LOS ANGELES, CA / ACCESSWIRE / June 17, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Berry Corporation ("Berry" or "the Company") (NASDAQ:BRY) 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.

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.

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
info@schallfirm.com
www.schallfirm.com

SOURCE: The Schall Law Firm

ReleaseID: 594243

FINAL DEADLINE ALERT: Rigrodsky & Long, P.A. Reminds Shareholders Of iAnthus Capital Holdings, Inc. Of Upcoming Deadline

WILMINGTON, DE / ACCESSWIRE / June 17, 2020 / Rigrodsky & Long, P.A.: Rigrodsky & Long, P.A. reminds shareholders of iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (OTCQX:ITHUF) of an upcoming deadline involving a securities fraud class action lawsuit commenced against the Company.

R&L filed a complaint in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of iAnthus between May 14, 2018 and April 6, 2020, inclusive (the "Class Period"), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the "Complaint"). If you wish to serve as lead plaintiff, you must move the Court no later than June 19, 2020.

If you purchased shares of iAnthus during the Class Period and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Seth D. Rigrodsky or Timothy J. MacFall at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, DE 19801, by telephone at (888) 969-4242, by e-mail at info@rl-legal.com, or at http://rigrodskylong.com/cases-ianthus-capital-holdings-inc.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company's ability to pay its interest obligations under various debenture agreements. As a result of defendants' alleged false and misleading statements, the Company's stock traded at artificially inflated prices during the Class Period.

According to the Complaint, in May 2018, the Company entered into the $50 million 2018 Debenture Agreement with Gotham Green Partners ("GGP"). Among other things, that agreement provided for the withholding and escrow of $5,722,222.22 from the 2018 Debenture proceeds to pay one year's interest on the 2018 Debentures in the event of iAnthus' inability to make its interest payments under the agreement.

Then, on September 30, 2019, iAnthus and GGP entered into the Amended Debenture Agreement, which provided an additional $20 million to the Company. The Amended Debenture Agreement included the provision from the 2018 Debenture Agreement that provided for the withholding and escrow of $5,722,222.22 to pay one year's interest under the Amended Debenture Agreement in the event that iAnthus was unable to make the required interest payments.

Although iAnthus never disclosed that the $5.72 million in escrowed funds was not available to fund iAnthus' interest payments, on April 6, 2020, iAnthus announced that it had defaulted on $4.4 million in interest payments to GGP under the Amended Debenture Agreement on March 31, 2020.

On this news, shares of iAnthus fell over 61%, closing at $0.179 per share on April 6, 2020, on heavy trading volume.

A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Rigrodsky & Long, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Timothy J. MacFall
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

SOURCE: Rigrodsky & Long P.A.

ReleaseID: 594242

NEW YORK, NY / ACCESSWIRE / June 17, 2020 / Pomerantz LLP is investigating claims on behalf of investors Tactile Systems Technology, Inc. ("Tactile" or the "Company") (NASDAQ:TCMD). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Tactile 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 June 8, 2020, OSS Research published a report entitled "Strong Sell On Tactile Systems: Bloated Stock Needs Compression Therapy" (the "OSS Report"). The OSS Report asserted, among other statements, that "the likely true source of Tactile's growth" is "a kickback arrangement . . . resulting in rampant over-prescribing" and that "Medicare has launched an audit, and data reveals Tactile has been found non-compliant on 71% of its claims." The OSS report also noted that "[s]ince 2017, Tactile has seen multiple key departures" among its executive leadership.

On this news, Tactile's stock price fell $5.28 per share, or 10.05%, to close at $47.26 per share on June 8, 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: 594230

