating – an unstable business proposition – rather than the strength of its business model or the acumen of its senior executives and directors; and (iii) as a result, the Company’s current business metrics and financial prospects were not as strong as it had led the market to believe during the Class Period.

 

TO LEARN MORE ABOUT THE CHGG CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Chegg you have until February 22, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

FFIE Class Action: Learn About the Faraday Future Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an FFIE class action lawsuit has been filed on behalf of investors who purchased Faraday Future Intelligent Electric Inc. F/K/A Property Solutions Acquisition Corp.(FFIE) securities between January 28, 2021, and November 15, 2021.  For more on the FFIE Lawsuit please contact us today.

 

 

 

 

According to the Faraday Future lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company had assets in China frozen by courts, (2) a significant percentage of its deposits for future deliveries were attributable to a single undisclosed affiliate; (3) the Company’s cars were not as close to production as the Company claimed; (4) as a result of previously issued statements that were misleading and/or inaccurate, Faraday Future could not timely file its quarterly report; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE FFIE CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Faraday Future you have until February 22, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi and Korsinsky

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

DM Class Action: Learn About the Desktop Metal Lawsuit

Levi & Korsinsky, LLP

December 28, 2021

Levi & Korsinsky, LLP announces that a DM class action lawsuit has been filed on behalf of investors who purchased Desktop Metal, Inc. (DM) securities between March 15, 2021, and November 15, 2021. For more on the DM Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

 

According to the Desktop Metal lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint: (1) there were deficiencies in EnvisionTEC’s manufacturing and product compliance practices and procedures; (2) the foregoing deficiencies presented a material risk to the commercialization of EnvisionTEC’s products; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE DM CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Desktop Metal you have until February 22, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

ARVL Class Action: Learn About the Arrival Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an ARVL class action lawsuit has been filed on behalf of investors who purchased Arrival SA. (ARVL) securities between November 18, 2020, and November 19, 2021. For more on the ARVL Lawsuit please contact us today.

 

 

 

According to the Arrival lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company would record a substantially greater net loss and adjusted earnings before interest, taxes, depreciation, and amortization (“EBITDA”) loss in the third quarter of 2021 compared to the third quarter of 2020; (ii) the Company would experience far greater capital and operational expense to operate and deploy its micro-factories and manufacture EV vehicles than it had disclosed; (iii) the Company would not capitalize on or achieve profitability or provide meaningful revenue in the time periods disclosed; (iv) the Company would not achieve its disclosed production and sales volumes; (v) the Company would not meet the disclosed production rollout deadlines. Accordingly, the Company materially overstated its financial and operational position and/or prospects, and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

TO LEARN MORE ABOUT THE ARVL CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Arrival you have until February 22, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

Levi and Korsinsky

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

MARA Class Action: Learn About the Marathon Lawsuit

Levi & Korsinsky, LLP

December 23, 2021

Levi & Korsinsky, LLP announces that a MARA class action lawsuit has been filed on behalf of investors who purchased Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. (MARA) securities between October 13, 2020, and November 15, 2021. For more on the MARA Lawsuit please contact us today.

 

 

 

According to the Marathon lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint: (i) the Beowulf Joint Venture, as it related to the Hardin Facility, implicated potential regulatory violations, including U.S. securities law violations; (ii) as a result, the Beowulf Joint Venture subjected Marathon to a heightened risk of regulatory scrutiny; (iii) the foregoing was reasonably likely to have a material negative impact on the Company’s business and commercial prospects; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

TO LEARN MORE ABOUT THE MARA CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Marathon you have until February 15, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

Levi and Korsinsky

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com

 


Class Action Reports

RETA Class Action: Learn About the Reata Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a RETA class action lawsuit has been filed on behalf of investors who purchased Reata Pharmaceuticals, Inc. (RETA) securities between November 9, 2020, and December 8, 2021. For more on the RETA Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Reata lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Food and Drug Administration had raised concerns regarding the validity of the clinical study designed to measure the efficacy and safety of bardoxolone for the treatment of chronic kidney disease caused by Alport syndrome; (2) as a result, there was a material risk that Reata’s New Drug Application would not be approved; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE RETA CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Reata you have until February 18, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com

 


Class Action Reports

RDW Class Action: Learn About the Redwire Lawsuit

Levi & Korsinsky, LLP

December 22, 2021

Levi & Korsinsky, LLP announces that an RDW class action lawsuit has been filed on behalf of investors who purchased Redwire Corporation f/k/a/ Genesis Park Acquisition Corp (RDW) securities between August 11, 2021, and November 14, 2021. For more on the RDW Lawsuit please contact us today.

