Shareholder – Kat Masters http://katmasters.com/ Tue, 21 Sep 2021 21:37:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://katmasters.com/wp-content/uploads/2021/06/icon-2021-06-25T173039.237-150x150.png Shareholder – Kat Masters http://katmasters.com/ 32 32 SHAREHOLDER ALERT: Law Firm Pomerantz Reminds Shareholders Who Have Suffered Losses On Their Investment In LoanDepot, Inc. Of Class Action And Upcoming Deadline https://katmasters.com/shareholder-alert-law-firm-pomerantz-reminds-shareholders-who-have-suffered-losses-on-their-investment-in-loandepot-inc-of-class-action-and-upcoming-deadline/ https://katmasters.com/shareholder-alert-law-firm-pomerantz-reminds-shareholders-who-have-suffered-losses-on-their-investment-in-loandepot-inc-of-class-action-and-upcoming-deadline/#respond Tue, 21 Sep 2021 21:37:00 +0000 https://katmasters.com/shareholder-alert-law-firm-pomerantz-reminds-shareholders-who-have-suffered-losses-on-their-investment-in-loandepot-inc-of-class-action-and-upcoming-deadline/ New York, New York – (Newsfile Corp. – September 21, 2021) – Pomerantz LLP announces that a class action lawsuit has been filed against LoanDepot, Inc. (“loanDepot” or the “Company”) (NYSE: LDI) and certain of its officers. The class action suit, filed in the United States District Court for the Central District of California, and […]]]>

New York, New York – (Newsfile Corp. – September 21, 2021) – Pomerantz LLP announces that a class action lawsuit has been filed against LoanDepot, Inc. (“loanDepot” or the “Company”) (NYSE: LDI) and certain of its officers. The class action suit, filed in the United States District Court for the Central District of California, and registered as 21-cv-01513, is in the name of a larger group consisting of all persons and entities other than the defendants who have purchased or otherwise acquired LoanDepot in accordance with or traceable to the Company’s registration statement and prospectus (together, the “Offer Documents”) issued in connection with the Company’s initial public offering on February 16, 2021 ( the “IPO” or “the“ Offer ”), seeking remedies under Sections 11 and 15 of the Securities Act of 1933 (the“ Securities Act ”).

If you are a shareholder who purchased LoanDepot securities during the extended recourse period, you have until November 8, 2021 to ask the court to appoint you as the principal plaintiff of the recourse. A copy of the complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, Ext. 7980. Those inquiring by e-mail are encouraged to provide their mailing address, telephone number and the number of shares purchased.

[Click here for information about joining the class action]

LoanDepot is an independent retail mortgage lender providing residential loans, refinancing loans and personal loan products nationwide.

The complaint alleges that the offering documents were negligently prepared and failed to disclose material adverse facts. Specifically, the Defendants failed to disclose to investors: (1) that the Company’s refinancing operations had already declined significantly at the time of the IPO due to industry overcapacity and increased competition; (2) that the profit margins on the sale of the Company had already considerably diminished at the time of the IPO; (3) that as a result, the revenues and growth of the Company would be adversely affected; (4) that the Company had already been forced to embark on a major expenditure reduction plan due to the significantly lower growth and the refinancing arrangements that the Company was experiencing; (5) that due to the foregoing, the positive statements of the Defendants regarding the activities, operations and prospects of the Company were materially misleading and / or lacked reasonable basis; and (6) that the business, prospects and growth capacity of the Company had been significantly compromised at the time of the IPO due to unfavorable trends in the industry, sales and earnings.

As of August 17, 2021, LoanDepot shares have fallen to $ 8.07 per share, down more than 42% from the IPO price of $ 14 per share, after falling in response to reports reflecting the materialization of material risks distorted and omitted in the offer documents as alleged in the complaint.

