NICOSIA, CYPRUS / ACCESSWIRE / May 28, 2020 / Atalaya Mining plc (AIM:ATYM)(TSX:AYM), announces that it will host its AGM at 11:00 a.m. (BST) on Thursday, 25 June 2020 at the offices of Fieldfisher, Riverbank House, 2 Swan Lane, London EC4R 3TT.

The Company notes the restrictions on public gatherings imposed by the UK Government and in order to ensure shareholders can comply with the government measures, the Company has concluded that shareholders will not be permitted to attend the AGM in person. It is currently intended that the AGM will be held with only the appointed Chair of the meeting and two other nominated shareholders attending by way of a video link.

The Company requests all shareholders submit their Form of Proxy, Form of Instruction or use the CREST Proxy Voting Service (as applicable) and not to attend the meeting in person.

A circular to shareholders, incorporating the Notice of the Company's AGM for 2020, together with forms of proxy and forms of instruction, the 2019 Annual Report and other relevant documents are available on the Company's website at www.atalayamining.com and also under the Company's corporate profile on SEDAR at www.sedar.com.

Shareholders should refer to the voting instructions set out on the Notice of AGM.

Shareholders may listen to the formal AGM proceedings by dialing in to the below dial-in details but this will not constitute attendance at the Meeting and Shareholders will not be able to vote by telephone:

Dial-in number: +44 (0) 20 3936 2999

Pin code: 409379.

Immediately after the formal business of the meeting, the Company will on the same call give a corporate update presentation which will be made available on the Company's website at www.atalayamining.com and shareholders will have the opportunity to ask questions.

The Company will continue to monitor the situation and issue any further updates as necessary.

Contacts:

Newgate Communications

Elisabeth Cowell / Adam Lloyd / Tom Carnegie

+ 44 20 3757 6880

4C Communications

Carina Corbett

+44 20 3170 7973

Canaccord Genuity

(NOMAD and Joint Broker)

Henry Fitzgerald-O'Connor / James Asensio

+44 20 7523 8000

BMO Capital Markets

(Joint Broker)

Tom Rider / Michael Rechsteiner / Neil Elliot

+44 20 7236 1010

Peel Hunt LLP

(Joint Broker)

Ross Allister / David McKeown

+44 20 7418 8900

About Atalaya Mining Plc

Atalaya is an AIM and TSX-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest Spain. In addition, the Group has a phased, earn-in agreement for up to 80% ownership of Proyecto Touro, a brownfield copper project in the northwest of Spain. For further information, visit www.atalayamining.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Atalaya Mining PLC

ReleaseID: 591746

NEW YORK, NY / ACCESSWIRE / May 27, 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.

VMware, Inc. (NYSE:VMW)

Investors Affected: March 30, 2019 – February 27, 2020

A class action has commenced on behalf of certain shareholders in VMware, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) VMware's reporting with respect to its backlog of unfilled orders was not in compliance with all relevant accounting and disclosure requirements; (ii) the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny and/or investigation; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/vmware-inc-loss-submission-form/?id=6959&from=1

eHealth, Inc. (NASDAQ:EHTH)

Investors Affected: March 19, 2018 – April 7, 2020

A class action has commenced on behalf of certain shareholders in eHealth, Inc. The complaint alleges that eHealth, Inc. issued materially false and/or misleading information and/or failed to disclose: (1) its highly aggressive accounting and modeling assumptions; (2) its skyrocketing rate of member churn, resulting from eHealth's pursuit of low quality, lossmaking growth; (3) its reliance on direct response television advertising, which attracts an unprofitable, high churn enrollee; and (4) that as a result of the foregoing, defendants' public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/ehealth-inc-loss-submission-form/?id=6959&from=1

Grand Canyon Education, Inc. (NASDAQ:LOPE)

Investors Affected: January 5, 2018 – January 27, 2020

A class action has commenced on behalf of certain shareholders in Grand Canyon Education, Inc. According to a filed complaint, statements made by Defendants were false and/or misleading because, following Grand Canyon's spin-off of its educational assets as Grand Canyon University ("GCU"): (i) GCU would not be a proper non-profit organization as it would remain under the control of Grand Canyon, and (ii) Grand Canyon would not be a third-party service provider to GCU but rather would continue to effectively operate the entity, and (iii) Grand Canyon employees served as executives of GCU and (iv) GCU functioned as an off-balance-sheet entity to which Grand Canyon would be able to funnel expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyon's financial results.

