Monthly Archives: July 2019

IMPORTANT MONDAY DEADLINE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Bloom Energy Corporation and Encourages Investors with Losses In Excess of $50,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 26, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Bloom Energy Corporation (“Bloom Energy” or “the Company”) (NYSE: BE) for violations of the federal securities laws.

Investors who purchased the Company’s shares pursuant to and/or traceable to the Company’s Initial Public Offering in July 2018 (the “IPO”) are encouraged to contact the firm before July 29, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.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.

According to the Complaint, the Company made false and misleading statements to the market. Bloom Energy suffered from significant construction delays, causing system deployments to fall materially. These deployment shortfalls would cause the Company to miss even the low end of its previous guidance. Based on these facts, the Company’s public statements and Registration Statement were false and materially misleading throughout the IPO period. When the market learned the truth about Bloom Energy, investors suffered damages.

Join the case to recover your losses.

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.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 553665

INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Reckitt Benckiser Group plc and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 26, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Reckitt Benckiser Group plc (“Reckitt” or “the Company”) (OTC PINK: RBGLY) 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 American Depository Shares (“ADSs”) between July 28, 2014 and April 9, 2019, inclusive (the ”Class Period”), are encouraged to contact the firm before September 13, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.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 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.

According to the Complaint, the Company made false and misleading statements to the market. Reckitt and its senior executives developed a scheme to mislead both investors and the public about its Suboxone Film product, including health and safety risks. This scheme also facilitated the abuse of opiates by U.S. consumers. As part of the scheme, Reckitt touted the safety of the Suboxone Film product while falsely constructing safety concerns about traditional Suboxone tablets. Reckitt’s scheme enriched the company by more than $3 billion, but eventually resulted in investigations by both the DOJ and the FTC. Reckitt settled the investigations into Suboxone Film for $1.4 billion in what was called the “largest opioid settlement in US history.” Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Reckitt, investors suffered damages.

Join the case to recover your losses.

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.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 553664

EARLY AUGUST DEADLINE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ra Medical Systems, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 26, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Ra Medical Systems, Inc. (“Ra Medical” or “the Company”) (NYSE: RMED) for violations of the federal securities laws.

Investors who purchased the Company’s shares pursuant to and/or traceable to the Company’s Initial Public Offering in September 2018 (the “IPO”) are encouraged to contact the firm before August 6, 2019.

If you are a shareholder who suffered a loss, click here to participate.

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 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.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.

According to the Complaint, the Company made false and misleading statements to the market. Ra Medical’s evaluation of sales candidates and training for those candidates hired were inadequate. The Company failed to ensure that candidates hired for sales positions had sufficient work experience. This resulted in the Company experiencing a shortage of qualified sales personnel. At the same time, the Company experienced problems in increasing catheter production, suffering production delays. Based on the facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Ra Medical, investors suffered damages.

Join the case to recover your losses. Join the case to recover your losses.

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
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com
Brian Schall, Esq.,
Rina Restaino, Esq.,
www.schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 553662

Gary Force Proudly Announces 21st President’s Award for Gary Force Honda of Bowling Green, KY

BOWLING GREEN, KY / ACCESSWIRE / July 26, 2019 / Automotive retail is about procuring the car which best meets the personal or professional needs of a buyer, but many distributors overlook the fact that customer service is the true differentiator in this business segment. Gary Force, the owner of several hugely successful dealerships in the southern United States, realized it from the very start of his 40-year-long career in auto retail, which has allowed him to create an exceptional franchise. The crowning jewel of his operations is Gary Force Honda of Bowling Green, KY, whose receipt of the 2018 President’s Award marks an unprecedented achievement: this is the 21st time the dealership has been honored with the highly coveted award, which is an accomplishment no other Honda distributor in the United States can claim.

Launched in 1995, the President’s Award ranks dealerships according to their overall performance, evaluating their level of excellence in customer service and satisfaction, sales, training initiatives, and facility operation. The program objectives are updated annually to account for the dynamism of the economic environment and inspire dealerships to continually improve customer satisfaction levels. A Honda partner for 40 years, Gary Force has employed the best industry practices to turn the Bowling Green location into the premier choice for car buyers in the area. Not only does the dealership offer the latest vehicles and a full range of related services, but it also maintains a knowledgeable and experienced staff who are highly committed to meeting all customer expectations. “We owe all of our success to our long-term employees. The average tenure for our team is over 11 years, with many over 20 years. We will always strive to treat everyone as we would like to be treated,” says Gary Force Honda president Tim Kanaly.

For the past 30 years, Gary Force has owned another hugely successful operation: the Acura dealership in Tennessee, which offers new and used vehicles, service, and parts to buyers in the Nashville, Brentwood, and Franklin areas. Gary Force Acura is another business which has won accolades for its exceptional dedication to customer service and client satisfaction: it has been named Dealer of Distinction eight times, which is the highest mark of recognition bestowed by Acura. The commitment to outstanding performance has also led to Gary Force Acura being awarded an A+ Better Business Bureau Rating for the past 18 years.

