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The Gross Law Firm Announces Class Actions on Behalf of Shareholders of BLU, DOX and RMO

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NEW YORK, NY / ACCESSWIRE / May 13, 2021 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

BELLUS Health Inc. (NASDAQ:BLU)

Investors Affected : September 5, 2019 - July 5, 2020

A class action has commenced on behalf of certain shareholders in BELLUS Health Inc . The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: while BLU-5937's "high selectivity" contributed to the drug causing little to no taste alteration in chronic cough patients, that high selectivity also contributed to the drug potentially being less efficacious and thus likely not be able to meet the primary endpoint of the Company's Phase 2 trial.

Shareholders may find more information at https://securitiesclasslaw.com/securities/bellus-health-inc-loss-submission-form/?id=15801&from=1

Amdocs Limited (NASDAQ:DOX)

Investors Affected : December 13, 2016 - March 30, 2021

A class action has commenced on behalf of certain shareholders in Amdocs Limited. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Amdocs overstated its profits, cash, and liquidity, while understating its debt; (ii) Amdocs concealed its large borrowing; (iii) while Amdocs' reported results showed that its North American business was stable, that business was actually deteriorating annually, in part because the Company was losing AT&T as a customer; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/amdocs-limited-loss-submission-form/?id=15801&from=1

Romeo Power, Inc. (NYSE:RMO)

Investors Affected : October 5, 2020 - March 30, 2021

A class action has commenced on behalf of certain shareholders in Romeo Power, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Romeo had only two battery cell suppliers, not four, (ii) the future potential risks that Defendants warned of concerning supply disruption or shortage had already occurred and were already negatively affecting Romeo's business, operations and business prospects, (iii) Romeo did not have the battery cell inventory to accommodate end-user demand and ramp up production in 2021, (iv) Romeo's supply constraint was a material hindrance to Romeo's revenue growth, and (v) Romeo's supply chain for battery cells was not hedged, but in fact, was totally at risk and beholden to just two battery cell suppliers and the spot market for their 2021 inventory. Given the supply constraint that Romeo was experiencing during the Class Period, Defendants had no reasonable basis to represent that the Company had the ability to meet customer demand and that it would support growth in revenue in 2021.

Shareholders may find more information at https://securitiesclasslaw.com/securities/romeo-power-inc-loss-submission-form/?id=15801&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm



View source version on accesswire.com:
https://www.accesswire.com/647179/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-BLU-DOX-and-RMO