Monthly Archives: January 2020

Success Through Creative Solutions: Axenic Co-Founder Comments on Internet Marketing and Branding

SEATTLE, WA / ACCESSWIRE / January 28, 2020 / With the advent of the internet and social media, there came new ways of doing business. The internet revolutionized marketing. Today, any entrepreneur can reach markets world over. However, the advent of internet marketing and branding brought with it the need for more advanced strategies and better-equipped marketers. Now, more than ever the marketing industry is facing a dramatic increase in the need for creative solutions experts and agencies.

Ariya Behjat, the CEO and co-founder at Axenic, is just one of the entrepreneurs who have learned the importance of internet marketing. More and more people today are losing faith in the traditional way of working to earn a living. They are taking to the internet to seek financial freedom, and they are getting it. Ariya dropped out halfway only to make it big in the entrepreneurial world through design-thinking. The designer, freelancer, and photographer's influence got hugely inspired by the fact that he grew up in Dubai at a time of its climatic social and design change.

At only 22, Ariya was a self-made global photographer being the only one to afford a studio on Columbus Street in San Francisco. Having zero connections and no means to fulfill his dreams, he became self-taught in all matters, branding, and marketing. Here are some of his comments on the same.

Axenic and Their Take on Marketing

In 2015, Axenic was brought to life by Lewk and Ariya merged their services. Since then, they have been creating and empowering brands while strategizing the best opportunities for investors in their community. As the CEO and co-founder, Ariya is responsible for; producing high-quality design solutions across all channels; partnering with businesses and external vendors and coordinating operations; mentoring, and guiding the design team while developing concepts, handing off, and executing. When asked how he felt about being part of the creative agency, this was his reply, 'Being part of Axenic is fantastic! With Axenic, I get to Impact global trends throughout communities, and discover opportunities to innovate and give back.'

Axenic has its operations in Los Angeles, Monte Carlo, Dubai, and Milan, with only 16 employees. They would not be where they are without excellent creative marketing. At Axenic, they believe that if they are not disrupting the market, even at the smallest scale, they are doing marketing wrong.

Branding

To cultivate a brand, Axenic believes in identifying a company's purpose, rather than its position in the market. A purpose-driven brand will show how a company plans to impact the world positively. It should bring customers and culture together. With no purpose, a brand would lack authenticity, which would make the business just another competitor and not a disruptor. A purpose-led brand is guaranteed to succeed. The company's purpose is what makes a brand relevant and necessary to its customers. That purpose should be the company's main focus and should inform every business decision they make. Companies that abandon their core purpose for scale and increase revenue always lose. Today, customers are not only interested in quality products and fair prices, and they want to buy from companies that have a purpose they relate to and are in line with their values and beliefs.

The Vision

'Our vision for Axenic is to automate our creative side and expand more on our global investor network. We have learned that we are the connecting bridge between some businesses and investors. Our global presence helps us give investors opportunities to explore promising startups, products, and entertainers that are relevant to them. That also helps the receiving end with automatic global exposure.' Ariya continues to say, "While this is happening on a small scale today, we made plans to start independent branches in education, community service, and urban architecture, providing a platform for different communities to develop their surroundings with our help and the help of their peers.'

Even after not being a good student in school until college, Ariya has a dream to change how education works. He plans to do so by designing an auxiliary program that will raise makers and producers, Visionera. Through Visionera Ventures, he has empowered education and technology innovators to collaborate, progress, and redefine the scope of learning for the future.

CONTACT: 

Company Name: Axenic
Name: Ariya Behjat
Keyodo@certifiedrepublic.com

SOURCE: Axenic

ReleaseID: 574394

Mosaic Announces Indefinite Idling of the Colonsay Mine and Related Charges in the Fourth Quarter of 2019

The Company to Impair Phosphates Segment Goodwill

TAMPA, FL / ACCESSWIRE / January 28, 2020 / The Mosaic Company (NYSE:MOS) today announced that it intends to keep its Colonsay potash mine idled for the foreseeable future. The mine will be placed in care and maintenance mode, employing minimal staff and allowing for resumption of operations when needed to meet customers' needs.

"The ramping up of our Esterhazy K3 production combined with continued weak demand in North America has left Mosaic's potash business with excess inventory and production capacity. This decision will regrettably impact employees, but allows us to optimize our Canadian production assets and improve our cost position in a competitive market," said President and CEO Joc O'Rourke. "In 2020, we continue to expect robust global fertilizer demand and strong business conditions."

