Recent Updates


Class Action Reports

WFC Class Action: Learn About the Wells Fargo Lawsuit

Levi & Korsinsky, LLP

July 5, 2022

Levi & Korsinsky, LLP announces that a WFC class action lawsuit has been commenced on behalf of investors who purchased Wells Fargo & Company (WFC) securities between February 24, 2021 and June 9, 2022. For more on the WFC Class Action please contact us today.

 

 

 

 

According to the Wells Fargo lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Wells Fargo had misrepresented its commitment to diversity in the Company’s workplace; (ii) Wells Fargo conducted fake job interviews in order to meet its Diverse Search Requirement; (iii) the foregoing conduct subjected Wells Fargo to an increased risk of regulatory and/or governmental scrutiny and enforcement action, including criminal charges; (iv) all of the foregoing, once revealed, was likely to negatively impact Wells Fargo’s reputation; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

 

TO LEARN MORE ABOUT THE WFC CLASS ACTION, CLICK HERE

 

If you suffered a loss in Wells Fargo you have until August 29, 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

NOTV Class Action: Learn About the Inotiv Lawsuit

Levi & Korsinsky, LLP

June 24, 2022

Levi & Korsinsky, LLP announces that a NOTV class action lawsuit has been filed on behalf of investors who purchased Inotiv, Inc. (NOTV) securities between September 21, 2021, and June 13, 2022. For more on the NOTV Lawsuit please contact us today.

 

 

 

According to the Inotiv lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:  (1) Inotiv’s acquisition, Envigo RMS, LL (“Envigo”), and Inotiv’s Cumberland, Virginia facility (the “Cumberland Facility”) engaged in widespread and flagrant violations of the Animal Welfare Act (“AWA”); (2) Envigo and Inotiv’s Cumberland Facility continuously violated the AWA; (3) Envigo and Inotiv did not properly remedy issues with regards to animal welfare at the Cumberland facility; (4) as a result, Inotiv was likely to face increased scrutiny and governmental action; (5) Inotiv would imminently shut down two facilities, including the Cumberland Facility; (6) Inotiv did not engage in proper due diligence; and (7) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

 

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

 

If you suffered a loss in Inotiv you have until August 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

YEXT Class Action: Learn About the Yext Lawsuit

Levi & Korsinsky, LLP

June 23, 2022

Levi & Korsinsky, LLP announces that a YEXT class action lawsuit has been filed on behalf of investors who purchased Yext, Inc.(YEXT) securities between March 4, 2021, and March 8, 2022.  For more on the YEXT Lawsuit please contact us today.

 

 

 

According to the Yext lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Yext’s revenue and earnings were significantly deteriorating because of, among other things, poor sales execution and performance, as well as COVID-19 related disruptions; (ii) accordingly, Yext was unlikely to meet consensus estimates for its full-year fiscal 2022 financial results and fiscal 2023 outlook; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Yext you have until August 16, 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

XRAY Class Action: Learn About the Dentsply Lawsuit

Levi & Korsinsky, LLP

June 22, 2022

Levi & Korsinsky, LLP announces that an XRAY class action lawsuit has been filed on behalf of investors who purchased Dentsply Sirona Inc. (XRAY) securities between June 9, 2021, and May 9, 2022. For more on the XRAY Lawsuit please contact us today.

 

 

 

According to the Dentsply lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint, defendants orchestrated a scheme to inflate Dentsply’s revenue and earnings by manipulating the Company’s accounting for a distributor rebate program so that senior executives would be eligible for significant cash and stock-based incentive compensation. In order to facilitate this scheme, Dentsply and its executives made numerous false and misleading statements to investors during the class period. As a result of the defendants’ misrepresentations, Dentsply’s common stock was traded at artificially inflated prices during the class period.

 

 

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

 

If you suffered a loss in Dentsply you have until August 1, 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

TUP Class Action: Learn About the Tupperware Lawsuit

Levi & Korsinsky, LLP

June 20, 2022

Levi & Korsinsky, LLP announces that a TUP class action lawsuit has been filed on behalf of investors who purchased Tupperware Brands Corporation (TUP) securities between November 3, 2021, and May 3, 2022.  For more on the TUP Lawsuit please contact us today.

 

 

 

According to the Tupperware lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware’s full-year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware’s financial condition; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Tupperware you have until August 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

UL Class Action: Learn About the Unilever Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a UL class action lawsuit has been filed on behalf of investors who purchased Unilever PLC (UL) securities between September 2, 2020, and July 21, 2021 For more on the UL Lawsuit please contact us today.

 

 

 

According to the Unilever lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: a) in July 2020, the board of Ben & Jerry’s, one of Unilever’s marquee brands, passed a resolution to end sales of its ice cream in “Occupied Palestinian Territory”; and b) this boycott decision risked adverse governmental actions for violations of laws, executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel adopted by 35 U.S. states.

 

 

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

 

If you suffered a loss in Unilever you have until  August 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

WM Class Action: Learn About the Waste Management Lawsuit

Levi & Korsinsky, LLP

June 15, 2022

Levi & Korsinsky, LLP announces that a WM class action lawsuit has been filed on behalf of investors who purchased Waste Management, Inc. (WM) securities between February 13, 2020, and June 23, 2020 For more on the WM Lawsuit please contact us today.

 

 

According to the Waste Management lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:  (i) the U.S. Department of Justice had indicated to Waste Management that it would require Waste Management to divest significantly more assets than the $200 million indicated in the merger agreement between the Company and Advanced Disposal Services; (ii) as a result, the merger would not be completed by July 14, 2020, the end date under the merger agreement; and (iii) the Waste Management redeemable senior notes would be subject to mandatory redemption at 101% of par.

 

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

 

If you suffered a loss in Waste Management you have until August 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

TDOC Class Action: Learn About the Teladoc Lawsuit

Levi & Korsinsky, LLP

June 8, 2022

Levi & Korsinsky, LLP announces that a TDOC class action lawsuit has been filed on behalf of investors who purchased  Teladoc Health, Inc.  (TDOC) securities between October 28, 2021, and April 27, 2022. For more on the TDOC Lawsuit please contact us today.

 

 

 

According to the Teladoc lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:  (i) increased competition, among other factors, was negatively impacting Teladoc’s BetterHelp and chronic care businesses; (ii) accordingly, the growth of those businesses was less sustainable than Defendants had led investors to believe; (iii) as a result, Teladoc’s revenue and adjusted EBITDA projections for FY 2022 were unrealistic; (iv) as a result of all the foregoing, Teladoc would be forced to recognize a significant non-cash goodwill impairment charge; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Teladoc you have until August 5, 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

APPS Class Action: Learn About the Digital Turbine Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an APPS class action lawsuit has been filed on behalf of investors who purchased Digital Turbine, Inc. (APPS) securities between August 9, 2021, and May 17, 2022. For more on the APPS Lawsuit please contact us today.

 

 

 

 

 

According to the Digital Turbine lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company’s internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company’s net revenues was overstated throughout fiscal 2022; 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 APPS CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Digital Turbineyou have until August 5, 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

APYX Class Action: Learn About the Apyx Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an APYX class action lawsuit has been filed on behalf of investors who purchased Apyx Medical Corporation  (APYX) securities between May 12, 2021, and March 11, 2022. For more on the APYX Lawsuit please contact us today.

 

 

 

According to the Apyx lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) a significant number of Apyx’s Advanced Energy products were used for off-label indications; (2) such off-label uses led to an increase in the number of medical device reports filed by Apyx reporting serious adverse events; (3) as a result, the Company was reasonably likely to incur regulatory scrutiny; (4) as a result of the foregoing, the Company’s financial results would be adversely impacted; 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 APYX CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Apyx you have until August 5, 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

VRCA Class Action: Learn About the Verrica Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a VRCA class action lawsuit has been filed on behalf of investors who purchased Verrica Pharmaceuticals, Inc. (VRCA) securities between May 28, 2021, and May 24, 2022. For more on the VRCA Lawsuit please contact us today.

