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The Gross Law Firm Announces Class Actions on Behalf of Shareholders of GNUS, BLNK and PROG

·3 mins read

NEW YORK, NY / ACCESSWIRE / October 15, 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.

Genius Brands International, Inc (NASDAQ:GNUS)

Investors Affected: March 17, 2020 - July 5, 2020

A class action has commenced on behalf of certain shareholders in Genius Brands International, Inc. According to the Genius Brands lawsuit, defendants made false and/or misleading statements and/or failed to disclose material information regarding: (i) Nickelodeon's purported broadcast expansion of Genius's Rainbow Rangers cartoon; (ii) subscription fees for the Kartoon Channel!; and (iii) the Company's growth potential and overall prospects as a company.

Shareholders may find more information at https://securitiesclasslaw.com/securities/genius-brands-international-inc-loss-submission-form/?id=10187&from=1

Blink Charging Company (NASDAQ:BLNK)

Investors Affected: March 6, 2020 - August 19, 2020

A class action has commenced on behalf of certain shareholders in Blink Charging Company. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) many of Blink's charging stations are damaged, neglected, non-functional, inaccessible, nor non-accessible; (ii) Blink's purported partnerships and expansions with other companies were overstated; (iii) the purported growth of the Company's network has been overstated; 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/blink-charging-company-loss-submission-form/?id=10187&from=1

Progenity, Inc. (NASDAQ:PROG)

This lawsuit is on behalf of all purchasers of Progenity common stock pursuant and/or traceable to the registration statement, as amended, issued in connection with Progenity's June 2020 initial public offering.

A class action has commenced on behalf of certain shareholders in Progenity, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) that Progenity had overbilled government payors by $10.3 million in 2019 and early 2020 and, thus, had materially overstated its revenues, earnings and cash flows from operations for the historical financial periods provided in the registration statement; (ii) that Progenity would need to refund this overpayment in the second quarter of 2020 (the same quarter in which the initial public offering was conducted), adversely impacting its quarterly results; and (iii) that Progenity was suffering from accelerating negative trends in the second quarter of 2020 with respect to the Company's testing volumes, revenues, and product pricing.

Shareholders may find more information at https://securitiesclasslaw.com/securities/progenity-inc-loss-submission-form/?id=10187&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/610740/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-GNUS-BLNK-and-PROG