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CLASS ACTION UPDATE for TUSK, DBD, NFLX and LB: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, Aug. 05, 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.

Mammoth Energy Services, Inc. (TUSK)
Class Period:
October 19, 2017 - June 5, 2019
Lead Plaintiff Deadline: August 9, 2019
Join the action: https://www.zlk.com/pslra-1/mammoth-energy-services-inc-loss-form?wire=3 

Allegations: Mammoth Energy Services, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Mammoth’s subsidiary, Cobra, improperly obtained two  infrastructure contracts with PREPA that  totaled over $1.8  billion;  (2)  specifically, the contracts were awarded as the result of improper steering and not a competitive RFP process; and (3) as a result, Defendants’ statements about Mammoth’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.   

To learn more about the Mammoth Energy Services, Inc. class action contact jlevi@levikorsinsky.com.

Diebold Nixdorf, Incorporated (DBD)
Class Period:
February 14, 2017 - July 4, 2017
Lead Plaintiff Deadline: September 3, 2019
Join the action: https://www.zlk.com/pslra-1/diebold-nixdorf-incorporated-loss-form?wire=3 

Allegations: Diebold Nixdorf, Incorporated made materially false and/or misleading statements throughout the class period and/or failed to disclose that:  (1) as a result of the Wincor acquisition and related integration, the Company was less focused on its core business; (2) the Company expected certain customers would not renew their service contracts (i.e. contract runoff); (3) the Company was not adequately prepared to staff service technicians; (4) as a result of the expected contract  runoff, the Company would suffer a shortage of adequately trained  service  technicians;  (5) as a result, the Company would suffer margin pressure in its services segment; (6) as a result of the foregoing, the Company would lose market share; and  (7) 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 Diebold Nixdorf, Incorporated class action contact jlevi@levikorsinsky.com.

Netflix, Inc. (NFLX)
Class Period:
April 17, 2019 - July 17, 2019
Lead Plaintiff Deadline: September 20, 2019
Join the action: https://www.zlk.com/pslra-1/netflix-inc-loss-form?wire=3 

Allegations: During the class period, Netflix, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Netflix would not be able to gain its expected target number of new subscribers in the second quarter of 2019; (2) Netflix would also lose subscribers from the United States in the second quarter of 2019; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

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

L Brands, Inc. (LB)
Class Period:
May 31, 2018 - November 19, 2018
Lead Plaintiff Deadline: September 23, 2019
Join the action: https://www.zlk.com/pslra-1/l-brands-inc-loss-form?wire=3 

Allegations: L Brands, Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) the Victoria’s Secret and PINK businesses were having a material adverse effect on the Company’s cash flow, liquidity and debt levels; (b) Defendants lacked a reasonable basis for their positive statements about the ability of the Company to sustain its dividend; (c) the MD&A disclosures in filings L Brands made with the SEC were materially false and misleading; (d) the risk factor disclosures in filings L Brands made with the SEC were materially false and misleading; (e) the representations about L Brands’ disclosure controls in filings the Company made with the SEC were materially false and misleading; (f) the certifications issued by Defendants Wexner and Burgdoerfer on L Brands disclosure controls were materially false and misleading; and (g) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about L Brands’ then-current business operations and future financial prospects.

To learn more about the L Brands, 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