Sep 23, 2021 | Blog
Eargo Investors With Financial Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether Eargo, Inc. (“Eargo” or the “Company”) (NASDAQ: EAR) violated federal securities laws.
Post-market on September 22, 2021, Eargo disclosed that the Company “ . . . was informed that it is the target of a criminal investigation by the U.S. Department of Justice . . . related to insurance reimbursement claims the Company has submitted on behalf of its customers covered by federal employee health plans.” [Emphasis added.]
On this news, shares of Eargo were down over 70% during intraday trading on September 23, 2021, thereby injuring EAR investors.
EARGO INVESTORS WITH LOSSES GREATER THAN $50,000 WHO WISH TO DISCUSS KEHOE LAW FIRM’S SECURITIES CLASS ACTION INVESTIGATION OR HAVE QUESTIONS ABOUT POTENTIAL LEGAL CLAIMS SHOULD CONTACT EITHER JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected].
Sep 15, 2021 | Blog
Boston Beer Company Investors Who Acquired Boston Beer Company Securities Between April 22, 2021 And September 8, 2021, Both Dates Inclusive (the “Class Period”), And Suffered Financial Losses Greater Than $100,000 Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is making investors of The Boston Beer Company (“Boston Beer” or the “Company”) (NYSE: SAM) that on September 14, 2021, a class action lawsuit was filed against the Company in United States District Court, Southern District of New York, on behalf of persons and entities that purchased, or otherwise acquired, Boston Beer securities between April 22, 2021 and September 8, 2021, inclusive (the “Class Period”). The class action Plaintiff is pursuing claims against the Boston Beer Defendants under the Securities Exchange Act of 1934.
According to the class action complaint, throughout the Class Period, the Boston Beer Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.
The Boston Beer Defendants, allegedly, failed to disclose to investors that (1) Boston Beer’s hard seltzer sales were decelerating; (2) as a result, Boston Beer was reasonably likely to incur inventory write-offs; (3) the Company was reasonably likely to incur shortfall fees payable to third party brewers; (4) as a result of the foregoing, Boston Beer’s financial results would be adversely impacted; and (5) as a result of the foregoing, the Boston Beer Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
BOSTON BEER INVESTORS WHO ACQUIRED THE COMPANY’S SECURITIES 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 JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], [email protected], TO DISCUSS THE CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Sep 13, 2021 | Blog
PaySign, Inc. Investors Who Have Held PAYS Stock Continuously Since At Least March 12, 2019 Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain officers and/or directors of PaySign, Inc. (“PaySign” or the “Company”) (NASDAQ: PAYS) breached their fiduciary duties to PaySign and the Company’s shareholders.
The investigation concerns, among other things, whether PaySign made false and/or misleading statements to investors, resulting in a significant decline in PaySign’s common stock price.
IF YOU HAVE HELD PAYSIGN (NASDAQ: PAYS) STOCK CONTINUOUSLY SINCE AT LEAST MARCH 2019 AND WISH TO DISCUSS KEHOE LAW FIRM’S INVESTIGATION OR HAVE QUESTIONS ABOUT YOUR POTENTIAL LEGAL RIGHTS, PLEASE CONTACT EITHER JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Sep 10, 2021 | Blog
Merger Investigation On Behalf Of Investors Of Finance of America Companies Who Were Replay Acquisition Corp Shareholders
Kehoe Law Firm, P.C. is investigating whether certain officers and/or directors of Replay Acquisition Corp (“Replay” or the “Company”) (NYSE: RPLA) received greater benefits than Replay investors, as a result of the Company’s merger with Finance of America Companies Inc. (“Finance of America”) (NYSE: FOA).
The investigation concerns whether Replay’s board of directors or senior management failed to manage Replay in an acceptable manner, in breach of their fiduciary duties to the Company’s shareholders, and whether Replay’s shareholders suffered damages as a result.
On October 12, 2020, Replay executed a merger agreement with the predecessor to Finance of America, with a January 28, 2021, record date for the shareholder vote. On April 1, 2021, the merger transaction closed, with Finance of America continuing as the successor entity.
On August 12, 2021, Finance of America announced quarterly earnings, including a drop in mortgage originations and a narrower gain on sale margins, dropping the stock price to $5.33/share.
IF YOU WERE A REPLAY ACQUISITION SHAREHOLDER 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.
Sep 9, 2021 | Blog
Merger Investigation On Behalf Of Former Netfin Acquisition Investors
Kehoe Law Firm, P.C. is investigating whether certain officers and/or directors of Netfin Acquisition Corp. (“Netfin Acquisition” or the “Company”) (NASDAQ: NFIN) received greater benefits than Netfin Acquisition investors, as a result of the Company’s merger with Triterras, Inc. (“Triterras”) (NASDAQ: TRIT).
The investigation concerns whether Netfin Acquisition’s board of directors or senior management failed to manage Neftin Acquisition in an acceptable manner, in breach of their fiduciary duties to the Company’s shareholders, and whether Netfin Acquisition’s shareholders suffered damages as a result.
On July 29, 2020, Netfin Acquisition executed a merger agreement with the predecessor to Triterras, with an October 12, 2020 record date for the shareholder vote. On November 11, 2020, the merger transaction closed, with Triterras continuing as the successor entity.
On December 17, 2020, Triterras announced that Rhodium Resources, a company with close ties to Triterras, received a statutory demand from one of its creditors. Triterras disclosed that Rhodium had been instrumental in Triterras’s launch of its Kratos trading platform. On January 15, 2021, an analyst released a report on Triterras, alleging that nearly all of the trading on Triterras’s platform is with related parties.
IF YOU WERE A NETFIN ACQUISITION SHAREHOLDER 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.
Sep 9, 2021 | Blog
Securities Class Action Investigation On Behalf Of Boston Beer Company Investors Who Acquired Their Shares After July 22, 2021 And Suffered Financial Losses
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of The Boston Beer Company, Inc. (“Boston Beer” or the “Company”) (NYSE: SAM) to determine whether Boston Beer engaged in securities fraud or other unlawful business practices.
Post-market, on September 8, 2021, Boston Beer announced that the Company was withdrawing its 2021 financial guidance issued on July 22, 2021, as a result of the Company’s “belie[f] there will be continuing uncertainty about hard seltzer demand trends for the remainder of 2021.”
Boston Beer stated that “. . . the Company . . . expects to incur hard seltzer-related inventory write-offs, shortfall fees payable to 3rd party brewers, and other costs that will be expensed during the remainder of fiscal 2021. As a result, the Company currently expects full year 2021 earnings per diluted share will fall below the previously-reported estimate of between $18.00 and $22.00, excluding the impact of ASU 2016-09.”
On this news, Boston Beer’s share price fell approximately 10% during after-hours trading on September 8, 2021, thereby injuring investors.
BOSTON BEER INVESTORS WHO ACQUIRED THEIR SHARES AFTER JULY 22, 2021 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], TO DISCUSS THE CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