 

 

 

According to the Redwire lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) there were accounting issues at one of Redwire’s subunits; (2) as a result, there were additional material weaknesses in Redwire’s internal control over financial reporting; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE RDW CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Redwire you have until February 15, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

Levi and Korsinsky

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

BIDU Class Action: Learn About the Baidu Lawsuit

Levi & Korsinsky, LLP

December 21, 2021

Levi & Korsinsky, LLP announces that a BIDU class action lawsuit has been filed on behalf of investors who purchased Baidu, Inc(BIDU) securities between March 22, 2021, and March 29, 2021. For more on the BIDU Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Baidu lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint: Goldman Sachs Group Inc. and Morgan Stanley sold a large number of Baidu shares while in possession of material non-public information. The defendants knew that Archegos Capital Management would need to fully liquidate its position in Baidu based on margin call pressures. The defendants avoided billions in losses by selling the Company’s shares while in possession of this information. When the market learned the truth about Baidu, investors suffered damages.

 

TO LEARN MORE ABOUT THE BIDU CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Baidu you have until February 14, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

HOOD Class Action: Learn About the Robinhood Lawsuit 

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a HOOD class action lawsuit has been filed on behalf of investors who purchased Robinhood Markets, Inc.(HOOD) shares pursuant and/or traceable to the Company’s initial public offering (“IPO”) conducted in July 2021. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Northern District of California. For more on the HOOD Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Robinhoodlawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the lawsuit, documents that the Company issued in connection with its IPO contained representations that were materially inaccurate, misleading, and/or incomplete because they failed to disclose that, at the time of the IPO, Robinhood’s revenue growth was experiencing a major reversal, with transaction-based revenues from cryptocurrency trading serving only as a short-term, transitory injection masking what was actually stagnating growth. In addition, the Company’s “significant investments” in enhancing the reliability and scalability of its platform were patently inadequate and/or defective, exposing Robinhood to worsening service-level disruptions and security breaches, particularly as the Company scaled its services to a larger user base.

 

TO LEARN MORE ABOUT THE HOOD CLASS ACTION LAWSUIT, CLICK HERE  

 

If you suffered a loss in Robinhood you have until February 15, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.  

 

 

CONTACT: 


Levi & Korsinsky, LLP  

Joseph E. Levi, Esq.  

55 Broadway, 10th Floor  

New York, NY 10006  

jlevi@levikorsinsky.com  

Tel: (212) 363-7500  

Fax: (212) 363-7171  

www.zlk.com  


Class Action Reports

PSFE Class Action: Learn About the Paysafe Lawsuit

Levi & Korsinsky, LLP

December 17, 2021

Levi & Korsinsky, LLP announces that a PSFE class action lawsuit has been filed on behalf of investors who purchased Paysafe Limited (PSFE) securities between December 7, 2020, and November 10, 2021. For more on the PSFE Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

 

According to the Paysafe lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Paysafe was being negatively impacted by gambling regulations in key European markets; (2) Paysafe was encountering performance challenges in its Digital Wallet segment; (3) new eCommerce customer agreements were being pushed back; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE PSFE CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Paysafe you have until February 8, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

SNBR Class Action: Learn About the Sleep Number Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an SNBR class action lawsuit has been filed on behalf of investors who purchased Sleep Number Corporation (SNBR) securities between February 18, 2021, and July 20, 2021. For more on the SNBR Lawsuit please contact us today.

 

Levi & Kowsinsky Securities Class Action Lawyers

 

According to the Sleep Number lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (a) Sleep Number had suffered a severe disruption in its supply chain for foam as a result of Winter Storm Uri; (b) Sleep Number did not have in place the supply chain flexibility, redundancies and fail-safes, as had been represented to investors, sufficient to offset the foam supply disruption caused by Winter Storm Uri; (c) because foam was a necessary component for Sleep Number’s production of its primary mattress products, Sleep Number’s ability to timely fulfill customer orders had been materially impaired; (d) as a result of (a)-(c) above, Sleep Number was unable to meet surging customer demand for the Company’s products; and (e) as a result of (a)-(d) above, Sleep Number had been forced to delay mattress shipments to end consumers, pushing millions of dollars’ worth of sales into subsequent quarters and negatively impacting the Company’s financial results.

 

TO LEARN MORE ABOUT THE SNBR CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Sleep Number you have until February 14, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com


Class Action Reports

RAAS Class Action: Learn About the Cloopen Lawsuit

Levi & Korsinsky, LLP

December 15, 2021

Levi & Korsinsky, LLP announces that a RAAS class action lawsuit has been filed on behalf of investors who purchased Cloopen Group Holding Limited  (RAAS) (a)pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s February 2021 initial public offering; and/or (b)between February 9, 2021, and May 10, 2021, inclusive. For more on the RAAS Lawsuit please contact us today.   

 

Levi & Kowsinsky Securities Class Action Lawyers

 

 

According to the Cloopen lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: an increasing number of its customers were refusing to pay, forcing the Company to record massive increases in its accounts receivables and allowance for doubtful accounts. The Registration Statement also failed to disclose that Cloopen was weighed down by massive liabilities related to the fair value of certain recently-granted warrants.

 

TO LEARN MORE ABOUT THE RAAS CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Cloopen you have until February 8, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com