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The Gross Law Firm Announces Class Actions on Behalf of Shareholders of T, CRCM and FLEX

NEW YORK, NY / ACCESSWIRE / May 24, 2019 / 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.

AT&T Inc. (NYSE:T)

Investors Affected : (a) Shares purchased pursuant to the June 2018 acquisition of and merger with Time Warner and/or (b) shares purchased between October 22, 2016 and October 24, 2018

A class action has commenced on behalf of certain shareholders in AT&T Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) AT&T had substantially increased prices, while at the same time discontinuing promotional discounts for its DirecTV Now service; (ii) as a result, DirecTV Now subscribers were leaving (i.e., not renewing) as soon as their promotional discount periods expired, while at the same time new potential DirecTV Now customers were unwilling to pay the higher prices and therefore not subscribing at all; and (iii) 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/att-inc/?id=1663&from=1

Care.com, Inc. (CRCM)

Investors Affected : March 27, 2015 - April 1, 2019

A class action has commenced on behalf of certain shareholders in Carecom, Inc. The complaint alleges that Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts, with respect to the manner in which the Company vets the caregivers and daycare providers listed on its website.

Shareholders may find more information at https://securitiesclasslaw.com/securities/care-com-inc/?id=1663&from=1

Flex Ltd. (FLEX)

Investors Affected : January 26, 2017 - October 25, 2018

A class action has commenced on behalf of certain shareholders in Flex Ltd. The complaint alleges that Defendants consistently assured the market that (1) the Company's internal controls over financial reporting, including those related to customer contracts, were adequate and proper, and (2) the most crucial contract in the Company's pipeline, a massive and very expensive contract with Nike to automate sneaker manufacturing, was repeatedly hitting key milestones while timely proceeding on a steady trajectory to profitability. Defendants failed to disclose or warn the market of material facts showing that the Nike contract was failing operationally and not commercially viable, instead pointing to purported accomplishments and a timely trajectory to breaking even.

Shareholders may find more information at https://securitiesclasslaw.com/securities/flex-ltd-loss-submission-form/?id=1663&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.

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/546551/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-T-CRCM-and-FLEX



View source version on accesswire.com:
https://www.accesswire.com/546551/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-T-CRCM-and-FLEX