Monthly Archives: June 2020

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of CTMX, CLNY and WFC

NEW YORK, NY / ACCESSWIRE / June 23, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

CytomX Therapeutics, Inc. (NASDAQ:CTMX)
Class Period: May 17, 2018 – May 13, 2020
Lead Plaintiff Deadline: July 20, 2020

The complaint alleges that during the class period CytomX Therapeutics, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) CytomX had downplayed issues with CX-072's efficacy observed in the PROCLAIM-CX-072 clinical program; (ii) CytomX had similarly downplayed issues with CX-2009's efficacy and safety observed in the PROCLAIM-CX-2009 clinical program; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in CTMX: http://www.kleinstocklaw.com/pslra-1/cytomx-therapeutics-inc-loss-submission-form?id=7508&from=1

Colony Capital, Inc. (NYSE:CLNY)
Class Period: August 9, 2019 – May 7, 2020
Lead Plaintiff Deadline: July 27, 2020

According to the complaint, Colony Capital, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Colony's sale of its industrial real estate portfolio and the bifurcation of Colony Credit Real Estate's portfolio were foreseeably likely to negatively impact Colony's financial and operating results; (ii) certain of Colony's remaining portfolio companies carried unsustainable levels of debt secured by hotels and healthcare-related properties and were thus at a significant risk of default; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in CLNY: http://www.kleinstocklaw.com/pslra-1/colony-capital-inc-loss-submission-form?id=7508&from=1

Wells Fargo & Company (NYSE:WFC)
Class Period: April 5, 2020 – May 5, 2020
Lead Plaintiff Deadline: August 3, 2020

The WFC lawsuit alleges that Wells Fargo & Company made materially false and/or misleading statements and/or failed to disclose that: (i) Wells Fargo planned to, and did, improperly allocate government-backed loans under the Paycheck Protection Program ("PPP"), and/or had inadequate controls in place to prevent such misallocation; (ii) the foregoing foreseeably increased the Company's litigation risk with respect to PPP allocation, as well as increased regulatory scrutiny and/or potential enforcement actions; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in WFC: http://www.kleinstocklaw.com/pslra-1/wells-fargo-company-loss-submission-form?id=7508&from=1

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

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

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

SOURCE: The Klein Law Firm

ReleaseID: 595005

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

LOS ANGELES, CA / ACCESSWIRE / June 23, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Groupon, Inc. ("Groupon" or "the Company") (NASDAQ:GRPN) 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 November 4, 2019 and February 18, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before June 29, 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 310-301-3335, 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. Groupon's Goods category was suffering from a low number of customer engagements. The Company relied on this business segment to drive sales, especially in the holiday season. This weakening performance was likely to reduce the Company's sales. 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 Groupon, 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: 595003

INVESTOR DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ryder System, Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 23, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Ryder System, Inc. ("Ryder" or "the Company") (NYSE:R) 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 July 23, 2015 and February 13, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before July 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 310-301-3335, 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. Ryder engaged in a pattern of overstating the residual value of its vehicles, which in turn inflated its financial results. The Company lacked any basis for the belief that its vehicles would sell for the values it assigned to them. The Company overstated these vehicles to such a degree that it was forced to take a $357 million depreciation charge related to the reduction of residual values in 2019. 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 Ryder, 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
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 594999

Alex Geordan Looks to Continue Helping Students Educators and Schools

Alex Geordan's History is a Portrait of An Educator, Administrator, Facilitator, and Leader

CANFIELD, OH / ACCESSWIRE / June 23, 2020 / His track record speaks for itself and now Alex Geordan will be looking to continue his successful history of helping and improving educational and administrative systems for students, teachers, and schools. Even before his role as Superintendent of the Canfield School system, Alex Geordan made a difference early and often.

Alex Geordan began his career as an educator in 1994, teaching at Devon Elementary in Warren, OH, after obtaining a Bachelor of Science degree from Youngstown State University. Alex Geordan continued his studies even as a teacher, earning a Master's degree in Education Administration in 1998.

As someone passionate about education, Alex Geordan wasted no time putting that degree to use assuming the role of Assistant Principal at East Middle School in Warren in 1999. That also marked the beginning of his career not only as an educator but also as an administrator. It was only six years later, in 2005 that Alex Geordan also earned his Superintendent's Certificate.

As to be expected, just a few short years later Alex Gordan was hired as the Superintendent of Pymatuning Valley Local School District. While his time there was brief before moving on to continue helping other school systems, his school district improved from 15 of 26 state indicators passed by students to 23 of 26 passed. And the accolades only continued from there.