Shareholders may find more information at https://securitiesclasslaw.com/securities/grand-canyon-education-inc-loss-submission-form/?id=6959&from=1

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

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

SOURCE: The Gross Law Firm

ReleaseID: 591742

The famous adage, "The past does not define a person," is correct for former convicted felon Dale Robinson

NEW YORK, NY / ACCESSWIRE / May 27, 2020 / He may have made grave mistakes in the past, but he did not let it rob him of a promising future. His one-of-a-kind experience motivated him to do something to turn his life around so that others may learn from it. From making prison visits-inspiring convicts-to talking in big conferences so he can teach people how to live a balanced life, Robinson is making it happen.

Through his G.U.R.U. Fitness application and Wanda Joyce Robinson Foundation, the 44-year-old motivational speaker and book author, is making time to educate people. He wants to break the cycle of incarceration for children who are affected by it. Men and women who have experienced incarceration and are ready to reconnect with society are also welcome to avail of the services available.

Robinson believed that there was a higher purpose behind his season of a life of crime. When he thought he could never make something good out of his unseemly experiences in the past, he now finds himself counseling others. He teaches them how to turn away from a life of greed and selfishness to a life of purpose.

He authored the book, "The Making of a Guru." It outlines his elaborate life story that has served as an inspiration to numerous readers. Robinson also tells the story of how he is working hard to make a difference in his community as a family man, entrepreneur, motivational speaker, community leader, and activist. The regular visits he makes to see inmates in prison have made such a life-changing impact on the lives of so many convicts. His words give them hope that they, too, can look forward to a time when they can rejoin their loved ones and society in general.

The book also introduces a 7-step program that applies to all areas of life. It teaches people how they, too, can become gurus. The author's journey of redemption and how it is also possible for others is the main driving force behind the book.

The G.U.R.U. Fitness application, on the other hand, will be available on Apple and Google Play on June 01, 2020. As a fitness guru, Robinson teaches the importance of keeping a healthy and robust body. Aside from the physical health of a person, he also touches on other areas-emotional and spiritual health.

Robinson is the founder and owner of G.U.R.U. Fitness. He also founded Wanda Joyce Robinson Foundation-which was opened last 2018 in Frankfort, Kentucky. The Foundation's primary objective is to help children impacted by incarceration. It also aims to provide protection and inspiration to children needing them most. Moreover, the program introduces the power of redemption, restoration, and resiliency.

Robinson may have faced too many adversities in life, but it did not hinder him from pursuing a better life. His life story is a journey worth knowing, an experience worth sharing.

Learn more about how Robinson and his team can help transform lives by checking out their website. Feel free to also send him an email at dalerobinson605@gmail.com or give him a direct call on 502-330-7475.

SOURCE: Dale Robinson

ReleaseID: 591740

TORONTO, ON / ACCESSIWRE / May 27, 2020 / Victory Nickel Inc. (the "Company") (CSE:NI) (www.victorynickel.ca) today announced the resignation of Paul W. Fisher as a Director of the Company, effective immediately. The Board of Directors thanks Mr. Fisher for his service to Victory Nickel and wishes him well in the future.

About Victory Nickel

Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101-compliant nickel resources and a significant frac sand resource at its Minago project. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake (currently under option to Corazon Mining Ltd.) in Manitoba, and Lac Rocher in northwestern Québec. Through a wholly-owned subsidiary, Victory Silica Ltd., Victory Nickel at its 7P frac sand processing facility in Seven Persons Alberta has established itself in the frac sand business prior to commencing frac sand production and sales from Minago.