Pomerantz, with offices in New York, Chicago, Los Angeles and Paris, is recognized as one of the leading firms in the areas of corporate law, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as the Dean of the Class Actions Bar, Pomerantz was a pioneer in the field of securities class actions. Today, more than 80 years later, Pomerantz continues the tradition it established, fighting for the rights of victims of securities fraud, breach of fiduciary duty and professional misconduct. The firm has recovered numerous multi-million dollar damages on behalf of the members of the group. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz srl
rswilloughby@pomlaw.com
888-476-6529 ext 7980

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97241


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Twitter to pay $ 809.5 million to settle shareholder lawsuit https://katmasters.com/twitter-to-pay-809-5-million-to-settle-shareholder-lawsuit/ https://katmasters.com/twitter-to-pay-809-5-million-to-settle-shareholder-lawsuit/#respond Mon, 20 Sep 2021 19:01:24 +0000 https://katmasters.com/twitter-to-pay-809-5-million-to-settle-shareholder-lawsuit/ Twitter announced Monday that it would pay $ 809.5 million to settle a consolidated class action lawsuit alleging the company had misled investors about the growth of its user base and the number of users interacting with its platform. form. Through BARBARA ORTUTAY AP Technology Writer September 21, 2021, 05:52 • 2 minutes to read […]]]>

Twitter announced Monday that it would pay $ 809.5 million to settle a consolidated class action lawsuit alleging the company had misled investors about the growth of its user base and the number of users interacting with its platform. form.

SAN FRANCISCO – Twitter said on Monday it would pay $ 809.5 million to settle a consolidated class action lawsuit alleging the company misled investors about the growth of its user base and the number of interacting users with its platform.

The company said it plans to use cash on hand to pay the settlement in the fourth quarter of 2021. It expects to record a one-time charge as a result.

According to the lawsuit, in 2014, Twitter executives said the site’s average monthly user base is expected to increase dramatically to “over 550 million” in the medium term and “over 1 billion” in the longer term.

In 2019, Twitter stopped posting monthly user figures. At the last count this spring, that number was 330 million. Now Twitter only reports daily user figures.

And in 2017, Twitter said it overestimated its monthly user count by mistake because it included users from a third-party app that it shouldn’t have had.

Shares of Twitter Inc. fell $ 2.50, or 4%, to $ 59.95 in afternoon trading.


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Claranova: Completion of the buyout of the minority shareholders of Avanquest scheduled for the end of October 2021 https://katmasters.com/claranova-completion-of-the-buyout-of-the-minority-shareholders-of-avanquest-scheduled-for-the-end-of-october-2021/ https://katmasters.com/claranova-completion-of-the-buyout-of-the-minority-shareholders-of-avanquest-scheduled-for-the-end-of-october-2021/#respond Mon, 20 Sep 2021 17:00:00 +0000 https://katmasters.com/claranova-completion-of-the-buyout-of-the-minority-shareholders-of-avanquest-scheduled-for-the-end-of-october-2021/ PARIS–(COMMERCIAL THREAD) – Regulatory news: Claranova (Euronext Paris: FR0013426004 – CLA) (the “Company”) announces today that the buyout of minority interests in its software publishing division, Avanquest, initially scheduled for the end of September 2021, should now be finalized at the end of ‘October 2021. This schedule has been modified by mutual agreement between the […]]]>

PARIS–(COMMERCIAL THREAD) – Regulatory news:

Claranova (Euronext Paris: FR0013426004 – CLA) (the “Company”) announces today that the buyout of minority interests in its software publishing division, Avanquest, initially scheduled for the end of September 2021, should now be finalized at the end of ‘October 2021.

This schedule has been modified by mutual agreement between the Company and the minority shareholders of Avanquest to allow the statutory auditor (contribution commissioner), mandated in accordance with Articles L. 225-147 and R. 22-10-8 of the French Commercial Code for contributions in kind, to prepare a report on the fair value of the consideration paid by Claranova, required by the Autorité des marchés financiers (AMF Position-Recommendation 2020-06), based on the Company’s audited accounts for the 2020-2021 fiscal year. These financial statements are expected to be released on October 20, in accordance with the Company’s financial reporting schedule.

The terms of the initial binding agreement between the Company and the minority shareholders of Avanquest are not affected by this new schedule and the terms and conditions of the transaction remain unchanged.

