Monthly Archives: February 2020

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

NEW YORK, NY / ACCESSWIRE / February 24, 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 and further details about the cases can be found at the links provided. There is no cost or obligation to you.

Forescout Technologies, Inc. (NASDAQ:FSCT)
FSCT Lawsuit on behalf of: investors who purchased February 7, 2019 – October 9, 2019
Lead Plaintiff Deadline: March 2, 2020
Join the action: https://www.zlk.com/pslra-1/forescout-technologies-inc-loss-form?wire=3&prid=5513

The lawsuit alleges: Forescout Technologies, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Forescout was experiencing significant volatility with respect to large deals and issues related to the timing and execution of deals in the Company's pipeline, especially in Europe, the Middle East, and Africa; (ii) the foregoing was reasonably likely to have a material negative impact on the Company's financial results; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

To learn more about the Forescout Technologies, Inc. class action, contact jlevi@levikorsinsky.com.

Geron Corporation (NASDAQ:GERN)
GERN Lawsuit on behalf of: investors who purchased March 19, 2018 – September 26, 2018
Lead Plaintiff Deadline: March 23, 2020
Join the action: https://www.zlk.com/pslra-1/geron-corporation-et-al-loss-form?wire=3&prid=5513

The filed complaint alleges that defendants misled investors regarding a drug called imetelstat, which was intended to treat certain cancers that occur in bone marrow. Specifically, defendants misled investors about the results of a clinical drug study of imetelstat called IMbark. That study was designed to ascertain whether imetelstat helped patients with a cancer called myelofibrosis.

To learn more about the Geron Corporation class action, contact jlevi@levikorsinsky.com.

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
Join the action: https://www.zlk.com/pslra-1/jeld-wen-holding-inc-loss-form?wire=3&prid=5513

The lawsuit alleges: Jeld-Wen Holding, Inc. made materially false and/or misleading statements throughout the class period 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.

To learn more about the Jeld-Wen Holding, Inc. class action, contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request 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: 577600

CVU INVESTOR ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of CPI Aerostructures, Inc.

NEW YORK, NY / ACCESSWIRE / February 24, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of CPI Aerostructures, Inc.

("CPI" or the "Company") (NYSE:CVU) Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cvu.

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

On February 8, 2019, CPI revealed that its financial statements for the three and nine months ended September 30, 2018 listed in its Form 10-Q could no longer be relied upon due to an "error . . . in the Company's billing process." CPI said that the alleged error inflated its revenue and income before provision for income taxes, net income, and earnings per share. Following this news, CPI stock dropped $0.59 per share or 8.5% to close at $6.34 per share on February 8, 2019.

If you are aware of any facts relating to this investigation, or purchased CPI shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/cvu. 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 and Grossman, LLC

ReleaseID: 577402

MHK INVESTOR ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Mohawk Industries, Inc. Investors With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: March 3, 2020

NEW YORK, NY / ACCESSWIRE / February 24, 2020 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Mohawk Industries, Inc.

("Mohawk" or the "Company") (NASDAQ:MHK) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Mohawk securities between April 28, 2017 and July 25, 2019, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/mhk.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Mohawk's sales growth and the demand for its conventional flooring products; (2) the Company falsely assured stockholders about its increasing accounts receivable and inventory levels during the Class Period by falsely attributing those increases to external factors like rising raw material costs and inflation; and (3) consequently, Mohawk stock traded at artificially inflated prices during the Class Period.

If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/mhk or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Mohawk you have until March 3, 2020 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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: 577597

Canadian Vehicle Manufacturers’ Association (CVMA) Initiates Search for New President and CEO

TORONTO, ON / ACCESSWIRE / February 24, 2020 / The Board of Directors of the Canadian Vehicle Manufacturers' Association (CVMA) has initiated a search for a President / CEO. The Board is seeking a President/CEO with automotive industry knowledge and a proven track record of executive leadership, public policy advocacy, business and communication skills, strategic planning and implementation.

 

The Job Description is available on the CVMA website at www.cvma.ca.

Qualified candidates are invited to submit their expressions of interest, and CV to: jobs@cvma.ca

The Canadian Vehicle Manufacturers' Association is the industry association that has represented Canada's leading manufacturers of light and heavy duty motor vehicles for more than 90 years. Its membership includes FCA Canada Inc.; Ford Motor Company of Canada, Limited and General Motors of Canada Company. Collectively its members operate 4 vehicle assembly plants as well as engine and components plants, and have over 1,300 dealerships. 136,000 jobs are directly tied to vehicle assembly in Canada. Direct and indirect jobs associated with vehicle manufacturing are estimated at over 792,000 across Canada. Please visit www.cvma.ca.

