LOS ANGELES, CA / ACCESSWIRE / January 30, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MetLife, Inc. (“MetLife” or the “Company”) (NASDAQ: MET).

If you purchased or otherwise acquired Metlife shares, and would like more information about the investigation, we encourage you to contact Brian Schall, or Sherin Mahdavian, of The Schall Law firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at (877) 590-0482, to discuss your rights without cost to you. You can also reach us through the firm’s website at www.schallfirm.com, or email the managing partner directly at brian@schallfirm.com.

On January 29, 2018, MetLife announced it would postpone its fourth quarter and full year ended December 31, 2017 earnings report and conference call, citing “material weakness” in its financial reporting. The Company also advised investors it expects to increase reserves in total between $525 million and $575 million on a pre-tax basis to cover certain annuity recipients “who have been unresponsive or missing over time.” Following this news, Xunlei’s stock price fell materially, which caused investors harm.

The Schall Law Firm represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

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

Contact:

The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
Schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 487412

LOS ANGELES, CA / ACCESSWIRE / January 30, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between October 10, 2017 and January 11, 2018, inclusive (the “Class Period”), are encouraged to contact the firm by March 20, 2018, the lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, please click here to participate.

According to the lawsuit, the Company made materially false and/or misleading statements and/or failed to disclose that: (1) Xunlei had engaged in unlawful financial activity; (2) OneCoin, Xunlei’s blockchain-based product, was a form of disguised Initial Coin Offering; (3) Xunlei was engaged in the promotion of an Initial Miner Offering; and (4) as a result, defendants’ statements about Xunlei’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis. Following this news, Xunlei’s stock price fell materially, which caused investors harm.

We also encourage you to contact Brian Schall or Sherin Mahdavian, of The Schall Law Firm, 1880 Century Park East Suite 404, Los Angeles, CA 90067, at (877) 590-0482, to discuss your rights free of charge. You can also reach us through the firm’s website at schallfirm.com or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

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

Contact:

The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
Schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 487411

VANCOUVER, BC / ACCESSWIRE / January 30, 2018 / Maple Leaf Short Duration 2018 Flow-Through Limited Partnership (the ”Partnership”) is pleased to announce that it has filed a final prospectus (the ”Prospectus”) dated January 29, 2018 with the securities commissions or similar authorities in each of the Provinces and Territories of Canada relating to the initial public offering of units of the Partnership. The maximum offering of the Partnership’s National Class Units is $10,000,000 and the Québec Class Units is $15,000,000. The books will close on Wednesday, February 14, 2018 at 12 noon (EST) for its initial closing on February 15, 2018.

Partnership Objectives & Benefits – National Class Units

The Partnership is designed to provide holders of National Class Units (”National Class Limited Partners”) with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures (as those terms are defined in the Prospectus) across Canada with a view to maximizing the tax benefits of an investment in National Class Units and achieving capital appreciation and/or income for National Class Limited Partners. National Class Limited Partners must be residents of Canada or liable to pay Canadian income tax.

Investors are expected to receive tax deductions for 2018 of approximately 100% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.

Partnership Objectives & Benefits – Québec Class Units

The Partnership is designed to provide holders of Québec Class Units (”Québec Class Limited Partners”) with an investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures principally in the Province of Québec with a view to maximizing the tax benefits of an investment in Québec Class Units and achieving capital appreciation and/or income for Québec Class Limited Partners. Québec Class Units are most suitable for investors who reside in the Province Québec or are liable to pay income tax in Québec.

Investors are expected to receive tax deductions for 2018 of up to 130% of the amount invested based on and subject to certain conditions as set forth in the Prospectus.

Liquidity Event

The investment portfolios of both the National and Québec Class Units will be actively managed in such a way as to preserve the ability to undertake a future liquidity event, such as a rollover into a mutual fund corporation.

The Syndicate

The syndicate of agents for the offering is being led by Scotiabank and includes CIBC World Markets Inc., National Bank Financial Inc., BMO Nesbitt Burns Inc., GMP Securities L.P., Industrial Alliance Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Echelon Wealth Partners Inc., Manulife Securities Incorporated, Raymond James Ltd. and Laurentian Bank Securities Inc.

A copy of the Prospectus can be obtained from any agent.

Offering Jurisdictions

Each of the Provinces and Territories of Canada.

FOR FURTHER INFORMATION, PLEASE CONTACT

Hugh Cartwright, Chairman
MAPLE LEAF FLOW-THROUGH PROGRAMS
Tel: 1-866-688-5750
Email: info@mapleleaffunds.ca
Web: www.MapleLeafFunds.ca

SOURCE: Maple Leaf Short Duration 2018 Flow-Through Limited Partnership National & Quebec Class

ReleaseID: 487407

BALA CYNWYD, PA / ACCESSWIRE / January 30, 2018 / On behalf of the Law office of Brodsky & Smith, LLC, notice is hereby given that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased or otherwise acquired Qudian Inc. (“Qudian” or the “Company”) (NYSE: QD) securities between October 17, 2017 and November 20, 2017, both dates inclusive (the “Class Period”). The class action seeks to recover damages against Defendants for alleged violations of federal securities laws.

