Aug 11, 2017 | Securities Class Action Archive
Dentsply Sirona Inc. (NASDAQ: XRAY) – Securities Fraud Claims on Behalf of Dentsply Sirona Inc. Investors
Securities attorneys with Kehoe Law Firm, P.C. are investigating potential securities fraud class action claims on behalf of investors in Dentsply Sirona Inc. (“Dentsply”) stock concerning whether Dentsply and certain of its officers and/or directors may have issued materially misleading statements or engaged in other unlawful business practices in violation of federal or state securities laws.
Dentsply Reports 2Q 2017 Earnings Below Expectations & Discloses SEC Investigation
On August 9, 2017, in a quarterly report filed with the U.S. Securities and Exchange Commission (“SEC”), Dentsply reported second quarter 2017 earnings that fell below expectations and disclosed that the “SEC’s Division of Enforcement has asked the Company to provide documents and information concerning the Company’s accounting and disclosures, including its accounting and disclosures relating to transactions with a significant distributor of the Company.”
Dentsply also announced that it is unable to predict the ultimate outcome of this matter, or whether it will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.
XRAY 10-Q Filing Available by Clicking Here
On this news, Dentsply’s stock price fell sharply, $5.18 per share, or 8.44%, to close at $56.23 per share on August 9, 2017, on unusually heavy trading volume.
Have You Purchased or Acquired Dentsply Shares?
If you purchased or acquired Dentsply (NASDAQ: XRAY) common stock or other securities and would like to speak privately with a securities attorney to learn more about the investigation and your potential legal rights, please fill out the form to the right or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected]; Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected]; or send an e-mail to [email protected].
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, Kehoe Law Firm, P.C. represents plaintiffs seeking to recover investment losses resulting from securities fraud, breaches of fiduciary duty, corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, false claims, deception or data breaches. Together, the partners of Kehoe Law Firm, P.C. have spent more than 30 years prosecuting precedent-setting securities and financial fraud cases in federal and state courts on behalf of institutional and individual clients.
Aug 10, 2017 | Securities Class Action Archive
Dr. Reddy’s Securities Fraud Investigation on Behalf of Dr. Reddy’s Laboratories Ltd. Investors
Securities attorneys with Kehoe Law Firm, P.C. are investigating potential securities fraud class action claims on behalf of investors in Dr. Reddy’s Laboratories Ltd. (“Dr. Reddy’s” or “RDY”) (NYSE: RDY) American Depositary Shares (“ADRs”) concerning whether RDY and certain of its officers and/or directors may have issued materially misleading statements or engaged in other unlawful business practices in violation of federal or state securities laws.
Food and Drug Administration Issues Warning Letter in 2015
On November 6, 2015, Dr. Reddy’s announced that it had received a warning letter issued by the U.S. Food and Drug Administration concerning inadequate quality control standards at three of Dr. Reddy’s manufacturing plants in India. Following this news, RDY’s share price fell $11.75 per share, or more than 18%, to close at $53.50 on November 6, 2015.
German Regulator Denies a “Good Manufacturing Practices” Nod to Dr. Reddy
On August 10, 2017, Dr. Reddy’s disclosed that:
“betapharm Arzneimittel GmbH, Germany (our wholly-owned subsidiary) received a communication from the Regulatory Authority of Germany (Regierung von Oberbayern) last night, that the GMP compliance certificate in respect of the Company’s Formulations Manufacturing Unit 2 plant in Bachupally, Hyderabad is not renewed consequent to the recent inspection of the plant. Pending revocation of the non-compliance notification, the plant will not be able to make any further despatch to the European Union until the next inspection, to be initiated by an invitation from betapharm.”
On this news, Dr. Reddy’s American Depositary Shares fell sharply during intraday trading on August 10, 2017, dropping as much as $2.03 per share, or over 6%, damaging investors.
Have You Purchased or Acquired Dr. Reddy Stock?
If you purchased or acquired RDY common stock or other securities and would like to speak privately with a securities attorney to learn more about the investigation and your potential legal rights, please fill out the form to the right or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected]; Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected]; or send an e-mail to [email protected].
