Search Blog
Categories
May 2017
M T W T F S S
« Apr    
1234567
891011121314
15161718192021
22232425262728
293031  

Tags

EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Alliance MMA, Inc. and Reminds Investors with Losses to Contact the Firm

By Khang & Khang LLP

IRVINE, CA / ACCESSWIRE / May 22, 2017 / Khang & Khang LLP (the “Firm”) announces a securities class action lawsuit against Alliance MMA, Inc. (“Alliance MMA” or the “Company”) (Nasdaq: AMMA). Investors who purchased or otherwise acquired shares pursuant and/or traceable to the Company’s initial public offering (“IPO”) on or about October 6, 2016, are encouraged to contact the Firm before the June 16, 2017 lead plaintiff motion deadline.

If you purchased Alliance MMA shares on or about the IPO date, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949)
419-3834
, or via e-mail at joon@khanglaw.com.

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

The Complaint alleges that during the Class Period, Alliance MMA made false and/or misleading statements and/or failed to disclose: that the condensed consolidated financial statements for the three months ended June 30, 2016 could not be relied upon due to an error in recognizing as compensation transfers of common stock by an affiliate of the Company to individuals who were, at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA; that the condensed consolidated financial statements for the six months ended June 30, 2016 could not be relied upon because of an error in recognizing as compensation transfers of common stock by an affiliate of Alliance MMA to individuals who were, at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA; and that as a result of the above, Alliance MMA’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When this news was announced, Alliance MMA’s stock price lowered materially, which harmed investors according to the Complaint.

If you wish to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 463910

DEADLINE TODAY: Lundin Law PC Announces a Securities Class Action Lawsuit against JBS S.A. and Encourages Investors with Losses to Contact the Firm

By Lundin Law PC

LOS ANGELES, CA / ACCESSWIRE / May 22, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against JBS S.A. (“JBS” or the “Company”) (OTCQX: JBSAY) concerning possible violations of federal securities laws between June 2, 2015 and March 17, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period should contact the firm by the May 22, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The Complaint alleges that throughout the Class Period, JBS made false and/or misleading statements and/or failed to disclose that its executives bribed regulators and politicians to subvert food inspections of its plants and overlook unsanitary practices, such as processing rotten meat and running plants with traces of salmonella. On March 17, 2017, reports emerged that Brazilian federal police raided the offices of JBS and dozens of other meatpackers following a two-year investigation into alleged bribery of regulators to subvert inspections of their plants and overlook unsanitary practices. Police arrested two JBS employees, among others. The Company stated in a securities filing that three of its plants and one of its employees were targeted in the probe. Following this news, JBS’ stock price fell materially, which caused investors harm according to the Complaint.

Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 463881

EQUITY ALERT: Lundin Law PC Announces a Securities Class Action Lawsuit against Catalyst Hedged Futures Strategy Fund and Encourages Investors with Losses to Contact the Firm

By Lundin Law PC

LOS ANGELES, CA / ACCESSWIRE / May 22, 2017 / Lundin Law PC, a shareholder rights firm, a class action lawsuit against Catalyst Hedged Futures Strategy Fund (“Catalyst” or the “Fund”) (NASDAQ: HFXAX, NASDAQ: HFXCX, NASDAQ: HFXIX) for possible violations of federal securities laws between November 1, 2014 and April 28, 2017 inclusive (the “Class Period”). Investors who purchased or otherwise acquired Class A, Class C, or Class I shares during the Class Period should contact the firm prior to the June 27, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, throughout the Class Period, Catalyst violated federal securities laws by making materially false and/or misleading public statements and/or failing to disclose material information. The Fund stated in its Prospectuses, that its objective is “capital appreciation and capital preservation in all market conditions, with low volatility and low correlation to the US equity market.” It was eventually revealed that Catalyst made a directional bet that the general equity market would not rise significantly in value in the form of massive option contracts that effectively “shorted” the S&P 500. As these undisclosed risks materialized, the Fund’s investors lost hundreds of millions of dollars. Between February 2, 2017 and March 15, 2017, the Net Asset Value (“NAV”) of Catalyst’s Class A shares, Class C shares and Class I shares declined approximately 21%.

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethics rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 463884

INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Barrick Gold Corporation and Encourages Investors with Losses to Contact the Firm

By Lundin Law PC

LOS ANGELES, CA / ACCESSWIRE / May 22, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Barrick Gold Corporation (“Barrick” or the “Company”) (NYSE: ABX) for possible violations of federal securities laws between February 16, 2017 through April 24, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm prior to the July 10, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also do nothing and be an absent class member.

