NEW YORK, NY / ACCESSWIRE / April 26, 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.
DouYu International Holdings Limited (DOYU)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/douyu-international-holdings-limited-loss-submission-form?prid=6184&wire=1
Lead Plaintiff Deadline: May 26, 2020
Class Period: stock in the initial public offering pursuant and/or traceable to the documents used by defendants to conduct the initial public offering.
Allegations against DOYU include that: as of the initial public offering: (i) DouYu's risks related to its top streamers had materialized, including that: (a) a top streamer was actively misrepresenting herself on DouYu's platform;and (b) costs associated with retaining top streamers was swelling; (ii) DouYu did not ensure that all of its products were fully compliant with current regulatory requirements before those products became available online; and (iii) key interactive features of DouYu's "lucky draw"were non-compliant with current regulatory requirements.
Intelsat S.A. (NYSE:I)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/intelsat-s-a-loss-submission-form?prid=6184&wire=1
Lead Plaintiff Deadline: June 8, 2020
Class Period: November 5, 2019 to November 18, 2019
The complaint filed against BC Partners, its individual partners and directors of Intelsat Raymond Svider and Justice Bateman, and Silver Lake Group, L.L.C. (and its related entities) alleges that throughout the class period, defendants made false and misleading statements to the market. Specifically, the complaint alleges that Silver Lake and its fellow defendants violated the Exchange Act by selling a block of Intelsat's shares while holding material non-public information, including the fact that the Company had met with the Federal Communications Commission (the "FCC") on November 5, 2019 to discussed the sale of spectrum controlled by Intelsat for future "5G" use (the "C-Band"). The FCC opposed Intelsat's proposal for a private sale of the C-Band, preferring a public auction. The FCC announced a public auction of the C-Band on November 18, 2019, contrary to Intelsat's wishes, its stock dropped 40%.
iQIYI, Inc. (IQ)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/iqiyi-inc-loss-submission-form?prid=6184&wire=1
Lead Plaintiff Deadline: June 15, 2020
Class Period: March 29, 2018 to April 7, 2020
Allegations against IQ include that: (1) iQIYI inflated its revenue figures; (2) iQIYI inflated its user numbers; (3) iQIYI inflated its expenses to cover up other fraud; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.
To learn more contact Vincent Wong, Esq. either via email firstname.lastname@example.org 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.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
SOURCE: The Law Offices of Vincent Wong
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