Aug 17, 2021 | Securities Class Action Archive
Securities Class Action Investigation On Behalf Of View Inc. Investors – View, Inc. Investors With Significant Losses Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is conducting a securities class action investigation to determine whether View, Inc. (“View” or the “Company”) (NASDAQ: VIEW) violated federal securities laws.
View announced in a press release, dated August 16, 2021, that “it will postpone the release of its financial results for the second quarter of 2021.” View stated that “[t]he Audit Committee of View’s Board of Directors recently began an independent investigation concerning the adequacy of the company’s previously disclosed warranty accrual.”
In an August 16, 2021 10-Q SEC filing, View stated that “[t]he Company cannot predict the duration of the investigation, eventual scope, its outcome, or its impact on the Company’s financial results or the Company’s assessment of its internal control over financial reporting for prior periods. As a result, the Company has not finalized its financial statements or its assessment of the effectiveness of its disclosure controls and procedures and internal control over financial reporting for the three and six months ended June 30, 2021. The Company expects that it will finalize its financial statements and file the related Second Quarter 10-Q as soon as practicable after the conclusion of the investigation.”
On this news, shares of View dropped significantly, closing down almost 25%, thereby injuring investors.
INVESTORS WHO PURCHASED VIEW SECURITIES AND SUFFERED FINANCIAL LOSSES ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, CLIENT RELATIONS, (215) 792-6676, EXT. 802, [email protected], [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Aug 16, 2021 | Securities Class Action Archive
Investors Who Purchased, Or Otherwise Acquired, The Securities Of Live Ventures Between December 28, 2016 And August 3, 2021, Both Dates Inclusive, And Suffered Losses Greater Than $25,000 Encouraged To Contact Kehoe Law Firm, P.C.
On August 13, 2021, a class action lawsuit was filed against Live Ventures Incorporated (“Live Ventures,” “Live,” or the “Company) in United States District Court, District of Nevada, on behalf of investors who purchased, or otherwise acquired, the securities of Live Ventures between December 28, 2016 and August 3, 2021, both dates inclusive (the “Class Period”) and suffered losses.
Throughout the Class Period, according to the class action complaint, the Live Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.
According to the complaint, the Live Defendants failed to disclose to investors that (1) Live’s earnings per share for FY 2016 was actually only $6.33 per share; (2) the Company used an artificially low share count to boost the earnings per share by 40%; (3) Live had overstated pre-tax income for fiscal 2016 by 20% by including $915,500 of “other income” related to certain amendments that were not negotiated until after the close of the fiscal year; (4) Live’s acquisition of ApplianceSmart did not close during first quarter 2017; (5) using December 30, 2017 as the “acquisition date” and recognizing income therefrom did not conform to generally accepted accounting principles; (6) by falsely stating that the acquisition closed during the quarter, Live recognized bargain purchase gain, which enabled the Company to report positive net income in what would otherwise have been an unprofitable quarter; (7) between fiscal 2016 and fiscal 2018, Live’s CEO received approximately 94% more in compensation than was disclosed to investors; and (8) as a result of the foregoing, the Live Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
INVESTORS WHO PURCHASED LIVE SECURITIES DURING THE CLASS PERIOD AND SUFFERED FINANCIAL LOSSES GREATER THAN $25,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Aug 12, 2021 | Car Problems Car Complaints
Owners or Lessees Of Model Year 2017-2019 GM Yukon, Yukon XL, Yukon Denali, And Yukon Denali XL Vehicles Encouraged To Contact Kehoe Law Firm, P.C.
Investigation Concerning An Alleged Vehicle Tail Lamp And Tail Lamp Assembly Safety Defect, Resulting In The Failure Of Brake Lights To Illuminate And An Increased Risk Of Rear-End Collision
Kehoe Law Firm, P.C. is investigating claims on behalf of owners and lessees of General Motors Yukon, Yukon XL, Yukon Denali, and Yukon Denali XL vehicles (the “Class Vehicles”).
