Kingstone Companies, Inc. (KINS), ChinaCache International Holdings Ltd. (CCIH) & Zuora, Inc. (ZUO)- Bronstein, Gewirtz & Grossman, LLC Class Action Announement
NEW YORK, NY / ACCESSWIRE / June 21, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Kingstone Companies, Inc. (NASDAQ: KINS)
Class Period: March 14, 2018 - April 29, 2019
Deadline: August 11, 2019
For more info: www.bgandg.com/kins
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Kingstone did not adequately follow industry best practices related to claims handling; (2) as a result, the Company did not record sufficient claims reserves; (3) the Company lacked adequate internal control over financial reporting; and (4) defendants' positive statements about Kingstone's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
ChinaCache International Holdings Ltd. (NASDAQ: CCIH)
Class Period: April 10, 2015 - May 17, 2019
Deadline: August 12, 2019
For more info: www.bgandg.com/ccih
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) ChinaCache and Defendant Song Wang, the Company's former Chief Executive Officer, were engaged in enterprise bribery; (2) the foregoing conduct placed ChinaCache and Wang at a heightened risk of criminal investigation and enforcement action by government authorities, which would foreseeably disrupt the Company's operations; and (3) defendants' positive statements about ChinaCache's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Zuora, Inc. (NYSE: ZUO)
Class Period: April 12, 2018 - May 30, 2019
Deadline: August 13, 2019
For more info: www.bgandg.com/zuo
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Zuora would focus on implementing RevPro for new customers ahead of the deadline to comply with accounting standard ASC 606; (2) Zuora lacked adequate resources to integrate RevPro with the core business; (3) Zuora would focus on RevPro integration a year after the acquisition closed; (4) delays in integrating RevPro would materially impact the business; (5) the market for RevPro was limited to customers seeking to implement new accounting standards such as ASC 606; (6) after the deadline for ASC 606 compliance passed, demand for RevPro was reasonably likely to decline; and (7) as a result of the foregoing, defendants' positive statements about Zuora's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View source version on accesswire.com:
https://www.accesswire.com/549005/Kingstone-Companies-Inc-KINS-ChinaCache-International-Holdings-Ltd-CCIH-Zuora-Inc-ZUO-Bronstein-Gewirtz-Grossman-LLC-Class-Action-Announement
