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Lawsuits Filed Against NSP, KODK and PROG - Jakubowitz Law Pursues Shareholders Claims

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NEW YORK, NY / ACCESSWIRE / September 8, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Insperity, Inc. (NYSE:NSP)

CONTACT JAKUBOWITZ ABOUT NSP:
https://claimyourloss.com/securities/insperity-inc-loss-submission-form/?id=9103&from=1

Class Period : February 11, 2019 - February 11, 2020

Lead Plaintiff Deadline : September 21, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) the Company had failed to negotiate appropriate rates with its customers for employee benefit plans and did not adequately disclose the risk of large medical claims from these plans; (b) Insperity was experiencing an adverse trend of large medical claims; (c) as a mitigating measure, the Company would be forced to increase the cost of its employee benefit plans, causing stunted customer growth and reduced customer retention; and (d) the foregoing issues were reasonably likely to, and would, materially impact Insperity’s financial results.

Eastman Kodak Company (NYSE:KODK)

CONTACT JAKUBOWITZ ABOUT KODK:
https://claimyourloss.com/securities/eastman-kodak-company-loss-submission-form/?id=9103&from=1

Class Period : July 27, 2020 - August 11, 2020

Lead Plaintiff Deadline : October 13, 2020

According to a filed complaint, defendants failed to disclose that the Company had granted its Executive Chairman, James Continenza, and several other Company insiders millions of dollars’ worth of stock options immediately prior to the Company publicly disclosing that it had received the $765 million loan, which Defendants knew would cause Kodak’s stock to immediately increase in value once the deal was announced. In addition, while in possession of this material non-public information, Continenza and other Company insiders purchased tens of thousands of the Company’s shares immediately prior to the announcement, again at prices that they knew would increase exponentially once news of the loan became public.

Progenity, Inc. (NASDAQ:PROG)

CONTACT JAKUBOWITZ ABOUT PROG:
https://claimyourloss.com/securities/progenity-inc-loss-submission-form/?id=9103&from=1

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.

Lead Plaintiff Deadline : October 27, 2020

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.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law



View source version on accesswire.com:
https://www.accesswire.com/605132/Lawsuits-Filed-Against-NSP-KODK-and-PROG--Jakubowitz-Law-Pursues-Shareholders-Claims