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LAWSUITS FILED AGAINST PLAN, PROG and TRQ - Jakubowitz Law Purses Shareholders Claims

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NEW YORK, NY / ACCESSWIRE / October 20, 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.

Anaplan Inc. (NYSE:PLAN)

CONTACT JAKUBOWITZ ABOUT PLAN:
https://claimyourloss.com/securities/anaplan-inc-loss-submission-form/?id=10323&from=1

Class Period : November 21, 2019 - February 26, 2020

Lead Plaintiff Deadline : October 23, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was undergoing sales organization and execution challenges; (2) these organizational challenges were causing the Company to miss on closing very important large deals; and (3) as a result, Anaplan's financial guidance for "calculated billings growth" was baseless and unattainable. Further, while in possession of this material non-public information, Anaplan insiders dumped approximately $30 million worth of Anaplan stock at artificially inflated prices.

Progenity, Inc. (NASDAQ:PROG)

CONTACT JAKUBOWITZ ABOUT PROG:
https://claimyourloss.com/securities/progenity-inc-loss-submission-form/?id=10323&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.

Turquoise Hill Resources Ltd. (NYSE:TRQ)

CONTACT JAKUBOWITZ ABOUT TRQ:
https://claimyourloss.com/securities/turquoise-hill-resources-ltd-loss-submission-form/?id=10323&from=1

Class Period : July 17, 2018 - July 31, 2019

Lead Plaintiff Deadline : December 14, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the progress of underground development of Oyu Tolgoi was not proceeding as planned; (ii) there were significant undisclosed underground stability issues that called into question the design of the mine, the projected cost and timing of production; (iii) the company's publicly disclosed estimates of the cost, date of completion and dates for production from the underground mine were not achievable; (iv) the development capital required for the underground development of Oyu Tolgoi would cost substantially more than a billion dollars over what the company had represented; and (v) Turquoise Hill would require additional financing and/or equity to complete the project.

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/611410/LAWSUITS-FILED-AGAINST-PLAN-PROG-and-TRQ--Jakubowitz-Law-Purses-Shareholders-Claims