Jun 17, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Enphase Energy, Inc. (“Enphase Energy” or the “Company”) (NASDAQ: ENPH) to determine whether Enphase Energy engaged in securities fraud or other unlawful business practices.
Investors who purchased, or otherwise acquired, Enphase Energy securities between February 26, 2019 and June 17, 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], [email protected], to discuss the investigation or potential legal claims.
According to a class action lawsuit filed on behalf of Enphase Energy investors, Enphase Energy, allegedly, misrepresented and/or failed to disclose to investors that: (1) its U.S. and international revenues were inflated; (2) the Company engaged in improper deferred revenue accounting practices; (3) Enphase Energy’s reported base points expansion in gross margins were overstated; and (4) as a result of the foregoing, defendants’ public statements were materially false and misleading at all relevant times.
On June 17, 2020, Prescience Point Capital Management issued a press release regarding its “negative research report” concerning Enphase Energy, which, among other things, stated that “research suggests that at least 39%, or $205 million, of US revenue reported by the company is potentially fabricated, as is a significant portion of the company’s international revenue.” Prescience Point also stated that the Company “urge[s] the SEC, The Nasdaq Stock Market, Deloitte, Enphase’s Board of Directors, and other authorities to immediately open an investigation of ENPH’s accounting and disclosure practices.”
On this news, Enphase Energy’s stock price was down as much as 24.48% per share during intraday trading on June 17, 2020.
If you wish to serve as lead plaintiff, you must move the Court no later than August 17, 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.
Jun 16, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating securities claims on behalf of investors of Cabot Oil & Gas Corporation (“Cabot Oil” or the “Company”) (NYSE: COG) to determine whether Cabot Oil engaged in securities fraud or other unlawful business practices.
On June 15, 2020, “Attorney General Josh Shapiro announced . . . that the Pennsylvania Office of Attorney General is formally charging Cabot Oil and Gas, an unconventional gas, or ‘fracking,’ company, for environmental crimes that occurred in northeastern Pennsylvania. The charges come as part of a two-year Grand Jury investigation into environmental crimes committed by unconventional oil and gas companies across the Commonwealth.”
According to the Attorney General’s press release, “[t]he Pennsylvania Office of Attorney General, in conjunction with the 43rd Statewide Grand Jury, is charging Cabot with 7 counts of Prohibition Against Discharge of Industrial Wastes, 7 counts of Prohibition Against Other Pollutions and one count of Unlawful Conduct under the Clean Streams Law.” Further, according to the Attorney General, “[t]he Grand Jury’s investigation into the contamination of well water in Dimock, Susquehanna County, revealed that Cabot’s fracking activities were responsible for methane pollution in the local water supply. This contamination led to several Dimock residents suffering from the environmental hazards associated with repeated methane exposure, including Norma Fiorentino’s drinking water well exploding in January 2009.”
On this news, Cabot Oil’s stock price fell $0.67 per share, or 3.34%, closing at $19.40 per share on June 15, 2020.
Cabot Oil investors who purchased, or otherwise acquired, the Company’s common stock during and suffered losses greater than $100,000 are encouraged to complete Kehoe Law Firm’s Securities Questionnaire contact Kehoe Law Firm, P.C., Kevin Cauley, Director, Business Development, (215) 792-6676, Ext. 802, [email protected], [email protected], to discuss the securities investigation or potential legal claims.
Jun 15, 2020 | Consumer Protection, Employment & Technology Archive
Action Filed Against Rite Aid of New York and Rite Aid Corporation To Recover Overtime Compensation For Non-Exempt Hourly Positions
Kehoe Law Firm, P.C. is making employees aware that on June 12, 2020, a class action complaint was filed against Rite Aid of New York, Inc. and Rite Aid Corporation (collectively, “Rite Aid”) in United States District Court for the Southern District of New York to recover overtime compensation and other damages for non-exempt hourly positions (e.g., security guards, asset protection agents, cashiers, pharmacy technicians, stockers) who work or have worked for Rite Aid.
