Monthly Archives: June 2017

APPROACHING DEADLINE: Lundin Law PC Announces Securities Class Action Lawsuit against Intra-Cellular Therapies, Inc. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 28, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Intra-Cellular Therapies, Inc. (“Intra-Cellular” or the “Company”) (NASDAQ: ITCI) regarding possible violations of federal securities laws from August 12, 2014 through April 28, 2017, inclusive (the “Class Period”). Investors who purchased or otherwise acquired Intra-Cellular shares during the Class Period should contact the firm prior to the July 11, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The Complaint states that, throughout the Class Period, Intra-Cellular made false and/or misleading statements and/or failed to disclose: that findings related to toxicity in animals treated with lumateperone (ITI-007) were observed; that these findings posed an additional safety concern regarding lumateperone; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times.

On August 4, 2016, Intra-Cellular’s Chief Executive Officer, Sharon Mates, touted the “efficacy and safety of ITI-007 for the treatment of schizophrenia.” On May 1, 2017, Intra-Cellular disclosed that the U.S. FDA requested information from the Company in order to verify whether or not there are safety risks associated with long term exposure of ITI-007 to patients. After this news was released, the Company’s stock price decreased materially, which harmed investors according to the Complaint.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC

Brian Lundin, Esq.

Telephone: 888-713-1033

Facsimile: 888-713-1125

brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 467062

MONDAY DEADLINE: Lundin Law PC Announces Securities Class Action Lawsuit against Sunrun Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 28, 2017 / Lundin Law PC, a shareholder rights firm, a class action lawsuit against Sunrun Inc. (“Sunrun” or the “Company”) (NASDAQ: RUN) for possible violations of federal securities laws between September 16, 2015 through May 2, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired Sunrun shares during the Class Period should contact the firm prior to the July 3, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet, and until a class is certified, you are not considered represented by an attorney. You may choose to do nothing and be an absent class member as well.

According to the Complaint, during the Class Period, Sunrun made false and/or misleading statements and/or failed to disclose: that the Company failed to adequately reveal how many customers canceled contracts after signing up for its home-solar energy system; that the discovery of such conduct would subject the Company to heightened regulatory scrutiny and potential civil sanctions; and that as a result of the above, Sunrun’s public statements were materially false and misleading at all relevant times. On May 3, 2017, The Wall Street Journal reported that Sunrun was the subject of a U.S. Securities and Exchange Commission (“SEC”) probe and according to a person familiar with the investigation, “[t]he SEC recently issued a subpoena to Sunrun and interviewed current and former employees about the adequacy of its disclosures on account cancellations.” Upon release of this news, the stock price of Sunrun fell materially, which harmed investors according to the Complaint.

Lundin Law PC was founded by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethics rules.

Contact:

Lundin Law PC

Brian Lundin, Esq.

Telephone: 888-713-1033

Facsimile: 888-713-1125

brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 467059

DEADLINE MONDAY: Lundin Law PC Announces a Securities Class Action Lawsuit against United States Steel Corporation and Encourages Investors with Losses Exceeding $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 28, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against United States Steel Corporation (“U.S. Steel” or the “Company”) (NYSE: X) for possible violations of federal securities laws between November 1, 2016 through April 25, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm prior to the July 3, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet, and until a class is certified, you are not considered represented by an attorney. You may choose to do nothing and be an absent class member as well.

According to the Complaint, during the Class Period, U.S. Steel issued materially false and/or misleading statements, and/or failed to disclose: that while the Company was implementing its Carnegie Way program, it focused on cutting costs and not making investments necessary to position itself so that it could respond to improved market conditions; that the Company’s failure to invest in improving capital assets during the industry downturn, in order to report apparent financial improvements, meant that U.S. Steel had higher production costs than its competitors, even in the face of improved pricing, which would negatively impact its financial results; and that U.S. Steel was forestalling expensive capital equipment upgrades in order to boost its short-term financial results at the expense of long-term financial performance, leaving U.S. Steel in need of accelerated, costly equipment upgrades that would leave the Company years away from generating improved financial performance. Upon the release of this information, the Company’s stock price declined materially, which caused investors harm according to the Complaint.