In his latest tenure of Superintendent of Canfield Local Schools, the administration stated that it was "proud of the progress of Canfield Local Schools under Mr. Geordan's leadership and recognizes the many accomplishments the district has achieved during his time as superintendent." For Alex Geordan, these words have become a common chorus wherever he has stepped up to educate and lead.

Alex Geordan Discusses Summer Enrichment

Alex Geordan has also spent his time as a summer enrichment teacher, in addition to lending his time to a district language arts committee. Beyond that, Alex Geordan has merely had a few successful grant writing projects and spent time coaching basketball and football.

This is Alex Geordan, and this is a picture of an educator, administrator, and leader who is committed to helping our youth. From leading schools with new educational tools and techniques to empower students through sport and activity, Alex Geordan continues helping students, educators, and schools – because that is what he does.

CONTACT:

Caroline Hunter
Web Presence, LLC
+1 7865519491

SOURCE: Web Presence, LLC

ReleaseID: 594951

SHAREHOLDER ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Sorrento Therapeutics, Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 23, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Sorrento Therapeutics, Inc. ("Sorrento" or "the Company") (NASDAQ:SRNE) 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 May 15, 2020 and May 22, 2020, inclusive (the ''Class Period'') are encouraged to contact the firm before July 27, 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 310-301-3335, 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. Sorrento announced an initial finding of "100% inhibition" of an in vitro virus infection, but this finding will not necessarily translate to safety or success in person or in vivo. The Company did not find a "cure" for COVID-19. 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 Sorrento, 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.,
Office: 310-301-3335
www.schallfirm.com
info@schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 594995

MEMRI Welcomes The Return Of Vice President Amb. Alberto M. Fernandez

WASHINGTON,DC / ACCESSWIRE / June 23, 2020 / The Middle East Media Research Institute (MEMRI) is pleased to announce the long-anticipated June 2020 return of Ambassador Alberto M. Fernandez as Vice President of MEMRI. Ambassador Fernandez previously held this position from May 2015 to July 2017, when he left to accept the post of President of the Middle East Broadcasting Networks (MBN) which he held until June 2020.

Amb. Fernandez has served as a U.S. Foreign Service Officer since 1983. Among his positions were:

Head of the State Department's Coordinator for the Center for Strategic Counterterrorism Communications from 2012 to 2015
U.S. Ambassador to the Republic of Equatorial Guinea from 2009 to 2012
U.S. Charge d'Affaires to the Republic of Sudan from 2007 to 2009
Director for Near East Public Diplomacy from 2005 to 2007
Director for Iraq Public Diplomacy from 2004 to 2005
Senior public diplomacy positions at the U.S. Embassies in Afghanistan, Jordan, Syria, and Guatemala
Foreign Service officer in Kuwait, Nicaragua, the Dominican Republic, and the United Arab Emirates
USIA desk officer for Egypt, Yemen, and Sudan.

A career member of the Senior Foreign Service with the rank of Minister-Counselor, Amb. Fernandez has received numerous prestigious awards, among them the Presidential Meritorious Service Award (2008), the Edward R. Murrow Award for Excellence in Public Diplomacy (2006), and Superior Honor Award for his work in Afghanistan (2003). His performance also garnered Senior Foreign Service performance recognition in 2010, 2009, 2008, 2007, 2006, 2005, and 2002. Amb. Fernandez is a graduate of the 46th (2003-2004) Senior Seminar, the State Department's premier senior management course.

After arriving in the U.S. as a refugee from Cuba in 1959, he served in the U.S. Army (1976-1979) and graduated from the University of Arizona and the Defense Language Institute. His writings have been published extensively, in publications such as Brookings: Markaz, ReVista: the Harvard Review of Latin America; Middle East Quarterly; Journal of the Assyrian Academic Society (JAAS); Providence; Cipher Brief; AFPC Almanac of Islamism; Journal of International Security Affairs; Gatestone Institute; The European Conservative; The University Bookman; Foreign Service Journal; Defense Dossier; The Washington Post; and the SAGE Handbook of Propaganda. He has lectured and debated on U.S. foreign policy in numerous public venues worldwide. In addition to English, Amb. Fernandez speaks fluent Spanish and Arabic.

ABOUT MEMRI

Exploring the Middle East and South Asia through their media, MEMRI bridges the language gap between the West and the Middle East and South Asia, providing timely translations of Arabic, Farsi, Urdu-Pashtu, Dari, and Turkish media, as well as original analysis of political, ideological, intellectual, social, cultural, and religious trends.

