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NEW YORK, July 9, 2019 – GLOBE NEWSWIRE – Bragar Eagel & Squire, PC reminds investors that clbad actions have been commenced on behalf of the shareholders of CBL and its properties, Inc., Floor & Decor Holdings, Inc., RCI Hospitality Holdings, Inc. and Livent Corporation. Shareholders have until the deadline below to apply to the court to act as lead plaintiff. Additional information on each case is available on the link provided.
CBL and Associates Properties, Inc. (NYSE: CBL)
Period of the course: from July 29, 2014 to March 26, 2019
Principal Applicant Deadline: July 17, 2019
The complaint alleges that throughout the recourse period, the defendants made false and / or misleading statements and / or failed to disclose in their filings with the SEC that the company had been misrepresented. A clbad action that can result in tens or even hundreds of millions of dollars in liability. More specifically, the complaint alleges that the accused completely ignored their disclosure obligation, motivated by the desire to avoid any negative publicity surrounding their dishonest nature and dishonest behavior.
To learn more about the CBL clbad action, go to https://bespc.com/cbl/
Floor & Decor Holdings, Inc. (NYSE: FND)
Period of the course: May 23, 2018 – August 1, 2018
Principal Applicant Deadline: July 19, 2019
The complaint alleges that throughout the recourse period, the defendants made false and misleading statements and / or failed to disclose adverse information regarding Floor & Decor's business and prospects. Specifically, the complaint alleges that each statement contained in the registration statement filed with the SEC regarding the current financial position of the corporation was materially false and misleading. The complaint alleges that prior to the second secondary placement, the defendants knew, without disclosing it, that the company had already begun to experience a downward trend in sales which would result in a reduction of its forecast for the year. fiscal year 2018 and adjusted earnings per share, which had been increased recently in May 2018. This unfavorable information was concealed from the market, and the company's share price was inflated artificially during the reporting period, allowing insiders The company sells more than 10.3 million shares of Decor's ordinary Floor & Shares, including the shares sold under the May 24 secondary offering, for proceeds greater than $ 466 million.
To learn more about the Floor & Decor clbad action, go to: http://bespc.com/fnd-2
RCI Hospitality Holdings, Inc. (NASDAQ: RICK)
Period of the course: from August 8, 2017 to May 10, 2019
Principal Applicant Deadline: July 22, 2019
The complaint alleges that throughout the recourse period, the defendants made falsely significant and / or misleading statements, and did not disclose material adverse facts about the company's business, operations and prospects. More specifically, the complaint alleges that the defendants failed to disclose to the investors that: (1) the company has made numerous transactions with the CEO, including by lending significant amounts to him; (2) these practices were reasonably likely to lead to a regulatory review of the company; (3) as a result of corporate governance investigations, the Company would not be able to file its financial statements in a timely manner; and (4) as a result of the foregoing, the defendants' positive statements regarding the Company's business, operations and prospects were materially false and / or misleading and / or unfounded.
For more information on RCI Hospitality Holdings' clbad action, go to: https://bespc.com/rick/
Livent Corporation (NYSE: LTHM)
Period of the course: from October 7, 2018 to May 22, 2019 or securities under the terms and / or traceable from the initial public offering ("IPO") around October 12, 2018
Principal Applicant Deadline: July 22, 2019
The complaint alleges that the registration statement was false and misleading and that it failed to state material adverse facts. Specifically, the complaint alleges that the defendants did not disclose to investors that: (1) a supply agreement with Nemaska Lithium Inc. had been terminated; (2) As a result, the company would be forced to respect its contracts with alternative suppliers with reduced revenues and reduced margins; (3) the company had a long-standing contract to supply lithium hydroxide to a customer at a price well below all existing company contracts; (4) the margins of the company were reduced due to the increase in customer orders; and (5) as a result of the foregoing, the Respondents' affirmative statements regarding the Company's business, operations and prospects were materially misleading and / or unfounded.
To learn more about the Livent Clbad Action, go to: http://www.bespc.com/lthm
Bragar Eagel & Squire, P.C. is a New York-based law firm specializing in commercial and securities litigation. For more information on Bragar Eagel & Squire, P.C. please go to www.bespc.com. Public Prosecutor. Previous results do not guarantee similar results.
contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com
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