SHAREHOLDER ALERT: AFI ET GRUB: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

NEW YORK, NY / ACCESSWIRE / January 9, 2020 / The Law Offices of Vincent Wong announced 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.

Armstrong Flooring, Inc. (NYSE:AFI)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/armstrong-flooring-inc-loss-submission-form?prid=5219&wire=1
Lead Plaintiff Deadline: January 14, 2020
Class Period: March 6, 2018 to November 4, 2019

Allegations against AFI include that: (1) the Company had engaged in channel stuffing to artificially boost sales; (2) the Company's internal control over inventory levels was not effective; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis

Energy Transfer LP (NYSE:ET)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/energy-transfer-lp-loss-submission-form?prid=5219&wire=1
Lead Plaintiff Deadline: January 21, 2020
Class Period: February 25, 2017 to November 11, 2019

Allegations against ET include that: (i) Energy Transfer's permits to conduct the Mariner East pipeline project in Pennsylvania were secured via bribery and/or other improper conduct; (ii) the foregoing misconduct increased the risk that the Partnership and/or certain of its employees would be subject to government and/or regulatory action, thereby depreciating the Partnership's unit value; and (iii) as a result, the Partnership's public statements were materially false and misleading at all relevant times.

Grubhub Inc. (NYSE:GRUB)

If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/grubhub-inc-loss-submission-form?prid=5219&wire=1
Lead Plaintiff Deadline: January 21, 2020
Class Period: July 30, 2019 to October 28, 2019

Allegations against GRUB include that: (i) customer orders were actually declining, despite the massive investments that the Company had made to spur demand for and use of its platform; (ii) Grubhub's new customer additions were generating significantly lower revenues as compared to historic cohorts because these customers were more prone to using competitor platforms; (iii) Grubhub's vaunted business model under which it secured exclusive partnerships had failed, and Grubhub needed to engage in the same aggressive nonpartnered sales tactics embraced by its competitors to generate significant revenue growth; (iv) Grubhub was required to spend substantial additional capital in order to grow revenues and retain market share in the face of heightened competitive dynamics and market saturation, eviscerating the Company's profitability; and (v) Grubhub was tracking tens of millions of dollars below its revenue and earnings guidance and such guidance lacked any reasonable basis.

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 litigation 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: Vincent Wong, Esq.

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