 

 

 

According to the Verricalawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:(1) there were manufacturing deficiencies at the facility where Verrica’s contract manufacturer produced a bulk solution for the Company’s lead product candidate, VP-102; (2) these deficiencies were not remediated when Verrica resubmitted its New Drug Application for VP-12 for molluscum; (3) the foregoing presented significant risks to Verrica obtaining regulatory approval of VP-102 for molluscum; 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 VRCA CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Verrica you have until August 5, 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

ET Class Action: Learn About the Energy Transfer Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an ET class action lawsuit has been filed on behalf of investors who purchased Energy Transfer LP (ET) securities between April 13, 2017, and December 20, 2021, For more on the ET Lawsuit please contact us today.

 

 

According to the Energy Transfer lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (a) Energy Transfer had inadequate internal controls and procedures to prevent contractors from engaging in illegal conduct with regards to drilling activities, and/or failed to adequately mitigate known issues related to such controls and procedures; (b) Energy Transfer, through its subsidiary Rover Pipeline, LLC, hired a third-party contractor to conduct Horizontal Directional Drilling Activities for the Rover Pipeline Project, whose conduct of adding illegal additives in the drilling mud caused severe pollution near the Tuscarawas River when a sizeable inadvertent release took place on April 13, 2017; (c) Energy Transfer continually downplayed its potential civil liabilities when the Federal Energy Regulatory Commission (“FERC”) was actively investigating the Energy Transfer’s wrongdoing related to the April 13 release and consistently provided it with updated information about FERC’s findings on this matter.

 

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

 

If you suffered a loss in Energy Transfer you have until August 2, 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

IONQ Class Action: Learn About the IonQ Lawsuit

Levi & Korsinsky, LLP

June 2, 2022

Levi & Korsinsky, LLP announces that an IONQ class action lawsuit has been filed on behalf of investors who purchased IonQ, Inc.(IONQ) securities between March 30, 2021, and May 2, 2022. For more on the IONQ Lawsuit please contact us today.

 

 

According to the IonQ lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) IonQ had not yet developed a 32-qubit quantum computer; (2) the Company’s 11-qubit quantum computer suffered from significant error rates, rendering it useless; (3) IonQ’s quantum the computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers; (4) a significant portion of IonQ’s revenue was derived from improper roundtripping transactions with related parties; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were the materially misleading and/or lacked a reasonable basis.

 

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

 

If you suffered a loss in IonQ you have until August 1, 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

SPRO Class Action: Learn About the Spero Therapeutics Lawsuit

Levi & Korsinsky, LLP

June 1, 2022

Levi & Korsinsky, LLP announces that an SPRO class action lawsuit has been filed on behalf of investors who purchased Spero Therapeutics, Inc. (SPRO) securities between October 28, 2021, and May 2, 2022. For more on the SPRO Lawsuit please contact us today.

 

 

According to the Spero Therapeutics lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:(i) the data submitted in support of the New Drug Application (“NDA”) for the Company’s product candidate, Tebipenem HBr, were insufficient to obtain approval from the U.S. Food and Drug Administration (“FDA”); (ii) accordingly, it was unlikely that the FDA would approve the Tebipenem HBr NDA in its current form; (iii) the foregoing would necessitate a significant workforce reduction and restructuring of Spero’s operations; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Spero Therapeutics you have until July 25, 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

CDNA Class Action: Learn About the CareDx Lawsuit

Levi & Korsinsky, LLP

May 26, 2022

Levi & Korsinsky, LLP announces that a CDNA class action lawsuit has been filed on behalf of investors who purchased CareDx, Inc.  (CDNA) securities between February 24, 2021, and May 5, 2022. For more on the CDNA Lawsuit please contact us today.

 

 

According to the CareDx lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) defendants had engaged in a variety of improper and illegal schemes to inflate testing services revenue and demand, including pushing a surveillance protocol through inaccurate marketing materials, offering extravagant inducements or kickbacks to physicians and other providers, and improperly bundling expensive testing services with other blood tests as part of the Company’s RemoTraC service for remote, home-based, blood-drawing; (2) these practices, and others, subjected CareDx to an undisclosed risk of regulatory scrutiny; (3) these practices rendered the Company’s testing services revenue reported throughout the class period artificially inflated; and (4) as a result, defendants’ positive statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

 

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

 

If you suffered a loss in CareDx you have until July 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

OKTA Class Action: Learn About the Okta Lawsuit

Levi & Korsinsky, LLP

May 25, 2022

Levi & Korsinsky, LLP announces that an OKTA class action lawsuit has been filed on behalf of investors who purchased Okta, Inc.(OKTA) securities between March 5, 2021, and March 22, 2022. For more on the OKTA Lawsuit please contact us today.

 

 

According to the Okta lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Okta had inadequate cybersecurity controls; (ii) as a result, Okta’s systems were vulnerable to data breaches; (iii) Okta ultimately did experience a data breach caused by a hacking group, which potentially affected hundreds of Okta customers; (iv) Okta initially did not disclose and subsequently downplayed the severity of the data breach; (v) all the foregoing, once revealed, was likely to have a material negative impact on Okta’s business, financial condition, and reputation; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Okta you have until July 19, 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

PEGA Class Action: Learn About the PEGA Lawsuit

Levi & Korsinsky, LLP

May 23, 2022

Levi & Korsinsky, LLP announces that a PEGA class action lawsuit has been filed on behalf of investors who purchased Pegasystems Inc.  (PEGA) securities between May 29, 2020, and May 9, 2022 For more on the PEGA Lawsuit please contact us today.

 

 

 

According to the PEGA lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) PEGA had engaged in corporate espionage and misappropriation of trade secrets to better compete against Appian, a principal competitor; (2) defendants’ product development and associated success was, in significant part, not the result of its own research and product testing but rather the result of such corporate espionage and trade secret theft; (3) defendants had engaged in a scheme to steal Appian trade secrets, which was not only known to, but carried out through, the personal involvement of the Company’s CEO; (4) the Company’s CEO and other officers and employees did not comply with the Company’s written Code of Conduct, including its express prohibition on “stealing” confidential information from a competitor and “misrepresenting your identity in hopes of obtaining confidential information”; (5) the Company was “unable to reasonably estimate damages” in the lawsuit filed by Appian as a result of the foregoing misconduct (the “Appian Litigation”); and (6) as a result of the foregoing, defendants’ statements about PEGA’s business, operations, prospects, legal compliance, and potential damages exposure in the Appian Litigation were materially false and/or misleading and/or lacked a reasonable basis when made.

 

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

 

If you suffered a loss in PEGA you have until  July 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

AXSM Class Action: Learn About the Axsome Lawsuit

Levi & Korsinsky, LLP

May 17, 2022

Levi & Korsinsky, LLP announces that an AXSM class action lawsuit has been filed on behalf of investors who purchased Axsome Therapeutics, Inc.(AXSM) securities between December 30, 2019, and April 22, 2022. For more on the AXSM Lawsuit please contact us today.

 

 

 

According to the Axsome lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Axsome’s chemistry, manufacturing, and control (“CMC”) practices were deficient with respect to AXS-07, the Company’s medicine for the acute treatment of migraine, and its manufacturing process; (ii) as a result, Axsome was unlikely to submit the AXS-07 New Drug Application (“NDA”) on its initially represented timeline; (iii) the foregoing CMC issues remained unresolved at the time that the U.S. Food and Drug Administration (“FDA”) reviewed the AXS-07 NDA; (iv) accordingly, the FDA was unlikely to approve the AXS-07 NDA; (v) as a result of all the foregoing, Axsome had overstated AXS-07’s regulatory and commercial 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 AXSM CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Axsome you have until July 12, 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

UPST Class Action: Learn About the Upstart Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a UPST class action lawsuit has been filed on behalf of investors who purchased Upstart, Inc.  (UPST) securities between November 9, 2021, and May 9, 2022.  For more on the UPST Lawsuit please contact us today.

 

 

According to the Upstart lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:(1) Upstart’s AI model could not adequately account for macroeconomic factors such as interest rates that impact the market-clearing price for loans; (2) as a result, Upstart was experiencing a negative impact on its conversion rate; (3) as a result, the Company was reasonably likely to use its balance sheet to fund loans; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

 

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

 

If you suffered a loss in Upstart you have until July 12, 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

OSCR Class Action: Learn About the Oscar Lawsuit

Levi & Korsinsky, LLP

May 16, 2022

Levi & Korsinsky, LLP announces that an OSCR class action lawsuit has been filed on behalf of investors who purchased Oscar Health, Inc. (OSCR) This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Oscar Class A common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s March 2021 initial public offering. For more on the OSCR Lawsuit please contact us today.

