Nov 20, 2020 | Securities Class Action Archive
K12 INC. INVESTORS WITH LOSSES GREATER THAN $100,000 ENCOURAGED TO CONTACT KEHOE LAW FIRM, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of K12 Inc. (“K12” or the “Company”) (NYSE: LRN) to determine whether the Company engaged in securities fraud or other unlawful business practices.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF K12 BETWEEN APRIL 27, 2020 AND SEPTEMBER 18, 2020, BOTH DATES INCLUSIVE (THE “CLASS PERIOD”), AND SUFFERED LOSSES GREATER THAN $1000,000 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 INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
A class action lawsuit has been filed seeking to recover damages on behalf of K12 investors who purchased, or otherwise acquired, the securities of K12 during the Class Period and suffered losses.
According to the class action complaint, K12, allegedly, made false and misleading statements to the public throughout the Class Period and failed to disclose that (1) K12 lacked the technological capabilities, infrastructure, and expertise to support the increased demand for virtual and blended education necessitated by the global pandemic; (2) K12 lacked adequate cyberattack protocols and protections to prevent the disabling of its computer systems; (3) K12 was unable to provide the necessary levels of administrative support and training to teachers, students, and parents; (4) and K12’s officers lacked a reasonable basis for their positive statements about the Company’s business, operations, and prospects.
Nov 19, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of JOYY Inc. (“JOYY” or the “Company”) (NASDAQ: YY) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On November 18, 2020, Muddy Waters Research published a report, “YY: You Can’t Make This Stuff Up. Well…Actually You Can,” which, among other things, stated that JOYY “is a multibillion-dollar fraud.” The Muddy Waters Research report stated that it “. . . conclude[d] that YY’s component businesses are a fraction of the size it reports, and that the company’s reported user metrics, revenues, and cash balances are predominantly fraudulent.”
On this news, the price of JOYY’s American Depositary Shares (“ADS”) fell $26.53 per ADS, or 26%, to close at $73.66 per ADS on November 18, 2020.
Investors who purchased, or otherwise acquired, the securities of JOYY Inc. and suffered losses greater than $100,000 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 investigation or potential legal claims.
Nov 13, 2020 | Securities Class Action Archive
MultiPlan Corporation Investors With Significant Losses Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of MultiPlan Corporation (“MultiPlan” or the “Company”) (NYSE: MPLN) to determine whether the Company engaged in securities fraud or other unlawful business practices.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF MULTIPLAN CORPORATION AND SUFFERED SIGNFICANT 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 SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Muddy Waters Research published a report (“MultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab”), which, among other things, stated that “MPLN is in the process of losing its largest client, UnitedHealthcare (‘UHC’). UHC has formed a competitor to [MultiPlan] that offers significantly lower prices and fewer conflicts of interest. The competitor is called Naviguard.”
Muddy Waters Research also reported that MultiPlan “. . . was already in financial decline, and its financial statements were engineered to obscure this existing deterioration.” Further, according to Muddy Waters Research, “. . . in 2018, [MultiPlan] released revenue reserves, dropping them from approximately 30% to 10% of revenue, which . . . enabled [MultiPlan] to show 2018 EBITDA growth amid shrinking sales.”
On this news, MultiPlan’s stock dropped $1.72 per share, or 19.7%, to close at $7.01 on November 11, 2020.
Oct 30, 2020 | Securities Class Action Archive
Enphase Energy, Inc. Investors Who Have Held Their Stock Continuously Since At Least February 26, 2019 Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential breaches of fiduciary duty claims involving certain officers and/or directors of Enphase Energy, Inc. (“Enphase” or the “Company”) (NASDAQ: ENPH).
The investigation concerns whether certain officers and/or directors of Enphase breached their fiduciary duties by, among other things, manipulating Enphase’s financial results, overstating its revenues, exaggerating the Company’s gross margin expansion rate, as well as not accounting for a related-party transaction.
IF YOU HAVE CONTINUOUSLY HELD ENPHASE STOCK SINCE AT LEAST FEBRUARY 26, 2019 AND WISH TO DISCUSS KEHOE LAW FIRM’S INVESTIGATION OR HAVE QUESTIONS ABOUT YOUR POTENTIAL LEGAL RIGHTS, PLEASE CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Oct 28, 2020 | Securities Class Action Archive
DEADLINE ALERT: NANO-X IMAGING LTD INVESTORS WITH LOSSES GREATER THAN $100,000 ENCOURAGED TO CONTACT KEHOE LAW FIRM, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Nano-X Imaging Ltd. (“Nano-X” or the “Company”) (NASDAQ: NNOX) to determine whether the Company engaged in securities fraud or other unlawful business practices.
INVESTORS OF NANO-X IMAGING LTD. HAVE UNTIL NOVEMBER 16, 2020 TO MOVE THE COURT TO SERVE AS LEAD PLAINTIFF. 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.
NANO-X INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE COMPANY’S COMMON STOCK BETWEEN AUGUST 21, 2020 AND SEPTEMBER 15, 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 MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
On September 16, 2020, a class action lawsuit was filed against Nano-X. According to the class action complaint, the Nano-X Defendants made materially false and/or misleading statements, because they misrepresented and failed to disclose the following adverse facts pertaining to the Company’s business, operational and financial results, which were known to Defendants or recklessly disregarded by them.
The Nano-X Defendants, according to the complaint, made false and/or misleading statements and/or failed to disclose that: (1) Nano-X’s commercial agreements and its customers were fabricated; (2) Nano-X’s statements regarding its “novel” Nanox System were misleading, as the Company never provided data comparing its images with images from competitors’ machines; (3) Nano-X’s submission to the FDA admitted the Nanox System was not original; and (4) as a result, the Nano-X Defendants’ public statements were materially false and/or misleading at all relevant times.
Oct 28, 2020 | Securities Class Action Archive
DEADLINE ALERT: WRAP TECHNOLOGIES INVESTORS WITH LOSSES GREATER THAN $50,000 ENCOURAGED TO CONTACT KEHOE LAW FIRM, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Wrap Technologies, Inc. (“Wrap” or the “Company”) (NASDAQ: WRTC) to determine whether the Company engaged in securities fraud or other unlawful business practices.
INVESTORS OF WRAP TECHNOLOGIES HAVE UNTIL NOVEMBER 23, 2020 TO MOVE THE COURT TO SERVE AS LEAD PLAINTIFF. 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.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE COMMON STOCK OF WRAP TECHNOLOGIES BETWEEN APRIL 29, 2020, 2020 AND SEPTEMBER 23, 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, (215) 792-6676, EXT. 802, [email protected], [email protected], [email protected], TO DISCUSS THE SECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
A class action lawsuit has been filed against Wrap. According to the lawsuit, during the Class Period, the Wrap Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company had concealed the results of the LAPD BolaWrap pilot program, which demonstrated that the BolaWrap was ineffective, expensive, and sparingly used in the field; and (2) as a result, the Wrap Defendants’ public statements were materially false and/or misleading at all relevant times. Investors were damaged, according to the class action lawsuit, when the true details entered the market.