According to the Complaint, throughout the Class Period, Barrick made materially false and/or misleading statements, and failed to disclose: that the pipes and safety systems at the Veladero mine were not robust enough to prevent gold-bearing solution spills; that Argentinian authorities would restrict the addition of cyanide to the Veladero mine’s heap leach facility and require remedial work; that these developments would impact the production capacity of the Veladero mine; that as a result of the above, Barrick’s Veladero mine production guidance and total gold production guidance were overstated; and that as a result of the above, the Company’s statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times.

On April 24, 2017, Barrick revised its full year guidance, stating that “[f]ull-year gold production is now expected to be 5.3-5.6 million ounces, down from our previous range of 5.6-5.9 million ounces.” Barrick attributed about two-thirds of the decrease to the planned sale of 50% percent of its Veladero mine. The Company also revised Veladero-specific guidance, forecasting full-year production at Veladero of 630,000-730,000 ounces, compared to its previously-issued guidance of 770,000-830,000 ounces. Upon release of this news to the public, Barrick’s shares dropped in value materially, which harmed investors according to the Complaint.

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 463885

AB Value Partners, LP and AB Opportunity Fund, LLC Announce Results of Tender Offer

By AB Value Management LLP

WESTFIELD, NJ / ACCESSWIRE / May 22, 2017 / AB Value Partners, LP (“ABVP”) and AB Opportunity Fund, LLC (together with ABVP, “Purchasers”) announced today the results of their tender offer for all of the outstanding shares of common stock of Security Land & Development Corporation (“SLDC”) at a purchase price of $1.75 per share in cash, without interest and less any applicable withholding taxes.

Purchasers’ offer expired at 5:00 p.m., New York City time, on May 19, 2017, as scheduled, and was not further extended. The depositary for Purchasers’ offer has advised that, as of the expiration time, a total of 44,883 shares of SLDC common stock have been validly tendered and not properly withdrawn. Purchasers accepted for purchase all shares validly tendered and not properly withdrawn, and the consideration for all such shares promptly will be paid in accordance with the terms of Purchasers’ offer.

Additional Information

Complete terms and conditions of Purchasers’ offer are set forth in the Offer to Purchase, Letter of Transmittal and other related materials that were filed as exhibits to the Tender Offer Statement on Schedule TO filed by Purchasers with the Securities and Exchange Commission (the “SEC”) on April 7, 2017, as amended and supplemented by Amendment No. 1 thereto filed on May 3, 2017, Amendment No. 2 thereto filed on May 12, 2017 and Amendment No. 3 thereto filed on May 22, 2017. Copies of the Offer to Purchase, Letter of Transmittal and other related materials are available free of charge upon request from InvestorCom, Inc., by email at info@investor-com.com or telephone at (203) 972-9300.

Forward-Looking Statements

This press release may contain forward-looking statements. Forward-looking statements may generally be identified by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” “target,” or “continue,” and variations or similar expressions. These statements are based upon the current expectations and beliefs of Purchasers and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. We undertake no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes, except as required by law.

Contact:

InvestorCom
65 Locust Avenue, Third Floor
New Canaan, CT 06840
Phone (203) 972-9300
Toll Free (877) 972-0090
Email: info@investor-com.com

SOURCE: AB Value Management LLP

ReleaseID: 463892

Investor Network Invites You to the Diana Shipping Inc. First Quarter 2017 Earnings Conference Call and Webcast Live on Tuesday, May 23, 2017

By Investor Network

ATHENS, GREECE / ACCESSWIRE / May 22, 2017 / Diana Shipping Inc. (NYSE: DSX) will host a live conference call and webcast to discuss the results of the first quarter 2017, to be held Tuesday, May 23, 2017 at 9:00 AM Eastern Time.

Live Event Information

To participate, connect approximately 5 to 10 minutes before the beginning of the event.

The webcast archive will be available at www.investorcalendar.com or www.dianashippinginc.com.

About Diana Shipping Inc.

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

SOURCE: Investor Network

ReleaseID: 463882

INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Snap Inc. and Encourages Investors with Losses In Excess of $500,000 to Contact the Firm

By Lundin Law PC

LOS ANGELES, CA / ACCESSWIRE / May 22, 2017 / Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Snap Inc. (“Snap” or the “Company”) (NYSE: SNAP) for possible violations of federal securities laws. Investors who purchased or otherwise acquired shares (1) pursuant and/or traceable to the Company’s false and misleading Registration Statement and Prospectus, issued in connection with its initial public offering (“IPO”) on or about March 2, 2017; and/or (2) on the open market between March 2, 2017 and May 15, 2017 inclusive (the “Class Period”), should contact the firm prior to the July 17, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, throughout the Class Period, Snap made false and/or misleading statements and/or failed to disclose that the Company’s reported user growth was materially false and misleading; and as a result, Snap’s public statements were materially false and misleading at all relevant times.

