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NEW YORK, February 17, 2019 (GLOBE NEWSWIRE) – Levi & Korsinsky, LLP announces that clbad actions have been commenced on behalf of the shareholders of the following publicly traded companies. Shareholders interested in performing the duties of lead plaintiff have until the time limits for filing a motion with the court are presented. For more details on these cases, see the links provided. There is no cost or obligation for you.
YRC Worldwide Inc. (NASDAQGS: YRCW)
Clbad period: March 10, 2014 – December 14, 2018
Deadline for the principal applicant: March 4, 2019
Join the action: https://www.zlk.com/pslra-1/yrc-worldwide-inc-loss-form?wire=3
About the lawsuit: Throughout the legal proceedings, YRC Worldwide Inc. allegedly made false and / or misleading statements and / or failed to disclose that: (1) from 2005 to at least 2013, YRC units had systematically overloaded the federal government for the transportation of goods services; (2) this presumed fault led the Department of Defense to pay in excess of millions of dollars for lighter and therefore less expensive shipments than the weights for which the government was accused; (3) therefore, this alleged misconduct would subject YRC to increased government control and accountability, possibly including triple damages under the False Claims Act; and (4) as a result, the public statements of the Company were materially false and misleading at all material times.
To find out more about the YRC Worldwide Inc. clbad action [email protected].
Sogou Inc. (NYSE: SOGO)
Clbad period: American Depositary share purchasers under and / or traceability of Sogou 's registration statement and false and misleading prospectus issued in the course of the initial public offering to the. savings of the company on November 9, 2017.
Deadline for the principal applicant: March 11, 2019
Join the action: https://www.zlk.com/pslra-1/sogou-inc-loss-form?wire=3
About the lawsuit: During the recourse period, Sogou Inc. allegedly made substantially false and / or misleading statements and / or failed to disclose that: (i) the Chinese regulators were badyzing Sogou's action due to increased sales of Sogou merchants: counterfeit goods; (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 strengthened in 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 material 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.
To find out more about the Sogou Inc. clbad action [email protected].
Astec Industries, Inc. (NASDAQ: ASTE)
Clbad period: July 26, 2016 – October 22, 2018
Deadline for the principal applicant: April 2, 2019
Join the action: https://www.zlk.com/pslra-1/astec-industries-inc-loss-form?wire=3
The complaint alleges that throughout the recourse period, the defendants made false and misleading statements and / or failed to disclose adverse information about Astec's business, operations and prospects, including that its Wood pellet production plants faced significant and costly problems that prevented them from functioning properly. promised production capacity, posing a threat to the activities of the pellet production facility company, its overall financial performance and its financial prospects. Because this information was hidden from the marketplace, the price of Astec shares was artificially inflated to a high of nearly $ 70 per share during the reporting period.
To find out more about the Astec Industries, Inc. clbad action [email protected].
General Electric Company (NYSE: GE)
Clbad period: December 27, 2017 – October 29, 2018
Deadline for the principal applicant: April 2, 2019
Join the action: https://www.zlk.com/pslra-1/general-electric-company-loss-form?wire=3
About the lawsuit: General Electric Company allegedly made false and / or misleading statements during the clbad action period and / or failed to disclose: (i) the design and technology of gas turbines flagship of GE Power were structurally defective, oxidation problem causing the failure of the blades of clbad H gas turbines; (ii) GE Power's goodwill was overestimated, largely because of these structural issues; (iii) the company lacked adequate internal and financial controls; and (iv) from the foregoing, the defendant's public statements were materially false and / or misleading and / or unfounded.
To find out more about the General Electric Company clbad action [email protected].
You have until the deadline of the principal applicant to ask the court to appoint you as the principal applicant. Your ability to participate in any recovery does not require you to act as the principal applicant.
Levi & Korsinsky is a national law firm with offices in New York, California, Connecticut and Washington, DC His lawyers have extensive experience and experience in investor representation in securities litigation and have recovered hundreds of millions of dollars for the injured shareholders. Public Prosecutor. Previous results do not guarantee similar results.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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