Monthly Archives: February 2020

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Canaan Inc. – CAN

NEW YORK, NY / ACCESSWIRE / February 25, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or the "Company") (NASDAQ:CAN). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Canaan and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

In November 2019, Canaan completed its initial public offering ("IPO"), selling 10 million American Depositary Shares ("ADSs") priced at $9.00 per share. Then, on February 20, 2020, an investment analyst publishing under the pseudonym Marcus Aurelius published a short report entitled "Canaan Fodder." The report alleged, among other things, that Canaan was engaged in several undisclosed related-party transactions that lacked economic substance, including the sale of $150 million worth of equipment to a small Hong Kong company with an undisclosed relationship with a significant Canaan shareholder.

On this news, Canaan's ADS price fell $0.39 per share, or 6.83%, to close at $5.32 per share on February 20, 2020. Since the IPO, Canaan's ADSs have traded as low as $4.40 per share, representing a decline of more than 51% from the offering price.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:  

Robert S. Willoughby
212-661-1100 x9980
rswilloughby@pomlaw.com

SOURCE: Pomerantz LLP

ReleaseID: 577859

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Genfit SA – GNFT

NEW YORK, NY / ACCESSWIRE / February 25, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Genfit SA ("Genfit" or the "Company") (NASDAQ:GNFT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Genfit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On February 21, 2020, post-market, Genfit issued a press release announcing a delay in the release of topline results from the Phase 3 RESOLVE-IT study evaluating the Company's lead drug elafibranor in patients with nonalcoholic steatohepatitis ("NASH") with fibrosis. Genfit stated that the delay was in order "to incorporate the latest FDA insights expected by the end of March" and that "[t]his decision has been taken to ensure that the latest thinking in the NASH field is properly captured so the Company can optimize elafibranor's NDA dossier at the time of submission."

On this news, Genfit's stock price fell sharply during intraday trading on February 24, 2020.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multi-million dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT: 

Robert Willoughby
212-661-1100 x9980
rswilloughby@pomlaw.com

SOURCE: Pomerantz LLP

ReleaseID: 577858

CLASS ACTION UPDATE for OPRA, HPQ and JELD: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / February 25, 2020 / 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.

OPRA Shareholders Click Here: https://www.zlk.com/pslra-1/opera-limited-loss-form?prid=5521&wire=1
HPQ Shareholders Click Here: https://www.zlk.com/pslra-1/hp-inc-loss-form?prid=5521&wire=1
JELD Shareholders Click Here: https://www.zlk.com/pslra-1/jeld-wen-holding-inc-loss-form?prid=5521&wire=1

* ADDITIONAL INFORMATION BELOW *

Opera Limited (NASDAQ: OPRA)

OPRA Lawsuit on behalf of: investors who purchased (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,
Lead Plaintiff Deadline : March 24, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/opera-limited-loss-form?prid=5521&wire=1

According to the filed complaint, (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.

 

HP Inc. (NYSE:HPQ)

 

HPQ Lawsuit on behalf of: investors who purchased February 23, 2017 – October 3, 2019
Lead Plaintiff Deadline : April 20, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/hp-inc-loss-form?prid=5521&wire=1

According to the filed complaint, defendants knew that HP's "four-box" model for measuring its supplies business was severely deficient and not a strong predictor of supplies demand and outcomes because HP lacked telemetry data from its commercial printers and had to use unreliable and stagnant market share data to develop assumptions for the four-box model. The complaint further alleges that defendants knew the lack of telemetry data for commercial printing was a critical shortcoming of the four-box model because HP possessed telemetry data on its personal printing side and knew it was a necessary element for an accurate understanding of the supplies channel. As a result, the supplies inventory in the Company’s channel exceeded demand by at least $100 million and HP’s supplies revenue growth was grossly inflated.

 

Jeld-Wen Holding, Inc. (NYSE:JELD)

 

JELD Lawsuit on behalf of: investors who purchased January 26, 2017 – October 15, 2018
Lead Plaintiff Deadline : April 20, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/jeld-wen-holding-inc-loss-form?prid=5521&wire=1

According to the filed complaint, during the class period, Jeld-Wen Holding, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s products, including doors, did not compete against other manufacturers on price, contrary to Jeld-Wen's representations; (2) the market in which the Company sells its doors is not “highly competitive” as the Company claimed; (3) Jeld-Wen’s strong margins and anticipated margin growth were not, as the Company claimed, attributed to changes they had made in Jeld-Wen’s business operations and strategies; and (4) Jeld-Wen failed to disclose the Company’s anti competitive conduct. Because of the foregoing, Defendants’ statements about the Company’s business, operations and prospects 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: 577857

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Adverum Biotechnologies, Inc. – ADVM

NEW YORK, NY / ACCESSWIRE / February 25, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Adverum Biotechnologies, Inc. ("Adverum" or the "Company") (NASDAQ:ADVM). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Adverum and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On September 12, 2019, Adverum issued a press release announcing clinical data from the OPTIC Phase 1 clinical trial of the Company's product ADVM-022 as a treatment for wet age-related macular degeneration. Among other data, Adverum disclosed that patients taking ADVM-022 suffered significant deterioration in their sight.