As a reminder, as part of the strategic investment in early August by institutional investors Heights Capital Management and Ophir Asset Management for an amount of 65 million euros, Claranova announced a firm agreement to buy out the minority interests of Avanquest as part of an operation providing for payment by a mix of cash, securities and debt for a total amount of 98 million euros. The financial conditions of this transaction are presented in the press release of August 11, 2021, available on the Company’s website.

Financial calendar:

20 October 2021: Results for the 2020-2021 financial year

About Claranova:

Claranova is a global technology company, home to digital brands and services that are trusted by millions of users around the world. With an average annual growth of more than 40% over the last three years and a turnover of 472 million euros for the fiscal year 2020-2021, Claranova has proven its ability to transform a simple idea into a global success in just a few years. Present in 15 countries and leveraging the technological expertise of its 700+ employees in North America and Europe, Claranova is a truly international company, with 95% of its turnover coming from international markets.

A leader in personalized e-commerce, Claranova also stands out for its technological expertise in software publishing and the Internet of Things, through its PlanetArt, Avanquest and myDevices activities. These three technology platforms share a common vision: to empower people through innovation by providing simple and intuitive digital solutions that facilitate daily access to the best of technology.

For more information on the Claranova Group:

https://www.claranova.com Where https://twitter.com/claranova_group

CODES

Teleprinter:
CLA

IS IN:FR0013426004

www.claranova.com



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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Yalla Group Limited Investors https://katmasters.com/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-yalla-group-limited-investors/ https://katmasters.com/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-yalla-group-limited-investors/#respond Mon, 20 Sep 2021 03:28:00 +0000 https://katmasters.com/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-yalla-group-limited-investors/ NEW YORK, September 19, 2021 / PRNewswire / – Pomerantz LLP is investigating claims on behalf of investors in Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA). These investors are advised to contact Robert S. Willoughby To [email protected] or 888-476-6529, ext. 7980. The purpose of the investigation is to determine whether Yalla and any […]]]>

NEW YORK, September 19, 2021 / PRNewswire / – Pomerantz LLP is investigating claims on behalf of investors in Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA). These investors are advised to contact Robert S. Willoughby To [email protected] or 888-476-6529, ext. 7980.

The purpose of the investigation is to determine whether Yalla and any of its officers and / or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

At May 19, 2021, Swan Street Research (“Swan Street”) published a report on Yalla, titled “Is Yalla Group a Multi $ B Fraud? The ‘Clubhouse of the Middle East‘UAE Tech Unicorn that Never Was. ”The Swan Street report alleges, among other things, that the company is inflating its measures, including its revenues, and calls Yalla’s financial statements“ not credible ”.

Following this news, the price of Yalla’s US depositary stock (“ADS”) fell. $ 1.31 by ADS, or 7.15%, to close at $ 17.01 by ADS on May 19, 2021.

The Pomerantz firm, with offices in new York, Chicago, Los Angeles, and Paris is recognized as one of the leading firms in the areas of corporate law, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz was a pioneer in the field of class actions in securities. Today, more than 80 years later, Pomerantz continues the tradition it established, fighting for the rights of victims of securities fraud, breach of fiduciary duty and professional misconduct. The firm has recovered numerous multi-million dollar damages on behalf of the members of the group. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz srl
[email protected]
888-476-6529 ext 7980

SOURCE Pomerantz LLP

Related links

www.pomerantzlaw.com


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What types of shareholders hold the majority of shares in Royal Vopak NV (AMS: VPK)? https://katmasters.com/what-types-of-shareholders-hold-the-majority-of-shares-in-royal-vopak-nv-ams-vpk/ https://katmasters.com/what-types-of-shareholders-hold-the-majority-of-shares-in-royal-vopak-nv-ams-vpk/#respond Sun, 19 Sep 2021 08:12:10 +0000 https://katmasters.com/what-types-of-shareholders-hold-the-majority-of-shares-in-royal-vopak-nv-ams-vpk/ A look at the shareholders of Royal Vopak NV (AMS: VPK) can tell us which group is more powerful. Generally speaking, as a business grows, institutions increase their participation. Conversely, insiders often decrease their ownership over time. Companies that have been privatized tend to have low insider ownership. Royal Vopak has a market cap of […]]]>

A look at the shareholders of Royal Vopak NV (AMS: VPK) can tell us which group is more powerful. Generally speaking, as a business grows, institutions increase their participation. Conversely, insiders often decrease their ownership over time. Companies that have been privatized tend to have low insider ownership.

