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SHAREHOLDER ALERT: BIDU PROG POR: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

·3 min read

NEW YORK, NY / ACCESSWIRE / October 13, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Baidu, Inc. (NASDAQ:BIDU)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/baidu-inc-loss-submission-form-2?prid=10067&wire=1
Lead Plaintiff Deadline: October 19, 2020
Class Period: April 8, 2016 - August 13, 2020

Allegations against BIDU include that: (1) Baidu misrepresented the financial and business condition of iQIYI; (2) iQIYI had inadequate controls; and (3) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Progenity, Inc. (NASDAQ:PROG)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/progenity-inc-loss-submission-form?prid=10067&wire=1
Lead Plaintiff Deadline: October 27, 2020
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.

Allegations against PROG include 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.

Portland General Electric Company (NYSE:POR)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/portland-general-electric-company-loss-submission-form?prid=10067&wire=1
Lead Plaintiff Deadline: November 2, 2020
Class Period: April 24, 2020 - August 24, 2020

Allegations against POR include that: (1) PGE lacked effective internal controls over its energy trading practices; (2) PGE personnel had entered energy trades during 2020, with increasing volume accumulating late in the second quarter and into the third quarter, that created significant negative financial exposure for PGE; (3)as a result, the Company was reasonably likely to incur significant losses; 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.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong



View source version on accesswire.com:
https://www.accesswire.com/610292/SHAREHOLDER-ALERT-BIDU-PROG-POR-The-Law-Offices-of-Vincent-Wong-Reminds-Investors-of-Important-Class-Action-Deadlines