 

 

 

According to the Oscar lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Oscar was experiencing growing COVID-19 testing and treatment costs; (2) Oscar was experiencing growing net COVID costs; (3) Oscar would be negatively impacted by an unfavourable prior-year Risk Adjustment Data Validation result relating to 2019 and 2020; (4) Oscar was on track to be negatively impacted by significant SEP membership growth; 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 OSCR CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Oscar you have until July 11, 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

AMZN Class Action: Learn About the Amazon Lawsuit

Levi & Korsinsky, LLP

May 11, 2022

Levi & Korsinsky, LLP announces that an AMZN class action lawsuit has been filed on behalf of investors who purchased Amazon.com, Inc. (AMZN) securities between February 1, 2019, and April 5, 2022 For more on the AMZN Lawsuit please contact us today.

 

 

 

According to the Amazon lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Amazon engaged in anticompetitive conduct in its private-label business practices, including giving Amazon products preference over those of its competitors and using third-party sellers’ non-public data to compete with them; (ii) the foregoing exposed Amazon to a heightened risk of regulatory scrutiny and/or enforcement actions; (iii) Amazon’s revenues derived from its private-label business were in part the product of impermissible conduct and thus unsustainable; and (iv) as a result, the defendants’ public statements throughout the class period were materially false and/or misleading.

 

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

 

If you suffered a loss in Amazon you have until July 5, 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

MULN Class Action: Learn About the Mullen Automotive, Inc. f/k/a Net Element, Inc. or the “Company Lawsuit

Levi & Korsinsky, LLP

May 10, 2022

Levi & Korsinsky, LLP announces that a MULN class action lawsuit has been filed on behalf of investors who purchased Mullen Automotive, Inc. f/k/a Net Element, Inc. (MULN) securities between June 15, 2020, and April 6, 2022. For more on the MULN Lawsuit please contact us today.

 

 

According to the Mullen Automotive, Inc. f/k/a Net Element, Inc. or the “Company lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:  (1) Mullen overstates its ability and timeline regarding production; (2) Mullen overstates its deals with business partners, including Qiantu; (3) Mullen overstates its battery technology and capabilities; (4) Mullen overstates its ability to sell its branded products; (5) Net Element did not conduct proper due diligence into Mullen Technologies; (6) the Dragonfly K50, a luxury sports car, was not (solely) delayed due to the COVID-19 pandemic; and (7) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

 

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

 

If you suffered a loss in Mullen Automotive, Inc. f/k/a Net Element, Inc. or the “Company you have until July 5, 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

ARQQ Class Action: Learn About the Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an ARQQ class action lawsuit has been filed on behalf of investors who purchased Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. (ARQQ) This lawsuit is on behalf of: (i) all persons or entities who purchased or otherwise acquired Arqit securities between September 7, 2021, and April 18, 2022, inclusive (the “Class Period”); and/or (ii) all holders of Centricus securities as of the record date for the special meeting of shareholders held on August 31, 2021, to consider approval of the merger between Arqit and Centricus (the “Merger”) and entitled to vote on the Merger. For more on the ARQQ Lawsuit please contact us today.

 

 

 

According to the Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Arqit’s proposed encryption technology would require widespread adoption of new protocols and standards for telecommunications; (2) British cybersecurity officials questioned the viability of Arqit’s proposed encryption technology in a meeting in 2020; (3) the British government was not an Arqit customer but, rather, providing grants to Arqit; (4) Arqit had little more than an early-stage prototype of its encryption system at the time of the Merger; and (5) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

 

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

 

If you suffered a loss in Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. you have until July 5, 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

RSKD Class Action: Learn About the Riskified Lawsuit

Levi & Korsinsky, LLP

May 5, 2022

Levi & Korsinsky, LLP announces that an RSKD class action lawsuit has been filed on behalf of investors who purchased Riskified Ltd. (RSKD) The lawsuit seeks to recover losses on behalf of Riskified Ltd. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons or entities who purchased Riskified Class A ordinary shares in or traceable to the Company’s July 2021 initial public offering Follow the link below to get more information and be contacted by a member of our team for more on the RSKD Lawsuit please contact us today.

 

 

 

According to the Riskified lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) as Riskified expanded its user base, the quality of Riskified’s machine learning platform had deteriorated (rather than improved as represented in documents issued in connection with the July 2021 initial public offering), because of, among other things, inaccuracies in the algorithms associated with onboarding new merchants and entering new geographies and industries; (ii) Riskified had expanded its customer base into industries with relatively high rates of fraud – including partnerships with cryptocurrency and remittance business – in which Riskified had limited experience and that this expansion has negatively impacted the effectiveness of Riskified’s machine learning platform; (iii) as a result, Riskified was suffering from materially higher chargebacks and cost of revenue and depressed gross profits and gross profit margins during its third fiscal quarter of 2021; and (iv) thus, the representations in documents issued in connection with the July 2021 initial public offering regarding Riskified’s historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of Riskified prior to and at the time of the July 2021 initial public offering, and were materially false and misleading, and lacked a factual basis.

 

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

 

If you suffered a loss in Riskified you have until July 1, 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

NFLX Class Action: Learn About the Netflix Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an NFLX class action lawsuit has been filed on behalf of investors who purchased Netflix, Inc.(NFLX) securities between October 19, 2021, and April 19, 2022 For more on the NFLX Lawsuit please contact us today.

 

 

 

According to the Netflix lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Netflix was exhibiting slower acquisition growth due to, among other things, account sharing by customers and increased competition from other streaming services; (2) the Company was experiencing difficulties retaining customers; (3) as a result of the foregoing, the Company was losing subscribers on a net basis (4) as a result, the Company’s financial results were being adversely affected; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

 

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

 

If you suffered a loss in Netflix you have until July 5, 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

IIPR Class Action: Learn About the Innovative Industrial Properties Lawsuit

Levi & Korsinsky, LLP

April 29, 2022

Levi & Korsinsky, LLP announces that an IIPR class action lawsuit has been filed on behalf of investors who purchased Innovative Industrial Properties, Inc. (IIPR) securities between May 7, 2020, and April 13, 2022.  For more on the IIPR Lawsuit please contact us today.

 

 

 

According to the Innovative Industrial Properties lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Innovative Industrial Properties’ focus is to be a cannabis company lender rather than a REIT; (2) that the true values of the Company’s properties are significantly lower than Innovative Industrial Properties represents; (3) there are existential issues in its top customers; (4) as a result, its top customers may not be able to continue making payments to Innovative Industrial Properties and the Company would face significant issues replacing these customers; and (5) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

 

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

 

If you suffered a loss in Innovative Industrial Properties you have until June 24, 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

NTRA Class Action: Learn About the Natera Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an NTRA class action lawsuit has been filed on behalf of investors who purchased Natera, Inc. (NTRA) securities between February 26, 2020, and April 19, 2022. For more on the NTRA Lawsuit please contact us today.

 

 

According to the Natera lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s non-invasive prenatal test, Panorama, was not reliable and resulted in high rates of false positives; (2) the Company’s screening test for kidney transplant failure, Prospera, did not have superior precision compared to competing tests; (3) as a result of defendants’ false and misleading claims about Natera’s technology, the Company was exposed to substantial legal and regulatory risks; (4) Natera relied upon deceptive sales and billing practices to drive its revenue growth; and (5) as a result of the foregoing, defendants’ statements about the company’s business, operations, and prospects lacked a reasonable basis.

 

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

 

If you suffered a loss in Natera you have until June 27, 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

IRNT Class Action: Learn About the Ironnet Lawsuit

Levi & Korsinsky, LLP

April 26, 2022

Levi & Korsinsky, LLP announces that an IRNT class action lawsuit has been filed on behalf of investors who purchased Ironnet, Inc.(IRNT) securities between September 15, 2021, and December 15, 2021. For more on the IRNT Lawsuit please contact us today.

 

 

 

According to the Ironnet lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had materially overstated its business and financial prospects; (ii) the Company was unable to predict the timing of significant customer opportunities which constituted a substantial portion of its publicly- issued FY 2022 financial guidance; (iii) the Company had not established effective disclosure controls and procedures to reasonably ensure its public disclosures were timely, accurate, complete, and not otherwise misleading; and (iv) as a result, the Company’s public statements were materially false, misleading, and/or lacked any reasonable basis in fact at all relevant times.