The idling will result in a fourth quarter 2019 pretax charge of approximately $530 million, primarily noncash charges for asset write-offs, and inclusive of cash severance charges of $15 million to $20 million. The write-off is principally the carrying value of the 2013 expansion project, which increased Colonsay's operating capacity to 2.1 million tonnes. Colonsay has been operating with a modified 1.5 million tonnes capacity since 2016, and the company does not expect to use the expansion capacity for the foreseeable future.

These same market conditions that impacted potash, primarily a third consecutive weak application season in North America, also impacted Phosphates. Average realized phosphate price continued to decline in the fourth quarter of 2019, impacting the annual goodwill impairment analysis and leading the company to expect a write-off of up to $590 million of Phosphates segment goodwill. The company plans to treat charges related to the idling or changes in goodwill balances as notable items.

About The Mosaic Company

The Mosaic Company is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single-source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the anticipated benefits or strategic plans and other statements about anticipated future financial, production and operating performance. Such statements are based upon the current beliefs and expectations of The Mosaic Company's management and are subject to significant risks and uncertainties. These risks and uncertainties include, but are not limited to: difficulties with realization of the benefits of our strategic plans; actual costs of various items differing from management's current estimates, price and demand volatility for our Potash and Phosphate products, other changes in market conditions, changes in weather conditions; changes in farmers' planting patterns; accidents and disruptions, including potential mine fires, floods, explosions, seismic events, sinkholes or releases of hazardous or volatile chemicals; changes in foreign currency and exchange rates; international trade risks and other risks associated with Mosaic's international operations, changes in government policy, changes in environmental and other governmental regulation, as well as other risks and uncertainties reported from time to time in The Mosaic Company's reports filed with the Securities and Exchange Commission. Actual results may differ from those set forth in the forward-looking statements.

Media

Ben Pratt
The Mosaic Company
813-775-4206
benjamin.pratt@mosaicco.com

Investors

Laura Gagnon
The Mosaic Company
813-775-4214
investor@mosaicco.com

SOURCE: The Mosaic Company via EQS Newswire

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SHAREHOLDER ALERT: FCAU BZUN QD: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

NEW YORK, NY / ACCESSWIRE / January 28, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/fiat-chrysler-automobiles-n-v-loss-submission-form?prid=5370&wire=1
Lead Plaintiff Deadline: January 31, 2020
Class Period: February 26, 2016 to November 20, 2019

Allegations against FCAU include 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.

Baozun Inc. (NASDAQ:BZUN)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/baozun-inc-loss-submission-form?prid=5370&wire=1
Lead Plaintiff Deadline: February 10, 2020
Class Period: Baozun American Depository Receipts between March 6, 2019 and November 20, 2019

Allegations against BZUN include that: (a) Baozun was heavily reliant upon a single brand partner, Huawei, for the exponential service fee growth it had been reporting historically, which was in turn fueling its historical revenue growth; (b) compared to other brands Baozun had as brand partners, the Huawei work had historically included a lot of additional add-on service fees, increasing the revenue reported from Huawei vis-a-via its other brand partners; (c) Huawei, like other large brands, was actively preparing to bring its online merchandising in-house, meaning Baozun knew that it was losing a significant brand partner; and (d) as a result of the foregoing, the Company was not on track to achieve the financial results and performance Defendants claimed the Company was on track to achieve during the class period.

Qudian Inc. (NYSE:QD)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/qudian-inc-loss-submission-form?prid=5370&wire=1
Lead Plaintiff Deadline: March 23, 2020
Class Period: December 13, 2018 to January 15, 2020

Allegations against QD include that: (i) regulatory developments in China threatened to negatively impact Qudian's fiscal full year 2019 ("FY19") financial results; (ii) Qudian's business was unprepared to mitigate the risks associated with these regulatory changes; (iii) as a result, Qudian's loan portfolio was plagued by growing delinquency rates; (iv) all of the foregoing made Qudian's repeated assertions concerning its FY19 financial guidance unrealistic; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong

ReleaseID: 574391

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Grand Canyon Education, Inc. (LOPE)

NEW YORK, NY / ACCESSWIRE / January 28, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Grand Canyon Education, Inc. ("Grand Canyon" or the Company") (NASDAQ:LOPE). Investors who purchased Grand Canyon securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/lope.

