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LRN, YY & BRY Class Actions: Bronstein, Gewirtz & Grossman LLC Reminds Shareholders of Class Actions

·3 min read

NEW YORK, NY / ACCESSWIRE / January 13, 2021 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

K12 Inc.(NYSE:LRN)
Class Period:
April 27, 2020 - September 18, 2020
Deadline: January 19, 2021
For more info: www.bgandg.com/lrn

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) K12 lacked the technological capabilities, infrastructure, and expertise to support the increased demand for virtual and blended education necessitated by the global pandemic; (2) K12 lacked adequate cyberattack protocols and protections to prevent the disabling of its computer systems; (3) K12 was unable to provide the necessary levels of administrative support and training to teachers, students, and parents; (4) and K12's officers lacked a reasonable basis for their positive statements about the Company's business, operations, and prospects.

JOYY Inc. (NASDAQ:YY)
Class Period:
April 28, 2016 - November 18, 2020
Deadline: January 19, 2021
For more info: www.bgandg.com/yy

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) JOYY dramatically overstated its revenues from live streaming sources; (2) the majority of users at any given time were bots; (2) the Company utilized these bots to effect a roundtripping scheme that manufactured the false appearance of revenues; (3) the Company overstated its cash reserves; (4) the Company's acquisition of Bigo was largely contrived to benefit corporate insiders; and (5) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Berry Corporation (NASDAQ:BRY)
Class Period:
July 26, 2018 - November 3, 2020
Deadline: January 21, 2021
For more info: www.bgandg.com/bry

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Berry had materially overstated its operational efficiency and stability; (2) Berry's operational inefficiency and instability would foreseeably necessitate operational improvements that would disrupt the Company's productivity and increase costs; (3) the foregoing would foreseeably negatively impact the Company's revenues; and (4) as a result, the Offering Documents and the Company's public statements were materially false and/or misleading and failed to state information required to be stated therein.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC



View source version on accesswire.com:
https://www.accesswire.com/623701/LRN-YY-BRY-Class-Actions-Bronstein-Gewirtz-Grossman-LLC-Reminds-Shareholders-of-Class-Actions