NEW YORK, NY / ACCESSWIRE / November 22, 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.
iRobot Corporation (IRBT)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/irobot-corporation-loss-submission-form?prid=4561&wire=1
Lead Plaintiff Deadline: December 23, 2019
Class Period: November 21, 2016 to October 22, 2019
The filed complaint alleges that defendants misrepresented the reason for iRobot's acquisitions of Tokyo-based Sales on Demand Corporation and privately-held Robopolis SAS, which was to control the Company's largest distributors so that defendants could inflate sales and revenue figures by stuffing the channel. Defendants further misled investors by repeatedly telling them throughout the Class Period that the Company was seeing continued double-digit revenue growth, and by attributing the growth to increased demand for the Roomba vacuums, when in reality defendants were engaging in channel-stuffing to artificially boost sales. Defendants also misstated that the Company's channel inventory levels had not changed and would not change dramatically from quarter to quarter or year over year, when in fact iRobot was deliberately stuffing the channel in order to claim false revenue growth.
Twitter, Inc. (TWTR)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/twitter-inc-loss-submission-form?prid=4561&wire=1
Lead Plaintiff Deadline: December 30, 2019
Class Period: August 6, 2019 to October 23, 2019
The filed complaint alleges that defendants engaged in a scheme to deceive the market and a course of conduct that artificially inflated Twitter's common share price and operated as a fraud or deceit on purchasers of Twitter common stock by misrepresenting the Company's operating condition and future business prospects. The scheme was perpetrated by making positive statements about Twitter's business while defendants knew, or disregarded with deliberate recklessness, certain adverse facts. When defendants' prior misrepresentations were disclosed and became apparent to the market, the price of Twitter's common stock fell precipitously.
Azz, Inc. (AZZ)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/azz-inc-loss-submission-form?prid=4561&wire=1
Lead Plaintiff Deadline: January 3, 2020
Class Period: July 3, 2018 to October 8, 2019
Allegations against AZZ include that: (1) the Company's internal controls over financial reporting were not effective; (2) the Company improperly implemented ASC 606 which resulted in improper revenue reconciliations; and (3) 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 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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