Tag: Pomerantz

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

Release

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

1 April 2020

In November 2019, Canaan completed its initial public offering (“IPO”), selling 10 million American Depositary Shares (“ADSs”) priced at $9.00 per share. Then, on February 20, 2020, an investment analyst publishing under the pseudonym Marcus Aurelius published a short report entitled “Canaan Fodder.” The report alleged, among other things, that Canaan was engaged in several undisclosed related-party transactions that lacked economic substance, including the sale of $150 million worth of equipment to a small Hong Kong company with an undisclosed relationship with a significant Canaan shareholder.

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

Release

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

30 March 2020

In December 2019, XP conducted its initial public offering (“IPO”), offering 72,510,641 shares of common stock priced at $27.00 per share. Then, on March 6, 2020, The Winkler Group published a short report questioning the accuracy of XP’s financial statements. Among other allegations, the report alleges significant discrepancies between XP’s internal audits and the financial statements that XP provided investors in its IPO prospectus. The report also alleges that “XP fired its auditor after the auditor found material weaknesses in its financial reporting[.]”

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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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Article: SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NexTech AR Solutions Corporation – (NEXCF)

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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NexTech AR Solutions Corporation – (NEXCF)

GLOBE NEWSWIRE, 11 February 2020

On February 10, 2020, Hindenburg Research published a report entitled “NexTech AR: Relentless Stock Promotion, Sketchy Related Party Transactions and a Vaporware Product—Price Target: $0,” alleging, among other things, that NexTech had “virtually no credible business prospects and appears to be focused almost entirely on promoting its stock and insider self-dealing.” On this news, NexTech’s stock price fell $0.36 per share, or 21.73%, to close at $1.29 per share on February 10, 2020.
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Release: SHAREHOLDER ALERT Pomerantz Law Firm Investigates Claims on Behalf of Investors of Overstock.com, Inc. – OSTK

Release

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Overstock.com, Inc. – OSTK

11 November 2019

Pomerantz LLP is investigating claims on behalf of investors of Overstock.com, Inc. (“Overstock” or the “Company”) ( OSTK). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

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

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Release: SHAREHOLDER ALERT Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Momo Inc. of Class Action Lawsuit and Upcoming Deadline – MOMO

Release

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Momo Inc. of Class Action Lawsuit and Upcoming Deadline – MOMO

17 June 2019

Pomerantz LLP announces that a class action lawsuit has been filed against Momo Inc. (“Momo” or the “Company”) (NASDAQ: MOMO) and certain of its officers. The class action, filed in United States District Court, for the Southern District of New York, and indexed under 19-cv-04433, is on behalf of a class consisting of all persons and entities who purchased or otherwise acquired Momo securities between April 21, 2015 and April 29, 2019, 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.

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Release: SHAREHOLDER ALERT Pomerantz Law Firm Investigates Claims On Behalf of Investors of 3M Company – MMM

Release

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of 3M Company – MMM

3 May 2019

On April 25, 2019, 3M reported its financial and operating results for the first quarter of 2019, which fell significantly short of market expectations. 3M announced a $548 million charge in the quarter to resolve current and future litigation, reflecting a reserve of $235 million for “certain environmental matters and litigation” and an additional $313 million to address current and expected coal mine dust lawsuits in Kentucky and West Virginia. The Company also announced plans to cut 2,000 jobs worldwide as part of a restructuring due to a slower-than-expected 2019, and lowered its full-year earnings guidance to a range of $9.25 to $9.75 per share, compared to its prior outlook of $10.45 to $10.90 per share.

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