Royal Vopak has a market cap of 4.4 billion euros, so it’s too big to go unnoticed. We expect institutions and retail investors to own a portion of the company. Looking at our data on ownership groups (below), it looks like institutional investors bought the company. We can zoom in on the different property groups, to find out more about Royal Vopak.

Check out our latest review for Royal Vopak

ENXTAM: Distribution of the VPK property on September 19, 2021

What does institutional ownership tell us about Royal Vopak?

Many institutions measure their performance against an index that approximates the local market. Thus, they generally pay more attention to companies that are included in the major indices.

As you can see, institutional investors own a significant stake in Royal Vopak. This suggests some credibility among professional investors. But we cannot rely on this fact alone because institutions sometimes make bad investments, like everyone else. When several institutions hold a stock, there is always a risk that they are in a “crowded trade”. When such a transaction goes awry, several parties may compete with each other to sell stocks quickly. This risk is higher in a company with no history of growth. You can see Royal Vopak’s historical revenue and income below, but keep in mind that there is always more to tell.

profit and revenue growth
ENXTAM: VPK Earnings and Revenue Growth September 19, 2021

We note that the hedge funds do not have a significant investment in Royal Vopak. The main shareholder of the company is HAL Investments BV, with a 48% stake. For context, the second largest shareholder owns approximately 3.0% of the outstanding shares, followed by 2.8% ownership by the third largest shareholder.

A more detailed study of the register of shareholders showed us that 2 of the major shareholders hold a considerable share of the ownership of the company, through their 51% stake.

While it makes sense to study a company’s institutional ownership data, it also makes sense to study analysts’ sentiments to know which way the wind is blowing. Many analysts cover the stock, so it can be interesting to see what they are forecasting as well.

Insider property of Royal Vopak

The definition of an insider may differ slightly from country to country, but board members still count. The management of the company is accountable to the board of directors and the board must represent the interests of the shareholders. Notably, sometimes senior executives themselves sit on the board of directors.

Insider ownership is positive when it indicates that executives think like the real owners of the company. However, strong insider ownership can also give immense power to a small group within the company. This can be negative in certain circumstances.

I can report that insiders own shares of Royal Vopak NV. It’s a big company, so it’s good to see that level of alignment. Insiders own 137 million euros in shares (at current prices). It’s good to see this level of investment from the insiders. You can check here if these insiders have bought recently.

General public property

The general public has a 25% stake in Royal Vopak. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in line with other large shareholders.

Private shareholders

Private equity firms hold a 48% stake in Royal Vopak. This suggests that they can influence key policy decisions. Some investors might be encouraged by this, as private equity is sometimes able to encourage strategies that help the market see the value of the business. Alternatively, these holders could withdraw from the investment after making it public.

Next steps:

While it is worth considering the different groups that own a business, there are other factors that are even more important. Be aware that Royal Vopak shows 3 warning signs in our investment analysis , you must know…

If you are like me, you might want to ask yourself if this business will grow or shrink. Fortunately, you can check out this free report showing analysts’ forecasts for its future.

NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last date of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.

If you decide to trade Royal Vopak, use the cheapest platform * which is ranked # 1 overall by Barron’s, Interactive brokers. Trade stocks, options, futures, currencies, bonds and funds in 135 markets, all from one integrated account. Promoted

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
*Interactive Brokers Ranked Least Expensive Broker By StockBrokers.com Online Annual Review 2020

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.


