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

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / August 18, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against Applied Optoelectronics, Inc. (”Optoelectronics” or the ”Company”) (NASDAQ: AAOI) and certain of its officers. The class action, filed in United States District Court, Southern District of Texas, Houston Division, and docketed under 17-cv-02512, is on behalf of a class consisting of investors who purchased or otherwise acquired Optoelectronics securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Optoelectronics securities between July 13, 2017, and August 3, 2017, both dates inclusive, you have until October 4, 2017, 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. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here to join this class action]

Applied Optoelectronics, Inc. develops and manufactures advanced optical products which are the building blocks for broadband and fiber access networks primarily for Internet data center, cable television (CATV), and fiber-to-the-home (FTTH) networking end-market.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) a major customer was reducing its purchases of the Company’s 40G receivers; (ii) the loss of this major customer’s business would have a severe negative impact on the Company’s financial performance; and (iii) as a result of the foregoing, Optoelectronics’ public statements were materially false and misleading at all relevant times.

On August 3, 2017, post-market the Company issued a press release entitled ”Applied Optoelectronics Reports Second Quarter 2017 Results,” announcing the final financial results for the second quarter of 2017 ending June 30, 2017. Optoelectronics advised investors, in relevant part, that ”as we look into the third quarter, we see softer than expected demand for our 40G solutions with one of our large customers that will offset the sequential growth and increased demand we expect in 100G.”

On this news, shares of the Company fell by $33.39 per share, or more than 34%, from its previous closing price to close at $64.60 per share on August 4, 2017, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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: 473083

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Sequans Communications S.A. of Class Action Lawsuit and Upcoming Deadline – SQNS

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / August 18, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against Sequans Communications S.A. (”Sequans” or the ”Company”) (NYSE: SQNS) and certain of its officers. The class action, filed in United States District Court, Eastern District of New York, and docketed under 17-cv-04707, is on behalf of a class consisting of investors who purchased or otherwise acquired Sequans’ American Depositary Receipts (”ADRs”) securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Sequans ADRs securities between April 29, 2016, and July 31, 2017, both dates inclusive, you have until October 9, 2017 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. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

Sequans Communications SA is a fabless designer, developer and supplier of 4G semiconductor solutions for wireless broadband applications. The Company’s solutions incorporate baseband processor and radio frequency, or RF, transceiver integrated circuits, or ICs, along with its proprietary signal processing techniques, algorithms and software stacks.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was improperly recognizing revenue; and (ii) as a result of the foregoing, Sequans’ public statements were materially false and misleading at all relevant times.

On August 1, 2017, the Company issued a press release entitled ”Sequans Communications Announces Second Quarter 2017 Financial Results,” announcing the financial results for the quarter ended June 30, 2017. Sequans reported revenue of $13.2 million, citing ”a reduction of $740,000 related to a product return from an early 2016 tablet-related sale.”

On this news, Sequans’ ADR price fell $0.67, or 18.21%, to close at $3.01 on August 1, 2017, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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: 473085

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

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / August 18, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against Acacia Communications, Inc. (”Acacia” or the ”Company”) (NASDAQ: ACIA) and certain of its officers. The class action, filed in United States District Court, District of Massachusetts, and docketed under 17-cv-11504, is on behalf of a class consisting of investors who purchased or otherwise acquired Acacia securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Acacia securities between August 11, 2016, and July 13, 2017, both dates inclusive, you have until October 13, 2017, 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. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here to join this class action]

Acacia designs, develops, manufactures, and markets communication equipment. The Company offers high-speed coherent optical interconnect products for cloud infrastructure operators and content and communication service providers. Acacia Communications serves customers worldwide.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s manufacturing and quality control processes were deficient; (ii) the foregoing deficiencies were likely to disrupt the Company’s manufacturing, thereby impacting the Company’s revenues; and (iii) as a result of the foregoing, Acacia’s public statements were materially false and misleading at all relevant times.

