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CLASS ACTION UPDATE for GNLN, VAL, TME and UBER: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, Oct. 07, 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.

Greenlane Holdings, Inc.  (GNLN)
Class Period:
on behalf of all who purchased or otherwise acquired Greenlane common stock pursuant or traceable to the registration statement and prospectus issued in connection with Greenlane’s April 2019 initial public offering.
Lead Plaintiff Deadline: November 12, 2019
Join the action: https://www.zlk.com/pslra-1/greenlane-loss-form?wire=3

The lawsuit alleges: Greenlane Holdings, Inc.  made materially false and/or misleading statements throughout the class period and/or failed to disclose: (1) the City of San Francisco had introduced a major initiative to ban the sale of e-cigarette products across three major cities and prohibit the manufacture of products at the headquarters of Greenlane’s key partner, JUUL Labs; (2)  if approved, the initiative would materially and adversely impact the Company’s financial results and prospects; 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 Greenlane Holdings, Inc.  class action contact jlevi@levikorsinsky.com.

Valaris plc (VAL)
Class Period:
April 11, 2019 - July 31, 2019
Lead Plaintiff Deadline: October 21, 2019
Join the action: https://www.zlk.com/pslra-1/valaris-plc-loss-form?wire=3

The lawsuit alleges that, during the class period, Valaris plc made materially false and/or misleading statements and/or failed to disclose: (i) the Company was plagued by a weak ultra-deepwater segment, massive cash usage, and significant negative cash flow; (ii) the foregoing was reasonably likely to have a material negative impact on the Company’s second quarter 2019 results; (iii) the merger leading to Valaris’s establishment could not deliver on its touted benefits; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

To learn more about the Valaris plc class action contact jlevi@levikorsinsky.com.

Tencent Music Entertainment Group (TME)
Class Period:
December 12, 2018 - August 26, 2019
Lead Plaintiff Deadline: November 25, 2019
Join the action: https://www.zlk.com/pslra-1/tencent-music-entertainment-group-loss-form?wire=3

The lawsuit alleges: Tencent Music Entertainment Group made materially false and/or misleading statements and/or failed to disclose: (1) Tencent Music’s exclusive licensing arrangements with major record labels were anticompetitive; (2) consequently, sublicensing such content from Tencent Music was unreasonably expensive, in violation of Chinese antimonopoly laws; (3) these anticompetitive efforts were reasonably likely to lead to regulatory scrutiny; and (4) 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 Tencent Music Entertainment Group class action contact jlevi@levikorsinsky.com.

Uber Technologies, Inc. (UBER)
Class Period:
on behalf of all persons and entities other than Defendants who purchased or otherwise acquired Uber securities pursuant and/or traceable to Uber’s registration statement issued in connection with Uber’s May 10, 2019 initial public stock offering.
Lead Plaintiff Deadline: December 3, 2019
Join the action: https://www.zlk.com/pslra-1/uber-technologies-inc-loss-form?wire=3

The lawsuit alleges: Uber Technologies, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose: (1) at the time of the initial public offering, Uber was rapidly increasing subsidies for customer's rides and meals in a bid for market share, which caused the Company's sales and marketing expenses to swell; and (2) Defendants were cutting (or planned to cut) costs in key areas that undermined the Company's central growth opportunities.

To learn more about the Uber Technologies, 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