Founded in February 1998 to inform the debate over U.S. policy in the Middle East, MEMRI is an independent, nonpartisan, nonprofit, 501(c)3 organization. MEMRI's main office is located in Washington, DC, with branch offices in various world capitals. MEMRI research is translated into English, French, Polish, Japanese, Spanish and Hebrew.

MEMRI – Middle East Media Research Institute: https://www.memri.org

Contact Information:

MEMRI
media@memri.org
202-955-9070
www.memri.org

SOURCE: Middle East Media Research Institute 

ReleaseID: 594941

SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of the Following Companies: Second Sight Medical Products, Inc. (NasdaqGS – EYES), A10 Networks, Inc. (NYSE – ATEN), MoSys, Inc. (NasdaqGS – MOSY)

BALA CYNWYD, PA / ACCESSWIRE / June 23, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims regarding the following companies for possible breaches of fiduciary duty and other violations of state law. If you own shares of any of the below-referenced stocks and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or calling toll free 877-534-2590. There is no cost or financial obligation to you.

Second Sight Medical Products, Inc. (NASDAQGS:EYES)

The investigation concerns whether the Second Sight Board failed to comply with state law and whether that failure to comply contributed to a reduction in share value. For example, on June 22, 2020, the stock closed at $1.09 and is trading well below the 52-week high of $8.96.

For more information, please go to, http://www.brodskysmith.com/cases/second-sight-medical-products-inc-nasdaqgs-eyes/, or call 877-534-2590. There is no cost or obligation to you.

A10 Networks, Inc. (NYSE:ATEN)

The investigation concerns whether the ATEN Board failed to comply with state law and whether that failure to comply contributed to a reduction in share value. For example, on June 11, 2020, the stock closed at $6.53 and is trading well below the 52-week high of $8.29. Additionally, the 12-month average analyst price target for ATEN is $9.50 per share.

Click here to learn more http://www.brodskysmith.com/cases/a10-networks-inc-nyse-aten/, or call: 877-534-2590. There is no cost or obligation to you.

MoSys, Inc. (NASDAQGS:MOSY)

The investigation concerns whether the Mosys Board failed to comply with state law and whether that failure to comply contributed to a reduction in share value. For example, on June 15, 2020, the stock closed at $1.92 and is trading well below the 52-week high of $4.65.

Click here to learn more, http://www.brodskysmith.com/cases/mosys-inc-nasdaqgs-mosy, or call: 877-534-2590. There is no cost or obligation to you.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

ReleaseID: 594949

Cheaper Car Insurance For Senior Drivers – Top Tips

LOS ANGELES, CA / ACCESSWIRE / June 23, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org/) announces a new blog post, "How Senior Drivers Can Protect Their Car Insurance Rates from Rising?", that presents several important tips that will senior drivers keep car insurance costs under control.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/how-senior-drivers-can-protect-their-car-insurance-rates-from-rising

Sooner or later, senior drivers will have to deal with a major increase in their car insurance costs. Even if they have perfect driving records with zero accidents and traffic tickets, their insurance rates will still increase. Some might feel that their insurers are discriminating because of their age, but insurance companies are legally allowed to charge any premium they want based on the driving record and age.

Senior drivers can save money on insurance if they follow the next methods:

Change the driving status. Retired senior drivers are recommended to change their driving status to pleasure or leisure. The new status will cover the senior driver's daily routines that are not work-related. By doing so, the insurers will see the senior drivers as lower-risk and will charge less on their premiums
Graduate a defensive driving course. Many states mandate that senior drivers be given discounts for taking approved driving courses. These courses take only a few hours and can be taken in an afternoon or a weekend. These courses will help drivers refresh their driving skills and knowledge.
Join a UBI program. Senior drivers can save as much as 40% by joining a usage-based insurance program. A device will be installed in their vehicles in order to record the mileage and various driving habits like speed, braking tendencies, and acceleration.
Drop a driver from the policy. In states that don't require all licensed drivers in a household to have car insurance, senior drivers can exclude anyone who no longer drives from their policies in order to save money on car insurance. Usually, excluded persons are older spouses or parents.
Make the car safer. Another great method for saving money on insurance is to install approved safety devices. Seniors can pay less on insurance if they install devices like rearview cameras, collision warning systems, and parking assist.
Compare quotes. Seniors should shop around and compare different car insurance quotes. Insurance companies have different premiums for different groups of people. Using a brokerage website to compare multiple insurance quotes is the ideal method that will help seniors find better insurance deals.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

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.

"Car insurance companies are allowed to increase the senior's premiums based on their age. Fortunately, many methods can help them lower the insurance costs", said Russell Rabichev, Marketing Director of Internet Marketing Company.

