Monthly Archives: December 2019

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of ADMS, REAL and BAX

NEW YORK, NY / ACCESSWIRE / December 17, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

Adamas Pharmaceuticals, Inc. (NASDAQGM:ADMS)

Investors Affected : August 8, 2017 – September 30, 2019

A class action has commenced on behalf of certain shareholders in Adamas Pharmaceuticals, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) health insurers were excluding Adamas's primary product, GOCOVRI, from their prescription formularies or requiring patients to use "step therapy" – i.e., making patients try immediate-release amantadine prior to covering GOCOVRI; (2) the rapid increase in physicians prescribing GOCOVRI during the Class Period was not due to its efficacy; and (3) as a result of the foregoing, the Company's financial statements about Adamas's business, operations, and prospects were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/adamas-pharmaceuticals-inc-loss-submission-form/?id=4932&from=1

The RealReal, Inc. (NASDAQ:REAL)

Investors Affected : all persons and entities who purchased RealReal common stock pursuant and/or traceable to the Company's registration statement issued in connection with the Company's June 27, 2019 initial public offering.

A class action has commenced on behalf of certain shareholders in The RealReal, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's employees received little training on how to spot fake items; (2) the Company's strict quotas on its employees exacerbated product authentication issues; (3) consequently, the potential for counterfeit or mislabeled items to make it through Company's authentication process was higher than disclosed; and (4) as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/the-realreal-inc-loss-submission-form/?id=4932&from=1

Baxter International Inc. (NYSE:BAX)

Investors Affected : February 21, 2019 – October 23, 2019

A class action has commenced on behalf of certain shareholders in Baxter International Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) certain intra-Company transactions, undertaken for the purpose of generating foreign exchange gains and losses, used foreign exchange rate conventions that were not in accordance with GAAP and enabled intra-Company transactions to be undertaken after the related exchange rates were already known; (2) the Company lacked effective internal control over financial reporting; (3) as a result, the Company's financial statements were misstated and would likely require correction or amendment; (4) due to the Company's internal investigation, Baxter would not be able to file its quarterly report for the period ending September 30, 2019, with the SEC on Form 10-Q in a timely manner; and (5) as a result of the foregoing, Defendants' statements about the Company's business and operations lacked a reasonable basis.

Shareholders may find more information at https://securitiesclasslaw.com/securities/baxter-international-inc-loss-submission-form/?id=4932&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

ReleaseID: 570587

Justin Williams Laser Speaks Out Against Developer “Crunch Time”

AUSTIN, TX / ACCESSWIRE / December 17, 2019 / It's an all-too-common scenario in the world of video game development: for months on end, developers will put in massive amounts of hours, culminating in the last few months before release-or, the "crunch"-wherein it's not an uncommon sight to find a weary developer sleeping in their office for the third night in a row. This isn't a problem that plagues only smaller developers, Justin Williams Laser tells us, in fact, it's mostly well-known developers of AAA titles that have made the concept of crunch time so prolific.

The Proliferation of Crunch Time

"Crunch time is a concept that has taken root in the culture of game development," Justin Williams Laser tells us, "that seems to not be going anywhere, despite the recent public outcry surrounding it." Indeed, as Justin Williams Laser attests, crunch time is receiving more public attention than in previous years: there have been multiple exposés surrounding high-profile game companies, such as Rockstar, developer of the popular Grand Theft Auto series of video games.

The article, posted by Kotaku in 2018, describes the "crunch" culture of Rockstar, including mandatory overtime and up to 80 hour work weeks during peak crunch. It wasn't always this way: as described in the article, mandatory overtime wasn't instated until 2017, and the length of the workweeks is usually directly proportional to how close to launch the game is. "This is the dangerous aspect behind the concept of crunch culture", Justin Williams Laser explains, "it seems justified at the time, but once a company sees that it can squeeze more out of its employees, a lot of times it's hard for them to go back."

How We Can Stop Crunch Time

Of course, Rockstar isn't the only company accused of taking advantage of crunch. The problem is industry-wide, with big names such as EA, Epic Games, and even Nintendo being called out on harsh working conditions. These sorts of accusations are nothing new, Justin Williams Laser points out: as far back as 2011, you can find articles detailing video game crunch time and postulating how companies can treat their employees better while retaining the quality of their product.

However, with the recent wave of companies being called out on their working conditions, it seems development teams are taking note. More games are being delayed by developers for the benefit of the mental and physical health of their employees, and it seems as though the public is more than understanding. Justin Williams Laser points out one specific recent instance of Nintendo delaying the release of a new game in the Animal Crossing series in order to preserve their employee's work/life balance and avoid crunch time.

