NEW YORK, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that class action
lawsuits have been commenced on behalf of stockholders of Bank OZK, Fitbit, Inc., India Globalization Capital, Inc., and Aphria
Inc. Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. Additional
information about each case can be found at the link provided.
Bank OZK (NASDAQ: OZK)
Class Period: February 19, 2016 - October 18, 2018
Lead Plaintiff Deadline: December 26, 2018
The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects.
Specifically, defendants failed to disclose to investors: (1) that the company lacked adequate internal controls to assess credit
risk; (2) that, as a result, certain of the company’s loans posed an increased risk of loss; (3) that certain substandard loans
were reasonably likely to lead to charge-offs; and (4) that, as a result of the foregoing, defendants positive statements about the
company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
To learn more about the Bank OZK class action go to: https://bespc.com/ozk/.
Fitbit, Inc. (NYSE: FIT)
Class Period: August 2, 2016 - January 30, 2017
Lead Plaintiff Deadline: December 31, 2018
The complaint filed in this class action alleges that throughout the Class Period, defendants made materially
false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations,
and prospects. Specifically, the complaint alleges that the defendants failed to disclose: (1) that the company was
struggling to transition its mission and differentiate itself from Apple Inc. and other competitors; (2) that, as such, the company
was experiencing increased competition; (3) that, as a result, demand and sell-through for the company’s existing and new products
were being negatively impacted; (4) that, as a result, the company’s sales and financial results were weakening, and growth was
slowing; (5) that the company’s financial guidance was overstated; and (6) that, as a result of the foregoing, defendants
statements during the Class Period about Fitbit’s business, operations, financial results and prospects, were materially false
and/or misleading and/or lacked a reasonable basis.
To learn more about the Fitbit class action go to: http://bespc.com/fit/.
India Globalization Capital, Inc. (NYSE: IGC, OTC: IGCC)
Class Period: June 21, 2018 - October 29, 2018
Lead Plaintiff Deadline: January 2, 2019
The complaint filed in this class action alleges that throughout the Class Period defendants made false and/or
misleading statements and/or failed to disclose that: (1) India Globalization’s business model was in a state of change in order to
lure potential blockchain and cannabis investors; (2) India Globalization had overstated the benefits of its relationships with
manufacturers, partners, and distributors in order to inflate its potential commercial success in the blockchain and cannabis
markets; (3) as a result, the New York Stock Exchange delisted India Globalization’s shares from its exchange; and (4)
consequently, defendants’ statements about India Globalization’s business, operations and prospects were materially false and
misleading and/or lacked a reasonable basis at all relevant times.
To learn more about the India Globalization class action go to: http://bespc.com/igc/.
Aphria Inc. (NYSE: APHA)
Class Period: July 17, 2018 - December 4, 2018
Lead Plaintiff Deadline: February 4, 2019
The complaint alleges that throughout the class period defendants made materially false and misleading
statements and failed to disclose to investors: (i) that Latin American assets acquired by the company lacked adequate licenses to
operate and were overvalued; and (ii) that the acquisition of Latin American assets would enrich the company’s CEO and other
insiders at the expense of shareholders. The complaint further alleges that, as a result of the foregoing, investors
purchased Aphria’s securities at artificially inflated prices during the Class Period and suffered investment losses as a result of
defendants’ conduct.
To learn more about the Aphria class action go to: http://bespc.com/apha/.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities
litigation. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