CONTACT:

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

SOURCE: Internet Marketing Company

ReleaseID: 594897

SmartCone Aims to Dominate the Industrial Internet of Things (IIoT) Market

OTTOWA, ON / ACCESSWIRE / June 23, 2020 / SmartCone Technologies, Inc. has created the world's first Telecom grade mobile industrial backplane for Industrial Internet of Thangs (IIoT) system integrators. Unlike other IIoT systems, SmartCone's backplane is modular and scalable. Large organizations are looking for a robust single IIoT technology that can span multiple use cases to increase safety, streamline operations and drive profitability, which is critical in the post-COVID-19 economy.

The new IIot backplane enables large system integrators to deliver data rich industrial solutions to the largest companies in the world. The backplane is part of SmartCone's Click-IoT architecture which provides a single system to address multiple use cases at the same time without having individual power supplies and ethernet ports. The backplane also comes with options like LTE, Private LTE, Sub-1Ghz and more. SmartCone has most recently proven the capability of their IIoT system by creating the Next Generation Freight Tracking System for one of the world's largest logistics companies.

When paired with SmartCone's industrial power supply module, it ensures complex sensor system can run with ease, all receiving the proper power needed to run smoothly. Containing Ethernet, USB and Power capabilities, the Backplane allows adding quickly new devices to our Click-IoT stack while allowing for easy communication between devices and power management. This robust, industrial grade system also provides mechanical support and mounting for many of our custom electronics, ensuring that the whole system is resistant to shock and vibration, with custom mounting points and stand-offs to keep boards cool and safely attached.

About SmartCone

SmartCone Technologies Inc. (SCTI) is a unique data sensory company that commercializes new Internet-of-Things (IoT) technologies powering a wide array of sensors, edge computing, sensor fusion and artificial intelligence (AI). TheSmartCone™ solutions have been used most recently in "Return to Work" solutions during the COVID-19 pandemic, as well as securing dangerous work sites, controlling bicycle lane traffic, managing vehicle fleets, smart warehouses, crowd control, and more. Visit us at www.thesmartcone.com

For more information, please contact Tenille Houston at 613-617-7467 or tenille@thesmartcone.com.

Contact:

Tenille Houston ,COO
Phone: 613 617 7467
Email: tenille@thesmartcone.com

SOURCE: SmartCone Technologies, Inc.

ReleaseID: 594851

SHAREHOLDER ALERT: PRA FSCT CEMI: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

NEW YORK, NY / ACCESSWIRE / June 23, 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.

ProAssurance Corporation (NYSE:PRA)

If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/proassurance-corporation-loss-submission-form?prid=7506&wire=1
Lead Plaintiff Deadline: August 17, 2020
Class Period: April 26, 2019 – May 7, 2020

Allegations against PRA include that: (i) ProAssurance lacked adequate underwriting process and risk management controls necessary to set appropriate loss reserves in its Specialty P&C segment; (ii) ProAssurance failed to properly assess a large national healthcare account that experienced losses far exceeding the assumptions made when the account was underwritten; and (iii) as a result, ProAssurance was subject to materially heightened risk of financial loss and reserve charges.

Forescout Technologies, Inc. (NASDAQ:FSCT)

If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/forescout-technologies-inc-loss-submission-form-2?prid=7506&wire=1
Lead Plaintiff Deadline: August 10, 2020
Class Period: February 6, 2020 – May 15, 2020

Allegations against FSCT include that: (1) Forescout was experiencing a significant and disproportionate decline in its financial performance; (2) the foregoing was reasonably likely to have a material negative impact on Forescout's planned acquisition by Advent International Corp.; and (3) as a result of the foregoing, defendants' statements about its business and operations were materially false and misleading at all relevant times.

Chembio Diagnostics, Inc. (NASDAQ:CEMI)

If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/chembio-diagnostics-inc-loss-submission-form?prid=7506&wire=1
Lead Plaintiff Deadline: August 17, 2020
Class Period: March 12, 2020 – June 16, 2020

According to the filed complaint, defendants engaged in a scheme to deceive the market and a course of conduct that artificially inflated Chembio's stock price and operated as a fraud or deceit by misrepresenting the efficacy of the Company's Dual Path Platform ("DPP") COVID-19 test. Defendants allegedly achieved this by making false statements about Chembio's DPP COVID-19 test, although they knew or at least recklessly disregarded that there were material performance concerns with the test. When defendants' prior misrepresentations were disclosed and became apparent to the market, the price of Chembio stock fell precipitously as the prior artificial inflation came out of Chembio's stock price.

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: 594983