NEW YORK, NY / ACCESSWIRE / June 17, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Townsquare Media, Inc. ("Townsquare" or the "Company") (NYSE:TSQ). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Townsquare 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 June 9, 2020, Townsquare disclosed in a U.S. Securities and Exchange Commission ("SEC") filing that on June 3, 2020, the Company's management "determined that a material impairment charge to the Company's indefinite-lived intangible assets was required due to an error in the projected cash flows that were utilized in the Company's valuation model and that a material impairment charge to the Company's goodwill was required due to a change in the Company's reporting segments." Townsquare advised investors that it "expects that the impairment charge will be approximately $39.4 million on our FCC licenses and approximately $69.0 million on our goodwill" and that "[t]he impairment charges will be reflected in the Company's Annual Report on Form 10-K for the year ended December 31, 2019." In the same SEC filing, Townsquare advised investors that "our management determined that (a) our Consolidated Balance Sheets as of December 31, 2018, and 2017 and the related Consolidated Statements of Operations, Comprehensive Income, Changes in Stockholders' Equity and Consolidated Statements of Cash Flows for the years ended December 31, 2018, and 2017, respectively . . . and (b) our unaudited Quarterly Financial Data for the first three quarters of the year ended December 31, 2019, and each quarter of the year ended December 31, 2018 . . . should be restated and therefore may no longer be relied upon due to the error in the projected cash flows that were utilized in our valuation model."

On these disclosures, Townsquare's stock price fell $1.20 per share, or 18.52%, to close at $5.28 per share on June 9, 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: 594229

JACKSONVILLE, FL / ACCESSWIRE / June 17, 2020 / Sunset Capital Assets, Inc. ("Sunset" or the "Company") (OTC PINK:SNST) is pleased to announce that it has entered into a non-binding letter of intent ("LOI") dated June 12, 2020 with Aphex BioCleanse Systems , Inc. ("Aphex") pursuant to which the parties will proceed towards a complete merger. (the "Transaction").

Transaction

The final elements of the Transaction will be determined by the parties following the completion of final due diligence. The transaction is expected to have final closing by the end of July 2020. Under the terms of the LOI, all of the issued and outstanding stock, in all classes of Aphex BioCleanse Systems (the "Aphex Shares") are anticipated to be exchanged for common shares of the Public Issuer, Sunset Capital (OTC: SNST): The Company.

Effective at the closing of the Transaction, the current members of the board of directors of Aphex BioCleanse Systems will join the board of directors of the Company and the Company Directors will resign. The existing management team of Aphex BioCleanse Systems will replace the current management of the Company who will also resign.

Aphex BioCleanse Systems

Aphex BioCleanse Systems, Inc., based in Rochester NY, has developed a revolutionary disinfectant germ, virus and bug killing formulation under the Trade Name Hy-IQ which is produced through a Proprietary Trade Secret manufacturing process. Hy-IQ kills germs, viruses and even larger bugs by marshalling the natural forces of Hydrogen in a methodology never believed possible to be produced in larger scale Commercial Manufacturing Production. The base Hy-IQ formula contains no alcohol, chlorine or other chemicals, and relies on physics, not chemicals or Chemistry to kill germs, viruses and bugs. Aphex, Hy-IQ has been proven to effectively eliminate many viruses, bacteria, molds, fungi and other "bugs". David Weaver, the CEO of Aphex, says, "Hy-IQ is positioned to revolutionize the disinfecting and pesticide world at a level that can best be described as revolutionary. We at Aphex are excited about the potential to merge our Company and amazing technology into Sunset and look forward to a successful conclusion to the merger process". To learn more about Aphex and the revolutionary products, please visit online at www.aphexus.com.

Sunset Capital Assets

Sunset Capital Assets has operated as a boutique, global, investment and advisory firm headquartered in Jacksonville, FL and founded in 2012. Sunset has taken a pioneering, consulting-based approach to corporate equity investing, partnering with management teams to work to build value. Sunset Title Corporation has been in successful operation for many years. Its management has determined that the best way to responsibly build share holder value is to align itself with Aphex, whose unique and distinguished technology and global market potential could have a significant impact to its overall public capital structure.

Contact

Investor Relations:
Sunset Capital Assets, Inc.
1.904.325.7055
info@sunsetcapitalasset.com

Forward-Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", " expects" or "does not expect", "proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward-looking statements and information concerning the Transaction. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

SOURCE: Sunset Capital Assets, Inc.