In Justin Williams Laser's opinion, this is a step in the right direction, but the industry still has a long way to go. Historically, development teams have been notoriously un-unionized. A recent poll of game developers, published in January 2019, revealed more than half of them were in favor of unionization. Unionizing would undoubtedly help combat poor working conditions, but at the end of the day, says Justin Williams Laser, it's up to the management of these high-profile companies to ensure the health and well-being of their employees.

CONTACT:

Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Web Presence, LLC

ReleaseID: 570583

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of UNIT, UA and TIGR

NEW YORK, NY / ACCESSWIRE / December 17, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Uniti Group Inc. (NASDAQGS:UNIT)
Class Period: April 20, 2015 to February 15, 2019
Lead Plaintiff Deadline: December 30, 2019

According to the complaint, Uniti Group Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Uniti's financial results were not sustainable because its customer Windstream had defaulted on its unsecured notes; and (ii) as a result of the foregoing, Defendants' statements about Uniti's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in UNIT: http://www.kleinstocklaw.com/pslra-1/uniti-group-inc-loss-submission-form?id=4930&from=1

Under Armour, Inc. (NYSE:UA)
Class Period: August 3, 2016 to November 1, 2019
Lead Plaintiff Deadline: January 6, 2020

The UA lawsuit alleges that throughout the class period, Under Armour, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Under Armour shifted sales from quarter to quarter to appear healthier, including to keep pace with their long-running year-over-year 20% net revenue growth; (2) undisclosed to the investing public, the Company had been under investigation by and cooperating with the U.S. Department of Justice and U.S. Securities and Exchange Commission since at least July 2017; and (3) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Learn about your recoverable losses in UA: http://www.kleinstocklaw.com/pslra-1/under-armour-inc-loss-submission-form?id=4930&from=1

UP Fintech Holding Limited (NASDAQ:TIGR)
Class Period: all persons and entities that purchased or otherwise acquired: (a) Fintech American Depository Shares pursuant and/or traceable to the Company's initial public offering conducted on or about March 20, 2019; or (b) Fintech securities between March 20, 2019 and May 16, 2019.
Lead Plaintiff Deadline: January 6, 2020

The TIGR lawsuit alleges that UP Fintech Holding Limited made materially false and/or misleading statements and/or failed to disclose that: (i) Fintech was experiencing a material decrease in commissions because of a negative trend related to risk-averse investors in the market; (ii) Fintech was unable to absorb costs associated with the rapid growth of its business and its status as a publicly listed company on a U.S. exchange; (iii) Fintech was incurring significant additional expenses related to, inter alia, employee headcount and employee compensation and benefits; (iv) all of the foregoing had led to Fintech significantly increasing operating costs and expenses; and (v) as a result, the documents filed by the Company in connection with the initial public offering were materially false and/or misleading and failed to state information required to be stated therein, and the Company's Class Period statements were likewise materially false and/or misleading.

Learn about your recoverable losses in TIGR: http://www.kleinstocklaw.com/pslra-1/up-fintech-holding-limited-loss-submission-form?id=4930&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 570578

TALLGRASS ENERGY, LP SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

WILMINGTON, DE / ACCESSWIRE / December 17, 2019 / Rigrodsky & Long, P.A.:

Do you own shares of Tallgrass Energy, LP (NYSE:TGE)? 
Did you purchase any of your shares prior to December 17, 2019?
Do you think the proposed buyout is fair?
Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors Tallgrass Energy, LP ("Tallgrass" or the "Company") (NYSE:TGE) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by affiliates of Blackstone Infrastructure Partners (the "Buyers"). Shareholders of Tallgrass Class A common stock will receive $22.45 in cash for each share of Tallgrass they own.

If you own common stock of Tallgrass and purchased any shares before December 17, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at info@rl-legal.com, or at https://www.rigrodskylong.com/offices-contact.

Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT: 

Rigrodsky & Long, P.A.

Seth D. Rigrodsky

Gina M. Serra

(888) 969-4242

(302) 295-5310

Fax: (302) 654-7530

info@rl-legal.com 

http://www.rigrodskylong.com

SOURCE: Rigrodsky & Long, P.A.

