U.S. Markets close in 11 mins

VWAGY, CCXI & SKLZ Shareholder Alert: Bronstein, Gewirtz & Grossman LLC Reminds Shareholders of Class Actions and Encourages Shareholders to Contact the Firm

·3 min read

NEW YORK, NY / ACCESSWIRE / June 16, 2021 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Volkswagen AG (OTC PINK:VWAGY)
Class Period: March 29, 2021 - March 30, 2021
Deadline: June 29, 2021
For more info: www.bgandg.com/vwagy

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose that: (1) "Voltswagen" was never going to be used by the Volkswagen, Volkswagen Group of America, Inc. ("VWoA"), or on any relevant vehicle; (2) Volkswagen, VWoA, and their spokespeople purposefully misled reporters regarding the now-purported "joke" and/or "promotion"; and (3) as a result, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.

ChemoCentryx, Inc. (NASDAQ:CCXI)
Class Period: November 26, 2019 - May 6, 2021
Deadline: July 6, 2021
For more info: www.bgandg.com/ccxi

On May 4, 2021, the U.S. Food and Drug Administration ("FDA") released a "Briefing Document" concerning ChemoCentryx's drug candidate avacopan, which is in development for the treatment of adult patients with anti-neutrophil cytoplasmic autoantibody (ANCA) vasculitis. To support its New Drug Application for avacopan, ChemoCentryx relied primarily upon its Phase III ADVOCATE study. In the Briefing Document, the FDA wrote that "[c]omplexities of the study design . . . raise questions about the interpretability of the data to define a clinically meaningful benefit of avacopan and its role in the management of" ANCA vasculitis. The FDA further wrote that it had "identified several areas of concern, raising uncertainty about the interpretability of the[] data and the clinical meaningfulness of these results." On this news, ChemoCentryx's stock price fell $22.19 per share, or 45.45%, to close at $26.63 per share on May 4, 2021.

Skillz Inc. (NYSE:SKLZ)
Class Period: December 16, 2020 - April 19, 2021
Deadline: July 7, 2021
For more info: www.bgandg.com/sklz

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose that: (1) three games responsible for a majority of Skillz's revenues had declined substantially; (2) Skillz's revenue recognition policy misrepresented the financial condition of the company; (3) unrealistic market growth, specifically in the Android market; and (4) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC



View source version on accesswire.com:
https://www.accesswire.com/650477/VWAGY-CCXI-SKLZ-Shareholder-Alert-Bronstein-Gewirtz-Grossman-LLC-Reminds-Shareholders-of-Class-Actions-and-Encourages-Shareholders-to-Contact-the-Firm