A consummate automotive retail professional, Gary Force is the owner of several dealerships across the southern United States and has dedicated more than 40 years to providing clients with exemplary service. His unwavering focus on quality customer care and the personalized approach employed at his dealerships have resulted in an impressive track record that features numerous prestigious awards. Despite the demands of his professional life, Gary Force remains a pillar of the community, part of his contributions including donations to The Boys & Girls Club of Bowling Green, KY, Western Kentucky University, and First Responders of Florida.

Gary Force – Automotive Retail Professional: http://garyforcenews.com

garyforcehonda (@garyforcehonda) – Twitter: https://twitter.com/garyforcehonda

Gary Force Honda – Home – Facebook: https://www.facebook.com/gary.f.honda/

Contact Information:

Gary Force Honda
2325 Scottsville Road
Bowling Green, KY 42104
877-953-0042
https://www.garyforcehonda.com

SOURCE: Gary Force Honda

ReleaseID: 553667

IRL App Gets Featured by Apple’s App Store

SAN FRANCISCO, CA / ACCESSWIRE / July 26, 2019 / Facebook may have sparked the social media revolution, but it was the launch of Apple’s first iPhone in 2007 that ushered in the mobile age and radically changed the way people communicate, work, and shop. In the years since, this breakthrough device has achieved the status of an iconic product, while Apple has firmly established itself as a disruptor in the consumer electronics market and one of the most valuable brands in the world. It is therefore understandable that mobile application developers measure success by the performance of their creations in The App Store – the digital distribution platform for software products running on Apple’s operating system, iOS. The team behind IRL App is proud to have designed an application that has not only generated great interest but has also been featured by Apple оn its “New Apps We Love” list.

IRL (In Real Life) is a social media tool with a mission, determined to make a difference by promoting offline communication and engagement. While the internet and web communities create the impression of connectedness, research has linked heavy social media use to increased feelings of isolation among young adults. Brian Primack, who led a study by the Center for Research on Media, Technology, and Health (CRMTH) at the University of Pittsburgh School of Medicine, commented in the report, “We are inherently social creatures, but modern life tends to compartmentalize us instead of bringing us together. While it may seem that social media presents opportunities to fill that social void, I think this study suggests that it may not be the solution people were hoping for.”

What IRL App aims to do is harness the power of technology and online connectivity to create real-life experiences. According to the project team, the product “was designed to boost its users’ self-confidence and take away the anxiety and social pressure of inviting friends to hang out” in the physical world. This is a social planning tool that allows people to send and receive invitations to various offline activities, such as seeing a movie, watching or playing sports, and having a meal out. In addition, there is the key advantage of safety because, in contrast to Instagram, Snapchat, or Facebook, IRL App connects only to people included in the phone contacts list. The mission of the project is excellently summarized by Abraham Shafi, co-founder and CEO of IRL, who told CNBC, “Right now, social media is a spectator sport. It’s not making people feel connected. We wanted to be the antidote.”

Conceived by a team with extensive experience in the technology sector, IRL is a mobile app which makes it easy to plan events with friends in real life. Based on interests, location, seasons, and upcoming holidays, users receive suggestions for invites to send. The group of founders includes Abraham Shafi, who sold his HR software startup getTalent to Dice in 2013, and Scott Banister, an early Facebook investor and the first board member of payment processing giant PayPal.

IRL Social Calendar: https://www.irl.com/

IRL social app takes on teen tech addiction – CNBC.com: https://www.cnbc.com/video/2018/02/21/irl-social-app-takes-on-teen-tech-addiction.html

IRL wants to get people together offline | TechCrunch: https://techcrunch.com/2018/06/19/irl-wants-to-get-people-together-offline/

Contact Information:

IRL Social Calendar
https://www.irl.com/
press@irl.co

SOURCE: IRL Social Calendar

ReleaseID: 553658

URGENT DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Mammoth Energy Services, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 26, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Mammoth Energy Services, Inc. (“Mammoth” or “the Company”) (NASDAQ: TUSK) 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 19, 2017 and June 5, 2019, inclusive (the ”Class Period”), are encouraged to contact the firm before August 6, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.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.

According to the Complaint, the Company made false and misleading statements to the market. Mammoth subsidiary Cobra was awarded two infrastructure contracts with PREPA totaling more than $1.8 billion. The contracts were obtained as the result of improper steering and were not awarded on the basis of a competitive RFP process. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Mammoth, investors suffered damages.

Join the case to recover your losses.

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
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com
Brian Schall, Esq.,
www.schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 553660

Berman Tabacco Investigates CannTrust Holdings Inc. and Termination of CEO Peter Aceto

SAN FRANCISCO, CA / ACCESSWIRE / July 26, 2019 / Berman Tabacco (www.bermantabacco.com), a national law firm representing investors, is investigating possible securities law violations in connection with shares of CannTrust Holdings Inc. (“CannTrust” or the “Company”) (NYSE: CTST) purchased in a May 2019 public offering and on the open market.

On May 6, 2019, the Company announced the closing of an underwritten public offering of 36,363,636 common shares at a price to the public of $5.50 per share. The Company sold 30,909,091 common shares in the offering for total gross proceeds to the Company of approximately $170 million.

