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 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.
Jun 9, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating securities claims on behalf of investors of Tactile Systems Technology, Inc. (“Tactile Systems” or the “Company”) (NASDAQ: TCMD) to determine whether the Company provided misleading or false information to investors.
On June 8, 2020 OSS Research reported that Tactile Systems’ “true source of [its] growth” is “. . . a kickback arrangement . . . resulting in rampant over-prescribing.” OSS Research reported that “Medicare has launched an audit, and data reveals that Tactile has been found non-compliant on 71% of its claims.”
On this news, shares of Tactile Systems dropped approximately 10.05% to close at $47.26 on June 8, 2020.
Tactile Systems investors who purchased, or otherwise acquired, the Company’s securities and suffered losses greater than $100,000 are encouraged to 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 4, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors Hebron Technology Co., Ltd. (“Hebron” or the “Company”) (NASDAQ: HEBT) to determine whether Hebron issued false or misleading business information to investors.
On June 3, 2020, Grizzly Research presented a report which alleged that Hebron is an “insider enrichment scheme without economic basis,” and Hebron, according to Grizzly Research, “is the quintessential example why . . . tighter disclosure and auditing regulations [is needed] for US listed Chinese companies. [Grizzly Research] believe[s] HEBT has engaged in egregious wrongdoings that should result in immediate delisting.”
On this news, Hebron’s stock dropped significantly during intraday trading on June 3, 2020.
Hebron investors who purchased, or otherwise acquired, the Company’s common stock and suffered losses greater than $100,000 are encouraged to 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 4, 2020 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of ServiceMaster Global Holdings, Inc. (“ServiceMaster” or the “Company”) (NYSE: SERV) who purchased, or otherwise acquired, the common stock of ServiceMaster between February 26, 2019 and November 4, 2019, both dates inclusive (the “Class Period”).
Securities fraud class action complaints have been filed in United States District Court on behalf of all purchasers of ServiceMaster common stock between February 26, 2019 and November 4, 2019 seeking to pursue remedies under the Securities Exchange Act of 1934 against ServiceMaster and certain senior executives of the Company.
The securities investigation focuses on whether the ServiceMaster Defendants made materially false and/or misleading statements and omissions and/or failed to disclose adverse facts regarding ServiceMaster’s business, operations, and financial condition, such as whether ServiceMaster failed to properly inspect and treat for Formosan activity and costly litigation experienced by the Company from injured customers, as well as the Company’s attempts to mitigate the trend of costly litigation by taking remedial measures, including raising prices significantly for termite treatments in Mobile, Alabama to deter contract renewals.
ServiceMaster investors who purchased, or otherwise acquired, the Company’s common stock during the Class Period and suffered losses greater than $50K are encouraged to 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.
