Feb 22, 2022 | Shareholder Investigations
Have You Held Exela Stock Since September 2017? Exela Technologies Investors May Have Legal Claims Against The Company’s Officers and Directors.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Exela Technologies, Inc. (“Exela”) (NASDAQCM: XELA) breached their fiduciary duties to Exela and its shareholders.
In a March 17, 2020 “Notification of Late Filing,” Exela disclosed that it was unable to file its Form 10-K for the year-ended December 31, 2019 on time and would need to restate certain of its financial statements.
In a Form 8-K, dated March 17, 2020, Exela disclosed that Exela would need to restate its financial statements for 2017, 2018, and interim periods through September 30, 2019, as a result of a material weakness in its internal control over financial reporting.
Subsequently, in a May 21, 2020 SEC filing, Exela announced the resignation of its CFO.
Investors Who Have Held Exela Stock Shares Since September 2017 May Have Legal Claims
If you have held Exela stock since September 2017, please contact Kehoe Law Firm, P.C., John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], [email protected], for a free, confidential consultation and no-obligation evaluation of potential legal claims.
Feb 20, 2022 | Shareholder Investigations
Have You Held Peloton Stock Since At Least October 2020? Peloton Interactive, Inc. Investors May Have Legal Claims Against The Company’s Officers and Directors.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Peloton Interactive, Inc. (“Peloton”) (NASDAQ: PTON) breached their fiduciary duties to Peloton and its shareholders.
The investigation concerns whether members of Peloton’s board of directors or senior management failed to manage Peloton in an acceptable manner, in breach of their fiduciary duties to Peloton, and whether Peloton and its shareholders have suffered damages as a result.
As recently reported by various news outlets and confirmed by filings with the Securities and Exchange Commission, Peloton’s founders, directors, and officers collectively sold nearly $500 million in stock before disclosing recent production stoppages, sales declines, and employee layoffs, which have caused dramatic declines in Peloton’s stock price.
Peloton Investors Who Have Held PTON Stock Shares Since At Least October 2020
If you are a Peloton shareholder who has held Peloton stock since at least October 2020, please contact Kehoe Law Firm, P.C., Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, confidential consultation and no-obligation evaluation of potential legal claims.
Feb 20, 2022 | Shareholder Investigations
Have you held Roblox Stock Since March 2021? Roblox Corporation Investors May Have Legal Claims Against The Company’s Officers and Directors.
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Roblox Corporation (“Roblox”) (NYSE: RBLX) breached their fiduciary duties to Roblox and its shareholders.
The investigation concerns whether members of Roblox’s board of directors or senior management failed to manage Roblox in an acceptable manner, in breach of their fiduciary duties to Roblox, and whether Roblox and its shareholders suffered damages as a result.
On February 3, 2022, The Bear Cave published a report alleging that Roblox’s online platform intended for children aged six to fourteen is “also the leading platform for pedophiles.” The report detailed various arrests and indictments of sexual offenses against underage victims as young as five years old, while “[t]he company has engaged in litigation and intimidation to help conceal allegations of pedophilia on the platform.”
Further, Roblox’s head of safety and moderation has been accused of “peculiar” social media activity, including numerous “likes” of sexualized cosplayers and the following of a “furry porn” account, and Roblox’s former social media manager allegedly ran a pornographic blog while employed by Roblox.
Roblox Investors Who Have Held RBLX Stock Shares Since March 2021
If you are a Roblox shareholder who has held Roblox stock since March 2021, please contact Kehoe Law Firm, P.C., Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], for a free, confidential consultation and no-obligation evaluation of potential legal claims.
Feb 17, 2022 | Blog, Consumer Protection
Product Recall & Safety Information For Consumers To Ensure They Are Aware Of Dangerous Or Potentially Unsafe, Hazardous Or Defective Products
To see if a product is unsafe before you buy it, please click: Unsafe Products Report Search.
To search for the latest recall information, to report a dangerous product or to learn about important safety tips, please click: Online Resource for Recalls.
FDA Orders Philips Respironics to Notify Patients Regarding the Recall of Certain Breathing Assistance Machines – The FDA has determined that this order is necessary to eliminate the unreasonable risk of harm posed by the recalled products, because the company’s notification efforts to date have been inadequate. For more information, please CLICK HERE.