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How shareholder activism peaked in India https://katmasters.com/how-shareholder-activism-peaked-in-india/ https://katmasters.com/how-shareholder-activism-peaked-in-india/#respond Sat, 18 Sep 2021 15:59:34 +0000 https://katmasters.com/how-shareholder-activism-peaked-in-india/ From the rejection of CEO salary increases to the cancellation of promoters’ plans to delist their companies, shareholder activism has never been stronger. Even as promoters prepare to reward big bosses with big pay increases for guiding their businesses through the Covid crisis, investors want bosses to moderate their expectations as well in the event […]]]>

From the rejection of CEO salary increases to the cancellation of promoters’ plans to delist their companies, shareholder activism has never been stronger.

Even as promoters prepare to reward big bosses with big pay increases for guiding their businesses through the Covid crisis, investors want bosses to moderate their expectations as well in the event of disappointing performance.

For example, shareholders of Eicher Motors, the makers of the iconic Royal Enfield motorcycle, rejected the special resolution to re-appoint Siddhartha Lal as chief executive with a huge pay rise. Never mind that it wasn’t that long ago that they introduced Lal as the man behind the turnaround of the Royal Enfield brand.

Makarand Joshi, founding partner of MMJC and Associates LLP, says investors in Eicher Motors had no issues with Lal’s re-appointment, but did not approve the resolution on wage hikes, indicating vibrant shareholder activism taking shape in India.

Awakening

It is a wake-up call for board members and senior executives to effectively play the oversight role and avoid extending unreasonable financial support to group companies, he added.

Nonetheless, Eicher Motors re-appointed Lal as chief executive with a maximum salary cap of 1.5 percent of profits, subject to approval by mail-in ballot from shareholders.

In the previous fiscal year, Lal had received 21.12 crore yen in salary, including commissions and perquisites, while Vinod K Dasari, who resigned as CEO of Royal Enfield and executive director of Eicher Motors from Aug 13, 2021, won 25.37 crore without a profit share.

Justifying Lal’s reappointment, S Sandilya, chairman of Eicher Motors, said that when Lal took charge of Royal Enfield in 2000 the division was experiencing huge losses and had to close. He had indeed turned around the mark. But the pandemic played a spoiling role, and the motorcycle maker’s profits fell 30% to 1,330 crore yen in the previous fiscal year.

Good for retail investors

At a recent summit, SEBI Chairman Ajay Tyagi said shareholder activism is not bad as long as it protects the interests of retail investors.

Allcargo Logistics had to abandon its delisting plan after shareholders resisted the proposal tooth and nail. In August last year, promoters of Allcargo Logistics estimated that it would be difficult to raise growth capital without going private. Following resistance from shareholders, the promoters withdrew their project.

While flexibility for shareholders is good to some extent, any delay in making the right decision can lead to serious erosion of value and loss of jobs.

Unlike others, computer giant Wipro has managed to overcome shareholder activism by renaming Patrick Ennis and Patrick Dupuis as independent directors despite proxy advisers asking shareholders to vote against the proposal.

But Balaji Telefilms was not so lucky as investors rejected the proposal to increase the salaries of Ekta Kapoor (co-managing director) and her mother Shobha (managing director) and capped the commission in absolute amount.

Mohit Saraf, Founder and Managing Partner, Saraf & Partners, said the country has had brilliant successes in shareholder activism with the regulatory architecture designed to ensure certain checks and balances on the powers of promoters.


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SHAREHOLDER ALERT: WeissLaw LLP Reminds ECHO, KDMN, HRC and DVCR Shareholders of Ongoing Investigations | national news https://katmasters.com/shareholder-alert-weisslaw-llp-reminds-echo-kdmn-hrc-and-dvcr-shareholders-of-ongoing-investigations-national-news/ https://katmasters.com/shareholder-alert-weisslaw-llp-reminds-echo-kdmn-hrc-and-dvcr-shareholders-of-ongoing-investigations-national-news/#respond Fri, 17 Sep 2021 23:03:00 +0000 https://katmasters.com/shareholder-alert-weisslaw-llp-reminds-echo-kdmn-hrc-and-dvcr-shareholders-of-ongoing-investigations-national-news/ NEW YORK, September 17, 2021 / PRNewswire / – If you own shares in any of the companies listed above and would like to discuss our inquiries or have questions regarding this notice or your rights or interests, please contact: Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16e Ground new York, NY 10036 (212) 682-3025 […]]]>

NEW YORK, September 17, 2021 / PRNewswire / –

If you own shares in any of the companies listed above and

would like to discuss our inquiries or have questions regarding

this notice or your rights or interests, please contact:

Joshua Rubin, Esq.