 

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

 

If you suffered a loss in Ironnet you have until June 21, 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

BKKT Class Action: Learn About the Bakkt Holdings Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a BKKT class action lawsuit has been filed on behalf of investors who purchased Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings (BKKT) (a) Bakkt securities between March 31, 2021, and November 19, 2021, both dates inclusive; and/or (b) Bakkt Class A common stock pursuant and/or traceable to documents issued in connection with the business combination between the Company and Bakkt Holdings, LLC completed on or about October 15, 2021. For more on the BKKT Lawsuit please contact us today.

 

 

 

According to the Bakkt Holdings lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had defective financial controls; (ii) as a result, there were errors in the Company’s financial statements related to the misclassification of certain shares issued prior to the business combination between the Company and Bakkt Holdings, LLC; (iii) accordingly, the Company would need to restate certain of its financial statements; (iv) the Company downplayed the true scope and severity of these issues; (v) the Company overstated the remediation of its defective financial controls; and (vi) as a result, the documents issued in connection with the business combination 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 BKKT CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Bakkt Holdings you have until June 20, 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

LICY Class Action: Learn About the Li-Cycle Lawsuit

Levi & Korsinsky, LLP

April 25, 2022

Levi & Korsinsky, LLP announces that a LICY class action lawsuit has been filed on behalf of investors who purchased Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. (LICY) securities between February 16, 2021, and March 23, 2022. For more on the LICY Lawsuit please contact us today.  

 

 

 

According to the Li-Cycle lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Li-Cycle’s largest customer, Traxys, is not actually a customer, but merely a broker providing working capital financial to the Company while Traxys tries to sell Li-Cycle’s product to end customers; (2) the Company engaged in highly questionable related party transactions; (3) the Company’s mark-to-model accounting is vulnerable to abuse and gave a false impression of growth; (4) a significant portion of the Company’s reported revenues were derived from simply marking up receivables on products that had not been sold; (5) the Company’s gross margins have likely been negative since inception; (6) the Company will require an additional $1 billion of funding to support its planned growth (which is a figure greater than the Company raised via the merger); and (7) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

 

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

 

If you suffered a loss in Li-Cycle you have until June 20, 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

LILM Class Action: Learn About the Lilium N.V. f/k/a Qell Acquisition Corp Lawsuit

Levi & Korsinsky, LLP

April 20, 2022

Levi & Korsinsky, LLP announces that a LILM class action lawsuit has been filed on behalf of investors who purchased Lilium N.V. f/k/a Qell Acquisition Corp.  (LILM) securities between March 30, 2021, and March 14, 2022. For more on the LILM Lawsuit please contact us today.

 

 

According to the Lilium N.V. f/k/a Qell Acquisition Corp lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Lilium materially overstates the design and capabilities of the Lilium Jet, an electric vertical take-off-and-landing aircraft for use in a new type of high-speed air transport system for people and goods; (2) Lilium materially overstates the likelihood for the Lilium Jet’s timely certification; (3) Lilium misrepresents its ability to obtain or create the necessary batteries for the Lilium Jet; (4) the special purpose acquisition company merger would not and did not generate enough cash to commercially launch the Lilium Jet; (5) Qell Acquisition Corp. did not engage in proper due diligence regarding its merger with Lilium GmbH; and (6) as a result, Defendants’ public statements and statements to journalists were materially false and/or misleading at all relevant times.

 

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

 

If you suffered a loss in Lilium N.V. f/k/a Qell Acquisition Corp you have until June 17, 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

AUPH Class Action: Learn About the Aurinia Pharmaceuticals Lawsuit

Levi & Korsinsky, LLP

April 19, 2022

Levi & Korsinsky, LLP announces that an AUPH class action lawsuit has been filed on behalf of investors who purchased Aurinia Pharmaceuticals Inc. (AUPH) securities between May 7, 2021, and February 25, 2022. For more on the AUPH Lawsuit please contact us today.  

 

 

According to the Aurinia Pharmaceuticals lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Aurinia was experiencing declining revenues; (ii) Aurinia’s 2022 sales outlook for the Company’s only product which it offers for the treatment of adult patients with active lupus nephritis, LUPKYNIS, would fall well short of expectations; (iii) accordingly, the Company had significantly overstated LUPKYNIS’s commercial prospects; (iv) as a result, the Company had overstated its financial position and/or prospects for 2022; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Aurinia Pharmaceuticals you have until June 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

SDIG Class Action: Learn About the Stronghold Digital Mining Lawsuit 

Levi & Korsinsky, LLP

April 18, 2022

Levi & Korsinsky, LLP announces that an SDIG class action lawsuit has been filed on behalf of investors who purchased Stronghold Digital Mining, Inc. (SDIG) This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Stronghold Class A common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s October 2021 initial public offering. For more on the SDIG Lawsuit please contact us today.   

 

 

 

According to the Stronghold Digital Mininglawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) contracted suppliers, including Minerva Semiconductor Corp., were reasonably likely to miss anticipated delivery quantities and deadlines; (2) due to strong demand and pre-sold supply of mining equipment in the industry, Stronghold would experience difficulties obtaining miners outside of confirmed purchase orders; (3) as a result of the foregoing, there was a significant risk that Stronghold could not expand its mining capacity as expected; (4) as a result, Stronghold would likely experience significant losses; 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 SDIG CLASS ACTION LAWSUIT, CLICK HERE  

 

If you suffered a loss in Stronghold Digital Mining you have until June 13, 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

MYPS Class Action: Learn About the Playstudios Lawsuit

Levi & Korsinsky, LLP

April 10, 2022

Levi & Korsinsky, LLP announces that a MYPS class action lawsuit has been filed on behalf of investors who purchased Playstudios, Inc. (MYPS) (a) purchased, or otherwise acquired securities of Playstudios between June 22, 2021, and March 1, 2022, both dates inclusive, including, but not limited to, those who purchased or acquired Playstudios securities pursuant to the offering of the private investment in public equity (“PIPE” offering); (b) held common stock of Acies as of May 25, 2021, and were eligible to vote at Acies’ June 16, 2021, special meeting who exchanged their shares of Acies stock for shares of Playstudios stock pursuant to the merger of Acies and Old Playstudios (the “Merger”); and/or (c) purchased or otherwise acquired Playstudios common stock pursuant to or traceable to Acies’ documents issued in connection with the June 2021 Merger. For more on the MYPS Lawsuit please contact us today.

 

 

 

According to the Playstudios lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Playstudios was having significant problems with its flagship game, Kingdom Boss; (ii) Playstudios would not be releasing Kingdom Boss as expected; and (iii) Playstudios had not revised its financial projections to account for the problems it had encountered with Kingdom Boss. As a result of the defendants’ wrongful conduct, Class members paid artificially inflated prices for their Playstudios securities and suffered substantial losses and damages.

 

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

 

If you suffered a loss in Playstudios you have until  June 6, 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

IBM Class Action: Learn About the IBM Lawsuit

Levi & Korsinsky, LLP

April 8, 2022

Levi & Korsinsky, LLP announces that an IBM class action lawsuit has been filed on behalf of investors who purchased International Business Machines Corporation (IBM) securities between April 4, 2017, and October 20, 2021. For more on the IBM Lawsuit please contact us today.

 

 

 

According to the IBM lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Strategic Imperatives Revenue and growth, CAMSS and CAMSS Components’ revenue and growth, and the Company’s Segments’ revenue and growth were artificially inflated as a result of the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; (ii) the Company’s present success and positive future growth prospects concerning its Strategic Imperative business strategy were being fueled by the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperative Revenue and, as a result (iii) the Company misled the market by portraying the Company’s Strategic Imperative’s financial performance and future prospects more favorable than they actually were as a result of the wrongful reclassification of revenues from non-strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives.

 

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

 

If you suffered a loss in IBM you have until June 6, 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

ABBV Class Action: Learn About the AbbVie Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an ABBV class action lawsuit has been filed on behalf of investors who purchased AbbVie Inc.  (ABBV) securities between April 30, 2021, and August 31 2021. For more on the ABBV Lawsuit please contact us today.

