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LAWSUITS FILED AGAINST REGI, OTRK and EBON - Jakubowitz Law Pursues Shareholders Claims

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NEW YORK, NY / ACCESSWIRE / April 27, 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.

Renewable Energy Group, Inc. (NASDAQ:REGI)

CONTACT JAKUBOWITZ ABOUT REGI:
https://claimyourloss.com/securities/renewable-energy-group-inc-loss-submission-form/?id=15196&from=1

Class Period: May 3, 2018 - February 25, 2021

Lead Plaintiff Deadline: May 3, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company's customers; (2) as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020; (3) as a result, Renewable Energy's revenue and net income were overstated for certain periods; (4) there was a material weakness in the Company's internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and (5) 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.

Ontrak, Inc. (NASDAQ:OTRK)

CONTACT JAKUBOWITZ ABOUT OTRK:
https://claimyourloss.com/securities/ontrak-inc-loss-submission-form/?id=15196&from=1

Class Period : November 5, 2020 - February 26, 2021

Lead Plaintiff Deadline: May 3, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Ontrak's largest customer evaluated the Company on a provider basis, valuing Ontrak's performance based on achieving the lowest cost per medical visit rather than clinical outcomes or medical cost savings; (2) as a result, Ontrak's largest customer did not find the Company's program to be effective and was reasonably likely to terminate its contract with Ontrak; (3) because this customer accounted for a significant portion of the Company's revenue, the loss of the customer would have an outsized impact on Ontrak's financial results; and (4) 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.

Ebang International Holdings Inc. (NASDAQ:EBON)

CONTACT JAKUBOWITZ ABOUT EBON:
https://claimyourloss.com/securities/ebang-international-holdings-inc-loss-submission-form/?id=15196&from=1

Class Period: June 26, 2020 - April 5, 2021

Lead Plaintiff Deadline: June 7, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the proceeds from Ebang's public offerings had been directed to an low yield, long term bonds to an underwriter and to related parties rather than used to develop the Company's operations; (2) Ebang's sales were declining and the Company had inflated reported sales, including through the sale of defective units; (3) Ebang's attempts to go public in Hong Kong had failed due to allegations of embezzling investor funds and inflated sales figures; (4) Ebang's purported crytocurrency exchange was merely the purchase of an out-of-the-box crypto exchange; and (5) 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.

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/642542/LAWSUITS-FILED-AGAINST-REGI-OTRK-and-EBON--Jakubowitz-Law-Pursues-Shareholders-Claims