NEW YORK, July 19, 2018 (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; further details about the cases can be found at the links provided.
PG&E Corporation (PCG)
Class Period: April 29, 2015 - June 8, 2018
Lead Plaintiff Deadline: August 13, 2018
During the class period, PG&E allegedly made materially false and/or misleading statements and/or failed to disclose that: PG&E had failed to maintain electricity transmission and distribution networks in compliance with safety requirements and regulations promulgated under state law; consequently, PG&E was in violation of state law regulation; PG&E’s electricity networks would cause numerous wildfires in California; and as a result of the foregoing, Defendants’ statements about the Company’s business and operations were materially false and misleading at all relevant times.
To learn more about PG&E go to: http://www.zlk.com/pslra-d/pge-corporation?wire=3.
Mercury Systems, Inc. (MRCY)
Class Period: October 24, 2017 - April 24, 2018
Lead Plaintiff Deadline: September 10, 2018
The complaint alleges that Mercury made materially false and misleading statements and/or failed to disclose that: Mercury’s decision to in-source processing was adversely impacting Mercury’s operating margins and free cash-flow generation and conversion; Mercury’s model was becoming structurally more working capital intensive; as a result of the foregoing, Mercury’s public statements were materially false and misleading at all relevant times.
To learn more about the Mercury class action go to: http://www.zlk.com/pslra-d/mercury-systems?wire=3.
National Beverage Corp. (FIZZ)
Class Period: July 17, 2014 - July 3, 2018
Lead Plaintiff Deadline: September 17, 2018
The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) National Beverage's sales claims and its supposed "proprietary techniques" lacked a verifiable basis; (2) the Company's Chairman and CEO engaged in a pattern of sexual misconduct between 2014 and 2016; and (3) as a result, National Beverage's public statements were materially false and misleading at all relevant times.
On May 4, 2017, National Beverage issued a press release stating that it “employs methods that no other company does in this area—VPO (velocity per outlet) and VPC (velocity per capita).” National Beverage asserted that it “utilize[s] two proprietary techniques to magnify these measures and this creates growth never before thought possible.” Then on June 26, 2018 the Wall Street Journal reported that National Beverage had declined to provide the U.S. Securities and Exchange Commission with requested sales figures to clarify their sales claims. Then on July 3, 2018, the Wall Street Journal published an article reporting that two pilots had filed lawsuits alleging that National Beverage's CEO had sexually harassed them.
To learn more about the National Beverage class action go to: http://www.zlk.com/pslra-d/fizz-lawsuit?wire=3.
You have until the lead plaintiff deadlines to request the court appoint 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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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