NEW YORK, Nov. 12, 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.
ProPetro Holding Corp. (PUMP)
Class Period: on behalf of shareholders who purchased securities pursuant and/or traceable to the Company’s registration statement and prospectus issued in connection with the Company’s March 2017 initial public offering and/or between February 17, 2017 and August 8, 2019.
Lead Plaintiff Deadline: November 15, 2019
Join the action: https://www.zlk.com/pslra-1/propetro-holding-corp-loss-form?wire=3&prid=4335
About the lawsuit: Throughout the class period, ProPetro Holding Corp. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s executive officers were improperly reimbursed for certain expenses; (2) the Company had engaged in certain undisclosed transactions with related parties; (3) the Company lacked adequate disclosure controls and procedures; (4) the Company lacked effective internal control over financial reporting; and (5) 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 ProPetro Holding Corp. class action contact firstname.lastname@example.org.
Uniti Group Inc. (UNIT)
Class Period: April 20, 2015 - February 15, 2019
Lead Plaintiff Deadline: December 30, 2019
Join the action: https://www.zlk.com/pslra-1/uniti-group-inc-loss-form?wire=3&prid=4335
About the lawsuit: During the class period, Uniti Group Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Uniti’s financial results were not sustainable because its customer Windstream had defaulted on its unsecured notes; and (ii) as a result of the foregoing, Defendants’ statements about Uniti’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
To learn more about the Uniti Group Inc. class action contact email@example.com.
The Chemours Company (CC)
Class Period: February 16, 2017 - August 1, 2019
Lead Plaintiff Deadline: December 9, 2019
Join the action: https://www.zlk.com/pslra-1/the-chemours-company-loss-form?wire=3&prid=4335
About the lawsuit: Throughout the class period, The Chemours Company allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Chemours had not appropriately accounted and accrued reserves for its environmental liabilities; (2) the possibility of costs exceeding accrued amounts was greater than the Company had represented to a point that could be material; (3) the Company's policies, standards and procedures were not properly designed to prevent unreasonable risk of harm to people and the environment (4) Chemours' handling, manufacture, use, and disposal of hazardous substances was not in accordance with applicable environmental laws and regulations; and (5) as a result of these misrepresentations, Chemours shares traded at artificially inflated prices.
To learn more about the The Chemours Company class action contact firstname.lastname@example.org.
iRobot Corporation (IRBT)
Class Period: November 21, 2016 - October 22, 2019
Lead Plaintiff Deadline: December 23, 2019
Join the action: https://www.zlk.com/pslra-1/irobot-corporation-loss-form?wire=3&prid=4335
The filed complaint alleges that defendants misrepresented the reason for iRobot’s acquisitions of Tokyo-based Sales on Demand Corporation and privately-held Robopolis SAS, which was to control the Company’s largest distributors so that defendants could inflate sales and revenue figures by stuffing the channel. Defendants further misled investors by repeatedly telling them throughout the Class Period that the Company was seeing continued double-digit revenue growth, and by attributing the growth to increased demand for the Roomba vacuums, when in reality defendants were engaging in channel-stuffing to artificially boost sales. Defendants also misstated that the Company’s channel inventory levels had not changed and would not change dramatically from quarter to quarter or year over year, when in fact iRobot was deliberately stuffing the channel in order to claim false revenue growth.
To learn more about the iRobot Corporation class action contact email@example.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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171