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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.
Arlo Technologies, Inc. (NYSE: ARLO)
Clbad period: 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
Deadline for the principal applicant: March 25, 2019
Join the action: https://www.zlk.com/pslra-1/arlo-technologies-inc-loss-form?wire=3
The complaint filed alleges that the registration statement contained false and / or misleading statements and / or failed to disclose that: (i) there was a defect or quality issue with the new battery designed by Arlo for its Ultra camera; (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.
To find out more about the Arlo Technologies, Inc. clbad action [email protected].
DXC Technology Company (NYSE: DXC)
Clbad period: February 8, 2018 – November 6, 2018
Deadline for the principal applicant: February 25, 2019
Join the action: https://www.zlk.com/pslra-1/dxc-technology-company-loss-form?wire=3
Regarding the lawsuit: Throughout the recourse period, DXC Technology Company allegedly made false and / or misleading statements and / or failed to disclose the following: (a) the company had changed or contemplated changing the business its sales teams, deploying teams as opposed to specialized teams that were better able to provide specialized services to its customers; (b) the company's workforce optimization strategy of significantly reducing staff while reducing costs has resulted in a shortage of sales staff capable of providing on-demand services, which may result in loss of business opportunities; sales and income; (c) in light of the foregoing, the Company's expectations regarding revenue and financial performance for the 2019 financial year and its rebadertion of guidance during the Clbad Period were without reasonable foundation.
To find out more about the DXC Technology Company clbad action [email protected].
Wirecard AG (OTCMKTS: WRCDF, WCAGY)
Clbad period: April 7, 2016 – February 1, 2019
Deadline for the principal applicant: April 9, 2019
Join the action: https://www.zlk.com/pslra-1/wirecard-ag-loss-form?wire=3
About the lawsuit: During the course of the proceedings, Wirecard AG allegedly made substantially false and / or misleading statements and / or failed to disclose that: (1) for the period from 2015 to 2018, a Wirecard executive at Singapore had been accused of counterfeiting and backdating contracts, including falsification of accounts and money laundering; (2) an external law firm investigating the Wirecard office in Singapore apparently found evidence of "serious infringements of counterfeiting and / or falsification of accounts"; (3) Wirecard had downplayed the weaknesses of its internal controls over financial reporting and did not disclose the actual extent of these weaknesses; and (4) as a result, the defendants' statements regarding Wirecard's activities, operations and prospects were materially false and misleading and / or lacked a reasonable basis at all material times.
To find out more about the Wirecard AG 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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