SOURCE: Canadian Vehicle Manufacturers' Association

ReleaseID: 577557

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

NEW YORK, NY / ACCESSWIRE / February 24, 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.

SSL Shareholders Click Here: https://www.zlk.com/pslra-1/sasol-limited-loss-form?prid=5512&wire=1
OPRA Shareholders Click Here: https://www.zlk.com/pslra-1/opera-limited-loss-form?prid=5512&wire=1
LK Shareholders Click Here: https://www.zlk.com/pslra-1/luckin-coffee-inc-loss-form?prid=5512&wire=1

* ADDITIONAL INFORMATION BELOW *

Sasol Limited (NYSE:SSL)

SSL Lawsuit on behalf of: investors who purchased March 10, 2015 – January 13, 2020
Lead Plaintiff Deadline : April 6, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/sasol-limited-loss-form?prid=5512&wire=1

According to the filed complaint, during the class period, Sasol Limited made materially false and/or misleading statements and/or failed to disclose that: (i) Sasol had conducted insufficient due diligence into, and failed to account for multiple issues with, the Lake Charles Chemicals Project ("LCCP"), as well as the true cost of the project; (ii) construction and operation of the LCCP was consequently plagued by control weaknesses, delays, rising costs, and technical issues; (iii) these issues were exacerbated by Sasol's top-level management, who engaged in improper and unethical behavior with respect to financial reporting for the LCCP and the project's oversight; (iv) all the foregoing was reasonably likely to render the LCCP significantly more expensive than disclosed and negatively impact the Company's financial results; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

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=5512&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.

Luckin Coffee Inc. (NASDAQ:LK)

LK Lawsuit on behalf of: investors who purchased November 13, 2019 – January 31, 2020
Lead Plaintiff Deadline : April 13, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/luckin-coffee-inc-loss-form?prid=5512&wire=1

According to the filed complaint, during the class period, Luckin Coffee Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) certain of Luckin's financial performance metrics, including per-store per-day sales, net selling price per item, advertising expenses, and revenue contribution from "other products" were inflated; (ii) Luckin's financial results thus overstated the Company's financial health and were consequently unreliable; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

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: 577595

Ricky Cucalon, A Civil Engineer from California Introduces the ATM Movement to Help Millennials With Digital Marketing

An aspiring entrepreneur and social media influencer from San Francisco, with an inspiring life story 'from washing cars in the streets to a millionaire in less time than it takes to receive a bachelor's degree', has created an initiative called the ATM Movement, to help people with digital marketing using their smartphones.

SAN FRANCISCO, CA / ACCESSWIRE / February 24, 2020 / Experts tend to suggest that the most successful people are those who have businesses based on their own interests. Most entrepreneurs find that fulfillment is at its peak when one has their own business which aligns with their own values and interests. Ricardo Cucalon, better known as Ricky Cucalon, has one of the largest Bitcoin wallets in Latin-america. Being an influencer on social platforms, he has Created a revolutionary initiative called the ATM Movement, with the goal to assist people, primarily from Latin-america to pursue their entrepreneurial journey using technology.

"Being someone who's originally from Peru, I know the struggle one has to go through to make ends meet and the lack of resources we are provided with. I wanted everyone to have an opportunity to succeed in life. So I created the 'ATM Movement' with the intention to help start people make a livelihood putting their smartphones to work. We live in a time where we can not only use these devices to share photos with friends but also generate an income with a device we walk around with in our pocket. I started feeling the true freedom when I became able to do what I want, wherever, whenever, and however I want. I want to pass that on to others" explains Ricky.

To avoid the many risks and heavy outlays of being one's own boss, many people are now turning to digital marketing as the way to become an entrepreneur. Starting a business using modern technologies, mostly involves investment in time and can be done in as little as an hour a day. Comparing this to a traditional business is a no brainer. Most traditional businesses force you to invest at least 100K and spend 80+ hours a week to generate income, with the technology we have today primarily all we need is our smartphones and a will to succeed. Ricky wants to provide them with an opportunity to use their mobile devices to get started. "I was fortunate to have met Sylvester Stallone and I asked him what would be the biggest advice he would give the young rockys. He explained that his world was much different than the one we are living in currently. Ours has become more competitive now and we need to go out there with a winning mindset ready to get hit, and it's okay if you fall, but it's important to continue to get up". Ricky recalls his meeting with Rocky himself.

