Jul 10, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating claims on behalf of investors of Kingold Jewelry, Inc. (“Kingold” or the “Company”) (NASDAQ: KGJI) to determine whether Kingold engaged in securities fraud or other unlawful business practices.
Investors who purchased, or otherwise acquired, Kingold securities between March 15, 2018 and June 28, 2020 (the “Class Period”) and suffered losses are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire or contact Kevin Cauley, Director, Business Development, (215) 792-6676, Ext. 802, [email protected], [email protected], to discuss the investigation or potential legal claims.
According to a class action lawsuit filed on behalf of Kingold investors, defendants throughout the Class Period, allegedly, made false and/or misleading statements and/or failed to disclose that: (1) Kingold used fake gold as collateral to fraudulently secure loans; (2) consequently, the Company would face creditor lawsuits and be delisted from the Shanghai Gold Exchange; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Jul 10, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating claims on behalf of investors of Wins Finance Holdings Inc. (“Wins Finance” or the “Company”) (NASDAQ: WINS) to determine whether Wins Finance engaged in securities fraud or other unlawful business practices.
On July 6, 2020, Wins Finance reported that “[o]n June 30, 2020, Wins Finance Holdings Inc. . . . received a letter from Centurion ZD CPA & Co. (“CZD”) pursuant to which CZD resigned as the Company’s independent registered public accounting firm.”
On this news, the stock price of Wins Finance dropped approximately 6.1%, closing at $31.70 on July 7, 2020.
Investors who purchased, or otherwise acquired, Wins Finance securities and suffered losses greater than $25,000 are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire or contact Kevin Cauley, Director, Business Development, (215) 792-6676, Ext. 802, [email protected], [email protected], to discuss the investigation or potential legal claims.
Jul 8, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of The GEO Group, Inc. (“GEO Group” or the “Company”) (NYSE: GEO) to determine whether GEO Group may have violated federal securities laws.
Investors who purchased, or otherwise acquired, securities of GEO Group between February 27, 2020 and June 16, 2020, both dates inclusive (the “Class Period”), and suffered losses greater than $50,000 are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire or contact Kevin Cauley, Director, Business Development, (215) 792-6676, Ext. 802, [email protected], [email protected], to discuss the investigation or potential legal claims.
According to a class action lawsuit filed on July 7, 2020 in United States District Court on behalf of GEO Group investors, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Defendants, allegedly, made false and/or misleading statements and/or failed to disclose that: (i) GEO Group maintained woefully ineffective COVID-19 response procedures; (ii) those inadequate procedures subjected residents of the Company’s halfway houses to significant health risks; (iii) accordingly, the Company was vulnerable to significant financial and/or reputational harm; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Jul 7, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Elanco Animal Health Incorporated (“Elanco” or the “Company”) (NYSE: ELAN) to determine whether Elanco may have violated federal securities laws.
Investors who purchased, or otherwise acquired, securities of Elanco between January 10, 2020 and May 6, 2020, both dates inclusive (the “Class Period”), and suffered losses greater than $100,000 are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire or contact Kevin Cauley, Director, Business Development, (215) 792-6676, Ext. 802, [email protected], to discuss the investigation or potential legal claims.
According to a class action lawsuit filed on behalf of Elanco investors, defendants, allegedly, made materially false and/or misleading statements and/or failed to disclose that: (1) after consolidating its distributors from eight to four, Elanco increased the amount of inventory, including companion animal products, held by each distributor; (2) Elanco’s distributors were not experiencing sufficient demand to sell through the inventory; (3) Elanco’s revenue was reasonably likely to decline; (4) as a result of the foregoing, Elanco would reduce its channel inventory with respect to companion animal products; and (5) as a result of the foregoing, defendants’ positive statements about Elanco’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you wish to serve as lead plaintiff, you must move the Court no later than July 20, 2020. To be a member of the class action, you do not need to take any action at this time; you may retain counsel of your choice; or you can take no action and remain an absent member of the class action. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel, unless you retain an attorney. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Jul 6, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Ryder System, Inc. (“Ryder System” or the “Company”) (NYSE: R) to determine whether Ryder System may have violated federal securities laws.
Investors who purchased, or otherwise acquired, securities of Ryder System between July 23, 2015 and February 13, 2020, both dates inclusive (the “Class Period”), and suffered losses greater than $100,000 are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire or contact Kevin Cauley, Director, Business Development, (215) 792-6676, Ext. 802, [email protected], to discuss the investigation or potential legal claims.
According to a class action lawsuit filed on behalf of Ryder System investors, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that the Company’s financial results were inflated as a result of the Company’s practice of overstating the residual values of the vehicles in its fleet, because there was no reasonable basis to believe that Ryder System would sell its used vehicles for the amounts that it had assigned to them; and as a result, the Company’s residual values for its fleet of vehicles exceeded the expected future values that would be realized upon the sale of those vehicles by such a degree that Ryder System ultimately took a $357 million depreciation charge in 2019 related to the Company’s reduction of its residual values to align them with the amounts for which they could realistically be sold.
If you wish to serve as lead plaintiff, you must move the Court no later than July 20, 2020. To be a member of the class action, you do not need to take any action at this time; you may retain counsel of your choice; or you can take no action and remain an absent member of the class action. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel, unless you retain an attorney. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