 

 

 

According to the AbbVie lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) safety concerns about Pfizer Inc.’s drug Xeljanz extended to Abbvie’s drug Rinvoq and to other Janus kinase enzyme inhibitor drugs; (2) as a result, it was likely that the U.S. Food and Drug Administration would require additional safety warnings for Rinvoq and would delay the approval of additional treatment indications for Rinvoq; and (3) therefore, defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis.

 

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

 

If you suffered a loss in AbbVie you have until June 6, 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

LCID Class Action: Learn About the Lucid Group Lawsuit

Levi & Korsinsky, LLP

April 4, 2022

Levi & Korsinsky, LLP announces that an LCID class action lawsuit has been filed on behalf of investors who purchased Lucid Group, Inc. (LCID) securities between November 15, 2021, and February 28, 2022. For more on the LCID Lawsuit please contact us today. 

 

 

 

 

According to the Lucid Group lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: The filed complaint alleges that defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Lucid’s business and operations. Specifically, the Company overstated its production capabilities while concealing that “extraordinary supply chain and logistics challenges” were hampering Lucid’s operations. As a result of the defendants’ wrongful acts and omissions, and the significant decline in the market value of Lucid’s common stock, Lucid investors have suffered significant damages.

 

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

 

If you suffered a loss in Lucid Group you have until May 31, 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

VLTA Class Action: Learn About the Volta Lawsuit

Levi & Korsinsky, LLP

April 1, 2022

Levi & Korsinsky, LLP announces that a VLTA class action lawsuit has been filed on behalf of investors who purchased Volta Inc. (VLTA) securities between August 2, 2021, and March 28, 2022. For more on the VLTA Lawsuit please contact us today.  

 

 

 

 

According to the Volta lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Volta had improperly accounted for restricted stock units issued in connection with the business combination of Volta Industries, Inc. (“Legacy Volta”) and Tortoise Acquisition Corp. II; (2) as a result, the Company had understated its net loss for third-quarter 2021; (3) there were material weaknesses in the Company’s internal control over financial reporting that resulted in a material error; (4) as a result of the foregoing, the Company would restate its financial statements; (5) as a result of the foregoing, Legacy Volta’s founders would imminently exit the Company; (6) as a result, the Company’s financial results would be adversely impacted; and (7) 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 VLTA CLASS ACTION LAWSUIT, CLICK HERE 

 

If you suffered a loss in Volta you have until May 31, 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

FIXX Class Action: Learn About the Homology Lawsuit

Levi & Korsinsky, LLP

March 29, 2022

Levi & Korsinsky, LLP announces that a FIXX class action lawsuit has been filed on behalf of investors who purchased Homology Medicines, Inc. (FIXX) securities between June 10, 2019, and February 18, 2022 For more on the FIXX Lawsuit please contact us today.  

 

 

 

 

According to the Homology lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had overstated the efficacy and risk mitigation of its lead product candidate, HMI-102; (ii) accordingly, it was unlikely that the Company would be able to commercialize HMI102 in its present form; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

 

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

 

 

If you suffered a loss in Homology you have until May 24, 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

VRT Class Action: Learn About the Vertiv Lawsuit

Levi & Korsinsky, LLP

March 28, 2022

Levi & Korsinsky, LLP announces that a VRT class action lawsuit has been filed on behalf of investors who purchased Vertiv Holdings Co (VRT) securities between April 28, 2021, and February 23, 2022 For more on the VRT Lawsuit please contact us today.  

 

 

 

 

According to the Vertiv lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company could not adequately respond to supply chain issues and inflation by increasing its prices; (2) as a result of the increasing costs, Vertiv’s earnings would be adversely impacted; 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 VRT CLASS ACTION LAWSUIT, CLICK HERE 

 

If you suffered a loss in Vertiv you have until May 23, 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

GRAB Class Action: Learn About the Grab Holdings Lawsuit

Levi & Korsinsky, LLP

March 25, 2022

Levi & Korsinsky, LLP announces that a GRAB class action lawsuit has been filed on behalf of investors who purchased Grab Holdings Limited (GRAB) securities between November 12, 2021, and March 2, 2022. For more on the GRAB Lawsuit please contact us today.

 

 

 

 

According to the Grab Holdings lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Grab’s driver supply declined during the third quarter; (2) as a result, Grab continued to invest heavily in driver and consumer incentives to “preemptively recalibrate driver supply”; (3) as a result, the Company’s financial results would be adversely impacted, including, among other things, a significant decline in revenue; 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 GRAB CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Grab Holdings you have until May 16, 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

CELH Class Action: Learn About the Celsius Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a CELH class action lawsuit has been filed on behalf of investors who purchased Celsius Holdings, Inc.(CELH) securities between August 12, 2021, and March 1, 2022. For more on the CELH Lawsuit please contact us today. 

 

 

 

 

According to the Celsius lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company had improperly recorded expenses for non-cash share-based compensation for the second and third quarters of 2021; (2) as a result, the Company’s financial statements for those periods would be restated, including to report a net loss for the third quarter of 2021; (3) there was a material weakness in Celsius’s internal controls over financial reporting; 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 CELH CLASS ACTION LAWSUIT, CLICK HERE 

 

If you suffered a loss in Celsius you have until May 16, 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

FB Class Action: Learn About the Meta Platforms Lawsuit

Levi & Korsinsky, LLP

March 18, 2022

Levi & Korsinsky, LLP announces that a FB class action lawsuit has been filed on behalf of investors who purchased Meta Platforms, Inc. (FB) securities between March 2, 2021, and February 2, 2022. For more on the FB Lawsuit please contact us today.  

 

 

 

According to the Meta Platforms lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Apple’s iOS privacy changes were having a material impact on Meta’s ability to provide the kind of targeted advertising that its customers wanted and, as a result, customer ad spending was dropping precipitously; (2) Meta’s mitigation efforts were either not properly implemented or ineffective; (3) measurement of ads was not accurate as mitigation efforts were failing; and (4) Meta did not have a plan in place to properly address the impact of the iOS privacy changes.

 

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

 

If you suffered a loss in Meta Platforms you have until May 9, 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

AKBA Class Action: Learn About the Akebia Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an AKBA class action lawsuit has been filed on behalf of investors who purchased Akebia Therapeutics, Inc. (AKBA) securities between June 28, 2018, and September 2, 2020 For more on the AKBA Lawsuit please contact us today.  

 

 

 

According to the Akebia lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s lead investigational product candidate, vadadustat, was not as safe in treating non-dialysis dependent chronic kidney disease patients with anaemia as defendants had represented; (ii) as a result, defendants overstated the clinical prospects of Phase 3 clinical program for vadadustat; (iii) accordingly, defendants also overstated vadadustat’s overall commercial and regulatory 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 AKBA CLASS ACTION LAWSUIT, CLICK HERE 

 

If you suffered a loss in Akebia you have until May 13, 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

AFRM Class Action: Learn About the Affirm Holdings Lawsuit

Levi & Korsinsky, LLP

March 11, 2022

Levi & Korsinsky, LLP announces that an AFRM class action lawsuit has been filed on behalf of investors who purchased Affirm Holdings, Inc.(AFRM) This lawsuit is on behalf of all investors who purchased or otherwise acquired Affirm Holdings, Inc. securities on February 10, 2022, after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 p.m. EST. For more on the AFRM Lawsuit please contact us today.

 

 

 

According to the Affirm Holdings lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint, on February 10, 2022, at approximately 1:15 p.m., Affirm issued a Tweet from its official account in which the Company disclosed certain metrics from its second-quarter 2022 financial results. The Tweet, which was published prior to the Company’s planned release of its financial results, portrayed a highly successful quarter, which included an increase in revenue of 77%. This caused Affirm’s share price to spike nearly 10% in intra-day trading. The Tweet was materially misleading, in that it omitted to disclose the full details of Affirm’s second-quarter financial results. Affirm deleted the Tweet and released its full second-quarter financial results ahead of schedule. The full financial results were lacklustre – with the Company posting a loss of $0.57 per share, compared with analyst expectations of $0.37 per share.

