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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of YY, QS and TCDA

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·3 min read
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NEW YORK, NY / ACCESSWIRE / January 19, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Joyy Inc. (NASDAQ:YY)
Class Period: April 28, 2016 - November 18, 2020
Lead Plaintiff Deadline: January 19, 2021

Joyy Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) JOYY dramatically overstated its revenues from live streaming sources; (2) The majority of users at any given time were bots; (2) the Company utilized these bots to effect a roundtripping scheme that Manufactured the false appearance of revenues; (3) the Company overstated its cash reserves; (4) the Company's acquisition of Bigo was largely contrived to benefit corporate insiders; and (5) as a result, Defendants' public statements were materially false and/or Misleading at all relevant times.

Learn about your recoverable losses in YY: http://www.kleinstocklaw.com/pslra-1/joyy-inc-loss-submission-form?id=12262&from=1

QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. (NYSE:QS)
Class Period: November 27, 2020 - December 31, 2020
Lead Plaintiff Deadline: March 8, 2021

The complaint alleges QuantumScape Corporation f/k/a Kensington Capital Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) that the Company's purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (2) that the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in QS: http://www.kleinstocklaw.com/pslra-1/quantumscape-corporation-f-k-a-kensington-capital-acquisition-corp-loss-submission-form?id=12262&from=1

Tricida, Inc. (NASDAQ:TCDA)
Class Period: September 4, 2019 - October 28, 2020
Lead Plaintiff Deadline: March 8, 2021

According to the complaint, Tricida, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Tricida's NDA for veverimer was materially deficient; (ii) accordingly, it was foreseeably likely that the FDA would not accept the NDA for veverimer; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in TCDA: http://www.kleinstocklaw.com/pslra-1/tricida-inc-loss-submission-form?id=12262&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. 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

SOURCE: The Klein Law Firm



View source version on accesswire.com:
https://www.accesswire.com/624899/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-YY-QS-and-TCDA