U.S. Markets close in 31 mins

CLASS ACTION UPDATE for CVET, INFY, TEUM and UA: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

Covetrus, Inc. (CVET)
Class Period:
February 8, 2019 - August 12, 2019
Lead Plaintiff Deadline: November 29, 2019
Join the action: https://www.zlk.com/pslra-1/covetrus-inc-loss-form?wire=3&prid=4473 

Allegations: Covetrus, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company had overstated its capabilities with regard to inventory management and supply chain services; (ii) Covetrus had understated the costs of the integration of Henry Schein’s Animal Health Business and VFC, including the timing and nature of those costs; (iii) Covetrus had understated its separation costs from Henry Schein; and (iv) the Company understated the impact on earnings from online competition and alternative distribution channels as well as the impact of the loss of a large customer in North America just prior to the Company’s separation from Henry Schein.

To learn more about the Covetrus, Inc. class action contact jlevi@levikorsinsky.com.

Infosys Limited (INFY)
Class Period:
July 7, 2018 - October 20, 2019
Lead Plaintiff Deadline: December 23, 2019
Join the action: https://www.zlk.com/pslra-1/infosys-limited-loss-form?wire=3&prid=4473

Allegations: Infosys Limited made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the Company improperly recognized revenues to inflate short-term profits; (2) Chief Executive Officer Salil Parekh bypassed reviews and approvals for large deals to avoid accounting scrutiny; (3) management pressured the Company’s finance team to hide information from auditors and the Company’s Board of Directors; and (4) as a result of the aforementioned misconduct, Defendants’ statements about Infosys’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

To learn more about the Infosys Limited class action contact jlevi@levikorsinsky.com.

Pareteum Corporation (TEUM)
Class Period:
December 14, 2017 - October 21, 2019
Lead Plaintiff Deadline: December 23, 2019
Join the action: https://www.zlk.com/pslra-1/pareteum-corporation-loss-form?wire=3&prid=4473 

Allegations: Pareteum Corporation made materially false and/or misleading statements and/or failed to disclose that: (a) it  was  not  true  that  the  Company’s  purported success was the result of hyper-demand for Pareteum’s unique products or exceptional service,  or  the  Company’s  competent  management;  but,  in  fact,  Defendants  had  propped  up  the  Company’s  results  by  manipulating  Pareteum’s  accounting  for  revenues, income, and the important Backlog metric; (b) Defendants had  materially  overstated  the  Company’s  profitability  by  failing  to  properly  account  for  the  Company’s results of operations and by artificially inflating the Company’s financial results; (c) it was not true that Pareteum contained even the most minimally adequate systems of internal operational or financial controls necessary to assure that Pareteum’s reported financial statements were true, accurate, and/or reliable; (d) as a result, it also was not true that the Company’s financial statements and reports were prepared in accordance with GAAP and SEC rules; and (e) as  a  result  of  the  aforementioned  adverse  conditions, Defendants lacked any reasonable basis to claim that  Pareteum  was  operating  according  to  plan,  or  that  Pareteum  could  achieve  the  guidance  sponsored and/or endorsed by Defendants.

To learn more about the Pareteum Corporation class action contact jlevi@levikorsinsky.com.

Under Armour, Inc. (UA)
Class Period:
August 3, 2016 - November 1, 2019
Lead Plaintiff Deadline: January 6, 2020
Join the action: https://www.zlk.com/pslra-1/under-armour-inc-loss-form?wire=3&prid=4473 

Allegations: Under Armour, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) Under Armour shifted sales from quarter to quarter to appear healthier, including to keep pace with their long-running year-over-year 20% net revenue growth; (2) undisclosed to the investing public, the Company had been under investigation by and cooperating with the U.S. Department of Justice and U.S. Securities and Exchange Commission since at least July 2017; 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.

To learn more about the Under Armour, Inc. class action contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request 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 & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

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