NEW YORK, March 20, 2019 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can 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.
The Complaint alleges that throughout the Class Period Defendants made materially false and misleading statements and/or failed to disclose that: (1) 22nd Century’s stock was prone to manipulation through paid stock promotions; (2) such conduct would subject 22nd Century to heightened regulatory scrutiny by the Securities and Exchange Commission (the “SEC”); and (3) consequently, 22nd Century’s public statements were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Arlo Technologies, Inc. (ARLO)
Class Period: common stock purchased pursuant and/or traceable to Arlo’s August 3, 2018 initial public offering (the “IPO” or the “Offering”).
Lead Plaintiff Deadline: March 25, 2019
For more info: www.bgandg.com/arlo
The Complaint alleges that Defendants made materially false and misleading statements and/or failed to disclose that: (1) there was a flaw and/or quality issue with Arlo’s newly designed battery for its Ultra camera systems; (2) this flaw and/or quality issue with the Ultra battery could result in a shipping delay of Arlo’s Ultra product; (3) such a shipping delay endangered Arlo’s chances of launching the Ultra product in time for the crucial holiday season; (4) such a shipping delay would allow Arlo’s competitors to capitalize on the Ultra product’s missed launch, thereby increasing their own market share; (5) Arlo’s consumers had been experiencing battery drain issues and other battery-related issues in connection with recent firmware updates; (6) because of the foregoing, Arlo’s fourth quarter 2018 results and consumer base would be negatively impacted; and (7) as a result, Arlo’s Registration Statement was materially false and misleading at all relevant times.
The Complaint alleges that throughout the Class Period Defendants made materially false and misleading statements and/or failed to disclose that Micron was engaged in a price-fixing conspiracy with Samsung Electronics and SK Hynix, and that such unlawful behavior could lead to severe sanctions against the Company.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org