 

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

 

If you suffered a loss in Affirm Holdings you have until April 29, 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

ERIC Class Action: Learn About the Telefonaktiebolaget LM Ericsson Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an ERIC class action lawsuit has been filed on behalf of investors who purchased Telefonaktiebolaget LM Ericsson NEWS (ERIC) securities between April 27, 2017, and February 25, 2022 For more on the ERIC Lawsuit please contact us today.

 

 

 

According to the Telefonaktiebolaget LM Ericsson lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Ericsson overstated the extent to which it had reformed its business practices to eliminate the use of bribes to secure business in foreign countries; (ii) Ericsson had paid bribes to the terrorist group the Islamic State in Iraq and Syria to gain access to certain transport routes in Iraq; (iii) accordingly, the Company’s revenues derived from its operations in Iraq were, in at least substantial part, derived from unlawful conduct and thus unsustainable; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Telefonaktiebolaget LM Ericsson you have until May 2, 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

AI Class Action: Learn About the C3.ai Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an AI class action lawsuit has been filed on behalf of investors who purchased C3.ai, Inc. (AI) (a) C3.ai Class A common stock pursuant and/or traceable to the documents issued in connection with the Company’s initial public offering conducted on or about December 9, 2020; and/or (b) C3.ai securities between December 9, 2020, and February 15, 2022, both dates inclusive. For more on the AI Lawsuit please contact us today.

 

 

 

According to the C3.ai lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) C3.ai’s partnership with Baker Hughes was deteriorating; (ii) C3.ai was employing a flawed accounting methodology to conceal the deterioration of its Baker Hughes partnership; (iii) C3.ai faced challenges in product adoption and significant salesforce turnover; (iv) the Company overstated, inter alia, the extent of its investment in technology, description of its customers, its total addressable market, the pace of its market growth, and the scale of alliances with its major business partners; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in C3.ai you have until May 3, 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

RIVN Class Action: Learn About the Rivian Automotive Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a RIVN class action lawsuit has been filed on behalf of investors who purchased Rivian Automotive, Inc. (RIVN) This lawsuit is on behalf of investors that purchased or otherwise acquired Rivian common stock pursuant and/or traceable to Rivian’s Initial Public Offering on November 10, 2021. For more on the RIVN Lawsuit please contact us today.

 

 

 

According to the Rivian Automotive lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: The Registration Statement (documents issued in connection with the initial public offering) contained representations that were materially inaccurate, misleading, and/or incomplete because they failed to disclose, among other things, that the R1T electric pickup truck and R1S electric SUV were underpriced to such a degree that Rivian would have to raise prices shortly after the IPO and that these price increases would tarnish Rivian’s reputation as a trustworthy and transparent company and would put a significant number of the existing backlog of 55,400 preorders, along with future preorders, in jeopardy of cancellation.

 

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

 

If you suffered a loss in Rivian Automotive you have until May 6, 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

CABA Class Action: Learn About the Cabaletta Lawsuit

Levi & Korsinsky, LLP

March 3, 2022

Levi & Korsinsky, LLP announces that a CABA class action lawsuit has been filed on behalf of investors who purchased Cabaletta Bio, Inc. (CABA) This lawsuit is on behalf of persons and entities that purchased or otherwise acquired: (a) Cabaletta common stock pursuant and/or traceable to documents issued in connection with the Company’s initial public offering conducted on or about October 24, 2019; and/or (b) Cabaletta securities between October 24, 2019, and December 13, 2021, For more on the CABA Lawsuit please contact us today.

 

 

 

According to the Cabaletta lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) top-line data of the Phase 1 Clinical Trial indicated that Cabaletta’s lead product candidate, DSG3-CAART, had, among other things, worsened certain participants’ disease activity scores and necessitated additional systemic medication to improve disease activity after DSG3-CAART infusion; (ii) accordingly, DSG3-CAART was not as effective as the Company had represented to investors; (iii) therefore, the Company had overstated DSG3-CAART’s clinical and/or 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 CABA CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Cabaletta you have until April 29, 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

SO Class Action: Learn About the Southern Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a SO class action lawsuit has been filed on behalf of investors who purchased The Southern Company (SO) securities between May 10, 2013, and February 20, 2020 For more on the SO Lawsuit please contact us today.

 

 

 

According to the Southern lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint, Deloitte & Touche, LLP allegedly made false and/or materially misleading statements in connection with its audit of The Southern Company’s financial statements and, in particular, its “clean coal” electric power plant in Kemper, Mississippi. Between May 10, 2013 and February 20, 2020 (the “Class Period”), Deloitte intentionally and recklessly violated its professional responsibilities as Southern’s professional auditor and deceived investors about Southern’s accounting for and expected completion of the Kemper Plant. Deloitte’s untrue statements and omissions of material facts concerning the Kemper Plant operated as a fraud and deceit upon plaintiff and others similarly situated in connection with their purchases and value of Southern securities during the Class Period.

 

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

 

If you suffered a loss in Southern you have until April 25, 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

CRNC Class Action: Learn About the Cerence Lawsuit

Levi & Korsinsky, LLP

March 2, 2022

Levi & Korsinsky, LLP announces that a CRNC class action lawsuit has been filed on behalf of investors who purchased Cerence Inc. (CRNC) securities between February 8, 2021, and February 4, 2022. For more on the CRNC Lawsuit please contact us today.

 

 

 

According to the Cerence lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the global semiconductor shortage had a materially negative impact on demand for Cerence’s software licenses; (2) defendants masked the impact of the semiconductor shortage on demand for the Company’s software licenses by pulling forward sales; and (3) as a result of the above, defendants’ statements about Cerence’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

 

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

 

If you suffered a loss in Cerence you have until April 26, 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

TASK Class Action: Learn About the Taskus Lawsuit

Levi & Korsinsky, LLP

March 1, 2022

Levi & Korsinsky, LLP announces that a TASK class action lawsuit has been filed on behalf of investors who purchased Taskus, Inc.(TASK) securities between June 11, 2021, and January 19, 2022. For more on the TASK Lawsuit please contact us today.

 

 

 

According to the Taskus lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) TaskUs was experiencing severe financial strain and business challenges, particularly with its most important customer, Facebook; (2) the Content Security market was smaller than defendants represented and defendants’ representations were based on outdated market data; (3) TaskUs improperly recognized revenue from certain key contracts; (4) defendants overstated the size of TaskUs’ workforce as well as employee retention rates, and understated attrition rates; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

 

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

 

If you suffered a loss in Taskus you have until April 25, 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

GATO Class Action: Learn About the Gatos Lawsuit

Levi & Korsinsky, LLP

February 28, 2022

Levi & Korsinsky, LLP announces that a GATO class action lawsuit has been filed on behalf of investors who purchased Gatos Silver, Inc. (GATO) This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Gatos: (a) common stock pursuant and/or traceable to documents issued in connection with the Company’s initial public offering conducted on or about October 28, 2020; and/or (b) securities between October 28, 2020, and January 25, 2022, For more on the GATO Lawsuit please contact us today.

 

 

 

According to the Gatos lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the technical report for Gatos’s primary mine, the Cerro Los Gatos deposit, contained certain errors; (2) among other things, the mineral reserves had been overestimated by as much as 50%; 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 GATO CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Gatos you have until April 25, 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

MP Class Action: Learn About the MP Materials Corp Lawsuit

Levi & Korsinsky, LLP

February 24, 2022

Levi & Korsinsky, LLP announces that an MP class action lawsuit has been filed on behalf of investors who purchased MP Materials Corp. f/k/a Fortress Value Acquisition Corp. (MP) securities between May 1, 2020, and February 2, 2022 For more on the MP Lawsuit please contact us today.

 

 

 

According to the MP Materials Corp lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Fortress Value Acquisition Corp. (“FVAC”) had overstated its due diligence efforts and expertise with respect to identifying target companies to acquire; (ii) FVAC performed inadequate due diligence into Legacy MP Materials prior to the business combination, or else ignored significant red flags regarding, inter alia, Legacy MP Materials’ management, compliance policies, and Mountain Pass’s profitability; (iii) as a result, the Company’s future business and financial prospects post-business combination were overstated; (iv) MP Materials engaged in an abusive transfer price manipulation scheme with a related party in the People’s Republic of China to artificially inflate the Company’s profits; (v) MP Materials’ ore at the Mountain Pass Rare Earth Mine and Processing Facility was not economically viable to harvest for rare earth metals; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in MP Materials Corp you have until April 25, 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

SPWR Class Action: Learn About the SunPower Corporation Lawsuit

Levi & Korsinsky, LLP

February 23, 2022

Levi & Korsinsky, LLP announces that an SPWR class action lawsuit has been filed on behalf of investors who purchased SunPower Corporation (SPWR) securities between August 3, 2021, and January 20, 2022. For more on the SPWR Lawsuit please contact us today.