On this news, Adverum's stock price fell $6.04 per share, or 50.33%, to close at $5.96 per share on September 12, 2019.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 577855

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Aaron’s, Inc. – AAN

NEW YORK, NY / ACCESSWIRE / February 25, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Aaron's Inc. ("Aaron" or the "Company") (NYSE:AAN). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Aaron's and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On February 20, 2020, Aaron's issued a press release announcing the Company's financial results for the quarter ended December 31, 2019. Among other results, Aaron's reported that the Company's Progressive Leasing ("Progressive") segment had reached an agreement in principle with Federal Trade Commission ("FTC") staff regarding a Civil Investigative Demand from the FTC that Progressive received in July 2018. Aaron's advised investors that "[u]nder the proposed agreement, which requires final approval by FTC Commissioners and the U.S. District Court for the Northern District of Georgia, Progressive will make a payment of $175 million and enhance certain compliance-related activities, including monitoring, disclosure and reporting requirements."

On this news, Aaron's stock price fell $10.70 per share, or 19.06%, to close at $45.45 per share on February 20, 2020.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 577853

Good Hemp Registers as a Hemp Processor and Seeks Out Contract Farming For 2020 Harvest

CORNELIUS, NC / ACCESSWIRE / February 25, 2020 / Good Hemp, Inc. (OTC Markets:GHMP) announced today that it has registered as a hemp processor in the state of North Carolina and intends to engage contracts with local farmers to produce up to 1M pounds of hemp for the 2020 growing season.

The company plans to offer approved farms the chance to become an exclusive grower for Good Hemp with a guaranteed harvest buyback at the end of the growing season. The company plans on contracting a total of 500 acres with farms under this program to support its forecasted demand of raw material for 2020 and to vertically integrate Good Hemp's product line from seed to bottle by farming and processing their own hemp. Farmers interested in becoming a contract grower for Good Hemp should contact the company directly.

Good Hemp Products –

Canna Hemp® is a "better for you" energy drink with natural caffeine sources and hemp seed oil. The brand has developed a large following since its initial launch in 2013. Canna Hemp distribution was expanded in 2019 to include the Caribbean after the energy drink took on a cult following throughout Jamaica (Source: Instagram Canna Hemp Jamaica). Good Hemp fizz is a low calorie functional carbonated beverage infused with hemp seed oil, natural flavors, prebiotic fiber and organic caffeine. Good Hemp 02h! is a low-calorie flavored water infused with prebiotics and 10mg of CBD.

All 3 product lines are available in over 600 plus retailers throughout the US and the Caribbean, on Amazon and at goodhemplivin.com.

About Good Hemp – Our mission is to be vertically integrated market leader in the development and marketing of natural and functional hemp-derived beverage and wellness products that provide real health benefits to a significant segment of the population and are convenient and appealing to consumers.

Safe Harbor Statement: This press release may contain forward-looking information that involve a number of risks and uncertainties made pursuant to Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things, the company's business plans and the company's growth strategy and operating strategy. Words such as "strategy," "expects," "continues," "plans," "anticipates," "believes," "would," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of numerous and varied factors. Good Hemp, Inc. does not undertake to update any forward-looking statements except as required by applicable law. All subsequent written and oral forward-looking statements attributable to the company or any person acting on behalf of the company are expressly qualified in their entirety by the cautionary statements referenced above.

Contact:

Good Hemp, Inc.
+1 (800) 947-9197
contact@goodhemplivin.com
Follow us on Twitter
Follow us on Facebook
Follow us on Instagram

SOURCE: Good Hemp, Inc

ReleaseID: 577848

Huawei Unveils Industry’s First Series of eAI ONTs, Marking New Smart Home Network Era

LONDON, UK / ACCESSWIRE / February 25, 2020 / At the Huawei products and solutions launch in London, Huawei unveiled the world's first series of ONTs OptiXstar V864/K654 with embedded AI (eAI). These products offer GPON/XGS PON gigabit access, intelligent service type identification, Wi-Fi 6 acceleration, and meshed full-home Wi-Fi coverage to provide a premium experience for home users. By using these products, operators can transform from pipe monetization to experience monetization, signaling a new era of smart home networks.

Huawei OptiXstar V864

In recent years, online education, online office, cloud VR, and gaming are approaching maturity. A number of analyst organizations have offered their forecasts on this trend. iResearch reports that in 2020 the number of online education users will reach 309 million. Futuresource estimates that by 2023 the number of VR devices will reach 168 million. Statistia expects half of broadband users to have gaming requirements. These services require high bandwidth, low latency, and stability. In order for cloud VR services to run optimally, bandwidth must exceed 530 Mbps, and latency must be lower than 50 ms. However, obstacles (walls) and neighboring signal interference can weaken signals, making it difficult for networks to deliver demanding services such as cloud VR.