ReleaseID: 570577

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of AZZ, MMSI and AFI

NEW YORK, NY / ACCESSWIRE / December 17, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Azz, Inc. (NYSE:AZZ)
Class Period: July 3, 2018 to October 8, 2019
Lead Plaintiff Deadline: January 3, 2020

During the class period, Azz, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company's internal controls over financial reporting were not effective; (2) the Company improperly implemented ASC 606 which resulted in improper revenue reconciliations; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Learn about your recoverable losses in AZZ: http://www.kleinstocklaw.com/pslra-1/azz-inc-loss-submission-form?id=4929&from=1

Merit Medical Systems, Inc. (NASDAQ:MMSI)
Class Period: February 26, 2019 to October 30, 2019
Lead Plaintiff Deadline: February 3, 2020

The complaint alleges that throughout the class period Merit Medical Systems, Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) the integrations of acquired companies Cianna Medical, Inc. and Vascular Insights, LLC, including their products, sales people, and R&D facilities, had caused operational disruptions and reduced sales and were months behind schedule; (b) sales of acquired company products had slowed substantially due to pre-acquisition pipeline fill, in particular for Vascular Insights products which, as late as July 2019, had zero orders during FY19; and (c) in light of the foregoing, the Company's reported financial guidance for FY19 and FY20 was made without a reasonable basis.

Learn about your recoverable losses in MMSI: http://www.kleinstocklaw.com/pslra-1/merit-medical-systems-inc-loss-submission-form?id=4929&from=1

Armstrong Flooring, Inc. (NYSE:AFI)
Class Period: March 6, 2018 to November 4, 2019
Lead Plaintiff Deadline: January 14, 2020

According to the complaint, Armstrong Flooring, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company had engaged in channel stuffing to artificially boost sales; (2) the Company's internal control over inventory levels was not effective; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis

Learn about your recoverable losses in AFI: http://www.kleinstocklaw.com/pslra-1/armstrong-flooring-inc-loss-submission-form?id=4929&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 570575

CLASS ACTION UPDATE for TEUM, ZEN and GRUB: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / December 17, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

TEUM Shareholders Click Here: https://www.zlk.com/pslra-1/pareteum-corporation-loss-form?prid=4928&wire=1
ZEN Shareholders Click Here: https://www.zlk.com/pslra-1/zendesk-inc-loss-form?prid=4928&wire=1
GRUB Shareholders Click Here: https://www.zlk.com/pslra-1/grubhub-inc-loss-form?prid=4928&wire=1

* ADDITIONAL INFORMATION BELOW *

Pareteum Corporation (NASDAQ:TEUM)

TEUM Lawsuit on behalf of: investors who purchased December 14, 2017 – October 21, 2019
Lead Plaintiff Deadline : December 23, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/pareteum-corporation-loss-form?prid=4928&wire=1

According to the filed complaint, during the class period, Pareteum Corporation made materially false and/or misleading statements and/or failed to disclose that: (a) it was not true that the Company's purported success was the result of hyper-demand for Pareteum's unique products or exceptional service, or the Company's competent management; but, in fact, Defendants had propped up the Company's results by manipulating Pareteum's accounting for revenues, income, and the important Backlog metric; (b) Defendants had materially overstated the Company's profitability by failing to properly account for the Company's results of operations and by artificially inflating the Company's financial results; (c) it was not true that Pareteum contained even the most minimally adequate systems of internal operational or financial controls necessary to assure that Pareteum's reported financial statements were true, accurate, and/or reliable; (d) as a result, it also was not true that the Company's financial statements and reports were prepared in accordance with GAAP and SEC rules; and (e) as a result of the aforementioned adverse conditions, Defendants lacked any reasonable basis to claim that Pareteum was operating according to plan, or that Pareteum could achieve the guidance sponsored and/or endorsed by Defendants.

Zendesk, Inc. (NYSE:ZEN)

ZEN Lawsuit on behalf of: investors who purchased February 6, 2019 – October 1, 2019
Lead Plaintiff Deadline : December 23, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/zendesk-inc-loss-form?prid=4928&wire=1

According to the filed complaint, during the class period, Zendesk, Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) Zendesk's clients had been subject to data breaches dating back to 2016; (b) Zendesk was experiencing slowing demand for its Software as a Service offerings, particularly in Germany, the United Kingdom, and Australia, due in large part to political uncertainty and China trade issues there; and (c) as a result of the foregoing, Zendesk's business metrics and financial prospects were not as strong as defendants had led the market to believe during the Class Period.

