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Article: How phantom shares on Wall Street threaten U.S. companies and investors

Article - Media

How phantom shares on Wall Street threaten U.S. companies and investors

Lucy Komisar

The Komisar Scoop, 26 March 2020

As stocks are in free fall, a scam run by the big banks/broker-dealers for the benefit of themselves and their hedge fund clients threatens to worsen the situation of large and small American companies and investors.

It’s when the bank/broker-dealers buy stocks, pocket the money and fail to deliver to clients the shares they are supposed to settle through the national stock clearing house. In another industry that might be called embezzling.

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Release: SHAREHOLDER ALERT Pomerantz Law Firm Investigates Claims On Behalf of Investors of LAIX Inc. – LAIX

Release

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of LAIX Inc. – LAIX

25 March 2020

Pomerantz LLP is investigating claims on behalf of investors of LAIX Inc. (“LAIX” or the “Company”) (NASDAQ: LAIX). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether LAIX and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

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Release: DOUYU ALERT Bragar Eagel & Squire, P.C. Announces That a Securities Class Action Lawsuit Has Been Filed Against DouYu International Holdings Limited and Encourages Investors to Contact the Firm

Release

DOUYU ALERT: Bragar Eagel & Squire, P.C. Announces That a Securities Class Action Lawsuit Has Been Filed Against DouYu International Holdings Limited and Encourages Investors to Contact the Firm

25 March 2020

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors that purchased DouYu International Holdings Limited (NASDAQ: DOYU) securities pursuant and/or traceable to DouYu’s July 16, 2019 initial public offering (the “IPO” or “Offering”). Investors have until May 26, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

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Release: Pharmacielo LTD. Class Action Alert Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York against PharmaCielo Ltd.

Release

Pharmacielo LTD. Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York against PharmaCielo Ltd.

18 March 2020

Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of purchasers of the securities of PharmaCielo Ltd. (OTC: PCLOF) between June 21, 2019 and March 2, 2020, inclusive (the “Class Period”).

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Release: INVESTOR ACTION ALERT The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Canaan Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Release

INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Canaan Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

17 March 2020

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Canaan Inc. (“Canaan” or “the Company”) (NASDAQ: CAN) for violations of the federal securities laws.

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Release: FORTY SEVEN ALERT Bragar Eagel & Squire, P.C. Investigates Sale of FTSV and Encourages Investors to Contact the Firm

Release

FORTY SEVEN ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of FTSV and Encourages Investors to Contact the Firm

17 March 2020

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Forty Seven, Inc. (NASDAQ: FTSV) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with Gilead Sciences, Inc.

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Article: How Underwriters and Short Sellers Manipulate Share Prices Ahead of Stock Offerings

Article - Media

How Underwriters and Short Sellers Manipulate Share Prices Ahead of Stock Offerings

Interactive Swing Trades, 14 March 2020

This report is going to show you the techniques used by short sellers and underwriters to manipulate the price of public companies ahead of stock offerings. You will also learn of an industry trick known as “Gun and Run”. As of yet, this is the only report of its kind.

Read full report.

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Article: How Short Sellers Become Targets During Market Routs

Article - Media

How Short Sellers Become Targets During Market Routs

Lisa Pham

Bloomberg, 13 March 2020

During times of market turmoil, short sellers become a target. After prices plunged in a stock market rout on Thursday, March 12, regulators in various countries attempted to bring stability by restricting equity short selling, or betting with borrowed shares. Shorts, as these bettors are known, say their trading helps keep markets functioning smoothly. Critics say their actions can blur into market manipulation. Regulators keep a wary eye on them during periods of acute market distress, such as now during the coronavirus pandemic.

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Release: DEADLINE ALERT Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Portola Pharmaceuticals, Inc. and Encourages Investors to Contact the Firm

Release

DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Portola Pharmaceuticals, Inc. and Encourages Investors to Contact the Firm

11 March 2020

Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased Portola Pharmaceuticals, Inc. (NASDAQ:PTLA) securities between January 8, 2019 and February 26, 2020 (the “Class Period”). Investors have until March 16, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

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Article: It’s a ‘Swimming Naked’ Moment: The Financial System Has a Real Test

Article - Media

It’s a ‘Swimming Naked’ Moment: The Financial System Has a Real Test

James B. Stewart

New York Times, 10 March 2020

The investor Warren Buffett once gave a famous warning: “It’s only when the tide goes out that you learn who’s been swimming naked.”

The tide has just gone out again, and clues to who’s been swimming naked have begun to emerge.

Mr. Buffett first made that comment in 1992, after Hurricane Andrew exposed the inadequacies of the insurance industry, to describe the rosy appearances that can mask financial recklessness until the good times end.

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Release: LK DEADLINE NOTICE Pawar Law Group Reminds Investors of Deadline in Securities Class Action Lawsuit Against Luckin Coffee Inc. LK

Release

LK DEADLINE NOTICE: Pawar Law Group Reminds Investors of Deadline in Securities Class Action Lawsuit Against Luckin Coffee Inc. LK

9 March 2020

Pawar Law Group announces that a class action lawsuit on behalf of shareholders who purchased shares of Luckin Coffee Inc. (NASDAQ:LK) from November 19, 2019 through January 31, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Luckin Coffee Inc. investors under the federal securities laws.

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Release: INVESTOR ALERT Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Canaan Inc. (CAN) Investors

Release

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Canaan Inc. (CAN) Investors

5 March 2020

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Canaan Inc. (“Canaan” or the “Company”)  securities pursuant and/or traceable to the Company’s registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with its November 20, 2019 initial public offering (“IPO”). Canaan investors have until May 4, 2020 to file a lead plaintiff motion.

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Article: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Canaan, Inc. and Encourages Investors to Contact the Firm

Article - Media

Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Canaan, Inc. and Encourages Investors to Contact the Firm

Business Wire, 5 March 2020

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the District of Oregon on behalf of investors that purchased Canaan, Inc. (NASDAQ: CAN) securities pursuant or traceable to the Company’s initial public offering, which commenced on or about November 20, 2019 (the “IPO” or “Offering”). Investors have until May 4, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

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