Therefore, Huawei released the OptiXstar V864/K654 series eAI ONTs to provide users with an ultimate service experience and help operators launch value-added services with guaranteed quality, to increase their ARPU. Huawei eAI ONTs have the following advantages:

Zero frame freezing and ultimate game/video experience: The embedded AI chip can process millions of service packets per second and intelligently identify game, video, and download services. The SoC chip hardware forwarding and Wi-Fi 6 slicing features provide dedicated transmission channels for high-priority services. This reduces the end-to-end latency by more than 50% and ensures a smooth experience in high-priority services.
Full-home Wi-Fi coverage: Huawei's unique dual-beam antennas and Wi-Fi 6 power adjustment algorithm can intelligently increase signal strength. This ensures that coverage and bandwidth are sufficient for high-priority services even on hard-to-reach terminals. Unlike competitors' ONTs, Huawei's eAI ONTs increase signal strength by 30%, enabling Wi-Fi signals to penetrate one more wall. In addition, by implementing mesh networking, full-home Wi-Fi coverage can be achieved.
Bottleneck identification and experience improvement: By using AI to analyze big data of home networks, the iMaster NCE platform can intelligently identify home network bottlenecks to improve the service of operators and user experience. The platform visualizes network status, making it manageable and maintainable. It supports remote diagnosis and optimization to help operators improve troubleshooting efficiency, reducing home visits by 20%.
Green: The advanced power management (APM) mechanism supports intelligent hibernation and meets Europe's strict CoC v7 energy saving standard. Huawei ONTs also reduce power consumption by 20%, compared to other vendors.

Jeffrey Zhou, President of Huawei's Access Network Domain said, "Huawei's eAI ONTs inject AI into home networks for the first time. AI service acceleration can ensure a smooth experience in services such as online education, online office, cloud VR, and gaming. As a world-leading ultra-broadband solutions provider, Huawei is working with industry partners to guarantee premium service experience for home users and help operators succeed in the home network market by transforming from bandwidth monetization to experience monetization."

Global markets value Huawei's innovative home network products, which are used in many projects in the world. Currently, a project of 3BB Thailand has applied Huawei's eAI ONTs, helping 3BB build a home broadband network that offers a thrilling gaming experience. According to OVUM's global market share report on fixed network broadband access products released in the third quarter of 2019, Huawei's ONTs/ONUs occupied 35% of the global market share from the fourth quarter of 2018 to the third quarter of 2019 (rolling by four quarters), ranking first for seven consecutive years.

About Huawei

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world.

Huawei's end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes.

At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. We have more than 188,000 employees by the end of 2018, and we operate in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.

For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei
http://www.twitter.com/Huawei
http://www.facebook.com/Huawei
http://www.youtube.com/Huawei

Contact:

John Leung
john.leung@wmglobal.com

SOURCE: Huawei

ReleaseID: 577838

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Telenav, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / February 25, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Telenav, Inc. ("Telenav" or "the Company") (NASDAQ:TNAV) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Telenav admitted on February 11, 2020, that it would be unable to file its quarterly report for the period ended December 31, 2019, in a timely manner. The Company filed a Form 12b-25 filed with the SEC, stating that it had "updated its reporting of revenue related to its agreements with Grab Holdings, Inc." which resulted in revenue corrections for the quarter ending September 30, 2019, among other adjustments. Telenav also admitted, "a material weakness in its internal control over financial reporting as of September 30, 2019 and December 31, 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 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.
310-301-3335
Cell: 424-303-1964
info@schallfirm.com
www.schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 577830

IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against JELD-WEN Holding, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / February 25, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against JELD-WEN Holding, Inc. ("JELD-WEN" or "the Company") (NYSE:JELD) 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 January 26, 2017 and October 15, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before April 20, 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. JELD-WEN enjoyed strong margins and growth which it claimed were based on "making strategic pricing decisions based on an analysis of customer and product level profitability" and developing "pricing optimization." In fact, the Company was engaged in a price-fixing scheme with a competitor to artificially inflate pricing and margin. On October 15, 2018, the Company's CFO resigned as the anticompetitive behavior became public. Based on these facts, the Company's public statements were false and materially misleading. When the market learned the truth about JELD-WEN, 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.
310-301-3335
Cell: 424-303-1964
info@schallfirm.com
www.schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 577828

SHAREHOLDER NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Sasol Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / February 25, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Sasol Limited ("Sasol" or "the Company") (NYSE:SSL) 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 10, 2015 and January 13, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before April 6, 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. Sasol failed to conduct appropriate due diligence on the Lake Charles Chemicals Project ("LCCP"). The LCCP was suffered from significant control weaknesses, delays, cost overruns, and technical glitches in its construction and operation. The Company's management made these problems even worse due to its improper and unethical oversight and financial reporting for the LCCP. The numerous problems with the LCCP were likely to negatively impact the Company's financial performance. 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 Sasol, 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.
310-301-3335
Cell: 424-303-1964
info@schallfirm.com
www.schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 577834