On June 19, 2019, the Company issued a press release announcing, “that it [was] establishing operations in the United States … starting in the State of California.”

On July 8, 2019, CannTrust disclosed that it “received a compliance report from Health Canada notifying the Company that its greenhouse facility in Pelham, Ontario was non-compliant with certain regulations.” The Company also stated that “Health Canada has placed a hold on inventory which includes approximately 5,200kg of dried cannabis that was harvested in the previously unlicensed rooms in Pelham, until it deems that the Company is compliant with regulations.” In addition, CannTrust “instituted a voluntary hold of approximately 7,500kg of dried cannabis equivalent at its Vaughan manufacturing facility that was produced in the previously unlicensed rooms.” On July 8, 2019, the Company’s share price fell $1.11 (approximately 22%) to close at $3.83 per share.

On July 10, 2019, a lawsuit was filed by another law firm in United States District Court for the Southern District of New York, captioned Huang v. CannTrust Holdings Inc., et al., No. 1:19-cv-06396, against CannTrust and certain senior officers. The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of persons and entities that purchased or otherwise acquired CannTrust securities between November 14, 2018 and July 5, 2019, inclusive.

On July 11, 2019, the Company announced that it had “implemented a voluntary hold on sale and shipment of all cannabis products as a precaution while Health Canada visits and reviews its Vaughan, Ontario manufacturing facility.” The Company also announced the formation of a Special Committee of the Board of Directors “to investigate this matter in its entirety.”

On July 25, 2019, the Company issued a press release announcing that an investigation being undertaken by a special committee of its Board of Directors had “uncovered new information that … resulted in a determination by the Board to terminate with cause CannTrust CEO Peter Aceto.”

Pursuant to the Private Securities Litigation Reform Act of 1995, investors wishing to serve as the lead plaintiff are required to file a motion for appointment with the Court no later than September 9, 2019. If you are a member of the class, you may, no later than September 9, 2019, request that the court appoint you as lead plaintiff for the class.

If you would like more information regarding this investigation, or if you wish to share information about the investigation, you may can find more information here: https://www.bermantabacco.com/case/canntrust-holdings-inc/.

Berman Tabacco is a national law firm representing institutions and individuals in lawsuits, seeking to recoup losses caused by violations of securities and antitrust laws. The firm has 37 lawyers in Boston and San Francisco.

This notice may constitute attorney advertising.

Contacts

Chowning Poppler
cpoppler@bermantabacco.com
(800) 516-9926 or (415) 433-3200

SOURCE: Berman Tabacco

ReleaseID: 553262

INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ideanomics, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 26, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Ideanomics, Inc. (“Ideanomics” or “the Company”) (NASDAQ: IDEX) 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 May 15, 2017 and November 13, 2018, inclusive (the ”Class Period”), are encouraged to contact the firm before September 17, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.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.

According to the Complaint, the Company made false and misleading statements to the market. Ideanomics bottom line performance was adversely impacted by costs associated with constructing the Company’s U.S. infrastructure and hiring a new executive team. Based on this fact, the Company had very little chance to meet its 2018 EBITDA guidance. At the same time, the Company’s margins from its oil trading and consumer electronics businesses were too low to maintain viability. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Ideanomics, investors suffered damages.

Join the case to recover your losses.

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.
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 553657

IMPORTANT DEADLINE NOTICE The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Anheuser-Busch InBev SA/NV and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 26, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Anheuser-Busch InBev SA/NV (“Anheuser-Busch” or “the Company”) (NYSE: BUD) 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 March 1, 2018 and October 24, 2018, inclusive (the ”Class Period”), are encouraged to contact the firm before August 20, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.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.

According to the Complaint, the Company made false and misleading statements to the market. Anheuser-Busch’s cost-cutting measures had been implemented to the greatest extent possible. At the same time, key emerging markets suffered from currency devaluation and cost inflation, negatively impacting the Company’s margins. In a variety of key markets, the Company suffered from lower growth than expected. In fact, Anheuser-Busch would not be able to maintain its current dividend while still meeting deleveraging targets, and it was at risk of a credit downgrade. The Company filed false and misleading disclosures to the SEC including on liquidity and working capital, and risk factors the Company was experiencing. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Anheuser-Busch, investors suffered damages.

Join the case to recover your losses.

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.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 553652

SHAREHOLDER DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Fred’s Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 26, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Fred’s Inc. (“Fred’s” or “the Company”) (NASDAQ: FRED) 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 December 20, 2016 and June 28, 2017, inclusive (the ”Class Period”), are encouraged to contact the firm before August 27, 2019.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.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.

According to the Complaint, the Company made false and misleading statements to the market. Fred’s entered into an agreement with Walgreens and Rite Aid Corp. to purchase 865 Rite Aid stores as a part of a merger plan between Walgreens and Rite Aid. The Company downplayed regulatory risk and disputed reports in the media that the merger was facing trouble. Fred’s also represented that it had inside information from the FTC that the Walgreens deal would close. Walgreens and Rite Aid announced on June 29, 2017, that they had terminated their merger plans, including the store sale to Fred’s. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Fred’s, investors suffered damages.

Join the case to recover your losses.

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.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 553650