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, Kehoe Law Firm, P.C. represents plaintiffs seeking to recover investment losses resulting from securities fraud, breaches of fiduciary duty, corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, false claims, deception or data breaches. Together, the partners of Kehoe Law Firm, P.C. have spent more than 30 years prosecuting precedent-setting securities and financial fraud cases in federal and state courts on behalf of institutional and individual clients.
Aug 10, 2017 | Securities Class Action Archive
Maiden Holdings, Ltd. (NASDAQ GS: MHLD) Securities Investigation on Behalf of Maiden Holdings, Ltd. Investors
Kehoe Law Firm, P.C. securities attorneys are investigating potential securities fraud class action lawsuit claims on behalf of investors in Maiden Holdings, Ltd. (NASDAQ GS: MHLD) common stock or other securities in connection with whether MHLD issued materially misleading information to the investing public.
Maiden Holdings, Ltd. Announces $39.7 Million Net Adverse Development for the Six Months Ended June 30, 2017
On May 10, 2017, MHLD disclosed a net adverse development for its AmTrust Reinsurance segment of $10.3 million, which it attributed to conservative methodology, downplaying any concerns. On August 9, 2017, MHLD disclosed another net adverse development of $29.5 million. For the AmTrust Reinsurance segment, MHLD reported a net adverse development of $29,426 and $39,745 for the three and six months ended June 30, 2017, respectively, reportedly coming largely from non-program casualty, where elevated loss activity had been observed.
On this news, Maiden’s share price fell $2.83, or 12.78%, to close at $7.73 on August 9, 2017.
Have You Purchased or Acquired Maiden Holdings, Ltd. Shares?
If you purchased or acquired MHLD common stock or other securities and would like to speak privately with a securities attorney to learn more about the investigation and your potential legal rights, please fill out the form to the right or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected]; Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected]; or send an e-mail to [email protected].
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, Kehoe Law Firm, P.C. represents plaintiffs seeking to recover investment losses resulting from securities fraud, breaches of fiduciary duty, corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, false claims, deception or data breaches. Together, the partners of Kehoe Law Firm, P.C. have spent more than 30 years prosecuting precedent-setting securities and financial fraud cases in federal and state courts on behalf of institutional and individual clients.
Aug 10, 2017 | Securities Class Action Archive
American Public Education, Inc. (NASDAQ GS: APEI) – Securities Fraud Investigation
Kehoe Law Firm, P.C. securities attorneys are investigating potential securities fraud class action lawsuit claims on behalf of purchasers of American Public Education, Inc. (“APEI”) (NASDAQ GS: APEI) common stock or other American Public Education securities in connection with a Civil Investigative Demand that the Attorney General of the Commonwealth of Massachusetts served on the Company.
Attorney General of the Commonwealth of Massachusetts Serves a Civil Investigative Demand
On August 3, 2017, APEI received from the Attorney General of the Commonwealth of Massachusetts a Civil Investigative Demand, or CID, dated July 31, 2017, relating to an investigation of alleged unfair or deceptive acts or practices by American Military University (“AMU”) in connection with the recruitment and retention of students and the financing of education. AMU is operated by APEI’s wholly-owned operating subsidiary, American Public University System, Inc.
According to APEI, the “CID requires the production of documents and information relating to recruitment, enrollment, job placement and other matters . . . [and APEI] cannot predict what affect, if any, the investigative demand will have on its financial position or results of operations.” On this news, American Public Education’s share price fell $2.70, or 12.47%, to close at $18.95 on August 9, 2017.
Have You Purchased or Acquired American Public Education Shares?
If you purchased or acquired APEI common stock or other securities and would like to speak privately with a securities attorney to learn more about the investigation and your potential legal rights, please fill out the form to the right or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected]; Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected]; or send an e-mail to [email protected].
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, Kehoe Law Firm, P.C. represents plaintiffs seeking to recover investment losses resulting from securities fraud, breaches of fiduciary duty, corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, false claims, deception or data breaches. Together, the partners of Kehoe Law Firm, P.C. have spent more than 30 years prosecuting precedent-setting securities and financial fraud cases in federal and state courts on behalf of institutional and individual clients.