WeissLaw LLP

1500 Broadway, 16e Ground

new York, NY 10036

(212) 682-3025

(888) 593-4771

stockinfo@weisslawllp.com

Echo Global Logistics, Inc. (NASDAQ: ECHO)

WeissLaw LLP investigates possible breaches of fiduciary duty and other violations of law by the Board of Directors of Echo Global Logistics, Inc. (NASDAQ: ECHO) in connection with the proposed acquisition of the company by funds managed by The Jordan Company, LP Under the merger agreement, the shareholders of the company will receive $ 48.25 per share in cash for each common share of Echo Global they hold. If you own ECHO shares and would like to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/echo

Kadmon Holdings, Inc. (NASDAQ: KDMN)

WeissLaw LLP investigates possible breaches of fiduciary duty and other violations of law by the Board of Directors of Kadmon Holdings, Inc. (NASDAQ: KDMN) in connection with the proposed acquisition of the Company by Sanofi (“Sanofi”). Under the terms of the Merger Agreement, the shareholders of the Company will receive $ 9.50 per share in cash for each Kadmon Holdings common share they hold. If you own KDMN shares and would like to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/kadmon-holdings-inc

Hill Rom Holdings, Inc. (NYSE: HRC)

WeissLaw LLP investigates possible breaches of fiduciary duty and other violations of law by the Board of Directors of Hill Rom Holdings, Inc. (NYSE: HRC) in connection with the proposed acquisition of the company by Baxter International Inc. Pursuant to the merger agreement, the shareholders of the company will receive $ 156.00 per share in cash for each HRC common share they hold. If you own HRC shares and would like to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/hrc

Diversicare Healthcare Services, Inc. (OTC: DVCR)

WeissLaw LLP investigates possible breaches of fiduciary duty and other violations of law by the Board of Directors of Diversicare Healthcare Services, Inc. (OTC: DVCR) in connection with the proposed acquisition of the company by DAC Acquisition LLC. Under the terms of the merger agreement, the shareholders of the company will receive $ 10.10 per share in cash for each common share of DVCR they hold. If you own any DVCR shares and would like to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/dvcr

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SOURCE WeissLaw LLP


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SLQT ALERT – Nationally classified shareholder rights firm, Labaton Sucharow, is investigating SelectQuote, Inc. (NYSE: SLQT) for potential securities violations and breach of fiduciary duty https://katmasters.com/slqt-alert-nationally-classified-shareholder-rights-firm-labaton-sucharow-is-investigating-selectquote-inc-nyse-slqt-for-potential-securities-violations-and-breach-of-fiduciary-duty/ https://katmasters.com/slqt-alert-nationally-classified-shareholder-rights-firm-labaton-sucharow-is-investigating-selectquote-inc-nyse-slqt-for-potential-securities-violations-and-breach-of-fiduciary-duty/#respond Fri, 17 Sep 2021 16:00:00 +0000 https://katmasters.com/slqt-alert-nationally-classified-shareholder-rights-firm-labaton-sucharow-is-investigating-selectquote-inc-nyse-slqt-for-potential-securities-violations-and-breach-of-fiduciary-duty/ NEW YORK, NY / ACCESSWIRE / September 17, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder advocacy firm, is investigating potential securities violations and breach of fiduciary claims against SelectQuote, Inc. (NYSE: SLQT). On May 11, 2021, SelectQuote held a conference call as part of its third quarter 2021 financial results in which […]]]>

NEW YORK, NY / ACCESSWIRE / September 17, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder advocacy firm, is investigating potential securities violations and breach of fiduciary claims against SelectQuote, Inc. (NYSE: SLQT).