Grubhub Inc. (NYSE:GRUB)

GRUB Lawsuit on behalf of: investors who purchased July 30, 2019 – October 28, 2019
Lead Plaintiff Deadline : January 20, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/grubhub-inc-loss-form?prid=4928&wire=1

According to the filed complaint, during the class period, Grubhub Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) customer orders were actually declining, despite the massive investments that the Company had made to spur demand for and use of its platform; (ii) Grubhub's new customer additions were generating significantly lower revenues as compared to historic cohorts because these customers were more prone to using competitor platforms; (iii) Grubhub's vaunted business model under which it secured exclusive partnerships had failed, and Grubhub needed to engage in the same aggressive nonpartnered sales tactics embraced by its competitors to generate significant revenue growth; (iv) Grubhub was required to spend substantial additional capital in order to grow revenues and retain market share in the face of heightened competitive dynamics and market saturation, eviscerating the Company's profitability; and (v) Grubhub was tracking tens of millions of dollars below its revenue and earnings guidance and such guidance lacked any reasonable basis.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 570574

CLASS ACTION UPDATE for INFY, TWTR and YJ: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / December 17, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

INFY Shareholders Click Here: https://www.zlk.com/pslra-1/infosys-limited-loss-form?prid=4927&wire=1
TWTR Shareholders Click Here: https://www.zlk.com/pslra-1/twitter-inc-loss-form?prid=4927&wire=1
YJ Shareholders Click Here: https://www.zlk.com/pslra-1/yunji-inc-loss-form?prid=4927&wire=1

* ADDITIONAL INFORMATION BELOW *

Infosys Limited (NYSE:INFY)

INFY Lawsuit on behalf of: investors who purchased July 7, 2018 – October 20, 2019
Lead Plaintiff Deadline : December 23, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/infosys-limited-loss-form?prid=4927&wire=1

According to the filed complaint, during the class period, Infosys Limited made materially false and/or misleading statements and/or failed to disclose that: (1) the Company improperly recognized revenues to inflate short-term profits; (2) Chief Executive Officer Salil Parekh bypassed reviews and approvals for large deals to avoid accounting scrutiny; (3) management pressured the Company's finance team to hide information from auditors and the Company's Board of Directors; and (4) as a result of the aforementioned misconduct, Defendants' statements about Infosys's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

Twitter, Inc. (NYSE:TWTR)

TWTR Lawsuit on behalf of: investors who purchased August 6, 2019 – October 23, 2019
Lead Plaintiff Deadline : December 30, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/twitter-inc-loss-form?prid=4927&wire=1

The filed complaint alleges that defendants engaged in a scheme to deceive the market and a course of conduct that artificially inflated Twitter's common share price and operated as a fraud or deceit on purchasers of Twitter common stock by misrepresenting the Company's operating condition and future business prospects. The scheme was perpetrated by making positive statements about Twitter's business while defendants knew, or disregarded with deliberate recklessness, certain adverse facts. When defendants' prior misrepresentations were disclosed and became apparent to the market, the price of Twitter's common stock fell precipitously.

Yunji Inc. (NASDAQ:YJ)

YJ Lawsuit on behalf of: investors who purchased on behalf of shareholders who purchased or otherwise acquired Yunji American Depositary Shares pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's May 2019 initial public offering.
Lead Plaintiff Deadline : January 13, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/yunji-inc-loss-form?prid=4927&wire=1

According to the filed complaint, (1) the Company was shifting certain of its sales to its marketplace platform; (2) this supply chain restructuring was likely to disrupt Yunji's relationships with suppliers; (3) this supply chain restructuring was likely to have an adverse impact on the Company's financial results; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 570572

ROOM8 App Receives Funding to Empower Millennial and Gen Z Renters

The premier mobile app solving rental woes receives venture funding to expand reach

SAN FRANCISCO, CA / ACCESSWIRE / December 17, 2019 / Today, ROOM8, a data company optimizing co-living through roommate matching and apartment search services, has announced initial funding and plans for expansion to include new hires and increased platform capabilities.

A byproduct of the CSAA Insurance Group's Innovation initiative, ROOM8 is led by co-founders Jessica Chen, Alexis Valerio, and Dan Mathews. The team is working to build a more comprehensive alternative to the myriad of apps and websites Millennial and Gen Z renters have had to traditionally rely on when beginning their rental journey.

The first-of-its-kind-platform uses a proprietary roommate-matching algorithm to connect users, recommend rentals, and meet rising trends in co-living. Similar to a dating app, the iOS and Android mobile app recommends compatible roommates at no cost to users. The app allows users to browse potential roommate profiles, safely and securely video-chat with other users, review a real-time inventory of apartments and schedule tours with landlords.

"We're using technology to solve two of the biggest problems Millennial and Gen Z renters face today: putting nearly half of their income toward rent while balancing enormous student debt, and the sheer lack of solutions to address all of their unique rental needs," said Chen, CEO at ROOM8. "It can take months to find the right place and roommate, and even then, there can be more hoops to jump through before move-in. ROOM8 is solving these issues by streamlining the process and finding compatible roommates to help cut rent in half."

