Sep 10, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of LexinFintech Holdings Ltd. (“LexinFintech” or the “Company) (NASDAQ: LX) to determine whether LexinFintech engaged in securities fraud or other unlawful business practices.
LexinFintech investors who purchased, or otherwise acquired, the Company’s common stock between April 30, 2019 and August 24, 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 securities investigation or potential legal claims.
According to a class action complaint filed on behalf of investors, throughout the Class Period, the LexinFintech defendants made false and/or misleading statements and/or failed to disclose that: (1) LexinFintech reported artificially low delinquency rates by giving borrowers in default new funds to make payments; (2) the Company’s business model exposes shareholders to enormous losses by prioritizing Chinese lenders for off-balance sheet loans; (3) LexinFintech exaggerated its user base; (4) the Company was facilitating direct peer to peer lending contrary to Chinese law; (5) LexinFintech engaged in undisclosed related party transactions; (6) the Company lacked adequate internal controls; and (7) as a result, the LexinFintech defendants’ public statements were materially false and/or misleading at all relevant times.
Aug 28, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating securities claims on behalf of investors of Pilgrim’s Pride Corporation (“Pilgrim’s Pride” or the “Company”) (NASDAQ: PPC) to determine whether Pilgrim’s Pride may have issued materially misleading business information to investors.
Pilgrim’s Pride investors who purchased, or otherwise acquired, the Company’s securities between February 9, 2017 and June 3, 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 securities investigation or potential legal claims.
A class action lawsuit has been filed against Pilgrim’s Pride. According to the lawsuit, during the Class Period, the Pilgrim’s Pride defendants, allegedly, made false and/or misleading statements and/or failed to disclose that: (1) Pilgrim’s Pride and its executives had participated in an illegal antitrust conspiracy to fix prices and rig bids from at least as early as 2012 and continuing through at least early 2017; (2) Pilgrim’s Pride received competitive advantages, which persisted during the Class Period, from its anticompetitive conduct; and (3) as a result, the Pilgrim’s Pride Defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis.
IF YOU WISH TO SERVE AS LEAD PLAINTIFF, YOU MUST MOVE THE COURT NO LATER THAN SEPTEMBER 4, 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.
Aug 28, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating securities claims on behalf of investors of J2 Global, Inc. (“J2 Global” or the “Company”) (NASDAQ: JCOM) to determine whether J2 Global may have issued materially misleading business information to investors.
J2 Global investors who purchased, or otherwise acquired, the Company’s securities between October 5, 2015 and June 29, 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 securities investigation or potential legal claims.
A class action lawsuit has been filed against J2 Global and certain of its officers for alleged violations of the Securities Exchange Act of 1934. According to the class action lawsuit, the J2 Global defendants allegedly made materially false and/or misleading statements, as well as failed to disclose that: (1) J2 Global engaged in undisclosed related-party transactions; (2) J2 Global used misleading accounting to hide impairments and underperformance in acquisitions; (3) several so-called independent members of J2 Global’s board of directors and audit committee were not disinterested; and (4) as a result, the J2 Global defendants’ public statements were materially false and/or misleading at all relevant times.
IF YOU WISH TO SERVE AS LEAD PLAINTIFF, YOU MUST MOVE THE COURT NO LATER THAN SEPTEMBER 8, 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.
Aug 28, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating securities claims on behalf of investors of STAAR Surgical Company (“STAAR Surgical” or the “Company”) (NASDAQ: STAA) to determine whether STAAR may have issued materially misleading business information to investors.
STAAR Surgical investors who purchased, or otherwise acquired, the Company’s securities between February 26, 2020 and August 10, 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 securities investigation or potential legal claims.
A class action lawsuit has been filed against STAAR Surgical. According to the complaint, throughout the Class Period, the STAAR Surgical Defendants, allegedly, misrepresented and/or failed to disclose to investors that the Company was overstating and/or mischaracterizing: (1) its sales and growth in China; (2) its marketing spend; (3) its research and development expenses; and as a result of the foregoing, (4) the STAAR Surgical defendants’ public statements were materially false and misleading at all relevant times.
IF YOU WISH TO SERVE AS LEAD PLAINTIFF, YOU MUST MOVE THE COURT NO LATER THAN OCTOBER 19, 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.
Aug 14, 2020 | Securities Class Action Archive
OneSpan 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 OneSpan, Inc. (“OneSpan” or the “Company”) (NASDAQ: OSPN) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On August 11, 2020, OneSpan filed a “Notification of Late Filing” with the SEC, which, among other things, stated that OneSpan “ . . . has determined that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 . . . by August 10, 2020, . . . because it requires additional time to complete its financial statements. As previously announced, the Company identified immaterial errors related to certain contracts with customers involving term-based software licenses. The net contract assets that originated from a portion of these contracts in prior periods were not properly accounted for in subsequent periods, which caused overstatements of revenue.” [Emphasis added.]
OneSpan reported that “[t]he cumulative overstatements of revenue total $2.2 million over the period from the first quarter in the year ended December 31, 2018 to the quarter ended March 31, 2020 . . ..”
Additionally, the Company announced that “[r]evenue for the second quarter of 2020 was $55.0 million, a decrease of 2% from $56.2 million for the second quarter of 2019.”
On this news, OneSpan’s stock price dropped approximately 40% on August 12, 2020, thereby injuring investors.
Investors who purchased, or otherwise acquired, OneSpan’s common stock 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 securities investigation or potential legal claims.
Aug 13, 2020 | Securities Class Action Archive
Long-Term Investors Of MicroStrategy Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of current, long-term investors of MicroStrategy Incorporated (“MicroStrategy”) (NASDAQ: MSTR) to determine whether MicroStrategy and/or MicroStrategy’s officers and directors violated securities laws or engaged in other unlawful business practices related to recent corporate actions.
MicroStrategy investors are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire or contact John Kehoe, Esq., (215 ) 792-6676, Ext. 801, [email protected], [email protected], [email protected], to discuss the securities investigation or potential legal claims.