Contact:

Victory Nickel Inc.
Sean Stokes
Phone: 416.363.8527
416.712.7481
Fax: 416.626.0890
Email: admin@victorynickel.ca
www.victorynickel.ca

Forward-Looking Information: This news release contains certain forward-looking information. All information, other than information regarding historic fact that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future is forward-looking information. The forward-looking information contained in this news release, including information related to the completion and outcome of any debt restructuring activities reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. The forward-looking information contained in this news release is subject to a number of risks and uncertainties that may cause actual results or events to differ materially from current expectations. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable law, the Company disclaims any obligation to update or modify such forward-looking information, either because of new information, future events or for any other reason. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

SOURCE: Victory Nickel Inc.

ReleaseID: 591739

SAN FRANCISCO, CA / ACCESSWIRE / May 27, 2020 / Hagens Berman urges investors in VMware, Inc. (NYSE:VMW) who have suffered losses in excess of $100,000 to submit their losses now. Only five days remain until the June 1, 2020 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives.

Class Period: Mar. 30, 2019 – Feb. 27, 2020

Lead Plaintiff Deadline: June 1, 2020

Visit: www.hbsslaw.com/investor-fraud/VMW

Contact An Attorney Now: VMW@hbsslaw.com

844-916-0895

VMware, Inc. (VMW) Securities Class Action:

The Complaint alleges that Defendants made materially false and misleading statements regarding the Company's financial performance. Specifically, the Complaint alleges that Defendants falsely represented and concealed that: (i) VMware's reporting with respect to its backlog of unfilled orders was not in compliance with all relevant accounting and disclosure requirements; (ii) the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny and/or investigation; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times

The Complaint alleges that the truth emerged on Feb. 27, 2020, when after the market closed, the Company announced disappointing Q4 results and disclosed that in Dec. 2019 the SEC requested documents and information related to VMware's backlog and associated accounting and disclosures. Significantly, on the Q4 2019 earnings call, VMware disclosed that its total backlog was only $18 million, down massively from $449 million in the year-ago quarter. This news sent the price of VMware shares sharply lower the next day.

"We're focused on investors' losses and whether VMware may have manipulated its backlog metric," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of VMware and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding VMware should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email VMW@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers, and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news, visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591685

SAN FRANCISCO, CA / ACCESSWIRE / May 27, 2020 / Hagens Berman urges investors in Ryder System, Inc. (NYSE:R) who have suffered losses in excess of $100,000 to submit their losses now. A securities fraud class action has been filed and certain investors may have valuable claims.

Class Period: Jul. 23, 2015 – Feb. 13, 2020

Lead Plaintiff Deadline: July 20, 2020

Visit: https://www.hbsslaw.com/investor-fraud/r

Contact An Attorney Now: Ryder@hbsslaw.com

844-916-0895

Ryder System, Inc. (R) Securities Class Action:

The Complaint alleges that throughout the Class Period, Defendants misled investors by overstating Ryder's financial results. According to the Complaint, Defendants assigned grossly overstated residual values to Ryder's trucking fleet, which allowed the company to record smaller-than-required depreciation expenses and, in turn, artificially inflate the company's reported earnings.

Investors began to learn the truth through a series of partial disclosures beginning on July 30, 2019, when Ryder drastically reduced its FY 2019 earnings forecast, blaming weaker valuations of the company's tractors.

Then, on Oct. 29, 2019, the company significantly lowered the residual values for all its vehicles and recorded a $177 million depreciation expense, explaining that "management concluded that our residual value estimates likely exceed the expected future values that would be realized upon the sale of power vehicles in our fleet."

Finally, on Feb. 13, 2020, Defendants disclosed Ryder recorded a total depreciation expense of $357 million for FY 2019, and that it expected to record an additional depreciation expense of $275 million during FY 2020 due to additional reductions of residual values.

In response to each disclosure, the price of Ryder shares sharply fell.