 

 

 

According to the SunPower Corporation lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) certain connectors used by SunPower suffered from cracking issues; (2) as a result, the Company was reasonably likely to incur costs to remediate the faulty connectors; (3) as a result of the foregoing, SunPower’s financial results would be adversely impacted; 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 SPWR CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in SunPower Corporation you have until April 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

BFLY Class Action: Learn About the Butterfly Network Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a BFLY class action lawsuit has been filed on behalf of investors who purchased Butterfly Network, Inc. f/k/a Longview Acquisition Corp.  (BFLY) (a) all persons or entities that purchased or otherwise acquired Butterfly securities between February 16, 2021, and November 15, 2021, both dates inclusive and/or (b) all holders of Butterfly common stock as of the record date for the special meeting of shareholders held on February 12, 2021, to consider approval of the merger between Longview Acquisition Corp. and Butterfly. securities between February 16, 2021, and November 15, 2021.  For more on the BFLY Lawsuit please contact us today.

 

 

 

According to the Butterfly Network lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Butterfly had overstated its post-merger business and financial prospects; (ii) notwithstanding the ongoing COVID-19 pandemic, Butterfly’s financial projections failed to take into account the pandemic’s broad consequences, which included healthcare logistical challenges, and medical personnel fatigue; (iii) accordingly, Butterfly’s gross margin levels and revenue projections were less sustainable than the Company had represented; (iv) all the foregoing was reasonably likely to have a material negative impact on Butterfly’s business and financial condition; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Butterfly Network you have until April 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

AFIB Class Action: Learn About the AcQMap Lawsuit

Levi & Korsinsky, LLP

February 17, 2022

Levi & Korsinsky, LLP announces that an AFIB class action lawsuit has been filed on behalf of investors who purchased Acutus Medical, Inc. (AFIB) securities between May 13, 2021, and November 11, 2021,  For more on the AFIB Lawsuit please contact us today.

 

 

 

According to the AcQMap lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (a) a material percentage of the Company’s AcQMap imaging and mapping systems under evaluation had been randomly installed at sites with little, if any, consideration given to whether the healthcare providers at the selected locations were likely to adopt, or desire, the Company’s products; (b) a material percentage of the AcQMap systems under evaluation had been installed in locations where the Company did not possess the infrastructure necessary to appropriately educate, train, and support medical service providers on the system’s operations; (c) as a result of (a) and (b) above, defendants were in the process of designing a strategic plan to terminate and relocate approximately 20% of then-existing AcQMap systems evaluation arrangements; (d) the Company’s management discussion and analysis was materially false and misleading and failed to disclose that the termination and relocation of approximately 20% of existing AcQMap systems evaluation arrangements was reasonably likely to have a material adverse effect on the Company’s 2021 financial results; and (e) the Company’s risk factor discussions were materially false and misleading and made reference to potential risks without disclosing that such risks were then-existing or adequately describing the specific nature of the risks then facing the Company.

 

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

 

If you suffered a loss in AcQMap you have until April 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

ASTR Class Action: Learn About the Astra Space Inc. f/k/a Holicity Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an ASTR class action lawsuit has been filed on behalf of investors who purchased Astra Space Inc. f/k/a Holicity Inc. (ASTR) securities between February 2, 2021, and December 29, 2021. For more on the ASTR Lawsuit please contact us today.

 

 

 

According to the Astra Space Inc. f/k/a Holicity lawsuit, throughout the Class Period defendants, made false and/or misleading statements and/or failed to disclose that: (1) Astra cannot launch “anywhere”; (2) Astra significantly overstated its addressable market; (3) Astra overstated the effectiveness of its designs and reliability; (4) Astra significantly overstated its plans for diversification and its broadband constellation plan; and (5) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

 

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

 

If you suffered a loss in Astra Space Inc. f/k/a Holicity you have until April 11, 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

FENC Class Action: Learn About the Fennec Pharmaceuticals Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a FENC class action lawsuit has been filed on behalf of investors who purchased Fennec Pharmaceuticals Inc. (FENC) securities between May 28, 2021, and November 26, 2021. For more on the FENC Lawsuit please contact us today.

 

 

 

According to the Fennec Pharmaceuticals lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Fennec had not successfully remediated and overstated its efforts to remediate, issues with the manufacturing facility of its drug product manufacturer for PEDMARK, a new compound developed to reduce the incidence of hearing loss in children undergoing chemotherapy; (ii) as a result, the Food and Drug Administration likely to approve the Resubmitted Pedmark New Drug Application (“NDA”); (iii) accordingly, the regulatory and commercial prospects of the Resubmitted Pedmark NDA were overstated; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Fennec Pharmaceuticals you have until April 11, 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

BIIB Class Action: Learn About the Biogen Lawsuit

Levi & Korsinsky, LLP

February 11, 2022

Levi & Korsinsky, LLP announces that a BIIB class action lawsuit has been filed on behalf of investors who purchased Biogen Inc. (BIIB) securities between June 7, 2021, and January 11, 2022.  For more on the BIIB Lawsuit please contact us today.

 

 

 

According to the Biogen lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: 1) there was a significant, undisclosed lobbying campaign between Biogen and the Food and Drug Administration (“FDA”) that was instrumental in the decision to file and approve Aduhelm, a drug being developed to treat Alzheimer’s disease; 2) the Phase III ENGAGE study demonstrated that Aduhelm failed to achieve a clinical benefit to Alzheimer’s patients; 3) ENGAGE was a failed study from which Biogen concluded not to seek FDA approval for Aduhelm in 2019, and 4) defendants misled investors as to the way in which approval was achieved, that the clinical data did not support a clinical benefit by taking Aduhelm and those side-effects were dangerous and serious.

 

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

 

If you suffered a loss in Biogen you have until April 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

TLS Class Action: Learn About the Telos Corporation Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a TLS class action lawsuit has been filed on behalf of investors who purchased Telos Corporation (TLS) securities between November 19, 2020, and November 12, 2021 For more on the TLS Lawsuit please contact us today.

 

 

 

According to the Telos Corporation lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Transportation Security Administration (“TSA”) and Centers for Medicare and Medicaid Services (“CMS”) contracts, which constituted a majority of the Company’s future revenues, were not on track to commence as represented at the end of 2021 and in 2022; (2) Defendants lacked a reasonable basis and sufficient visibility to provide and affirm the Company’s 2021 guidance in the face of the uncertainty surrounding the TSA and CMS contracts; (3) COVID-19- and hacking scandal-related headwinds were throwing off the timing for performance of the TSA and CMS contracts and their associated revenues; (4) as a result, the guidance provided by Defendants was not in fact “conservative”; (5) as a result of the delays, Telos would be forced to dramatically reduce its revenue estimates; and (6) as a result of the foregoing, Defendants’ statements about Telos’ business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

 

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

 

If you suffered a loss in Telos Corporation you have until April 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

TAL Class Action: Learn About the TAL Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a TAL class action lawsuit has been filed on behalf of investors who purchased Tal Education Group (TAL) securities between April 26, 2018, and July 22, 2021. For more on the TAL Lawsuit please contact us today.

 

 

 

According to the TAL lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (a) TAL’s revenue and operational growth was the result of deceptive marketing tactics and illicit business practices that flouted Chinese laws,  regulations and policies,  and exposed the Company to an extreme risk that more draconian measures would be imposed on the Company; (b) TAL had engaged in misleading and fraudulent advertising practices, including the provision of false and misleading discount information designed to obfuscate the true cost of the Company’s programs to its customers, the creation of fake customer reviews designed to fraudulently lure new customers to TAL programs, the misrepresentation of teacher qualifications and course qualities, and the marketing of rigged promotional events; (c) TAL had defied Chinese policies designed to alleviate the burden imposed by tutoring services on students and their families, including by imposing hefty advances and recurring debt payments on course enrollees, by offering courses designed to give affluent students unfair advantages, by holding courses outside of allowable tutoring hours, and by linking for-profit courses to government-mandated schooling; (d) as a result of the foregoing, TAL was subject to an extreme undisclosed risk of adverse enforcement actions, regulatory fines and penalties, and the imposition of new rules and regulations adverse to the Company’s business and financial interests; and (e) as a result of the foregoing, TAL’s historical growth was not sustainable or the result of legitimate business tactics as represented, and defendants’ positive statements about the Company’s business, operations, and prospects were materially false and misleading and lacked a reasonable factual basis.