Aug 8, 2017 | Consumer Protection, Employment & Technology Archive
Viacom & Others – Alleged Violation of Privacy Protection Laws
On August 7, 2017, a class action lawsuit was filed in California federal court against Viacom Inc., Viacom International Inc., Upsight, Inc., and Unity Technologies SF
. . . by and on behalf parents of children[] who, while playing online games via smart phone apps, have had their personally identifying information exfiltrated by Viacom Inc. and its partners, for future commercial exploitation, in direct violation of the federal Children’s Online Privacy Protection Act (COPPA), 15 U.S.C. §§ 6501–6506. Plaintiffs bring claims under state laws to obtain an injunction to cease these practices, sequester illegally obtained information, and damages.
Viacom & Mobile Gaming Apps – Personal Identifying Information of Children Obtained Without Consent
The plaintiffs in the lawsuit allege that the defendants violated privacy protection laws by exporting the personally identifying information of children without parental consent required under federal and state law from, according to the class action complaint, Viacom’s “. . . child-focused gaming app Llama Spit Spit and numerous other games for children on mobile platforms. These apps are often operated by Nickelodeon, a business unit of Viacom Media Networks.”
Viacom Gaming Apps & “Software Development Kits”
The class action complaint alleges that the named software development entity defendants provided their own proprietary computer code, referred to as “software development kits,” to Viacom “for installation and use in Viacom’s gaming apps, including Llama Spit Spit.”
According to the complaint, “[e]ach of the [software development kit] [d]efendants . . . embedded their respective [software development kits] in Viacom’s gaming apps, causing the transmittal of app users’ personally identifying information to the [software development kit] [d]efendants to facilitate subsequent behavioral advertising.”
Llama Spit Spit & Other Gaming Apps Track Their Users
According to the class action complaint:
In addition to Llama Spit Spit, Viacom has developed and marketed other gaming apps which, like Llama Spit Spit, track their users, including: Ballarina – a GAME SHAKERS App, PAW Patrol Pups to the Rescue, Teenage Mutant Ninja Turtles: Portal Power, Teenage Mutant Ninja Turtles: Brothers Unite, PAW Patrol Rescue Run, Bubble Guppies: A Grumpfish Tale, PAW Patrol Air and Sea Adventures, SpongeBob Bubble Party, Dora Appisode: Perrito’s Big Surprise, Dora Appisode: Check-Up Day!, Dora Appisode: Catch That Shape Train . . .. Viacom offers the Games Tracking Apps for download from Apple’s App Store, Google Play Store, and/or Amazon.
Viacom Collects & Maintains Personal Information
The complaint further alleges that
Viacom collects and maintains personal information about the users of the Game Tracking Apps, including users under the age of 13, and permits the [software development kit] [d]efendants to embed their advertising [software development kits] to collect those users’ personal information and use that information to track those users over time and across different websites and online services.
. . .
Each [software development kit] [d]efendant has a[] [software development kit] placed in Llama Spit Spit which collects persistent identifiers to track children app users over time and across the internet. In addition to Llama Spit Spit, the other Game Tracking Apps contain [software development kits] that surreptitiously track child users for behavioral advertising, analytics, or both. Llama Spit Spit and the other Game Tracking Apps contain multiple [software development kits], each operating independently from and in concert with one another.
Do You Suspect Child Privacy Violations Associated With Viacom Mobile Gaming Apps?
If your child uses a Viacom mobile gaming app, such as Llama Spit Spit, Ballarina – a GAME SHAKERS App, PAW Patrol Pups to the Rescue, Teenage Mutant Ninja Turtles: Portal Power, Teenage Mutant Ninja Turtles: Brothers Unite, PAW Patrol Rescue Run, Bubble Guppies: A Grumpfish Tale, PAW Patrol Air and Sea Adventures, SpongeBob Bubble Party, Dora Appisode: Perrito’s Big Surprise, Dora Appisode: Check-Up Day!, and Dora Appisode: Catch That Shape Train, and you suspect your child’s personal information may have been improperly or illegally acquired or used, please complete the form to the right or contact either John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected]; Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected]; or send an e-mail to [email protected].
The Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, Kehoe Law Firm, P.C. represents plaintiffs seeking to recover investment losses resulting from securities fraud, breaches of fiduciary duty, corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, negligence, false claims, deception, data breaches or whose rights to minimum wage and overtime compensation under the federal Fair Labor Standards Act and state wage and hour laws have been violated.
