SHAREHOLDER ALERT: LOPE R WFC: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
NEW YORK, NY / ACCESSWIRE / June 18, 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.
Grand Canyon Education, Inc. (LOPE)
If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/grand-canyon-education-inc-loss-submission-form?prid=7416&wire=1
Lead Plaintiff Deadline: July 13, 2020
Class Period: January 5, 2018 - January 27, 2020
According to a filed complaint, statements made by Defendants were false and/or misleading because following Grand Canyon's spin-off of its educational assets as Grand Canyon University ("GCU"): (i) GCU would not be a proper non-profit organization as it would remain under the control of Grand Canyon, and (ii) Grand Canyon would not be a third-party service provider to GCU but rather would continue to effectively operate the entity, and (iii) Grand Canyon employees served as executives of GCU and (iv) GCU functioned as an off-balance-sheet entity to which Grand Canyon would be able to funnel expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyon's financial results.
Ryder System, Inc. (NYSE:R)
If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/ryder-system-inc-loss-submission-form?prid=7416&wire=1
Lead Plaintiff Deadline: July 20, 2020
Class Period: July 23, 2015 - February 13, 2020
Allegations against R include that: (1) Ryder's financial results were inflated as a result of the Company's practice of overstating the residual values of the vehicles in its fleet; (2) there was no reasonable basis to believe that Ryder would sell its used vehicles for the amounts that it had assigned to them; (3) Ryder's residual values for its fleet of vehicles exceeded the expected future values that would be realized upon the sale of those vehicles; 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.
Wells Fargo & Company (WFC)
If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/wells-fargo-company-loss-submission-form?prid=7416&wire=1
Lead Plaintiff Deadline: August 3, 2020
Class Period: April 5, 2020 - May 5, 2020
Allegations against WFC include that: (i) Wells Fargo planned to, and did, improperly allocate government-backed loans under the Paycheck Protection Program ("PPP"), and/or had inadequate controls in place to prevent such misallocation; (ii) the foregoing foreseeably increased the Company's litigation risk with respect to PPP allocation, as well as increased regulatory scrutiny and/or potential enforcement actions; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
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
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