NEW YORK, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have
commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead
plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links
provided. There is no cost or obligation to you.
Flex Pharma, Inc. (NASDAQ: FLKS)
Class Period: November 6, 2017 - June 12, 2018
Lead Plaintiff Deadline: August 20, 2018
Join the action: http://www.zlk.com/pslra-d/flex-pharma-inc?wire=3
Allegations: Flex Pharma, Inc. made materially false and/or misleading statements throughout the class period and/or failed to
disclose that: (i) the Company overstated the viability and approval prospects for its product candidate FLX-787 for the treatment
of amyotrophic lateral sclerosis and Charcot-Marie-Tooth disease; and (ii) as a result, Flex's public statements were materially
false and misleading at all relevant times.
On June 13, 2018, Flex announced that it planned to halt its FLX-787 trials, citing oral tolerability concerns observed in both
studies. Flex also said that it will restructure its organization to reduce costs, including reducing its workforce by
approximately 60%, and that Flex's Board is exploring "strategic alternatives, including the potential sale or merger of the
company." Following this news, Flex stock dropped $3.14 per share, or 75.12%, to close at $1.04 on June 13, 2018.
To learn more about the FLKS class action contact jlevi@levikorsinsky.com.
Facebook, Inc. (NASDAQ: FB)
Class Period: October 1, 2017 - July 26, 2018
Lead Plaintiff Deadline: September 25, 2018
Join the action: http://www.zlk.com/pslra-d/facebook-2?wire=3
Allegations: Facebook, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the
implementation of the General Data Protection Regulation (“GDPR”), which was adopted by the European Union on or around April 14,
2016, would have a foreseeable and materially negative impact on use of the Platform, revenue growth, and profitability because the
informed consent required by the GDPR resulted in many users rejecting Facebook’s privacy policies and/or procedures and exposed a
significant number of fake accounts on the platform; (ii) by May 25, 2018, Facebook’s Platform use and revenue growth had already
begun to decline as a result of Facebook’s efforts to comply with the GDPR; (iii) the decline in Facebook’s Platform use and the
increase in costs as a result of complying with the GDPR had a materially adverse effect on Facebook’s financial health, including
its revenue and projected growth; and (iv) as a result, Facebook’s public statements were materially false and misleading at all
relevant times.
To learn more about the FB class action contact jlevi@levikorsinsky.com.
You have until the lead plaintiff deadlines to request the court appoint as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys
have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com