With plans to launch additional services in the coming year, ROOM8 has already found support from powerful investment partners who share the startup's vision for improving fair and equitable access to affordable financial tools to Millennial and Gen Z renters globally. ROOM8 has raised venture funding from Storm Ventures, Avanta Ventures, Alpana Ventures, and Plug and Play Ventures. In addition to broadened capabilities, ROOM8 also plans to make key hires in both Scottsdale, Arizona, and San Francisco, California.

"Storm Ventures is excited to partner with ROOM8 as they create co-living solutions for their customers," said Tae Hea Nahm, co-founding Managing Director at Storm Ventures. "Their team is addressing a quickly changing housing and financial culture, and with this new capital, we believe ROOM8 is well-positioned to support a new era of co-living," adds Frederik Groce, a Senior Associate at Storm Ventures.

"Investing in ROOM8 reflects our commitment to improving lives through data and AI, enabling people to find safe and secure housing," said Sanjiv Parikh, Managing Partner at Avanta Ventures. "Avanta Ventures invests in technologies that transform the customer experience, and our partnership with ROOM8 is a prime example."

For more information about ROOM8, visit ROOM8.io.​

About ROOM8

ROOM8 is a data-driven company with an AI heart, helping Millennial and Gen Z renters on their path to the perfect rental. We've put our signature roommate-matching technology to work, streamlining the rental experience and improving fair and equitable access to affordable financial tools. Matching with roommates and discovering the ideal home from our highly curated inventory of rentals has never been easier. Without hoops or hassles, ROOM8 has taken the stress out of finding your next home, letting renters start living better lives sooner. For more information about ROOM8, visit us at ROOM8.io.

SOURCE: ROOM8, Inc.

ReleaseID: 570568

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Tallgrass Energy, LP is Fair to Shareholders

NEW YORK, NY / ACCESSWIRE / December 17, 2019 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Tallgrass Energy, LP ("Tallgrass" or the "Company") (NYSE:TGE) stock prior to December 17, 2019.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Tallgrass to affiliates of Blackstone Infrastructure Partners and affiliates of Enagas, GIC, NPS and USS (collectively the "Blackstone Affiliates"). Under the terms of the agreement, the Blackstone Affiliates will acquire all of the publicly-held outstanding Class A Shares of Tallgrass for $22.45 in cash per Class A Share. To learn more about the action and your rights, go to:

https://www.zlk.com/mna/tallgrass-energy-lp

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The Tallgrass merger investigation concerns whether the Board of Tallgrass breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether the Blackstone Affiliates are underpaying for Tallgrass shares, thus unlawfully harming Tallgrass shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 570571

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of CGC, ET and FCAU

NEW YORK, NY / ACCESSWIRE / December 17, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Canopy Growth Corporation (NYSE:CGC)
Class Period: June 21, 2019 to November 13, 2019
Lead Plaintiff Deadline: January 20, 2020

During the class period, Canopy Growth Corporation allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing weak demand for its softgel and oil products; (2) as a result, the Company would be forced to take a CA$32.7 million restructuring charge due to poor sales, excessive returns, and excess inventory; and (3) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Learn about your recoverable losses in CGC: http://www.kleinstocklaw.com/pslra-1/canopy-growth-corporation-loss-submission-form?id=4926&from=1

Energy Transfer LP (NYSE:ET)
Class Period: February 25, 2017 to November 11, 2019
Lead Plaintiff Deadline: January 20, 2020

Energy Transfer LP allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Energy Transfer's permits to conduct the Mariner East pipeline project in Pennsylvania were secured via bribery and/or other improper conduct; (ii) the foregoing misconduct increased the risk that the Partnership and/or certain of its employees would be subject to government and/or regulatory action, thereby depreciating the Partnership's unit value; and (iii) as a result, the Partnership's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in ET: http://www.kleinstocklaw.com/pslra-1/energy-transfer-lp-loss-submission-form?id=4926&from=1

Fiat Chrysler Automobiles N.V. (NYSE:FCAU)
Class Period: February 26, 2016 to November 20, 2019
Lead Plaintiff Deadline: January 31, 2020

Throughout the class period, Fiat Chrysler Automobiles N.V. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company employed a bribery scheme to obtain favorable terms in its collective bargaining agreement with United Automobile, Aerospace and Agricultural Implement Workers of America; (2) high-ranking Fiat officials were aware of and authorized the scheme; and (3) as a result, Defendants' statements about Fiat's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

Learn about your recoverable losses in FCAU: http://www.kleinstocklaw.com/pslra-1/fiat-chrysler-automobiles-n-v-loss-submission-form?id=4926&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

ReleaseID: 570567