On May 11, 2021, SelectQuote held a conference call as part of its third quarter 2021 financial results in which it revealed that its fourth quarter results would be impacted by a “negative cohort and tail adjustment” due to of “the persistence below the second term for the 2019 cohort.”

Following this news, the Company’s share price fell $ 5.50, or 20%, to close at $ 21.90 per share on May 12, 2021, on unusually high trading volume.

The lawsuit filed in this class action alleges that throughout the class period, the defendants made materially false and / or misleading statements, and failed to disclose material adverse facts regarding the business, operations and prospects of the society. Specifically, the defendants made false claims regarding the following: (1) that the 2019 SelectQuote cohort was underperforming; (2) that as a consequence, the financial results of the Company would be adversely affected; and (3) that as a result of the foregoing, the Defendants’ positive statements regarding the business, operations and prospects of the Company were materially misleading and / or lacked reasonable basis.

Investors who have purchased or otherwise acquired SelectQuote, Inc. (“SelectQuote” or “the Company”) (NYSE: SLQT) between February 8, 2021 and May 11, 2021 inclusive (the “Class Period”) are hereby notified that they have until October 15, 2021 to propose to the Court to serve as lead plaintiff in this action.

If you currently own stocks or options in SelectQuote, Inc. and have suffered a loss, Click here to participate.

If you would like to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or by e-mail at david@labaton.com.

About the firm
Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, as well as consumer cybersecurity and data confidentiality. Labaton Sucharow has been recognized for excellence by the courts and by his peers, and is regularly ranked in major industry publications. Offices are located in New York, NY, Wilmington, DE and Washington, DC More information on Labaton Sucharow is available at Labaton.com.

CONTACT:
David J. Schwartz
(800) 321-0476
david@labaton.com

THE SOURCE: Labaton Sucharow LLP

See the source version on accesswire.com:
https://www.accesswire.com/664516/SLQT-ALERT–Nationally-Ranked-Shareholder-Rights-Firm-Labaton-Sucharow-is-Investigating-SelectQuote-Inc-NYSESLQT-for-Potential-Securities-Violations-and -Break-out-of-fiduciary-obligation


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HONEST COMPANY SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses Over $ 100,000 of Principal Plaintiff’s Deadline in Class Action Against The Honest Company, Inc. – HNST https://katmasters.com/honest-company-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-over-100000-of-principal-plaintiffs-deadline-in-class-action-against-the/ https://katmasters.com/honest-company-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-over-100000-of-principal-plaintiffs-deadline-in-class-action-against-the/#respond Fri, 17 Sep 2021 00:25:00 +0000 https://katmasters.com/honest-company-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-investors-with-losses-over-100000-of-principal-plaintiffs-deadline-in-class-action-against-the/ NEW ORLEANS–(COMMERCIAL THREAD) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors they have up to November 15, 2021 file principal plaintiff claims in a securities class action lawsuit against The Honest Company, Inc. (NasdaqGS: HNST), if they purchased the shares of the company […]]]>

NEW ORLEANS–(COMMERCIAL THREAD) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors they have up to November 15, 2021 file principal plaintiff claims in a securities class action lawsuit against The Honest Company, Inc. (NasdaqGS: HNST), if they purchased the shares of the company issued as part of its initial public offering of shares in May 2021 (the “IPO”). This action is pending in the United States District Court for the Central District of California.

What you can do

If you have purchased shares of Honest Company as above and wish to discuss your legal rights and how this matter may affect you as well as your right to recover your economic loss, you can, without obligation or expense to you, contact KSF Managing Partner Lewis Kahn. toll free at 1-877-515-1850 or by email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-hnst/ to learn more. If you wish to act as the principal plaintiff in this class action, you must bring a petition to the Court by November 15, 2021.

About the trial

Honest Company and some of its officers are accused of failing to disclose material information in its registration statement and IPO prospectus, in violation of federal securities laws.