On May 10, 2017, after-market hours, Snap revealed its first quarterly report as a public company, revealing disappointing user growth as well as a net loss of $2.2 billion. The user growth was the slowest year-to-year growth rate in at least two years. When this information was disclosed, Snap’s stock price dropped materially, causing investors harm. On May 16, 2017, Bloomberg reported that a former Snap employee, Anthony Pompliano, filed a lawsuit against the Company claiming that he was fired for raising questions about the allegedly false growth metrics and that he was seeking whistleblower protection against retaliation by Snap.

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 463886

IMPORTANT EQUITY ALERT: Lundin Law PC Announces a Securities Class Action Lawsuit against Citizens Financial Group, Inc. and Reminds Investors with Losses to Contact the Firm

By Lundin Law PC

LOS ANGELES, CA / ACCESSWIRE / May 22, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Citizens Financial Group, Inc. (“Citizens Financial” or the “Company”) (NYSE: CFG) concerning possible violations of federal securities laws. Investors who purchased shares between March 18, 2016 and March 29, 2017 inclusive (the “Class Period”), should contact the firm prior to the June 26, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, during the Class Period, Citizens Financial made false and/or misleading statements and/or failed to disclose: that its employees were falsifying information related to the Citizens Checkup program; that the Company’s reported Citizens Checkup figures were exaggerated; and that as a result of the above, Citizens Financial’s statements about its business, operations and prospects, were false and misleading and/or lacked a reasonable basis at all relevant times. On March 29, 2017, the Wall Street Journal reported that certain Citizens Financial employees acknowledged that Company employees faked “financial checkup” meetings with customers. The Company stated that the “Citizens Checkup” program resulted in 400,000 scheduled appointments in 2016, but the report stated that former employees said they falsified information due to the Company’s pressure to meet certain program expectations. Following this news, Citizen Financial’s stock price dropped materially, which harmed investors according to the Complaint.

Lundin Law PC was established by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 463891

EQUITY ALERT: Lundin Law PC Announces a Securities Class Action Lawsuit against Vince Holding Corp. and Encourages Investors with Losses to Contact the Firm

By Lundin Law PC

LOS ANGELES, CA / ACCESSWIRE / May 22, 2017 / Lundin Law PC, a shareholder rights firm, a class action lawsuit against Vince Holding Corp. (“Vince” or the “Company”) (NYSE: VNCE) for possible violations of federal securities laws between December 8, 2016 and April 27, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired shares during the Class Period, should contact the firm prior to the July 5, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, throughout the Class Period, Vince made false and/or misleading statements and/or failed to disclose that during the transition from legacy Kellwood systems, the Company experienced issues related to integrating its new enterprise resource planning systems; and thus, Vince’s statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On April 28, 2017, Vince disclosed that “[r]esults for the fourth quarter came in below our expectations, due primarily to challenges related to our systems conversion.” That same day, the Company’s CEO, Brendan Hoffman, stated during an earnings call that “a lot of the constraint was due to our systems in last three-months not getting a little bit more product out there.” On that same call, CFO, David Stefko, stated that, “our fourth quarter topline sales results did not meet our expectations, primarily due to the challenges we encountered as a result of our complex systems conversion.” When this news was announced, the Company’s stock price dropped materially, which harmed investors according to the Complaint

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 463889

INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against United States Steel Corporation and Encourages Investors with Losses Over $100,000 to Contact the Firm

By Khang & Khang LLP

IRVINE, CA / ACCESSWIRE / May 22, 2017 / Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against United States Steel Corporation (“U.S. Steel” or the “Company”) (NYSE: X). Investors, who purchased or otherwise acquired shares between November 1, 2016 and April 25, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm before the July 3, 2017 lead plaintiff motion deadline.

If you purchased U.S. Steel shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.

There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

The Complaint states that throughout the Class Period, U.S. Steel issued materially false and/or misleading statements and/or failed to disclose: that while the Company was implementing its Carnegie Way program, it focused on cutting costs and did not make investments necessary to position U.S. Steel so that it could respond to improved market conditions; that the Company’s failure to invest in improving capital assets during the industry downturn, in order to report apparent financial improvements, meant that U.S. Steel had higher production costs than its competitors, even in the face of improved pricing, which would negatively impact its financial results; and that U.S. Steel was forestalling expensive capital equipment upgrades in order to boost its short-term financial results at the expense of long-term financial performance, leaving U.S. Steel in need of accelerated, costly equipment upgrades that would leave the Company years away from generating improved financial performance. Upon release of this information, U.S. Steel’s stock price fell materially, which caused investors harm according to the Complaint.

If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

Contact:

Joon M. Khang, Esq.
Telephone: 949-419-3834
Facsimile: 949-225-4474
joon@khanglaw.com

SOURCE: Khang & Khang LLP

ReleaseID: 463894