 

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

 

If you suffered a loss in TAL you have until April 5, 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

EDU Class Action: Learn About the New Oriental Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an EDU class action lawsuit has been filed on behalf of investors who purchased New Oriental Education & Technology Group Inc. (EDU) securities between April 24, 2018, and July 22, 2021. For more on the EDU Lawsuit please contact us today.

 

 

According to the New Oriental lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (a) New Oriental’s revenue and operational growth was the result of deceptive marketing tactics and abusive business practices that flouted Chinese regulations and policies and exposed the Company to an extreme risk that more draconian measures would be imposed on the Company; (b) New Oriental had engaged in misleading and fraudulent advertising practices, including the provision of false and misleading discount Information designed to obfuscate the true cost of the Company’s programs to its customers; (c) New Oriental had falsified teacher qualifications and experience in order to attract customers and increase student enrollments; (d) New Oriental had defied prior government warnings against linking school enrollments with the provision of private tutoring services; (e) as a result of the foregoing, New Oriental was subject to an extreme undisclosed risk of adverse enforcement actions, regulatory fines and penalties, and the imposition of new rules and regulations adverse to the Company’s business and interests; and (f) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and lacked a reasonable, factual basis.

 

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

 

If you suffered a loss in New Oriental you have until April 5, 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

ELMS Class Action: Learn About the ELMS Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that an ELMS class action lawsuit has been filed on behalf of investors who purchased Electric Last Mile Solutions, Inc. f/k/a Forum Merger III Corp. (ELMS) securities between March 31, 2021, and February 1, 2022. For more on the ELMS Lawsuit please contact us today.

 

 

 

According to the ELMS lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) ELMS’ previously issued financial statements were false and unreliable; (2) ELMS’s earlier reported financial statements would need restatement; (3) certain ELMS executives and/or directors purchased equity in the Company at substantial discounts to market value without obtaining an independent valuation; (4) on November 25, 2021 (Thanksgiving), the Company’s Board formed an independent Special Committee to conduct an inquiry into certain sales of equity securities made by and to individuals associated with the Company; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

 

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

 

If you suffered a loss in ELMS you have until April 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

STTK Class Action: Learn About the Shattuck Lawsuit

Levi & Korsinsky, LLP

February 4, 2022

Levi & Korsinsky, LLP announces that an STTK class action lawsuit has been filed on behalf of investors who purchased Shattuck Labs, Inc. (STTK) This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Shattuck securities: (1) pursuant and/or traceable to the registration statement and related prospectus issued in connection with Shattuck’s October 2020 initial public offering; and/or (2) between October 9, 2020, and November 9, 2021, For more on the STTK Lawsuit please contact us today.

 

 

According to the Shattuck lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the collaboration agreement with Takeda was not solid; (2) Takeda and Shattuck would “mutually agree” to terminate the collaboration agreement in essentially one year; (3) as a result, Shattuck would cease to receive any future milestone, royalty, or other payments from Takeda; and (4) as a result, defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

 

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

 

If you suffered a loss in Shattuck you have until April 1, 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

TALK Class Action: Learn About the Talkspace Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a TALK class action lawsuit has been filed on behalf of investors who purchased Talkspace, Inc. f/k/a Hudson Executive Investment Corporation (TALK) The lawsuit seeks to recover losses on behalf of Talkspace investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of: (a) all persons or entities that purchased or otherwise acquired Talkspace securities between June 11, 2020 and November 15, 2021, both dates inclusive, and/or (b) all holders of Talkspace common stock as of the record date for the special meeting of shareholders held on June 17, 2021. For more on the TALK Lawsuit please contact us today.

 

 

 

According to the Talkspace lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: The filed complaint alleges that defendants made false statements and/or concealed that: (i) Hudson Executive Investment Corporation (“HEIC”) had overstated its competitive advantage and due diligence capabilities with respect to identifying and effectuating a merger with target companies; (ii) HEIC had conducted inadequate due diligence into then-private, pre-Merger Talkspace, or else ignored and/or failed to disclose multiple red flags concerning then-private, pre-Merger Talkspace’s business and operations; (iii) Talkspace was experiencing significantly increased online advertising costs in its B2C business since the beginning of 2021; (iv) Talkspace was experiencing lower conversion rates in its online advertising in its business-to-consumer (“B2C”) business; (v) as a result of (iii) and (iv) above, Talkspace was experiencing increased customer acquisition costs and more tepid B2C demand than represented to investors; (vi) as a result of (iii)-(v) above, Talkspace was suffering from ballooning customer acquisition costs and worsening growth and gross margin trends; (vii) Talkspace had overvalued its accounts receivables from certain of its health plan clients in its B2B business, which amounts required adjustment downward; and (viii) as a result of (iii)-(vii) above, Talkspace’s 2021 financial guidance was not achievable and lacked any reasonable basis in fact.

 

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

 

If you suffered a loss in Talkspace 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

SLI Class Action: Learn About the Standard Lithium Lawsuit

Levi & Korsinsky, LLP

February 2, 2022

Levi & Korsinsky, LLP announces that an SLI class action lawsuit has been filed on behalf of investors who purchased Standard Lithium Ltd. (SLI) securities between May 19, 2020, and November 17, 2021 For more on the SLI Lawsuit please contact us today.

 

 

 

According to the Standard Lithium lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the LiSTR Direct Lithium Extraction technology’s extraction recovery efficiencies were overstated; (ii) accordingly, the Company’s final product lithium recovery percentage at the Demonstration Plant would not be as high as the Company had represented to investors; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Standard Lithium you have until March 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.

 

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

BMBL Class Action: Learn About the Bumble Lawsuit 

Levi & Korsinsky, LLP

January 28, 2022

Levi & Korsinsky, LLP announces that a BMBL class action lawsuit has been filed on behalf of investors who purchased Bumble Inc.  (BMBL) This lawsuit is on behalf of all purchasers of the Class A common stock of Bumble directly in Bumble’s secondary public stock offering which took place on or about September 10, 2021. For more on the BMBL Lawsuit please contact us today.   

 

 

 

According to the Bumble lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (a) Bumble’s paying user growth trends had abruptly reversed in 3Q21 and the Company had actually lost tens of thousands of paying users during the quarter; (b) paying users had been more reluctant to sign up for the Bumble app during 3Q21 because of the recent price hike for paid services on the app; (c) a material number of paying users were leaving the Badoo app, a dating-focused social network, and/or could not make payments through the Badoo app due, in substantial part, to problems arising from the Company’s transition of its payment platform; and (d) as a result of the foregoing, Bumble’s business metrics and financial prospects were not as strong as the Registration Statement had represented.

 

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

 

If you suffered a loss in Bumble  you have until March 25, 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

CLVT Class Action: Learn About the Clarivate Lawsuit

Levi & Korsinsky, LLP

Levi & Korsinsky, LLP announces that a CLVT class action lawsuit has been filed on behalf of investors who purchased Clarivate Plc (CLVT) securities between February 26, 2021, and December 27, 2021.  For more on the CLVT Lawsuit please contact us today.

 

 

 

According to the Clarivate lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Clarivate maintained defective disclosure controls and procedures as a result of a material weakness in its internal control over financial reporting; (ii) the foregoing material weakness was not limited to how the Company accounted for warrants; (iii) as a result, Clarivate failed to properly account for an equity plan included in its acquisition of CPA Global, a global leader in Intellectual Property software and tech-enabled services; (iv) accordingly, the Company was reasonably likely to restate one or more of its previously issued financial statements following its acquisition of CPA Global; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

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

 

If you suffered a loss in Clarivate you have until March 25, 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

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.

 

 

 

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.

 

 

 

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.

 

 

 

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.

 

 

 

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