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Bronstein, Gewirtz & Grossman, LLC Reminds of Class Action Against Pareteum Corporation (TEUM), Energy Transfer LP (ET) & Grubhub Inc. (GRUB)

NEW YORK, Dec. 13, 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. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. 

Pareteum Corporation (NASDAQ: TEUM)
Losses: Shareholders who have lost over $100K
Class Period: December 14, 2017 - October 21, 2019
Deadline: December 23, 2019
For more info: www.bgandg.com/teum
The Complaint alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Pareteum improperly and inaccurately recognized revenue for certain customer transactions; (2) Pareteum's financial statements for the fiscal year ending December 31, 2018 and quarters of ending March 31, 2019 and June 30, 2019were false and could not be relied on; and (3) 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. 

Energy Transfer LP (NYSE: ET) 
Class Period: February 25, 2017 - November 11, 2019
Deadline: January 21, 2020
For more info: www.bgandg.com/et
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Energy Transfer’s permits to conduct the Mariner East pipeline project in Pennsylvania were secured via bribery and/or other improper conduct; (2) the foregoing misconduct increased the risk that the Energy Transfer and/or certain of its employees would be subject to government and/or regulatory action; and (3) as a result, Energy Transfer’s public statements were materially false and misleading at all relevant times. 

Grubhub Inc. (NYSE: GRUB)
Class Period: July 30, 2019 - October 28, 2019
Deadline: January 21, 2020
For more info: www.bgandg.com/grub
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:  (1) customer orders were actually declining, despite the massive investments the Company had made to spur demand for and use of its platform; (2) Grubhub’s new customer additions were generating significantly lower revenues as compared to historic cohorts because these customers were more prone to using competitor platforms; (3) Grubhub’s vaunted business model under which it secured exclusive restaurant partnerships had failed, and Grubhub needed to engage in the same aggressive non-partnered sales tactics embraced by its competitors to generate significant revenue growth; (4) Grubhub was required to spend substantial additional capital in order to grow revenues and retain market share in the face of heightened competitive dynamics and market saturation, eviscerating the Company’s profitability; and (5) as a result, Grubhub’s public statements were materially false and misleading at all relevant times. 

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com