NEW YORK, NY / ACCESSWIRE / December 20, 2019 / 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.
Green Dot Corporation (GDOT)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/green-dot-corporation-loss-submission-form?prid=4998&wire=1
Lead Plaintiff Deadline: February 17, 2020
Class Period: May 9, 2018 to November 7, 2019
Allegations against GDOT include that: (1) Green Dot's strategy to attract "high-value" long-term customers was at the expense of "one and done" customers; (2) Green Dot's "one and done" customers represented a significant source of revenues in its legacy segment; (3) consequently, Green Dot's strategy was self-sabotaging; and (4) as a result of the foregoing, Defendants' statements about its business and operations were materially false and misleading at all relevant times.
Resideo Technologies, Inc. (REZI)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/resideo-technologies-inc-loss-submission-form?prid=4998&wire=1
Lead Plaintiff Deadline: January 7, 2020
Class Period: October 29, 2018 to October 22, 2019
Allegations against REZI include that: (a) the negative operational effects of the Company's spin-off from Honeywell International Inc. were more substantial and persistent than disclosed and had negatively affected Resideo's product sales, supply chain, and gross margins, putting the Company's FY19 financial forecasts at risk; and (b) as a result of the foregoing, the Company's financial guidance lacked a reasonable basis and the Company was not on track to make its FY19 guidance as claimed.
Grubhub Inc. (GRUB)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/grubhub-inc-loss-submission-form?prid=4998&wire=1
Lead Plaintiff Deadline: January 21, 2020
Class Period: July 30, 2019 to October 28, 2019
Allegations against GRUB include that: (i) customer orders were actually declining, despite the massive investments that the Company had made to spur demand for and use of its platform; (ii) Grubhub's new customer additions were generating significantly lower revenues as compared to historic cohorts because these customers were more prone to using competitor platforms; (iii) Grubhub's vaunted business model under which it secured exclusive partnerships had failed, and Grubhub needed to engage in the same aggressive nonpartnered sales tactics embraced by its competitors to generate significant revenue growth; (iv) Grubhub was required to spend substantial additional capital in order to grow revenues and retain market share in the face of heightened competitive dynamics and market saturation, eviscerating the Company's profitability; and (v) Grubhub was tracking tens of millions of dollars below its revenue and earnings guidance and such guidance lacked any reasonable basis.
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.
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New York, NY 10002
SOURCE: The Law Offices of Vincent Wong
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