Lundin Law PC was founded by Brian Lundin, Esquire, a securities litigator based in Los Angeles devoted to upholding the rights of shareholders.

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 467060

INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against United Technologies Corporation and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 28, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against United Technologies Corporation (“United Technologies” or the “Company”) (NYSE: UTX) regarding possible violations of federal securities laws from April 21, 2015 through July 20, 2015 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the July 11, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may choose to do nothing and be an absent class member as well.

According to the Complaint, during the Class Period, United Technologies issued and reaffirmed unfounded and inflated earnings guidance, primarily based on the planning assumptions in two of the Company’s key business units, namely the UTC Aerospace Systems (“UTAS”) and Otis Elevator Co. (“Otis”). The Company failed to disclose or indicate that its earnings forecast relied on planning assumptions for the UTAS and Otis units that were not fully scrutinized and were too aggressive. On July 21, 2015, United Technologies cut its 2015 earnings guidance, based on the weak performance of the UTAS and Otis units. When this news was announced, the Company’s stock price dropped materially, which caused investors harm.

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethics rules.

Contact:

Lundin Law PC

Brian Lundin, Esq.

Telephone: 888-713-1033

Facsimile: 888-713-1125

brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 467061

DEADLINE MONDAY: Lundin Law PC Announces a Securities Class Action Lawsuit against KBR, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 28, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against KBR, Inc. (“KBR” or the “Company”) (NYSE: KBR) regarding possible violations of federal securities laws between February 26, 2016 and April 27, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired KBR shares during the Class Period should contact the firm prior to the July 3, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has yet been certified in the above action, and until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, throughout the Class Period, KBR made false and/or misleading statements and/or failed to disclose that the Company’s United Kingdom (“UK”) subsidiaries violated applicable bribery and corruption laws. On April 28, 2017, the UK’s Serious Fraud Office confirmed that it had opened an investigation into the activities of KBR’s UK subsidiaries for suspected offenses of bribery and corruption. When this news was released, KBR’s stock price fell materially, which caused investors harm according to the Complaint.

Lundin Law PC was established by Brian Lundin, Esq., a securities litigator in Los Angeles dedicated to upholding the rights of shareholders.

This press release may constitute Attorney Advertising in certain jurisdictions under the applicable law and rules of ethics.

Contact:

Lundin Law PC

Brian Lundin, Esq.

Telephone: 888-713-1033

Facsimile: 888-713-1125

brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 467058

MONDAY DEADLINE: Lundin Law PC Announces the Filing of a Securities Class Action Lawsuit against Anadarko Petroleum Corporation and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 28, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Anadarko Petroleum Corporation (“Anadarko” or the “Company”) (NYSE: APC) for possible violations of federal securities laws from February 17, 2016 through May 2, 2017, inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period, should contact the firm prior to the July 3, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet, and until a class is certified, you are not considered represented by an attorney. You may choose to do nothing and be an absent class member as well.

According to the Complaint, during the Class Period, Anadarko made false and misleading statements and/or failed to disclose: that the Company’s maintenance and safety protocols concerning certain of its vertical wells were inadequate; that due to those shortcomings, these wells were at an increased risk of explosion; and that as a result of the above, Anadarko’s public statements were materially false and misleading at all relevant times. On April 17, 2017, a fatal explosion killed two people and seriously injured another in a home located within 170 feet of an Anadarko well. On April 26, 2017, The Denver Post reported that the Company “plans to shut down 3,000 vertical wells in northeastern Colorado” after the April 17 explosion. On May 2, 2017, the Frederick-Firestone Fire Protection District concluded that the fatal explosion on April 17 was linked to a faulty gas line connected to an Anadarko well. After release of this news, Anadarko’s stock price fell materially, which caused investors harm.

Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles devoted to upholding shareholders’ rights.

This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethics rules.

Contact:

Lundin Law PC

Brian Lundin, Esq.