ReleaseID: 594200

NEW YORK, NY / ACCESSWIRE / June 17, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Kandi Technologies Group, Inc. ("Kandi" or the "Company") (NASDAQ:KNDI). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Kandi 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 November 14, 2016, Kandi announced the abrupt resignation of Cheng Wang as the Company's Chief Financial Officer. On this news, Kandi's stock price fell $0.40 per share, or more than 10%, to close at $3.50 per share on November 14, 2016. Then, on March 13, 2017, Kandi disclosed in a filing with the U.S. Securities and Exchange Commission ("SEC") that its previously issued financial statements for the years ended December 31, 2014 and 2015, and for the first three quarters of the year ended December 31, 2016 would need to be restated. On this news, Kandi's stock price fell $0.30 per share, or approximately 6%, to close at $4.05 per share on March 14, 2017.

On March 16, 2017, Kandi filed its annual report for fiscal year 2016 with the SEC, in which the Company disclosed that there were material weaknesses in the Company's internal controls.

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: 594224

NEW YORK, NY / ACCESSWIRE / June 17, 2020 / Pomerantz LLP is investigating claims on behalf of investors Hebron Technology Co. ("Hebron" or the "Company") (NASDAQ:HEBT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Hebron 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 June 3, 2020, the investment analyst firm Grizzly Research published a report, entitled "We Believe Hebron Technology Co., Ltd. (HEBT) is an Insider Enrichment Scheme without Economic Basis." According to the report, Hebron "is a stock manipulation scheme that engaged in undisclosed related party acquisitions and undisclosed private placement transactions that have artificially inflated the stock price."

On this news, Hebron's stock price fell $8.26 per share, or 36.63%, to close at $14.29 per share on June 3, 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: 594223

NEW YORK, NY / ACCESSWIRE / June 17, 2020 / Pomerantz LLP announces that a class action lawsuit has been filed against Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE:WFC) and certain of its officers. The class action, filed in United States District Court for the Northern District of California, and indexed under 20-cv-03697, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired Wells Fargo securities between April 5, 2020, and May 5, 2020, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are a shareholder who purchased Wells Fargo securities during the class period, you have until August 3, 2020, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here for information about joining the class action]

Wells Fargo is a diversified financial services company that provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals, businesses, and institutions in the U.S. and internationally.

On April 5, 2020, Wells Fargo announced that it had received strong interest in the Paycheck Protection Program ("PPP"), a program under the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), and was targeting to distribute a total of $10 billion to small business customers under the requirements of the PPP.

On April 8, 2020, the Federal Reserve announced that it would allow Wells Fargo to exceed the asset cap that it had imposed on Wells Fargo in 2018 after revelations that the Company had opened millions of accounts in customers' names without their permission, a change which would allow Wells Fargo to make additional small business loans as part of the PPP.

That same day, Wells Fargo issued a press release stating, in relevant part, that, "beginning immediately, in response to the actions by the Federal Reserve, [Wells Fargo] will expand its participation in the [PPP] and offer loans to a broader set of its small business and nonprofit customers subject to the terms of the program."

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Wells Fargo's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (i) Wells Fargo planned to, and did, improperly allocate government-backed loans under the 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.

On April 19, 2020, after at least one lawsuit was filed against the Company, reports emerged that Wells Fargo may have unfairly allocated government-backed loans under the PPP. For example, USA Today reported that "[t]he lawsuit filed on behalf of small business owners on Sunday alleges that Wells Fargo unfairly prioritized businesses seeking large loan amounts, while the government's small business agency has said that PPP loan applications would be processed on a first-come, first-served basis." According to the lawsuit, "[t]he move by Wells Fargo meant that the bank would receive millions more dollars in processing fees," and, "[m]aking matters worse, Wells Fargo concealed from the public that it was reshuffling the PPP applications it received and prioritizing the applications that would make the bank the most money."

Following this news, Wells Fargo's stock price fell more than 5% over two trading days to close at $26.84 per share on April 21, 2020.

Finally, on May 5, 2020, Wells Fargo filed a quarterly report on Form 10-Q with the Securities and Exchange Commission, disclosing, in addition to multiple PPP-related lawsuits initiated against the Company, that Wells Fargo had "received formal and informal inquiries from federal and state governmental agencies regarding its offering of PPP loans."

Following this news, Wells Fargo's stock price fell by more than 6% over two trading days from its closing price on May 4, 2020, closing at $25.61 per share on May 6, 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: 594222