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SHAREHOLDER ALERT: LRN QIWI KNDI: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

·3 min read

NEW YORK, NY / ACCESSWIRE / December 29, 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.

K12 Inc. (NYSE:LRN)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/k12inc-loss-submission-form?prid=11842&wire=1
Lead Plaintiff Deadline: January 19, 2021
Class Period: April 27, 2020 - September 18, 2020

Allegations against LRN include that: (i) K12 lacked the technological capabilities, infrastructures, and expertise to support the increased demand for virtual and blended education necessitated by the global pandemic; (ii) K12 lacked adequate cyberattack protocols and protections to prevent the disabling of its computer system; (iii) K12 was unable provide the necessary levels of administrative support and training to teachers, students, and parents; and (iv) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company's business, operations, and prospects and/or lacked a reasonable basis and omitted facts.

Qiwi plc (NASDAQ:QIWI)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/qiwi-plc-loss-submission-form?prid=11842&wire=1
Lead Plaintiff Deadline: February 9, 2021
Class Period: March 28, 2019 - December 9, 2020

Allegations against QIWI include that: (1) Qiwi's internal controls related to reporting and record-keeping were ineffective; (2) consequently, the Central Bank of Russia would impose a monetary fine upon the Company and impose restrictions upon the Company's ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Kandi Technologies Group, Inc. (NASDAQ:KNDI)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/kandi-technologies-group-inc-loss-submission-form?prid=11842&wire=1
Lead Plaintiff Deadline: February 9, 2021
Class Period: March 15, 2019 - November 27, 2020

Allegations against KNDI include that: (i) Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms length relationship with Kandi; (ii) the majority of Kandi's sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; (iii) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi's reported revenues and, in turn, have a foreseeable negative impact on the Company's reputation and valuation; and (iv) 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



View source version on accesswire.com:
https://www.accesswire.com/622535/SHAREHOLDER-ALERT-LRN-QIWI-KNDI-The-Law-Offices-of-Vincent-Wong-Reminds-Investors-of-Important-Class-Action-Deadlines