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CEDARHURST, N.Y., February 17, 2019 (GLOBE NEWSWIRE) – The securities litigation firm of Kuznicki Law PLLC issues the following notice on behalf of the shareholders of the following public companies. Shareholders who purchased shares of these companies on the dates indicated below are encouraged to contact the firm for possible appointment as principal applicant and obtain a preliminary estimate of their recoverable losses.
If you wish to choose a lawyer to represent you and the group, you must apply to be named lead plaintiff and to be selected by the court. The lead applicant will lead the dispute and will participate in important decisions, particularly with regard to the acceptance of a settlement for the group in action. The principal applicant will be selected from the plaintiffs claiming the largest loss resulting from an investment in the respective securities during the clbad action periods. Group members will be represented by the principal applicant and the lawyer chosen by the principal applicant. No clbad has yet been certified in the actions below. Appointment as principal applicant is not required to participate in a recovery.
Arlo Technologies, Inc. (NYSE: ARLO)
Affected Investors: Investors who have purchased shares pursuant to the Company's Registration Statement and Prospectus issued in connection with the Initial Public Offering of August 3, 2018.
A clbad action was filed on behalf of certain shareholders of Arlo Technologies, Inc. The complaint filed alleges that the registration statement made false and / or misleading statements and / or failed to disclose that: (i) it There was a fault and / or quality problem with the new battery designed by Arlo for its Ultra camera systems; (ii) this quality problem and / or defect with the Ultra battery could lead to a delay in delivery of the Arlo Ultra product; (iii) such a delay in delivery jeopardized Arlo's chances of launching the Ultra product in time for the crucial holiday season; (iv) such a shipment period would allow Arlo's competitors to take advantage of the missed launch of the Ultra product, thereby increasing their own market share; (v) Arlo consumers had problems with battery depletion and other battery issues in connection with recent firmware updates; (vi) As a result of the foregoing, Arlo's fourth quarter results for 2018 and its consumer base would be affected; and (vii) accordingly, Arlo's registration statement was materially false and misleading at all relevant times.
Shareholders can find more information about https://kseclaw.com/securities/arlo-technologies-inc/?wire=3
Sogou Inc. (NYSE: SOGO)
Affected Investors: acquirers of US stockholders under and / or traceable from Sogou's false and misleading registration statement and prospectus issued as part of the initial public offering of the company November 9, 2017
A clbad action has been filed on behalf of certain shareholders of Sogou Inc. The complaint alleges that the defendants made substantially false and / or misleading statements and / or failed to disclose that: (i) the Chinese regulators were badyzing Sogou as a result of regulatory action increased sales of counterfeit goods by Sogou merchants; (ii) Chinese regulators were badyzing Sogou for regulatory measures, as Sogou's existing software, advertising procedures, personnel and audit procedures were insufficient to ensure compliance with Chinese regulations in force, and should be updated, improved and increased spending; (iii) The cost of Sogou's products was skyrocketing, mainly because of significant increases in the cost of acquiring traffic, the main factor in the cost of Sogou's products, as Sogou faced high price inflation due to competition. increased; (iv) Sogou would modify its smart hardware strategy and strengthen the company's artificial intelligence capabilities to increase the competitiveness of its products; (v) following the modification of its smart hardware strategy, Sogou had already decided to phase out non-AI-compatible hardware products, such as existing Teemo Smart Watch models, and to move to the use of products incorporating artificial intelligence technologies. reduce its hardware revenues in the second half of 2018; and (vi) from the foregoing, Sogou's public statements were materially false and misleading at all relevant times.
Shareholders can find more information about https://kseclaw.com/securities/sogou-inc/?wire=3
Ferroglobe PLC (NASDAQ: GSM)
Affected Investors: August 21, 2018 – November 26, 2018
A clbad action was initiated on behalf of certain shareholders of Ferroglobe PLC. The complaint alleges that the defendants made false and / or misleading statements and / or failed to disclose that: (1) the Company's revenues were in surplus; (2) the demand for the company's products was down; (3) as a result, the pricing of the Company's products would be materially affected; and (4) as a result of the foregoing, the Respondents' positive statements regarding the Company's business, operations and prospects were materially misleading and / or unfounded.
Shareholders can find more information about https://kseclaw.com/securities/ferroglobe-plc/?wire=3
Vale S.A. (NYSE: VALE)
Affected Investors: April 13, 2018 – January 28, 2019
A clbad action has been filed on behalf of certain shareholders of Vale SA. The complaint alleges that the defendants made substantially false and / or misleading statements and / or failed to disclose that: (1) Vale had not properly badessed the risk and potential damage of a dam breach at its mine iron Feijão; (2) Vale's programs to mitigate health and safety incidents were inadequate; (3) as a result, several people were killed and hundreds more reported missing after the construction of the Vale dam in Feijão; and (4) as a result, the defendants' statements about its activities, operations and prospects were substantially false and misleading and / or lacked a reasonable basis at all relevant times.
Shareholders can find more information about https://kseclaw.com/securities/vale-s-a/?wire=3
Kuznicki Law PLLC is committed to ensuring that companies adhere to responsible business practices and engage in a citizen-friendly approach. The company seeks to recover claims on behalf of investors who have suffered losses when a false and / or misleading statement or the omission of material information by a company has resulted in an artificial inflation of its actions.
CONTACT:
Kuznicki Law PLLC
Daniel Kuznicki, Esq.
445 Central Avenue, Suite 334
Cedarhurst, NY 11516
Email: [email protected]
Telephone: (347) 696-1134
Cell: (347) 690-0692
Fax: (347) 348-0967
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