On May 31, 2017, Acacia issued a press release and filed a Current Report on Form 8-K with the Securities and Exchange Commission, advising investors that ”the Company has identified a quality issue” affecting ”a portion” of several thousand modules manufactured by one of Acacia’s three contract manufacturers, citing as the ”root cause of this quality issue . . . a circuit board cleaning process that has since been eliminated.”

On July 14, 2017, Acacia issued a press release announcing the Company’s preliminary financial and operating results for the quarter ended June 30, 2017. The Company reported profit and revenue that missed estimates, and revised its current-quarter guidance downward. Acacia stated that the Company’s ”second-quarter results were adversely affected by the quality issue identified at one of our three contract manufacturers that we announced on May 31.”

On this news, Acacia’s share price fell $2.62, or 6.30%, to close at $39.00 per share on July 14, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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: 473086

Nick Kohlschreiber – Media Expert and Adboom on Artificial Intelligence

By Nick Kohlschreiber

ORANGE COUNTY, CA / ACCESSWIRE / August 18, 2017 / Artificial Intelligence (AI) is no longer a thing of futuristic movies and science fiction novels. Instead, AI is an active part of life in the 21st century. As such, Nick Kohlschreiber, marketing genius and renowned entrepreneur, discusses how business owners must make savvy decisions to transform their companies as they reach out to their customers.

The first thing Nick
Kohlschreiber
points out is that artificial intelligence is here to stay. More importantly, it is changing the way companies do business. A recent article in Business
Insider
suggests that artificial intelligence transforms marketing by changing how consumers are discovered, connected to, and communicated with. Done correctly, AI makes marketing and sales strategies more effective by allowing companies to assimilate immense volumes of consumer data.

Analysis of customer information, according to Technology Review, has been challenging prior to AI, businesses staffed experts to collect, mine, analyze, and then use the data to predict future consumer behavior. AI, when paired with a comprehensive CRM platform, allows marketing specialists to build apps and customer experiences that enhance product recommendations, sentiment analysis, intent, natural language processing, and the ability to answer questions in the moment. According to Nick Kohlschreiber, AI is far superior to in-house data scientists and their old-school methods of prediction. With AI, companies can provide their clients with what they need, when they need it, and how they wish to receive it. For instance, AI can predict needed extras before a buyer purchasing skis gets to the checkout, based on such things as safety, skill level, and current weather conditions.

However, Kohlschreiber states unequivocally that AI can do more than manipulate data. Those using artificial intelligence would be wise to understand that it can save time and money in a multitude of ways. A recent article in Forbes suggests that in addition to personalization of marketing based on superior data collection and analysis, AI can help create content, answer questions (think Siri), and even improve team performance.

One company using AI to surge ahead of their competition is a favorite of Nicholas Kohlschreiber, who says, ”Adboom.io has a proprietary technology platform that can deploy and automate social media across multi-million dollar accounts. Because of their grasp of AI, the three friends who started this small firm are now leaders in the field of Internet marketing.” AI offers executives across the globe an increased ability to focus on the subtleties of their craft, creating companies that excel. Businesses that don’t embrace the technological advancements will falter, as consumers demand an AI platform experience.

A native of New Jersey, Nicholas
Kohlschreiber
moved to California over a decade ago, quickly excelling in marketing and entrepreneurship. Starting in the solar energy business in 2010, Kohlschreiber leveraged the company to create a ten-fold profit. His latest venture is a media company based in Newport Beach, which provides innovative marketing solutions to new and growing businesses. With the use of technology, including artificial intelligence, Kohlschreiber helps companies grow organically by driving brand awareness.

