Jul 29, 2021 | Securities Class Action Archive
Class Action Securities Investigation On Behalf Of CorMedix Inc. Investors Who Acquired The Securities Of CorMedix Inc. Between July 8, 2020 And May 13, 2021, Both Dates Inclusive (the “Class Period”) – Investors With Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is making investors of CorMedix Inc. (“CorMedix” or the “Company”) (NASDAQ: CRMD) aware that a class action lawsuit was filed on behalf of a class consisting of all persons and entities, other than the CorMedix Defendants, who purchased, or otherwise acquired, the Company’s securities during the Class Period and suffered losses.
According to the class action complaint, throughout the Class Period, the CorMedix Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies.
Specifically, the CorMedix Defendants, allegedly, made false and/or misleading statements and/or failed to disclose that (i) deficiencies existed with respect to DefenCath’s manufacturing process and/or at the facility responsible for manufacturing DefenCath; (ii) in light of the foregoing deficiencies, the FDA was unlikely to approve the DefenCath New Drug Application (“NDA”) for catheter-related bloodstream infections (“CRBSIs”) in its present form; (iii) the CorMedix Defendants had downplayed the true scope of the deficiencies with DefenCath’s manufacturing process and/or at the facility responsible for manufacturing DefenCath; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE CORMEDIX SECURITIES BETWEEN JULY 8, 2020 AND MAY 13, 2021, BOTH DATES INCLUSIVE, AND SUFFERED LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT MICHAEL YARNOFF, ESQ., [email protected], (215) 792-6676, Ext. 804, [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Jul 29, 2021 | Securities Class Action Archive
DiDi Global Inc. Investors With Losses Greater Than $100,000 Encouraged To Contact Kehoe Law Firm, P.C. – Class Action Filed On Behalf of DiDi Global Investors
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of DiDi Global Inc. (“DiDi” or the “Company”) (NYSE: DIDI) to determine whether DiDi engaged in securities fraud or other unlawful business practices.
A class action lawsuit has been filed in United States District Court, Central District of California, on behalf of DiDi investors who purchased, or otherwise acquired, the securities of DiDi pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with DiDi’s June 30, 2021 initial public offering (“IPO” or “Offering”); and/or (2) between June 30, 2021 and July 21, 2021, inclusive (the “Class Period”).
According to the class action complaint, the DiDi Defendants made materially false and/or misleading statements, because they misrepresented and failed to disclose adverse facts pertaining to the Company’s business, operations and prospects, which were known to Defendants, or recklessly disregarded by them.
Specifically, according to the complaint, the Registration Statement was false and/or misleading and/or failed to disclose that (1) the Cyberspace Administration of China (“CAC”) urged Defendant DiDi to delay its IPO; (2) Defendant DiDi “had the problem of collecting personal information in violation of relevant PRC laws and regulations”; (3) Defendant DiDi could not guarantee data security; (4) due to the foregoing, Defendant DiDi would face “serious, perhaps unprecedented, penalties” from relevant authorities; (5) DiDi and its many apps would face an imminent cybersecurity review by the CAC, which could lead to removal of DiDi’s apps from app stores; and (6) as a result, the DiDi Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, DIDI SECURITIES IN CONNECTION WITH THE COMPANY’S IPO AND/OR DURING THE CLASS PERIOD AND SUFFERED LOSSES GREATER THAN $100,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT MICHAEL YARNOFF, ESQ., [email protected], [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
