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The Gross Law Firm Announces Class Actions on Behalf of Shareholders of WRCDF, GWRE and KODK

NEW YORK, NY / ACCESSWIRE / September 4, 2020 / 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.

Wirecard AG (OTCMKT:WRCDF)

Investors Affected : August 17, 2015 - June 24, 2020

A class action has commenced on behalf of certain shareholders in Wirecard AG. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Wirecard overstated its cash balances during the Class Period, falsely claiming €1.9 billion of cash in a trust account that was missing; (2) Wirecard overstated its financial results during the Class Period, including revenue and EBITDA; (3) Wirecard did not have adequate risk management or countermeasures; (4) the Company's external auditor failed to audit Wirecard in accordance with applicable auditing principles; and (5) as a result, Defendants' statements about Wirecard's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/wirecard-ag-loss-submission-form/?id=9087&from=1

Guidewire Software, Inc. (NYSE:GWRE)

Investors Affected : March 6, 2019 - March 4, 2020

A class action has commenced on behalf of certain shareholders in Guidewire Software, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) that the Company's transition to the cloud was not going well; (2) that Guidewire's cloud-based products needed to be improved to meet customer needs and catch up with rival systems; (3) that the Company's failed transition to the cloud was also hurting Guidewire's traditional on-premise business; and (4) as a result, Guidewire's revenue guidance, including guidance principally based on significantly increasing demand for the Company's cloud-based products, was baseless and unattainable.

Shareholders may find more information at https://securitiesclasslaw.com/securities/guidewire-software-inc-loss-submission-form/?id=9087&from=1

Eastman Kodak Company (NYSE:KODK)

Investors Affected : July 27, 2020 - August 11, 2020

A class action has commenced on behalf of certain shareholders in Eastman Kodak Company. According to a filed complaint, defendants failed to disclose that the Company had granted its Executive Chairman, James Continenza, and several other Company insiders millions of dollars' worth of stock options immediately prior to the Company publicly disclosing that it had received the $765 million loan, which Defendants knew would cause Kodak's stock to immediately increase in value once the deal was announced. In addition, while in possession of this material non-public information, Continenza and other Company insiders purchased tens of thousands of the Company's shares immediately prior to the announcement, again at prices that they knew would increase exponentially once news of the loan became public.

Shareholders may find more information at https://securitiesclasslaw.com/securities/eastman-kodak-company-loss-submission-form/?id=9087&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/604902/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-WRCDF-GWRE-and-KODK