Telephone: 888-713-1033

Facsimile: 888-713-1125

brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 467057

INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against CenturyLink, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 28, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against CenturyLink, Inc. (“CenturyLink” or the “Company”) (NYSE: CTL) for possible violations of federal securities laws between February 27, 2014 and June 15, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm prior to the August 21, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, throughout the Class Period, CenturyLink made false and/or misleading statements and/or failed to disclose: that the Company’s policies allowed its employees to add services or lines to accounts without customer permission, resulting in millions of dollars in unauthorized charges; that revenues were the product of illicit conduct and unsustainable; that this illicit conduct was likely to subject CenturyLink to heightened regulatory scrutiny; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. When this information was announced, shares of CenturyLink dropped in value materially, which caused investors harm according to the Complaint.

Lundin Law PC was founded by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 467054

INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Booz Allen Hamilton Holding Corporation and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 28, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Booz Allen Hamilton Holding Corporation (“Booz Allen” or the “Company”) (NYSE: BAH) for possible violations of federal securities laws between May 19, 2016 and June 15, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the August 18, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, throughout the Class Period, Booz Allen made false and misleading statements and/or failed to disclose that: the Company engaged in improper accounting practices in its contracts with the U.S. government; that its revenues derived from services provided to the U.S. government were inflated and unsustainable; that the discovery of such conduct would subject the Company to heightened regulatory scrutiny, potential criminal sanctions, and endanger its business relationship with the U.S. government; and that as a result of the above, Booz Allen’s public statements were materially false and misleading at all relevant times. Upon release of this information to the public, shares of Booz Allen dropped in value, which harmed investors according to the Complaint.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC

Brian Lundin, Esq.

Telephone: 888-713-1033

Facsimile: 888-713-1125

brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 467055

IMPORTANT EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Zoompass Holdings, Inc. and Reminds Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / June 28, 2017 / Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against Zoompass Holdings, Inc. (“Zoompass” or the “Company”) (OTC PINK: ZPAS). Investors, who purchased or otherwise acquired shares from April 24, 2017 through May 24, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the July 31, 2017 lead plaintiff motion deadline.

If you purchased Zoompass shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the Complaint, throughout the Class Period, Zoompass made false and/or misleading statements and/or failed to disclose: that the Company unlawfully engaged in a scheme to promote its stock; that the discovery of the foregoing conduct would subject Zoompass to heightened regulatory scrutiny and potential criminal sanctions; and that as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. On May 9, 2017, Zoompass revealed that it had been “made aware of and requested by the OTC Markets Group, Inc. to comment on recent trading and potential promotional activity.” On May 25, 2017, Seeking Alpha reported that Zoompass had erroneously denied its involvement with a scheme designed to promote its stock and purposely conceal that the Company’s CEO was involved in a pump-and-dump scheme. When this news was announced, Zoompass’ share price decreased, which caused investors harm according to the Complaint.

If you wish to learn more about this lawsuit, or if you have any questions about this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact:

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 467051

INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Sky Solar Holdings, Ltd. and Encourages Investors with Losses to Contact the Firm

IRVINE, CA / ACCESSWIRE / June 28, 2017 / Khang & Khang LLP (the “Firm”) announces the filing of a securities class action lawsuit against Sky Solar Holdings, Ltd. (“Sky Solar” or the “Company”) (NASDAQ: SKYS). Investors, who purchased or otherwise acquired shares (1) pursuant and/or traceable to the Company’s initial public offering on or about November 18, 2014 (“IPO”); and/or (2) on the open market from November 14, 2014 through June 12, 2017, inclusive (the “Class Period”), should contact the firm in advance of the August 15, 2017 lead plaintiff motion deadline.

If you purchased Sky Solar shares during the IPO or Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may also choose to take no action and remain a passive class member.

According to the Complaint, throughout the Class Period, Sky Solar made false and/or misleading statements, and/or failed to disclose: that the Company’s Code of Business Conduct and Ethics and its enforcement by the Board of Directors were not enough to detect and/or deter misconduct by its officers and directors; that Sky Solar’s founder, Mr. Weili Su, was involved in undisclosed misconduct during his tenure; and as a result of the above, the Company’s public statements were materially false and misleading at all relevant times. When this news was announced, shares of Sky Solar dropped in value, which harmed investors according to the Complaint.

If you wish to learn more about this lawsuit, or if you have any questions regarding this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for almost two decades, by telephone at (949) 419-3834, or via e-mail at
joon@khanglaw.com.

This press release may constitute Attorney Advertising in certain jurisdictions.

Contact:

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 467053