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Lawsuits Filed Against QIWI, KNDI and QSR - Jakubowitz Law Pursues Shareholders Claims

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·3 min read
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NEW YORK, NY / ACCESSWIRE / February 2, 2021 / 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.

Qiwi plc (NASDAQ:QIWI)

CONTACT JAKUBOWITZ ABOUT QIWI:
https://claimyourloss.com/securities/qiwi-plc-loss-submission-form/?id=12628&from=1

Class Period : March 28, 2019 - December 9, 2020

Lead Plaintiff Deadline : February 9, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Qiwi's internal controls related to reporting and record-keeping were ineffective; (2) consequently, the Central Bank of Russia would impose a monetary fine upon the Company and impose restrictions upon the Company's ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Kandi Technologies Group, Inc. (NASDAQ:KNDI)

CONTACT JAKUBOWITZ ABOUT KNDI:
https://claimyourloss.com/securities/kandi-technologies-group-inc-loss-submission-form/?id=12628&from=1

Class Period : March 15, 2019 - November 27, 2020

Lead Plaintiff Deadline : February 9, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms length relationship with Kandi; (ii) the majority of Kandi's sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; (iii) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi's reported revenues and, in turn, have a foreseeable negative impact on the Company's reputation and valuation; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Restaurant Brands International Inc. (NYSE:QSR)

CONTACT JAKUBOWITZ ABOUT QSR:
https://claimyourloss.com/securities/restaurant-brands-international-inc-loss-submission-form/?id=12628&from=1

Class Period : April 29, 2019 - October 28, 2019

Lead Plaintiff Deadline : February 19, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's Winning Together Plan was failing to generate substantial, sustainable improvement within the Tim Hortons brand; (2) the Tims Rewards loyalty program was not generating sustainable revenue growth as increased customer traffic was not offsetting promotional discounting; and (3) as a result, Defendants' statements about the Company's business, operations, and prospects lacked a reasonable basis.

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/627482/Lawsuits-Filed-Against-QIWI-KNDI-and-QSR--Jakubowitz-Law-Pursues-Shareholders-Claims