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CLASS ACTION UPDATE for INFY, QUAD, REZI and ACB: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, Nov. 22, 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.

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=4556

About the INFY lawsuit: Infosys Limited allegedly made materially false and/or misleading statements during 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.

Quad/Graphics, Inc. (QUAD)
Class Period:
February 21, 2018 - October 29, 2019
Lead Plaintiff Deadline: January 6, 2020
Join the action: https://www.zlk.com/pslra-1/quad-graphics-inc-loss-form?wire=3&prid=4556

About the QUAD lawsuit: Quad/Graphics, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s book business in United States was underperforming; (2) as a result, the Company was likely to divest its book business; (3) the Company was unreasonably vulnerable to decreases in market prices; (4) to remain financially flexible while market prices decreased, the Company was likely to cut its quarterly dividend and expand its cost reduction programs; and (5) as a result of the foregoing, positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

To learn more about the Quad/Graphics, Inc. class action contact jlevi@levikorsinsky.com.

Resideo Technologies, Inc. (REZI)
Class Period:
October 29, 2018 - October 22, 2019
Lead Plaintiff Deadline: January 7, 2020
Join the action: https://www.zlk.com/pslra-1/resideo-technologies-inc-loss-form?wire=3&prid=4556

About the REZI lawsuit: During the class period, Resideo Technologies, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (a) the negative operational effects of the Company's spin-off from Honeywell International Inc. were more substantial and persistent than disclosed and had negatively affected Resideo’s product sales, supply chain, and gross margins, putting the Company’s FY19 financial forecasts at risk; and (b) as a result of the foregoing, the Company’s financial guidance lacked a reasonable basis and the Company was not on track to make its FY19 guidance as claimed.

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

Aurora Cannabis Inc. (ACB)
Class Period:
September 11, 2019 - November 14, 2019
Lead Plaintiff Deadline: January 21, 2020
Join the action: https://www.zlk.com/pslra-1/aurora-cannabis-inc-loss-form?wire=3&prid=4556

About the ACB lawsuit: Aurora Cannabis Inc. allegedly made materially false and/or misleading statements during the class period and/or failed to disclose that: (1) as opposed to the Company’s representations, Aurora’s revenue would decline in its first quarter of fiscal 2020 ended September 30, 2019; (2) the Company would halt construction on its Aurora Nordic 2 and Aurora Sun facilities; 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 Aurora Cannabis 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