Fitbit Recalls Ionic Smartwatches; One Million Sold in the U.S. Hazard: The lithium-ion battery in the Ionic smartwatch can overheat, posing a burn hazard. For more information, please click Recall 22-089.
Lovevery Recalls Drinking Cup With Handle in The Inspector Play Kits Due to Choking Hazard – Hazard: The handle can detach from the steel cup, posing a choking hazard to young children. For more information, please click Recall 22-730.
Yamaha Recalls Golf Cars and Personal Transportation Vehicles Due to Risk of Injury or Death – Hazard: The recalled vehicles can have brake failure, posing a crash hazard that could result in injury or death to the user or bystander. For more information, please click Recall 22-726.
Zeno Recalls Infant Walkers Due to Fall and Entrapment Hazards – Hazard: The infant walkers fail to meet the federal safety standard. They can fit through a standard doorway and are not designed to stop at the edge of a step as required by the federal safety standard. The walkers also have leg openings that allow the child to slip down until the child’s head can become entrapped at the neck. Babies using these walkers can be seriously injured or killed. For more information, please click Recall 22-724.
BrushX Hot Air Brushes Recalled Due to Electrocution or Shock Hazard – Hazard: The recalled hot air brushes do not have an immersion protection device, posing an electrocution or shock hazard to the user if it falls into water when plugged in. For more information, please click: Recall 22-725.
Valco Baby Recalls Snap Duo Trend Strollers Due to Fall Hazard – Hazard: The stroller’s front wheels can break off while in use, causing the strollers to fall unexpectedly, posing a fall hazard to children in the stroller. For more information, please click: Recall 22-083.
Viking Range Recalls Freestanding Gas Ranges Due to Risk of Gas Leak and Fire Hazard – Hazard: The rigid gas tubing can separate at the joint to the bake, broil and griddle burners, posing a risk of a gas leak and fire hazard when these burners are in operation. For more information, please click Recall 22-082.
Voluntary Nationwide Recall of Sure and Brut Aerosol Sprays Due to the Presence of Benzene – Hazard: Benzene is classified as a human carcinogen. Exposure to benzene can occur by inhalation, orally, and through the skin and it can result in cancers including leukemia and blood cancer of the bone marrow and blood disorders which can be life-threatening. Benzene is prevalent in the environment. Humans around the world have daily exposures to it indoors and outdoors from multiple sources. To date, no reports of adverse events related to this recall have been reported. This voluntary recall is being conducted out of an abundance of caution. For more information, please click: Sure, Brut.
Individuals Harmed By Defective Or Misleading Consumer Products And/Or Product Recalls
If you have been the victim of a defective or misleading consumer product and/or product recall, please contact Kehoe Law Firm, P.C., [email protected], for a free, confidential consultation and no-obligation evaluation of potential legal claims.
Feb 16, 2022 | Shareholder Investigations
LM Ericsson Telephone Co (Telefonaktiebolaget LM Ericsson) – Investors of Ericsson (NASDAQ: ERIC) Who Have Suffered Financial Losses Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether Telefonaktiebolaget LM Ericsson (“Ericsson”) (NASDAQ: ERIC) violated federal securities laws.
On February 16, 2022, The Telegraph reported that “Ericsson has admitted that it may have bribed the terrorist group Islamic State in return for being allowed to use roads through Iraq.”
On this news, shares of Ericsson were down more than 14% in pre-market trading on February 16, 2022.
Ericsson Provides Update on Deferred Prosecution Agreement
On March 2, 2022, Ericsson reported that “[o]n December 6, 2019, Ericsson entered into a Deferred Prosecution Agreement (DPA) with the United States Department of Justice (DOJ). On March 1, 2022, the DOJ informed Ericsson that the disclosure made by the company prior to the DPA about its internal investigation into conduct in Iraq in the period 2011 until 2019 was insufficient. Furthermore, it determined that the company breached the DPA by failing to make subsequent disclosure related to the investigation post-DPA. The company is in communication with the DOJ regarding the facts and circumstances of the breach determination and is committed to co-operating with the DOJ to resolve the matter.” (Emphasis added.)
ERICSSON INVESTORS WHO HAVE SUFFERED FINANCIAL LOSSES ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S “SECURITIES CLASS ACTION QUESTIONNAIRE.“
