U.S. markets open in 1 hour 43 minutes

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of MOMO, DLNG and HRTX

NEW YORK, NY / ACCESSWIRE / July 3, 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.

Momo Inc. (MOMO)

Investors Affected : April 21, 2014 - April 29, 2019

A class action has commenced on behalf of certain shareholders in Momo Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Momo's compliance procedures and controls were inadequate to prevent, inter alia, illicit financial reporting activity; (ii) Momo's social and dating app, Tantan, was materially noncompliant with PRC law and/or regulations; (iii) Tantan was consequently at an increased risk of being removed from Chinese app stores at the direction of Chinese governmental authorities; and (iv) as a result, Momo's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/momo-inc/?id=2236&from=1

Dynagas LNG Partners LP (DLNG)

Investors Affected : February 16, 2018 - March 21, 2019

A class action has commenced on behalf of certain shareholders in Dynagas LNG Partners LP. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: the terms of the Company's long-term contracts on its liquid natural gas ships, Arctic Aurora and Ob River, were unfavorable and resulted in the Company's inability to sustain its quarterly distributions. As a result of the Defendants' false and misleading statements and omissions, Dynagas securities traded at artificially inflated prices during the Class Period. Such inflation was removed when it was revealed that the Arctic Aurora and the Ob River were commencing employment under new extended charter contracts which were at lower rates compared to the previous charter contracts, thereby undermining the Company's ability to make future distributions.

Shareholders may find more information at https://securitiesclasslaw.com/securities/dynagas-lng-partners-lp-loss-submission-form/?id=2236&from=1

Heron Therapeutics, Inc. (HRTX)

Investors Affected : October 31, 2018 - April 30, 2019

A class action has commenced on behalf of certain shareholders in Heron Therapeutics, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Heron had failed to include adequate Chemistry, Manufacturing, and Controls ("CMC") and non-clinical information in its NDA for HTX-011; (ii) the foregoing increased the likelihood that the FDA would not approve Heron's NDA for HTX-011; and (iii) as a result, Heron's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/heron-therapeutics-inc-loss-submission-form/?id=2236&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/550843/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-MOMO-DLNG-and-HRTX