Alleged false and misleading statements and omissions include, without limitation, that: (i) the Company’s results have been significantly affected by a multi-million dollar inventory of COVID-19 for products in the Diapers category and wipes and Household and Welfare Category before the IPO; (ii) at the time of the IPO, the Company was experiencing a deceleration in demand for these products; (iii) as a consequence, the financial results of the Company would probably be adversely affected; and (iv) as a result of the foregoing, the Company’s statements were materially false and misleading at all material times.

The case is Dixon v. The Honest Company, Inc., et al., 21-cv-7405.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or embezzlement committed by listed companies. KSF has offices in New York, California, Louisiana, and New Jersey.

To learn more about KSF, you can visit www.ksfcounsel.com.


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WeissLaw LLP reminds shareholders of CXP, JMP, LMRK and INOV of its ongoing investigations https://katmasters.com/weisslaw-llp-reminds-shareholders-of-cxp-jmp-lmrk-and-inov-of-its-ongoing-investigations/ https://katmasters.com/weisslaw-llp-reminds-shareholders-of-cxp-jmp-lmrk-and-inov-of-its-ongoing-investigations/#respond Thu, 16 Sep 2021 12:00:00 +0000 https://katmasters.com/weisslaw-llp-reminds-shareholders-of-cxp-jmp-lmrk-and-inov-of-its-ongoing-investigations/ NEW YORK, September 16, 2021 / PRNewswire / – If you own shares in any of the companies listed above and would like to discuss our inquiries or have questions regarding this notice or your rights or interests, please contact: Joshua Rubin, Esq.WeissLaw LLP1500 Broadway, 16e Groundnew York, NY 10036(212) 682-3025(888) 593-4771[email protected] Columbia Property Trust, […]]]>

NEW YORK, September 16, 2021 / PRNewswire / –

If you own shares in any of the companies listed above and
would like to discuss our inquiries or have questions regarding
this notice or your rights or interests, please contact:

Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16e Ground
new York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]

Columbia Property Trust, Inc. (NYSE: CXP)

WeissLaw LLP investigates possible breaches of fiduciary duty and other violations of law by the Board of Directors of Columbia Property Trust, Inc. (NYSE: CXP) in connection with the proposed acquisition of the company by Pacific Investment Management Company LLC. Under the terms of the merger agreement, the shareholders of the company will receive $ 19.30 per share in cash for each CXP common share they hold. If you own CXP shares and would like to discuss this investigation or your rights, please call us or visit our website: https://www.weisslaw.co/news-and-cases/columbia-property-trust-inc-investigation

JMP SARL Group (NYSE: JMP)

WeissLaw LLP investigates possible breaches of fiduciary duty and other violations of law by the Board of Directors of JMP Group LLC (NYSE: JMP) in connection with the proposed acquisition of the company by Citizens Financial Group Inc. Pursuant to the merger agreement, the shareholders of the company will receive $ 7.50 per share in cash for each JMP common share they hold. If you own JMP shares and would like to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/jmp-group-llc-investigation

Landmark Infrastructure Partners LP (NASDAQ: LMRK)

WeissLaw LLP investigates possible breaches of fiduciary duty and other violations of law by the Board of Directors of Landmark Infrastructure Partners LP (NASDAQ: LMRK) in connection with the proposed acquisition of the company by its sponsor, Landmark Dividend LLC. Under the terms of the merger agreement, the unitholders of the company will receive $ 16.50 per cash unit for each LMRK unit they hold. If you own LMRK units and would like to discuss this investigation or your rights, please call us or visit our website: https://www.weisslaw.co/news-and-cases/lmrk

Inovalon Holdings, Inc. (NASDAQ: INOV)

WeissLaw LLP investigates possible breaches of fiduciary duty and other violations of law by the Board of Directors of Inovalon Holdings, Inc. (NASDAQ: INOV) in connection with the proposed acquisition of the company by an equity consortium led by Nordic Capital. Under the terms of the merger agreement, the shareholders of the company will receive $ 41.00 per share in cash for each INOV ordinary share they hold. If you own INOV shares and would like to discuss this investigation or your rights, please call us or visit our website: https://www.weisslaw.co/news-and-cases/inov

SOURCE WeissLaw LLP

Related links

http://weisslawllp.com


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