According to the class action complaint:
Defendants are liable under the FLSA [Fair Labor Standards Act] for, inter alia, failing to properly compensate Plaintiff and the FLSA Collective for their overtime hours worked.
Consistent with Defendants’ policies and patterns or practices, Plaintiff and the FLSA Collective were not paid the proper premium overtime compensation of 1.5 times their regular rates of pay, including earned bonus pay, for all hours worked beyond 40 per workweek.
The lawsuit also alleges claims on behalf of certain hourly workers who worked for Rite Aid in New York to remedy alleged violations of New York Labor Law.
Do You Believe Your Wage and Hour or Overtime Pay Rights Have Been Violated?
If you believe your wage and hour or overtime pay rights have been violated please either contact Kehoe Law Firm, P.C. Partner Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], complete the form on the right or send an e-mail to [email protected] for a free, no-obligation case evaluation of your facts to determine whether your wage and hour or overtime rights have been violated and whether there is a basis for a class action lawsuit.
Kehoe Law Firm, P.C. prosecutes wage and hour class actions on a contingent-fee basis; thus, plaintiffs and the class members do not pay out-of-pocket attorney’s fees or litigation costs. Subject to court approval, attorney’s fees and litigation costs are derived from the recovery obtained for the class.
Jun 15, 2020 | Consumer Protection, Employment & Technology Archive
Evidence of Unauthorized Access to Files With Personal Information
Kehoe Law Firm, P.C. is making consumers aware that MaxLinear, Inc. filed a data breach notification with the State of California Department of Justice, Office of the Attorney General, regarding “a security incident affecting some of [MaxLinear’s] systems.”
The breach notification stated, among other things, that MaxLinear’s “. . . investigation to-date has identified evidence of unauthorized access to [its] systems from approximately April 15, 2020 until May 24, 2020[,]” and the company’s “. . . investigation has also identified evidence of unauthorized access to files containing personal information . . ..”
MaxLinear stated in the notification that “[t]he information contained in these documents may include your name, personal and company email address and personal mailing address, employee ID number, driver’s license number, financial account number, Social Security number, date of birth, work location, compensation and benefit information, dependent, and date of employment.” [Emphasis added.]
Have You Been Impacted by A Data Breach?
If so, please either contact Kehoe Law Firm, P.C., Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], complete the form on the right or e-mail [email protected] for a free, no-obligation case evaluation of your facts to determine whether your privacy rights have been violated and whether there is a basis for a data privacy class action.
Examples of the type of relief sought by data privacy class actions, include, but are not limited to, reimbursement of identity theft losses and of out-of-pocket costs paid by data breach victims for protective measures such as credit monitoring services, credit reports, and credit freezes; compensation for time spent responding to the breach; imposition of credit monitoring services and identity theft insurance, paid for by the defendant company; and improvements to the defendant company’s data security systems.
Data privacy class actions are brought on a contingent-fee basis; thus, plaintiffs and the class members do not pay out-of-pocket attorney’s fees or litigation costs. Subject to court approval, attorney’s fees and litigation costs are derived from the recovery obtained for the class.
Jun 11, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. Investigating Potential Breaches Of Fiduciary Duties by Certain Officers And/Or Directors of Funko, Inc.
The Firm is investigating potential breaches of fiduciary duty claims involving certain officers and/or directors of Funko, Inc. (“Funko” or the “Company”) (NASDAQ: FNKO).
The investigation concerns whether certain officers and/or directors of Funko breached their fiduciary duties by making and/or causing the Company to issue materially false and misleading statements regarding Funko’s sales and allegedly strong financial prospects.
Funko investors who have held their shares continuously since the beginning of August 2019 are encouraged to contact Kehoe Law Firm, P.C., Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], to discuss the investigation or potential legal claims.