The investigation concerns whether Grand Canyon and certain of its officers and/or directors have violated federal securities laws.

On January 28, 2020, the investment analyst Citron Research ("Citron") issued a report on Grand Canyon Education entitled "GCE, the Educational Enron." The Citron report alleged that Grand Canyon was improperly using a "captive, non-reporting subsidiary to hide its liabilities," thereby "artificially inflat[ing] the [company's] stock price." On this news, Grand Canyon's stock price fell sharply during intraday trading on January 28, 2020.

If you are aware of any facts relating to this investigation, or purchased Grand Canyon shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/lope. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

ReleaseID: 574390

SHAREHOLDER ALERT: Monteverde & Associates PC is Investigating the Following Merger

NEW YORK, NY / ACCESSWIRE / January 28, 2020 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating:

LogMeIn, Inc. (NASDAQ:LOGM) relating to its sale to Logan Parent, LLC. Under the terms of the Merger, each share of LOGM common stock will be converted into the right to receive $86.05 in cash for each LOGM common stock owned. Click here for more information: https://www.monteverdelaw.com/case/logmein-inc. It is free and there is no cost or obligation to you.
IBERIABANK Corporation (NASDAQ:IBKC) related to its sale to First Horizon National Corporation. Under the terms of the merger agreement, each share of IBKC common stock will be converted into the right to receive 4.584 shares of First Horizon common stock for each IBKC common stock owned. Click here for more information: https://www.monteverdelaw.com/case/iberiabank-corporation. It is free and there is no cost or obligation to you.
Instructure, Inc (NYSE:INST) related to its sale to PIV Purchaser, LLC. Under the terms of the Merger, each share of Instructure common stock will automatically be converted into the right to receive $47.60 in cash for each share of Instructure common stock owned. Click here for more information: https://www.monteverdelaw.com/case/instructure-inc. It is free and there is no cost or obligation to you.
 

About Monteverde & Associates PC

Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct. Mr. Monteverde, who leads the legal team at the firm, has been recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019 an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2019 Top Rated Lawyer.

If you own common stock in any of the above listed companies and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

Contact:

Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341

Attorney Advertising. (C) 2020 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

SOURCE: Monteverde & Associates PC

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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Haynes International, Inc.- HAYN

NEW YORK, NY / ACCESSWIRE / January 28, 2020 / Levi & Korsinsky announces it has commenced an investigation of Haynes International, Inc. (NASDAQ:HAYN) concerning possible breaches of fiduciary duty. To obtain additional information, go to:

http://www.zlkdocs.com/HAYN-Info-Request-Form-8176

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.

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

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 574384

Rebecca Walser, One of the Top Tier Tax Attorney’s of Today

NEW YORK, NY / ACCESSWIRE / January 28, 2020 / Have you found the economy of today to be very confusing? Do the nuances of the ins and outs of the finance world tend to fly over your head? Do you or the people around you struggle to understand the best strategies for accumulating and maintaining wealth in your lives? Look no further, because we have found the easiest solution to all of your problems. Meet Rebecca Walser, tax attorney.

A TOP 100 Advisor specializing in challenging financial convention, a #1 Bestselling Author, and an expert media commentator, Rebecca works in wealth strategies and financial consulting. Currently a resident of Tampa, Florida, Walser received her JD and LLC (Doctor of Law and Masters of Law) certifications from the University of Florida and New York University shortly after obtaining a bachelor's in Business Finance from the University of South Florida. Well educated and ready for the complicated financial world, Walser has dedicated her life to not only improving her own status but helping other people improve theirs. She shared "I value the freedom that we have in the American economy to access upward social mobility, and I work every day to help my clients and the general public utilize this opportunity."

In 2014, Rebecca started her practice, Walser Wealth Management, a company and consulting agency specializing in shaping strategies to maximize their clients' lifetime wealth while also minimizing their taxes. Through years of dedication and careful planning, Rebecca has been able to grow this national advisory wealth practice, "under the overall umbrella of understanding coming taxation and where wealth should be built." The tag line of Walser Wealth Management is Challenging the Wisdom of Convention, which perfectly describes what Rebecca strives to do every day.