Ricky was an early adopter of blockchain technology and invested in it 2016, selling his Honda Accord to buy 18 bitcoins at $800. He started his own business in May 2018 after bitcoin went to its peak, with a vision of helping people to generate a livelihood using their smartphone. By adopting an approach of working smart instead of working hard, his business expanded very quickly all over Latin America, Hong Kong, Europe and in the US. More details about Ricky Cucalon can be found on his YouTube channel ATM Movement and on his Instagram @ricky_cucalon.

Media Contact Information:

Name: Ricky Cucalon
Company: ATM Movement
Email: info@atmmovement.com
Website: https://atmmovement.com

SOURCE: Ricky Cucalon

ReleaseID: 577592

Best Car Insurance Tips 2020: How To Avoid Car Insurance Scams

LOS ANGELES, CA / ACCESSWIRE / February 24, 2020 / Compare-autoinsurance.org has released a new blog post explaining how to avoid being scammed, just by using free car insurance quotes online.

For more info and free car insurance quotes, visit http://compare-autoinsurance.org/can-online-quotes-help-you-prevent-car-insurance-scams/

Being scammed by fake agents or fake offers is certainly an unpleasant experience. The entire budget of a family can be dramatically drained when trusted people reveal their true faces. Before signing for an offer that seems too good to be true, drivers should get quotes online. Car insurance quotes, like the ones provided by http://compare-autoinsurance.org will help drivers understand the real costs and avoid being fooled by really low offers.

Auto insurance scammers have become more and more experienced. Scammers have mastered the art of fooling people. The internet has also helped them a lot and now they use all sorts of databases to find out more info about their potential victims. After the victim takes the "bait", the scammer can cause a total loss of money. In many cases, the "trustworthy" company disappears as soon as the client files a claim.
The most common car insurance scams are the fake-call, the fake agent or ads for really low-cost offers. Scammers design attractive offers, but the victim is asked to provide multiple info, including sensitive financial data, like PINs, credit card number and security number. Be vigilant and do not provide information to an unsolicited caller. Do not answer to auto-insurance questions to strangers, especially if you were not looking for coverage. The so-called "insurance agent" can be nothing more than a crook. When it comes to discussing car insurance matters, contact the insurance provider or rely on well-knows, established companies. Being approached by "agents working for a newly opened insurance company in your town" is clearly something suspicious.
Do not click on ads that pop-up and present really low offers. Pay attention to pop-up windows. The best thing to do is to call the advertised company and ask if the info is read. Of course, first, verify if the company exists, sell car insurance and if it has been known for scamming people. These pop-ups may contain malicious code that has the potential of corrupting files, copy sensitive personal and financial info and send it back to scammers.
Use online car insurance quotes to avoid scams. Instead of working with shady websites and suspicious individuals calling out-of-the-sudden, rely on legit quotes, obtained from legit insurance companies. Getting quotes directly from well-known insurance companies will totally remove the risk of being tricked. The client will know exactly the average costs. Additionally, drivers can use well-established brokerage websites and compare prices.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit https://compare-autoinsurance.org/.

"Scams are still a major concern for the car insurance industry. Using online quotes from legit companies and brokerage websites will help you avoid being tricked" said Russell Rabichev, Marketing Director of Internet Marketing Company.

CONTACT:

Company Name: Internet Marketing Company
Person for contact Name: Gurgu C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org

SOURCE: Internet Marketing Company

ReleaseID: 577529

Ted Schaer and Jay Leffler from Zarwin Baum Legal On Cyber Security

Ted Schaer and Jay Leffler, two lawyers from the dedicated and knowledgeable Zarwin Baum legal team with over sixty years experience between the two of them, share their thoughts on cybersecurity.

PHILADELPHIA, PA / ACCESSWIRE / February 24, 2020 / Zarwin Baum's Cyber Liability Practice has a proactive approach and focuses on the growing risks and rapidly evolving liability exposures associated with the security and storage of information. Due to its knowledgeable lawyers and representatives on the topic of Cyber

Security and Data Privacy, Zarwin Baum has developed an excellent reputation among the region's business, political, and legal communities. Cyber liability and Data protection are critically important in this modern era, as data breaches can affect anyone from the largest company to the individual. Cybersecurity is continually evolving to keep up with the adaptation of security risks and advanced persistent threats (APTs). Having strong cybersecurity policies, such as the right security technology or network protection, to the proper training for employees, can prevent essential or critical data from falling into malicious hands.

Jay Leffler graduated from Rutgers University Law School in 1988, completing his undergraduate work at Temple University. He then graduated cum laude with a degree in Political Science. Jay Leffler began his career as a law clerk for the honorable Paul Ribner in the Philadelphia Court of Common Pleas.