"We're focused on investors' losses and proving Ryder intentionally deceived investors through its accounting gimmickry," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of Ryder and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Ryder should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email Ryder@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591684

SAN FRANCISCO, CA / ACCESSWIRE / May 27, 2020 / Hagens Berman urges investors in iQIYI, Inc. (NASDAQ:IQ) who have suffered significant losses to submit their losses now. The June 15, 2020 lead plaintiff deadline in a securities fraud class action against iQIYI is fast approaching.

Class Period: Mar. 29, 2018 – Apr. 7, 2020
Lead Plaintiff Deadline: June 15, 2020
Visit: www.hbsslaw.com/investor-fraud/IQ
Contact An Attorney Now: IQ@hbsslaw.com
844-916-0895

iQIYI (IQ) Securities Class Action:

The complaint alleges that Defendants inflated iQIYI's revenue figures, user numbers and operational expenses to cover up other fraud.

Investors began to learn the truth, according to the complaint, on Apr. 7, 2020, when Wolfpack Research published a scathing report, claiming the company was committing fraud well before its 2018 IPO and has continued to do so ever since. Wolfpack estimates that (a) iQIYI inflated its 2019 revenue by 27% – 44%, (b) overstates its user numbers by 42% – 60%, and then (c) inflates its expenses, the prices it pays for content, and other assets and acquisitions in order to burn off fake cash to hide the fraud from its auditors and investors.

This news drove the price of iQIYI ADSs sharply lower during intraday trading on Apr. 7, 2020.

More recently, on May 18, 2020, iQIYI released disappointing 1Q 2020 financial results, disclosing widening quarterly losses of $406.4 million, or 56 cents a share, a 55% increase over the year-ago quarter.

"We're focused on investors' losses and proving iQIYI misled investors about the company's revenues, user numbers, and operational expenses to appear more successful," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of iQIYI and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding iQIYI should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email IQ@hbsslaw.com.

# # #

About Hagens Berman

Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591683

SAN FRANCISCO, CA / ACCESSWIRE / May 27, 2020 / Hagens Berman urges investors in Hallmark Financial Services, Inc. (NASDAQ:HALL) who have suffered significant losses to submit their losses now. A securities fraud class action was filed, and certain investors may have valuable claims.

Class Period: Mar. 5, 2019 – Mar. 17, 2020

Lead Plaintiff Deadline: July 7, 2020

Visit: www.hbsslaw.com/investor-fraud/HALL

Contact An Attorney Now: HALL@hbsslaw.com

844-916-0895

Hallmark Financial Services (HALL) Securities Class Action:

The complaint alleges that throughout the Class Period, Defendants misrepresented and concealed: (1) that the Company lacked effective internal controls over accounting and financial reporting related to reserves for unpaid losses; and (2) that the Company improperly accounted for reserves for unpaid losses and loss-adjustment expenses related to its Binding Primary Commercial Auto business.

Investors began to learn the truth, according to the complaint, through a series of disclosures beginning on Mar. 2, 2020, when Hallmark announced it was exiting the Binding Primary Commercial Auto business and reported a $63.8 million loss development for prior underwriting years.

Then, on Mar. 11, 2020, Hallmark announced it had dismissed its independent auditor BDO over a "disagreement" concerning the Company's estimated reserves for unpaid losses and loss adjustment expenses throughout 2019.

Finally, on Mar. 17, 2020, Hallmark disclosed a letter from BDO to the SEC revealing that BDO had expanded significantly the scope of its audit on Jan. 31, 2020, with respect to the matters of disagreement, and that "a substantial portion the requests had not been received and/or tested prior to our termination."

These disclosures caused Hallmark shares to decline over 75% lower between Mar. 2 and Mar. 18, 2020.

"We're focused on proving Defendants intentionally misled investors about the Company's internal controls and the sufficiency of its loss reserves," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of Hallmark and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Hallmark should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email HALL@hbsslaw.com.

Contact:
Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591682

SAN FRANCISCO, CA / ACCESSWIRE / May 27, 2020 / Hagens Berman urges investors in GSX Techedu Inc. (NYSE:GSX) who have suffered significant losses to submit their losses now. The June 16, 2020 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives is fast approaching.