Nick Kohlschreiber – Expert in Modern Marketing: http://www.nickkohlschreibernews.com
Nick Kohlschreiber on Pinterest: https://www.pinterest.com/nkohlschreiber1/
Nick Kohlschreiber on Multichannel Internet Marketing: http://www.nasdaq.com/press-release/nick-kohlschreiber-on-multichannel-internet-marketing-20170705-00690

Contact Information

NickKohlschreiberNews.com
www.NickKohlschreiberNews.com
contact@nickkohlschreibernews.com

SOURCE: Nick Kohlschreiber

ReleaseID: 473084

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

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / August 18, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against CenturyLink, Inc. (“CenturyLink” or the “Company”) (NYSE: CTL) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 17-cv-04695, is on behalf of a class consisting of investors who purchased or otherwise acquired CenturyLink securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased CenturyLink securities between February 27, 2014 and June 15, 2017, both dates inclusive, you have until August 21, 2017 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. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

CenturyLink, Inc. provides various communications services to residential, business, wholesale, and governmental customers in the United States. It operates through two segments, Business and Consumer. The Company offers broadband, Ethernet, colocation, video entertainment, and satellite digital television services.

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) CenturyLink’s policies allowed its employees to add services or lines to accounts without customer permission, resulting in millions of dollars in unauthorized charges to CenturyLink customers; (ii) accordingly, the Company’s revenues were the product of illicit conduct and unsustainable; (iii) the foregoing illicit conduct was likely to subject CenturyLink to heightened regulatory scrutiny; and (iv) as a result of the foregoing, CenturyLink’s public statements were materially false and misleading at all relevant times.

On June 16, 2017, Bloomberg published an article entitled, “CenturyLink Is Accused of Running a Wells Fargo-Like Scheme.” The article reported on a lawsuit, recently filed in Arizona state superior court by former CenturyLink employee Heidi Heiser, alleging that Heiser “was fired for blowing the whistle on the telecommunications company’s high-pressure sales culture that left customers paying millions of dollars for accounts they didn’t request.” The Bloomberg article stated that Heiser “was fired days after notifying Chief Executive Officer Glen Post of the alleged scheme during a companywide question-and-answer session held on an internal message board.”

On this news, CenturyLink’s share price fell $1.23, or 4.56%, to close at $25.72 on June 16, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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: 473041

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

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / August 18, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against Axiom Holdings, Inc. (“Axiom” or the “Company”) (OTC PINK: AIOM) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 17-cv-04756, is on behalf of a class consisting of investors who purchased or otherwise acquired Axiom securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Axiom securities between October 14, 2016 and June 19, 2017, both dates inclusive, you have until August 21, 2017 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. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

Axiom Holdings, Inc. is an independent power producer and real estate developer that develops, builds, owns, and operates power generation plants and hotels. Axiom continues to leverage its global partnerships with real estate owners and hydropower developers and expand its asset portfolio through acquisition and development of identified pipeline.

On October 10, 2016, Axiom Holdings, Inc. entered into a Share Exchange Agreement (the “Agreement”) with CJC Holdings, Ltd. (together with its subsidiaries, “CJC”), a Hong Kong corporation, and the two shareholders of CJC, Hu Dengyang and Yang Chuan (collectively, the “CJC Shareholders”). CJC, through its subsidiaries, operates and constructs hydropower electric generation stations located in China with two in operation, a third under construction and a fourth in the planning stage and slated for operation in 2019. In addition, CJC, through its subsidiaries, operates two hotels in China.

Pursuant to the Agreement, Axiom was to acquire all of the issued and outstanding shares of CJC from the CJC Shareholders in exchange for the issuance to the CJC Shareholders of 200,000,000 shares of the Company’s common stock.

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Axion lacked control over the merger process sufficient to ensure that the Agreement with CJC would be completed; (ii) accordingly, the Agreement with CJC was never completed; (iii) the Company’s issuance of shares to the CJC Shareholders was thus improper; and (iv) as a result of the foregoing, Axiom’s public statements were materially false and misleading at all relevant times.

On June 19, 2017, Axiom issued a press release disclosing that the Company had identified discrepancies related to prior news announcements in response to a subpoena from the Securities and Exchange Commission. The following day, Axiom issued a second press release, advising investors that “it now appears the merger was never completed” and advising investors that it would rescind the shares that were issued to the CJC Shareholders in connection with the merger.

