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LAWSUITS FILED AGAINST VXRT, FSLY and PROG - Jakubowitz Law Pursues Shareholders Claims

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

Vaxart, Inc. (NASDAQ:VXRT)

CONTACT JAKUBOWITZ ABOUT VXRT:
https://claimyourloss.com/securities/vaxart-inc-loss-submission-form/?id=9773&from=1

Class Period : June 25, 2020 - July 25, 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) Vaxart exaggerated the prospects of its COVID-19 vaccine candidate, including its purported role or involvement in Operation Warp Speed ('OWS'), a program which commits the federal government to massive funding for the development of COVID-19 vaccines; 2) Vaxart's COVID-19 vaccine candidate had no reasonable prospect for mass production and marketing and was not among the companies chosen to receive significant financial support from OWS to produce hundreds of millions of vaccine doses; and 3) Vaxart's COVID-19 vaccine candidate was merely selected to participate in preliminary U.S. government studies to determine potential areas for possible OWS partnership and support.

Fastly, Inc. (NYSE:FSLY)

CONTACT JAKUBOWITZ ABOUT FSLY:
https://claimyourloss.com/securities/fastly-inc-loss-submission-form/?id=9773&from=1

Class Period : May 6, 2020 - August 5, 2020

Lead Plaintiff Deadline : October 26, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Fastly’s largest customer was ByteDance, operator of TikTok, which was known to have serious security risks and was under intense scrutiny by U.S. officials; (2) there was a material risk that Fastly’s business would be adversely impacted should any adverse actions be taken against ByteDance or TikTok by the U.S. government; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Progenity, Inc. (NASDAQ:PROG)

CONTACT JAKUBOWITZ ABOUT PROG:
https://claimyourloss.com/securities/progenity-inc-loss-submission-form/?id=9773&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/608973/LAWSUITS-FILED-AGAINST-VXRT-FSLY-and-PROG--Jakubowitz-Law-Pursues-Shareholders-Claims