Jul 16, 2020 | Securities Class Action Archive
NanoViricides, Inc. Investors Who Purchased NNVC Securities Between January 23, 2020 and July 13, 2020 And Suffered 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 NanoViricides, Inc. (“NanoViricides” or the “Company”) (NYSE: NNVC) to determine whether the Company engaged in securities fraud or other unlawful business practices.
The securities investigation concerns whether NanoViricides provided false or misleading information to investors about its activities related to drug development, including a potential treatment for COVID-19.
NanoViricides investors who purchased, or otherwise acquired, the Company’s securities between January 23, 2020 and July 13, 2020, both dates inclusive, and suffered significant 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.
Jul 13, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating claims on behalf of investors of Kirby Corporation (“Kirby” or the “Company”) (NYSE: KEX) to determine whether Kirby engaged in securities fraud or other unlawful business practices.
Investors who purchased, or otherwise acquired, Kirby Corporation securities 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.
On July 10, 2020, Kirby announced that “[o]n July 8, 2020, Kirby . . . determined that it will be required to restate its previously issued unaudited condensed financial statements for the first quarter ended March 31, 2020 previously filed on Form 10-Q on May 8, 2020. This determination occurred following discussions of the matter between KPMG and the officers of the Company. Accordingly, investors should no longer rely upon previously issued financial statements included in the Company’s previously filed Form 10-Q for the first quarter ended March 31, 2020.”
The Company also stated that it “. . . has determined its non-cash non-recurring goodwill impairment charge for the three months ended March 31, 2020 was understated by $127,933,000 before taxes, $98,773,000 after taxes, or a $1.65 loss per share, due to not applying a specific provision of a new accounting standard that the Company had recently adopted on January 1, 2020.”
On this news, Kirby’s stock price was down as much as 2.47% during intra-day trading on July 13, 2020.
Jul 13, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating claims on behalf of investors of Commercial Vehicle Group, Inc. (“Commercial Vehicle” or the “Company”) (NASDAQ: CVGI) to determine whether Commercial Vehicle engaged in securities fraud or other unlawful business practices.
Investors who purchased, or otherwise acquired, Commercial Vehicle securities 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.
Post-market, on March 16, 2020, the Company issued a press release which, among other things, stated that on March 12, 2020, the Audit Committee of the Company’s Board of Directors “. . . concluded that [the Company’s] audited consolidated financial statements as of and for the year ended December 31, 2018 . . . and [the Company’s] unaudited consolidated financial statements as of and for the quarterly periods ended March 31, 2019 and 2018, June 30, 2019 and 2018, and September 30, 2019 and 2018 . . . should no longer be relied upon due to misstatements and that [the Company] will restate such financial statements to make the necessary accounting corrections.”
On this news, Commercial Vehicle’s share price fell $0.96 per share, or more than 38%, over the next two trading days, closing at $1.56 per share on March 18, 2020.
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.