On this news, Axiom’s share price fell $0.44, or 37.93%, over two trading days, to close at $0.72 on June 20, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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: 473043

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

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / August 18, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against Arconic, Inc. (”Arconic” or the ”Company”) (NYSE: ARNC) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 17-cv-05312, is on behalf of a class consisting of investors who purchased or otherwise acquired Arconic securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Arconic securities between February 28, 2017, and June 26, 2017, both dates inclusive, you have until September 11, 2017, 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. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

[Click here to join this class action]

Arconic Inc. is a global provider of lightweight multi-material solutions, focused on the aerospace market in addition to serving the automotive, industrial gas turbine, commercial transportation, and building and construction markets. The Company also provides titanium, aluminum, nickel-based super alloy, and specialty alloy solutions.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Arconic knowingly supplied its highly flammable Reynobond PE (polyethylene) cladding panels for use in construction; (ii) the foregoing conduct significantly increased the risk of property damage, injury and/or death in buildings constructed with Arconic’s Reynobond PE panels; and (iii) as a result of the foregoing, Arconic’s public statements were materially false and misleading at all relevant times.

On June 14, 2017, a fire broke out at the 24-story Grenfell Tower apartment block in London. The fire burned for roughly 60 hours, destroying the building and causing at least 80 deaths and over 70 injuries.

On June 24, 2017, The New York Times published an article entitled “Why Grenfell Tower Burned: Regulators Put Cost Before Safety”, describing the causes of the Grenfell Tower fire and attributing the rapid spread of the fire to highly flammable Reynobond PE cladding panels manufactured by Arconic and used in the building’s construction.

On that same day, Reuters published an article entitled “Arconic knowingly supplied flammable panels for use in tower: emails,” revealing that Arconic sales managers were aware that flammable panels would be distributed for use at Grenfell Tower.

On June 26, 2017, Arconic issued a press release announcing it would discontinue global sales of Reynobond PE for use in high-rise buildings after the material was suspected to have contributed to the spread of the deadly fire at the Grenfell Tower apartment complex in London.

On these disclosures, Arconic’s common share price fell $3.70, or 14.49%, to close at $21.84 on June 27, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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: 473050

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

By Pomerantz LLP

NEW YORK, NY / ACCESSWIRE / August 18, 2017 / Pomerantz LLP announces that a class action lawsuit has been filed against Mattel, Inc. (“Mattel” or the “Company”) (NASDAQ: MAT) and certain of its officers. The class action, filed in United States District Court, Central District of California, Western Division, and docketed under 17-cv-04953, is on behalf of a class consisting of investors who purchased or otherwise acquired Mattel securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased Mattel securities between October 20, 2016 and April 20, 2017, both dates inclusive, you have until August 26, 2017 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. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

[Click here to join this class action]

Mattel, Inc. designs, manufactures, and markets a broad variety of children’s toy products on a worldwide basis. The Company sells its products to retailers and directly to consumers. Mattel’s products include branded fashion dolls, infant and preschool products, toy cars, and electrical vehicles.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) prior to and during the Class Period, Mattel’s retail customers were loaded with extremely high levels of unsold Mattel product; (ii) as a result of Mattel’s unusually high levels of unsold inventory at its retailers, Mattel was exposed to the heightened risk that it would have to issue its retailers financial concessions (in the form of sales adjustments, discounts, and promotions) to remove such excess inventory, as well as the heightened risk that Mattel would experience slower sales growth in future periods; and (iii) as a result of the foregoing, Mattel’s public statements were materially false and misleading at all relevant times.

On April 20, 2017, post-market, Mattel issued a press release announcing its Q1 2017 financial results for the period ending March 31, 2017. For the quarter, the Company reported that, on a year-over-year basis, worldwide net sales and gross margins each declined by more than 15%, and its operating loss increased by more than 158% to $127.0 million from $49.1 million.

