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LAWSUITS FILED AGAINST SPLK, PEN and JFU - Jakubowitz Law Pursues Shareholders Claims

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·3 min read
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NEW YORK, NY / ACCESSWIRE / February 1, 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.

Splunk Inc. (NASDAQ:SPLK)

CONTACT JAKUBOWITZ ABOUT SPLK:
https://claimyourloss.com/securities/splunk-inc-loss-submission-form/?id=12585&from=1

Class Period : October 21, 2020 - December 2, 2020

Lead Plaintiff Deadline : February 2, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.

Penumbra, Inc. (NYSE:PEN)

CONTACT JAKUBOWITZ ABOUT PEN:
https://claimyourloss.com/securities/penumbra-inc-loss-submission-form/?id=12585&from=1

Class Period : August 3, 2020 - December 15, 2020

Lead Plaintiff Deadline : March 16, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) that the Jet 7 Xtra Flex had known design defects that made it unsafe for its normal use; (2) that Penumbra did not adequately address the risk of the Jet 7 Xtra Flex causing serious injury and deaths, which had in fact already occurred; (3) that the Jet 7 Xtra Flex was likely to be recalled due to its safety issues; and (4) as a result, Penumbra's public statements as set forth above were materially false and misleading at all relevant times.

9F Inc. (NASDAQ:JFU)

CONTACT JAKUBOWITZ ABOUT JFU:
https://claimyourloss.com/securities/9f-inc-loss-submission-form/?id=12585&from=1

Lawsuit on behalf of investors who purchased JFU securities: (1) pursuant and/or traceable to the registration statement and related prospectus issued in connection with the Company's August 14, 2019 initial public offering; and/or (2) between August 14, 2019 and September 29, 2020.

Lead Plaintiff Deadline : March 22, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the purported value and benefits of the Company's financial institution partners and its tri-party cooperation business model did not in fact exist and/or were materially overstated, given that 9F and Property and Casualty Company Limited (“PICC”) had been engaged in an ongoing contractual dispute regarding payment of service fees under their cooperation agreement; (2) the collectability of service fees owed to 9F by PICC under the cooperation agreement was in doubt and at serious risk of non-payment; (3) there was a significant risk that PICC would no longer provide credit insurance and guarantee protection to investors and institutional funding partners; (4) as a result of the foregoing, the Company's platform, business model, reputation and financial results had been materially impaired; and (5) as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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/627133/LAWSUITS-FILED-AGAINST-SPLK-PEN-and-JFU--Jakubowitz-Law-Pursues-Shareholders-Claims