Class Period: June 6, 2019 – Apr. 13, 2020
Lead Plaintiff Deadline: June 16, 2020
Sign Up: www.hbsslaw.com/investor-fraud/GSX
Contact An Attorney Now: GSX@hbsslaw.com
844-916-0895

GSX Techedu (GSX) Securities Class Action:

The Complaint alleges that throughout the Class Period, Defendants misreported GSX's financials, student enrollment figures, and teacher qualifications.

Investors began to learn the truth on Feb. 25, 2020, when Grizzly Research published a scathing report, accusing GSX of "drastically overstating its profitability in its US public filings, especially for 2018." Grizzly also claimed that GSX had generated "fake student enrollments to boost student count," and "fabricated teachers profiles."

On Apr. 14, 2020, Citron Research published its own cutting report, charging that GSX fabricated up to 70% of its revenues. According to Citron, GSX's Chinese financials and SEC financials are irreconcilable and show a 75% overstatement of net profits for FY 2017 – 2018 alone.

Then, on May 7, 2020, Citron published another report, citing "definitive evidence" of GSX "committing securities fraud." Citron avers that GSX's claims of acquiring customers at half the cost of its peers are false and misleading since GSX uses undisclosed related entities as shell companies to move costs off the Company's books.

Most recently, on May 18, 2020, Muddy Waters Research published another report, concluding GSX "is a near-total fraud," concluding that between 70-80% of its users are fake. This news sent the price of GSX ADSs crashing lower.

"We're focused on investors' losses and proving GSX deceived investors," said Reed Kathrein, the Hagens Berman partner leading the investigation.

Whistleblowers: Persons with non-public information regarding GSX should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email GSX@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591681

SAN FRANCISCO, CA / ACCESSWIRE / May 27, 2020 / Hagens Berman urges investors in eHealth, Inc. (NASDAQ:EHTH) who have suffered losses in excess of $50,000 to submit their losses now. The June 8, 2020 lead plaintiff deadline in a securities fraud class action that has been filed against the company and senior executives is fast approaching.

Class Period: Mar. 19, 2018 – Apr. 7, 2020

Lead Plaintiff Deadline: June 8, 2020

Visit: www.hbsslaw.com/investor-fraud/EHTH

Contact An Attorney Now: EHTH@hbsslaw.com

844-916-0895

eHealth (EHTH) Securities Class Action:

The complaint alleges that Defendants misrepresented and concealed eHealth's highly aggressive accounting and modeling assumptions, skyrocketing rate of member churn resulting from the company's pursuit of low quality, loss-making growth, and its reliance on direct response television advertising which attracts an unprofitable high-churn enrollee.

Investors began to learn the truth, according to the complaint, on Apr. 8, 2020, when Muddy Waters Capital published a scathing report about the company, finding that eHealth uses deceptive accounting to mask a significantly unprofitable business. According to Muddy Waters, eHealth makes "overly optimistic" modeling assumptions concerning its health insurance plan life-time values (LTV), obscures customer churn rates, and materially understates costs. As a result, Muddy Waters claims eHealth has grossly overstated its reported revenues and operating profit by hundreds of millions of dollars.

Moreover, Muddy Waters pointed out that while falsely hyping the company as "the Expedia / Zillow of health insurance," corporate insiders have sold $35 million of their personally held stock at inflated prices, including CEO Scott Flanders, who sold 15% of his stake in January 2020 alone.

On this news, the stock plummeted $12.82, or approximately 12%, in a single trading day.

Recently, on Apr. 23, 2020, the Company reported its Q1 2020 financial results, including a nearly 30% decline in cash flow from operations compared to Q1 2019. This news sent the price of eHealth shares plummeting as much as 14% during intraday trading on Apr. 24, 2020.

"We're focused on investors' losses and proving eHealth manipulated various financial metrics to appear more profitable," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of eHealth and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding eHealth should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email EHTH@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

CONTACT:
Reed Kathrein
844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

ReleaseID: 591680