Theodore (Ted) M. Schaer graduated from American University in 1982 with a bachelor of science degree in Government and Public Administration. After working in Washington DC Capitol Hill, he returned to Philadelphia and attended Temple University School of Law, where he graduated in 1987. Ted Schaer serves as Chairman of the Firms Insurance Defense Department. Ted Schaer is hired by some of the nation's largest insurers, third party administrators, motor carriers, and businesses to defend lawsuits. Theodore M. Schaer is board certified in privacy and US Data Protection, and Schaer serves as National and Regional Counsel to several national accounts.

Cybersecurity is the prevention of unauthorized access to your information. Cybersecurity policies can prevent essential or critical data from falling into malicious hands. Cybersecurity varies from the right security technology or network protection to the proper training for employees.

Ted Schaer from Zarwin Baum calls your personal information the "crown jewel." The crown jewel that criminals wish to access with cyber attacks. From your bank account to your health insurance information, this information is highly valuable. Ted Schaer goes on to say that, on average, each record lost costs a consumer or business around two hundred dollars. So the price of a data breach or an invasion of your cybersecurity can be immense. While it can be easy to place the blame on malicious attacks, Theodore M Schaer goes on to say that "thirty-five percent of data breaches come from human negligence." He says that one of the most significant precautions a company can take for their data security is to make sure employees are appropriately trained and always to be safe.

Jay Leffler from Zarwin Baum goes on to say that data privacy and cybersecurity are all part of professional liability. Jay Leffler mentions that a proper precaution for a business, large or small, is the appropriate insurance towards data breach protection. There are two significant forms of insurance regarding cybersecurity: technology errors and omissions and cyber liability insurance. Cyber liability insurance is for protection against data breaches at your own company. At the same time, technology errors and omissions insurance is to protect your company in the event of a client being harmed. Jay Leffler says that it is essential to know which type of insurance you must require and to compare the two types of coverage.

CONTACT:

Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Web Presence, LLC

ReleaseID: 577572

Optomec’s Automated Metal Additive Repair Solutions Show ROI of 180%

Independent Study Compares Solution Versus Traditional Welding for Gas Turbine MRO

ALBUQUERQUE, NM / ACCESSWIRE / February 24, 2020 / Optomec — a leading, privately-held global supplier of production-grade additive manufacturing equipment and software today announced it has published a new white paper showing how automated laser cladding for gas turbine engine repair can provide 184% return on investment (ROI) over manual processes. Optomec commissioned the independent study conducted by Mr. Terry VanderWert PE, a 40-year veteran in the laser process industry. VanderWert's objective investigation into current MRO practices and challenges within the aviation industry is summarized in the white paper: The Business Case for Automated Laser Cladding in Aviation Component Repair: Five Lessons Learned.

To view the full, media-rich, interactive news release, click here.

Key Takeaways

Independent research shows how automated laser cladding can improve ROI by 184% for gas turbine engine repair.
The grounded 737 Boeing Max means older aircraft will be in service longer, putting more pressure on MRO service centers.
Despite the high stakes of aviation component repair, up to 80% is still done manually.

About Optomec

Optomec is a privately-held, rapidly growing supplier of Additive Manufacturing systems. Optomec's patented Aerosol Jet Systems for printed electronics and LENS and Huffman 3D Printers for metal components are used by industry to reduce product cost and improve performance. Together, these unique printing solutions work with the broadest spectrum of functional materials, ranging from electronic inks to structural metals and even biological matter. Optomec has more than 300 marquee customers around the world, targeting production applications in the electronics, energy, life sciences and aerospace industries. For more information about Optomec, visit http://optomec.com.

LENS is a registered trademark of Sandia National Labs; Aerosol Jet is a registered trademark of Optomec. AutoClad is a common trademark of Optomec, Inc.

Media Contacts:

Antoinette Sottak
Email: toni@wiredislandpr.com
Phone: 408.876.4418

Shayna Watson
Email: swatson@optomec.com
Phone: 505.239.8892

SOURCE: Optomec

ReleaseID: 577559

SHAREHOLDER ACTION DEADLINE: The Schall Law Firm Announces it is Investigating Claims Against 500.com Limited and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / February 24, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of 500.com Limited ("500.com" or "the Company") (NYSE:WBAI) 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. 500.com announced on December 31, 2019, that it would undertake an internal investigation into allegations of illegal money transfers. The investigation follows the arrest of one consultant to the Company (a former Director of the Company's Japanese subsidiary) along with two former consultants. The Company also announced the resignation of its Chairman of the Board and that its CEO would "step aside" for the duration of the investigation. Based on this news, shares of 500.com fell by more than 10% on January 2, 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.

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: 577590