Mattel’s Q1 2017 results took securities analysts by surprise and were significantly below Wall Street consensus estimates. In fact, Mattel’s 15% net sales decline during the quarter was twice the 7.8% decline expected by Wall Street analysts and its reported Q1 2017 gross margins were 520 basis points less than expected Wall Street consensus estimates.

After the issuance of the Q1 2017 earnings release, Mattel held a conference call with securities analysts and investors. During the conference call, Mattel’s Chief Financial Officer stated, in pertinent part, that “[w]hat we didn’t expect was the prolonged impact from the retail inventory overhang and the resulting slower pace of reorders by retailers, with sales in North America and Europe particularly impacted.”

Upon these revelations, the price of Mattel stock fell nearly 14%, or $3.42 per share, on heavy trading volume to close at $21.79 per share on April 21, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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: 473044

SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of Calpine Corporation – CPN

By Brodsky & Smith, LLC

BALA CYNWYD, PA / ACCESSWIRE / August 18, 2017 / The law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Calpine Corporation (“Calpine” or the “Company”) (NYSE: CPN – News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Energy Capital Partners and a consortium of investors (“Energy Capital”).

Click here to learn more: http://www.brodskysmith.com/cases/calpine-corporation-nyse-cpn/, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Calpine shareholders will receive only $15.25 in cash for each share of Calpine stock they own. The investigation concerns whether the Board of Calpine breached their fiduciary duties to shareholders and whether Energy Capital is underpaying for the Company. The transaction may undervalue the Company and results in a loss for many Calpine shareholders. For example, shares of Calpine stock have traded at $23.77 per share and an analyst has set an $20.00 per share price target for Calpine stock.

If you own shares of Calpine stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/calpine-corporation-nyse-cpn/, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

ReleaseID: 473052

Commission and Commission Staff Issue Updates to Interpretive Guidance on Revenue Recognition

Washington, DC–(Newsfile Corp. – August 18, 2017) – The Securities and Exchange Commission today issued two releases and the SEC staff released a Staff Accounting Bulletin to update interpretive guidance regarding revenue recognition.

Consistent with developments in private-sector accounting standard setting, the SEC issued a release to update its guidance for bill-and-hold arrangements by stating that registrants should no longer refer to the criteria in Accounting and Auditing Enforcement Release No. 108, In the Matter of Stewart Parness (AAER 108), to recognize revenue for such arrangements upon the registrants’ adoption of Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers. The release states that until a registrant adopts ASC Topic 606, it should continue referring to the guidance included in AAER 108.

In addition, the SEC issued a release to update its 2005 Commission Guidance Regarding Accounting for Sales of Vaccines and Bioterror Countermeasures to the Federal Government for Placement into the Pediatric Vaccine Stockpile or the Strategic National Stockpile. The release states that consistent with ASC Topic 606, manufacturers should recognize revenue for vaccines that are placed into the Vaccines for Children Program and the Strategic National Stockpile. The release states that until a registrant adopts ASC Topic 606, it should continue referring to the guidance included in the 2005 Release.

Separately, the SEC’s Office of the Chief Accountant and Division of Corporation Finance released Staff Accounting Bulletin (SAB) No. 116 that brings existing SEC staff guidance into conformity with the Financial Accounting Standard Board’s adoption of and amendments to ASC Topic 606. The SAB modifies SAB Topic 13, Revenue Recognition, SAB Topic 8, Retail Companies, and Section A, Operating-Differential Subsidies of SAB Topic 11, Miscellaneous Disclosure. The guidance in SAB 116 applies upon a registrant’s adoption of ASC Topic 606. Until such time, the SAB states that registrants should continue referring to prior staff guidance on revenue recognition.

The statements in Staff Accounting Bulletins are not Commission rules or interpretations nor are they published as bearing the Commission’s official approval. They represent interpretations and practices followed by the SEC’s Office of the Chief Accountant and the Division of Corporation Finance in administering the federal securities laws.