Kehoe Law Firm, P.C.’s investigation concerns an alleged vehicle tail lamp and tail lamp assembly safety defect resulting in the failure of brake lights to illuminate and an increased risk of rear-end collision.
Owners Or Lessees of General Motors Yukon, Yukon XL, Yukon Denali, And Yukon Denali XL Model Year 2017-2019 Vehicles Who Wish To Discuss Kehoe Law Firm’s Class Action Investigation Or Potential Legal Claims Are Encouraged To Contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected].
Aug 11, 2021 | Securities Class Action Archive
Investigation To Determine Whether Unregistered Securities Were Sold To Investors Of DFINITY’S ICP Tokens – Investors Who Purchased DFINITY’S ICP Tokens From May 10, 2021 Through The Present And Suffered Losses Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is making investors aware that on August 9, 2021, a class action complaint was filed against DFINITY USA Research LLC, DFINITY Foundation, and Dominic Williams (collectively, “Dfinity” or “Defendants”) in United States District Court, Northern District of California.
According to the class action complaint:
Within the Class Period, from May 10, 2021[] through the present, Defendants have promoted, offered, and sold throughout the United States unregistered securities called ‘ICP tokens,’ and have engaged in insider trading of such securities, in violation of federal law.[] Defendants did not register ICP as a security with the Securities Exchange Commission (‘SEC’); did not qualify for an exemption from the registration requirements; materially defrauded investors in connection with the promotion, offering, and sale of ICP; and have transacted in ICP in the Class Period while in possession of material, non-public information.
On behalf of investors who have purchased ICP in the United States, and who have done so contemporaneously with Defendants’ insider trading, Plaintiff brings suit to recover from Defendants the consideration paid for the ICP tokens, together with interest thereon; and to recover from Defendants their profits resulting from Defendants’ fraudulent conduct and insider trading. Dfinity was required to file registration statements with the SEC for its sale of ICP, but failed to do so. By selling and promoting these unregistered security tokens to investors, and by transacting in them while in possession of material, non-public information, Defendants have reaped billions of dollars in profits. [Emphasis added.]
Additionally, the complaint alleges that “Defendants kept for themselves and sold into the market billions of dollars’ worth of ICP tokens. After insiders began to sell massive quantities of these ICP tokens, and while Plaintiff and the other Class members were transacting in ICP tokens, the price of ICP tokens fell from a high of over $730 after issuance to around $60 today. Even by the volatile standards of the cryptocurrency market, this constituted an astonishing collapse in value.” [Emphasis added.]
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, DFINITY’S ICP TOKENS FROM MAY 10, 2021 THROUGH THE PRESENT AND SUFFERED FINANCIAL LOSSES ARE ENCOURAGED TO CONTACT KEHOE LAW FIRM, P.C., MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Aug 4, 2021 | Securities Class Action Archive
Have You Lost Money Investing In Zymergen? Kehoe Law Firm, P.C. Securities Investigation On Behalf Of ZY Investors
Kehoe Law Firm, P.C. is investigating whether Zymergen Inc. (“Zymergen” or the “Company”) (NASDAQ: ZY) violated federal securities laws.
Zymergen investors who have suffered financial losses greater than $50,000 are encouraged to contact Kehoe Law Firm, P.C. to learn more about the securities investigation or potential legal claims.
On August 3, 2021, CNBC.com reported that Zymergen “. . . has yet to start generating product sales and said it now expects revenue from its products to be ‘immaterial’ through 2022.” Stock of the Company, which went public in April 2021, dropped almost 70% on Tuesday, thereby injuring investors.
ZYMERGEN SHAREHOLDERS WITH FINANCIAL LOSSES GREATER THAN $50,000 WHO WISH TO DISCUSS KEHOE LAW FIRM’S CLASS ACTION INVESTIGATION OR HAVE QUESTIONS ABOUT THEIR POTENTIAL LEGAL RIGHTS ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected].
