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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SPB, AVP, KHC and MBT

NEW YORK, April 08, 2019 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.        

Spectrum Brands Legacy, Inc. (f/k/a Spectrum Brands Holdings, Inc.) (SPB)
Class Period: June 14, 2016 to April 25, 2018
Lead Plaintiff Deadline: May 6, 2019

The complaint alleges that during the class period Spectrum Brands Legacy, Inc. (f/k/a Spectrum Brands Holdings, Inc.) made materially false and/or misleading statements and/or failed to disclose that: (i) Spectrum had been self-inflicting the operational issues at its Ohio and Kansas facilities; (ii) these operational issues were, in fact, recurring in nature; (iii) these operational issues would continuously impact production, shipping levels and sales; and (iv) as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times.

Get additional information about the SPB lawsuit: http://www.kleinstocklaw.com/pslra-1/spectrum-brands-holdings-inc-loss-submission-form?wire=3

Avon Products, Inc. (AVP)
Class Period: August 2, 2016 to August 2, 2017
Lead Plaintiff Deadline: April 15, 2019

In order to inflate its reported revenue and representative growth metric during the Class Period, Avon engaged in an undisclosed scheme whereby it significantly loosened its credit terms in order to recruit new representatives in Brazil, its largest market. Avon did not disclose the changes to its credit terms in Brazil. Avon also failed to increase its allowance for doubtful accounts to account for the changes to its credit terms in Brazil.

Get additional information about the AVP lawsuit: http://www.kleinstocklaw.com/pslra-1/avon-products-inc-loss-submission-form?wire=3

The Kraft Heinz Company (KHC)
Class Period: July 6, 2015 to February 21, 2019
Lead Plaintiff Deadline: April 25, 2019

Throughout the class period, The Kraft Heinz Company allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Defendants misrepresented that the Zero Based Budgeting (“ZBB”) and other cost-saving measures would deliver increased profitability while simultaneously maintaining base business momentum; (ii) Defendants failed to disclose known trends that were negatively impacting the Company’s organic sales growth and profitability; (iii) Defendants falsely represented the ability of the Company’s pipeline of new products to generate organic growth; (iv) Defendants falsely stated that “main-stays like Oscar Mayer [and] Kraft cheese” were “tangible drivers of [a] turnaround in the second half of 2018”; (v) Defendants failed to disclose known trends that resulted in the intangible asset impairments associated with the Company’s Oscar Mayer and Kraft brands; and (vi) Defendants failed to disclose known trends that resulted in the goodwill impairments affecting its U.S. Refrigerated and Canada Retail divisions. 

Get additional information about the KHC lawsuit: http://www.kleinstocklaw.com/pslra-1/the-kraft-heinz-company-loss-submission-form?wire=3

Mobile TeleSystems PJSC (MBT)
Class Period: March 19, 2014 to March 7, 2019
Lead Plaintiff Deadline: May 20, 2019

The complaint alleges that throughout the class period Mobile TeleSystems PJSC made materially false and/or misleading statements and/or failed to disclose that: (1) MTS and its subsidiary were involved in a scheme to pay $420 million in bribes in Uzbekistan; (2) consequently, MTS knew or should have known it would be forced to pay substantial fines to the U.S. government after disclosing in 2014 that the U.S. Department of Justice and Securities and Exchange Commission were investigating its Uzbekistan operations; (3) MTS’ level of cooperation with the U.S. government and remediation was lacking; (4) due to the aforementioned misconduct, MTS would be forced to pay approximately $850 million in criminal penalties to the U.S. government; and (5) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

Get additional information about the MBT lawsuit: http://www.kleinstocklaw.com/pslra-1/mobile-telesystems-pjsc-loss-submission-form?wire=3

Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. There is no cost or obligation to you. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com