Click here to learn more, http://www.brodskysmith.com/cases/qudian-inc-nyse-qd/, or call: 877-534-2590. There is no cost or obligation to you.

Qudian operates online consumer finance platforms in the People’s Republic of China. The Company offers small-sized cash credit products and merchandise credit products.

On or about October 18, 2017, Qudian completed an IPO of its securities, selling over 43 million shares to investors at $24.00 per share for gross proceeds of over $1 billion.

The lawsuit alleges that, that the documents filed in connection with Qudian’s IPO were negligently prepared, contained untrue statements of material fact, and were not prepared in accordance with the rules and regulations governing their preparation. Among other things, the complaints allege that Qudian’s IPO documents failed to disclose that: (1) Qudian engaged into unethical business and accounting practices, (2) Qudian failed to maintain adequate control to ensure the protection and safety of its users’ personal information, and (3) consequently, Qudian was exposing detailed user data to leakages and online resale.

On November 21, 2017, Bloomberg published an article entitled, “Chinese Online Lender Qudian Reportedly Suffers Data Leak Related to Millions of Student Users.” Following that news, shares of the Company’s securities declined to as low as $12.22 per share on November 24, 2017.

If you are a member of the class described above, and suffered a financial loss during the class period, by no later than February 12, 2018 you may seek to be appointed as a lead plaintiff representative of the class. Your ability to share in any recovery does not require that you serve as lead plaintiff.

If you wish to discuss the legal ramifications of the action or have any questions, you may call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/qudian-inc-nyse-qd/, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

ReleaseID: 485814

NEW YORK, NY / ACCESSWIRE / January 30, 2018 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in PayPal Holdings, Inc. (”PayPal” or the ”Company”) (NASDAQ: PYPL) of the February 5, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in PayPal stock or options between February 14, 2017 and December 1, 2017 and would like to discuss your legal rights, click here: www.faruqilaw.com/PYPL.There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to
rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased PayPal common stock between February 14, 2017 and December 1, 2017 (the ”Class Period”). The case, Sgarlata v. PayPal, Holdings, Inc. et al, No. 3:17-cv-06956 was filed on December 6, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failed to disclose that: (1) TIO Networks Corporation (”TIO”), a bill-pay management company acquired by PayPal in July 2017 was unable to safeguard personal information of its users; (2) the vulnerabilities threatened operation of TIO’s platform; (3) Thus, PayPal’s revenues from its TIO services were unsustainable; (4) consequently, PayPal had overstated the benefits of the TIO acquisition; and (5) as a result, PayPal’s public statements were materially false and misleading at all relevant times.

Specifically, on November 10, 2017 PayPal suspended TIO services stating that it had discovered security vulnerabilities on the TIO platform. Then on December 1, 2017, PayPal disclosed that personal information including names, social security numbers, addresses, and bank account details for roughly 1.6 million TIO users had potentially been compromised because of the previously announced security vulnerabilities.

After the announcement, PayPal’s share price fell from $75.30 per share on December 1, 2017 to a closing price of $70.97 on December 4, 2017 – a $4.33 or a 5.75% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding PayPal’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

CONTACT:

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017

Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

SOURCE: Faruqi & Faruqi, LLP

ReleaseID: 487406

NEW YORK, NY / ACCESSWIRE / January 30, 2018 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in OSI Systems, Inc. (“OSI” or the “Company”) (NASDAQ: OSIS) of the February 5, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in OSI stock or options between August 21, 2013 and December 6, 2017 and would like to discuss your legal rights, click here: http://www.faruqilaw.com/OSIS. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased OSI securities between August 21, 2013 and December 6, 2017 (the “Class Period”). The case, Longo v. OSI Systems, Inc., No. 2:17-cv-08841 was filed on December 7, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making materially false and/or misleading statements and/or failing to disclose that: (i) OSI acquired the Albania concession through bribery or other illicit means; (ii) OSI transferred 49% of its project company associated with the Albania concession for consideration of less than $5.00; (iii) OSI engaged in unlawful acts such as improper sales and cash payments to government officials; (iv) these practices caused the Company to be vulnerable to potential civil and criminal liability, and adverse regulatory action; and (v) as a result, OSI’s statements about its business, operations, and prospects, were materially false and/or misleading.

Specifically, on December 6, 2017, Muddy Waters Research published a report (the “Report”) on OSI alleging that there was corruption in the 2013 award of OSI’s Albania concession. The Report also alleges, among other things, that “investigators’ interviews with former employees yielded numerous anecdotes indicating OSIS is rotten to the core,” including “knowledge of improper sales, cash payments to government officials, fraud in a significant contract, and that OSIS had narrowly avoided being debarred from doing business with the U.S. government.”

On this news, OSI’s share price fell from $84.07 per share on December 5, 2017 to a closing price of $59.52 on December 6, 2017-a $24.55 or a 29.20% drop.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding OSI’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

CONTACT:

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017

Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

SOURCE: Faruqi & Faruqi, LLP

ReleaseID: 487405