Apr 12, 2021 | Securities Class Action Archive
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Champignon Brands Inc. (“Champignon” or the “Company”) (OTC: SHRMF) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On April 10, 2021, a class action lawsuit was filed in United States District Court, Central District of California, on behalf of Champignon investors who purchased, or otherwise acquired, Champignon securities between March 27, 2020 and February 17, 2021, both dates inclusive (the “Class Period”).
According to the class action complaint, throughout the Class Period, the Champignon Defendants made false and/or misleading statements and/or failed to disclose that (1) Champignon had undisclosed material weaknesses and insufficient financial controls; (2) Champignon’s previously issued financial statements were false and unreliable; (3) Champignon’s earlier reported financial statements would need to be restated; (4) Champignon’s acquisitions involved an undisclosed related party; (5) as a result of the foregoing and subsequent reporting delays and issues, the British Columbia Securities Commission would suspend Champignon from trading; and (6) as a result, the Champignon Defendants’ statements about Champignon’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE COMPANY’S SECURITIES DURING THE CLASS PERIOD AND SUFFERED SIGNIFICANT LOSSES ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, CLIENT RELATIONS, (215) 792-6676, EXT. 802, [email protected], [email protected], [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Mar 17, 2021 | Securities Class Action Archive
Class Action Filed On Behalf Of CytoDyn, Inc. Investors – CYDY 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 CytoDyn, Inc. (“CytoDyn” or the “Company”) (OTC: CYDY) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On March 17, 2021, a class action lawsuit was filed against CytoDyn in United States District Court on behalf of CytoDyn investors who purchased, or otherwise acquired, CytoDyn common stock between March 27, 2020 and March 9, 2021, both dates inclusive (the “Class Period”).
According to the class action complaint, CytoDyn issued numerous press releases, conducted conference calls, participated in interviews, and aggressively utilized several third-party investor relations and stock newsletter services to tout Leronlimab as a potential treatment for COVID-19 and to pump up the stock price of CytoDyn while executives aggressively sold shares.
The class action complaint also alleges that in addition to overstating the viability of Leronlimab as a COVID-19 treatment, CytoDyn also engaged in a wrongful scheme with its lender, Iliad Research and Trading L.P. (“Iliad”), and its principal John Fife (“Fife”), whereby Iliad and other Fife entities operated as an unregistered securities dealer for CytoDyn. In connection with Iliad lending funds to CytoDyn, Iliad obtained a convertible promissory note from CytoDyn and converted the note into newly issued shares of CytoDyn and sold those shares into the public market at a profit, in violation of the dealer registration requirements of the federal securities laws.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE COMPANY’S COMMON STOCK DURING 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, CLIENT RELATIONS, (215) 792-6676, EXT. 802, [email protected], [email protected], [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Mar 17, 2021 | Securities Class Action Archive
Plug Power Investors Who Have Held Their Stock Continuously Since At Least November 2020 Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain officers and/or directors of Plug Power Inc. (“Plug Power” or the “Company”) (NASDAQ: PLUG) breached their fiduciary duties to Plug Power and the Company’s shareholders.
The investigation concerns whether certain officers and/or directors of Plug Power, among other things, made false and/or misleading statements or failed to disclose that Plug Power would be unable to timely file its annual report for the period ended December 31, 2020, because the Company was completing a “review and assessment of the treatment of certain costs with regards to classification between Research and Development versus Costs of Goods Sold, the recoverability of right of use assets associated with certain leases, and certain internal controls over these and other areas.” Plug Power stated that “[i]t is possible that one or more of these items may result in charges or adjustments to current and/or prior period financial statements.”
If you have held Plug Power stock continuously since at least November 2020 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], [email protected], to learn more about the investigation or potential legal claims.
Mar 16, 2021 | Securities Class Action Archive
Sequential Brands Group 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 Sequential Brands Group, Inc. (“Sequential Brands” or the “Company”) (NASDAQ: SQBG) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On March 16, 2021, a class action lawsuit was filed against Sequential Brands in United States District Court, Central District of California, on behalf of investors who purchased, or otherwise acquired, the securities of Sequential Brands between November 3, 2016 and December 11, 2020, both dates inclusive (the “Class Period”).
According to the class action complaint, throughout the Class Period, the Sequential Brands 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, operations and prospects, which were known to the Sequential Brands Defendants or recklessly disregarded by them.
The Sequential Brands Defendants, according to the class action complaint, made false and/or misleading statements and/or failed to disclose that (1) in late 2016, the Company knew or should have known that its goodwill was likely impaired; (2) the Company avoided and delayed the material write down to goodwill in late 2016 through 2017; (3) the Company understated its operating expenses and net loss and also materially overstated its income from operations, goodwill, and assets from late 2016 through 2017; (4) the Company’s internal controls were deficient; (5) Sequential Brands has failed to restate, correct, or disclose relevant improprieties, deceptive conduct, misstatements, omissions, and control violations; (6) as a result of the foregoing, the Company was at greater risk of regulatory scrutiny and enforcement; and (7) as a result, the Sequential Brands Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF SEQUENTIAL BRANDS DURING THE CLASS PERIOD AND SUFFERED SIGNIFICANT LOSSES ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, CLIENT RELATIONS, (215) 792-6676, EXT. 802, [email protected], [email protected], [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Mar 16, 2021 | Securities Class Action Archive
Investors Of Neptune Wellness Solutions 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 Neptune Wellness Solutions Inc. (“Neptune” or the “Company”) (NASDAQ: NEPT) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On March 16, 2021, a class action lawsuit was filed against Neptune in United States District Court, Eastern District of New York, on behalf of investors who purchased, or otherwise acquired, the securities of Neptune between July 24, 2019 and February 16, 2021, both dates inclusive (the “Class Period”).
According to the class action complaint, throughout the Class Period, the Neptune Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies.
According to the complaint, the Neptune Defendants made false and/or misleading statements and/or failed to disclose that (i) the cost of Neptune’s integration of the assets and operations acquired in the SugarLeaf Acquisition would be larger than the Company had acknowledged, placing significant strain on the Company’s capital reserves; (ii) accordingly, it was reasonably foreseeable that the Company would need to conduct additional stock offerings to raise more capital; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, NEPTUNE SECURITIES DURING 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, CLIENT RELATIONS, (215) 792-6676, EXT. 802, [email protected], [email protected], [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Mar 10, 2021 | Securities Class Action Archive
SOS Limited Investors Who Have Suffered 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 SOS Limited (“SOS” or the “Company”) (NYSE: SOS) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On February 26, 2021, SeekingAlpha reported that Hindenburg Research reported that SOS “drop[ped] 17% after Hindenburg Research [said] it’s short on the stock, noting [SOS’s] significant regulatory risk.”
SeekingAlpha also reported that Culper Research “released a short report on SOS . . ., saying it believes the shares are ‘worthless’. Culper says SOS’s claims around its cryptocurrency mining purchases and acquisition appears to be ‘extremely problematic.’”
On this news, SOS’s American Depositary Receipt (“ADR”) price fell $1.27, or 21.03%, closing at $4.77 per ADR on February 26, 2021.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, SOS SECURITIES AND SUFFERED LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, CLIENT RELATIONS, (215) 792-6676, EXT. 802, [email protected], [email protected], [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