On top of her own company, Walser also does good work to help the general public through a variety of mediums. Her social media pages are home to over 100,000 followers, fans, and people eager to learn from her, and she has very quickly become an Instagram staple for working-class women everywhere. And more tangibly, Walser has gained enormous credibility in the working world. She is a trusted advisor and financial, tax, and market expert commentator for media outlets as big as Fox Business and Yahoo Finance, so don't be surprised if you spot her giving her advice on your television. Also very important to her field, Rebecca was granted a high honor in her niche – making the Investopedia 2018 and 2019 list of TOP 100 Most Influential Advisors in America.

And while all of this may seem like too much to handle for one person, Rebecca doesn't stop there. Her first book, "Wealth Unbroken: Growing Wealth Uninterrupted by Market Crashes, Taxes, and Even Death" was released in 2018 and has since hit #1 bestseller level on Amazon in more than one category. Calling it a "new refreshing approach to a critical subject" and a "roadmap to financial success," critics and fans alike know that what Walser has written is authentic and important.

Rebecca Walser is the answer to anyone's financial or economic needs. A top tier wealth-builder and advisor, she will be your go-to and mentor and is happy to do so. For more information email alexmccurryo@gmail.com.

SOURCE: Rebecca Walser

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SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Correvio Pharma Corp. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 28, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Correvio Pharma Corp. ("Correvio" or "the Company") (NASDAQ:CORV) 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 securities between October 23, 2018 and December 5, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before February 10, 2020.

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. Correvio's resubmission of a New Drug Application ("NDA") for Brinavess did not address significant health and safety issues observed in the Company's first NDA for the drug. The failure to minimize these problems significantly decreased the chances of the FDA approving Brinavess. 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 Correvio, 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: 574378

FINAL DEADLINE APPROACHING: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Baozun Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 28, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Baozun Inc. ("Baozun" or "the Company") (NASDAQ:BZUN) 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 securities between March 6, 2019 and November 20, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before February 10, 2020.

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. One of Baozun's largest brand partners, Huawei, paid it add-on fees other partners did typically not pay, increasing the Company's revenues. This arrangement boosted the Company's revenues in the first half of 2019, only to abruptly drop them as Huawei restructured its online merchandising in the second half of the year. 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 Baozun, 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: 574377

The Gross Law Firm Announces Class Actions on Behalf of Shareholders of MMSI, OPRA and PTLA

NEW YORK, NY / ACCESSWIRE / January 28, 2020 / 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.

Merit Medical Systems, Inc. (NASDAQ:MMSI)

Investors Affected : February 26, 2019 – October 30, 2019

A class action has commenced on behalf of certain shareholders in Merit Medical Systems, Inc. The filed complaint alleges that defendants 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.

Shareholders may find more information at https://securitiesclasslaw.com/securities/merit-medical-systems-inc-loss-submission-form/?id=5369&from=1

Opera Limited (NASDAQ:OPRA)

Investors Affected : (a) Opera American depositary shares pursuant and/or traceable to the Company's initial public offering commenced on or about July 27, 2018 and/or (b) Opera securities between July 27, 2018 and January 15, 2020,

A class action has commenced on behalf of certain shareholders in Opera Limited. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Opera's sustainable growth and market opportunity for its browser applications was significantly overstated; (ii) Defendants' funded, owned, or otherwise controlled loan services applications and/or businesses relied on predatory lending practices; (iii) all the foregoing, once revealed, were reasonably likely to have a material negative impact on Opera's financial prospects, especially with respect to its lending applications' continued availability on the Google Play Store; and (iv) as a result, the Offering Documents and Defendants' statements were materially false and/or misleading and failed to state information required to be stated therein.

Shareholders may find more information at https://securitiesclasslaw.com/securities/opera-limited-loss-submission-form/?id=5369&from=1

Portola Pharmaceuticals, Inc. (NASDAQ:PTLA)

Investors Affected : November 5, 2019 – January 9, 2020

A class action has commenced on behalf of certain shareholders in Portola Pharmaceuticals, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Portola's internal control over financial reporting regarding reserve for product returns was not effective; (2) Portola was shipping longer-dated product with 36-month shelf life; (3) Portola had not established adequate reserve for returns of prior shipments of short-dated product; (4) as a result, Portola was reasonably likely to need to "catch up" on accounting for return reserves; and (5) 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.

Shareholders may find more information at https://securitiesclasslaw.com/securities/portola-pharmaceuticals-inc-loss-submission-form/?id=5369&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

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