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NEW YORK, Aug. 3, 2019 (GLOBE NEWSWIRE) – Bragar Eagel & Squire, PC reminds investors that clbad actions have been commenced on behalf of the shareholders of Kingstone Companies, Inc., Zuora, Inc., Pivotal Software, Inc. and Eros International Plc. 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.
Kingstone Companies (NASDAQ: KINS)
Period of the course: from March 14, 2018 to April 29, 2019
Principal Applicant Deadline: August 12, 2019
The complaint, filed on June 12, 2019, alleges that throughout the Clbad Period the defendants made substantially false and / or misleading statements and failed to disclose material adverse facts about the activities, activities and prospects of the Respondent. the society. Specifically, the defendants did not disclose to investors: (1) that the company had not adequately followed the industry's best practices in dealing with claims; (2) as a result, the Company has not recorded sufficient claims reserves; (3) the lack of internal control of the company on the financial information; and (4) as a result of the foregoing, the defendants' affirmative statements regarding the Company's business, operations and prospects were materially misleading and / or lacking a reasonable basis.
For more information on the Kingstone Clbad Action, go to: https://bespc.com/KINS-2
Zuora, Inc. (NYSE: ZUO)
Period of the course: April 12, 2018 to May 30, 2019
Principal Applicant Deadline: August 13, 2019
The complaint, filed on June 14, 2019, alleges that throughout the Clbad Period the defendants made substantially false and / or misleading statements and failed to disclose material adverse facts about the activities, activities and prospects of the defendants. the society. Specifically, the defendants did not disclose to investors: (1) that the company would focus on implementing RevPro for new customers before the deadline to comply with ASC 606 accounting standard; (2) as a result, the company did not have the resources to integrate RevPro into its core businesses; (3) that the company would focus on the integration of RevPro one year after the closing of the acquisition; (4) delays in the integration of RevPro would have a significant impact on the company; (5) that the RevPro market was limited to customers wishing to implement new accounting standards such as ASC 606; (6) that after the expiry of the ASC 606 compliance deadline, RevPro's application was reasonably likely to decrease; and (7) as a result of the foregoing, the defendants' positive statements regarding the Company's business, operations and prospects were very misleading and / or unfounded.
To learn more about the Zuora Clbad Action, go to: https://bespc.com/ZUO
Pivotal Software, Inc. (NYSE: PVTL)
Period of the course: Securities under or traceable from the initial public offering ("IPO") of Pivotal of April 2018 and / or securities purchased or acquired between April 24, 2019 and June 4, 2019 (the "period category).
Principal Applicant Deadline: August 19, 2019
The complaint, filed on June 21, 2019, alleges that throughout the Clbad Period, the defendants made substantially false and misleading representations with respect to the Company's business, operational and compliance policies. Specifically, the accused made false and / or misleading statements and / or failed to disclose the following facts: More specifically, they made false and / or misleading statements and / or failed to disclose that: (i) Pivotal was facing major problems complex technological landscape; (ii) the foregoing headwinds resulted in deferred sales, lengthened sales cycles and dampened growth as its customers and industry shifted away from Pivotal's core products because the Company's products were obsolete, inadequate and inconsistent with the industry standard platform; and (iii) as a result, the public statements of the company were materially false and misleading at all material times. On June 4, 2019, after marketing, Pivotal released its financial and operating results for the first quarter of fiscal year 2020, informing investors that "sales execution and a complex technology landscape had an impact on the quarter ". Wedbush Securities badyst Daniel Ives called the quarter a "disaster" and called the company's operating results "disastrous", saying Pivotal's management team did not master the underlying issues negatively impacting its sales cycles and activity in the field. which makes us fear that this quarter is the beginning of "dark days" for Pivotal (and its investors). "On this news, Pivotal's stock price dropped $ 7.60.
To learn more about the Pivotal Software Clbad Action, go to: https://bespc.com/PVTL-2
Eros International Plc (NYSE: EROS)
Period of the course: from July 28, 2017 to June 5, 2019
Principal Applicant Deadline: August 20, 2019
The complaint, filed on June 21, 2019, alleges that throughout the Clbad Period, the Defendants made false and / or misleading statements and / or failed to disclose that: (1) Eros and his officers committed themselves in a ploy using transactions with related parties to: manufacture claims that they have reported in Eros' public financial information; (2) as a result of this plan, Eros' financial position was weaker than that disclosed by the Company; (3) as a result, the company's Indian subsidiary, Eros International Media Ltd, failed to pay its loan and had its credit downgraded; and (4) as a result of the foregoing, the respondents 'statements regarding Eros' claims, activities, operations and prospects were substantially false and misleading and / or were without reasonable foundation at all material times. When the real details entered the market, the lawsuit claims that the investors have suffered damages.
To learn more about the Eros Clbad Action, go to: https://bespc.com/eros-2
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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