NEW YORK, Dec. 19, 2018 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that class action complaints have been
filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to
request that the court appoint you as lead plaintiff.
Bank OZK (NASDAQGS: OZK)
Class Period: February 19, 2016 to October 18, 2018
Lead Plaintiff Deadline: December 26, 2018
The complaint alleges that during the class period Bank OZK made materially false and/or misleading statements
and/or failed to disclose that: (1) the Company lacked adequate internal controls to assess credit risk; (2) as a result, certain
of the Company’s loans posed an increased risk of loss; (3) certain substandard loans were reasonably likely to lead to
charge-offs; and (4) 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. On October 18, 2018, the Company reported that it had
“incurred combined charge-offs of $45.5 million on two Real Estate Specialties Group credits” that had previously been classified
as substandard. On this news, the Company’s share price fell $9.33 per share to close at $25.52 per share on October 19, 2018.
Get additional information about the OZK lawsuit: http://www.kleinstocklaw.com/pslra-1/bank-ozk-loss-submission-form?wire=3
Dycom Industries, Inc. (NYSE: DY)
Class Period: November 20, 2017 to August 10, 2018
Lead Plaintiff Deadline: December 24, 2018
The lawsuit alleges Dycom Industries, Inc. made materially false and/or misleading statements and/or failed to
disclose during the class period that: (i) Dycom’s large projects were highly dependent on permitting and tactical considerations,
(ii) Dycom was facing great uncertainties related to permitting issues; (iii) said uncertainties would expose Dycom to near-term
margin pressure and absorption issues, and (iv) as a result of the foregoing, Defendants’ statements about Dycom’s business,
operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Get additional information about the DY lawsuit: http://www.kleinstocklaw.com/pslra-1/loss-submission-form-2?wire=3
India Globalization Capital Inc. (OTCMKTS: IGCC)
Class Period: October 25, 2017 to October 29, 2018
Lead Plaintiff Deadline: January 2, 2019
The complaint alleges that throughout the class period India Globalization Capital Inc. made materially 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 the Company’s potential commercial success in the blockchain and
cannabis markets; (3) as a result, the NYSE delisted India Globalization’s shares from their 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. On October 29, 2018 India Globalization announced that NYSE Regulation would
begin the process of delisting the Company and trading would halt immediately.
Get additional information about the IGCC lawsuit: http://www.kleinstocklaw.com/pslra-1/india-globalization-capital-inc-loss-submission-form?wire=3
Fitbit Inc. (NYSE: FIT)
Class Period: August 2, 2016 to January 30, 2017
Lead Plaintiff Deadline: December 31, 2018
Throughout the class period, Fitbit Inc. allegedly made materially false and/or misleading statements and/or
failed to disclose that: (1) the company was struggling to transition its mission and differentiate itself from Apple Inc. and
other competitors; (2) as such, the Company was experiencing increased competition; (3) as a result, demand and sell-through for
the Company’s existing and new products were being negatively impacted; (4) as a result, the Company’s sales and financial results
were weakening, and growth was slowing; (5) the Company’s financial guidance was overstated; and (6) 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.
Get additional information about the FIT lawsuit: http://www.kleinstocklaw.com/pslra-1/fitbit-inc-loss-submission-form?wire=3
Ternium S.A. (NYSE: TX)
Class Period: May 1, 2014 to November 27, 2018
Lead Plaintiff Deadline: January 28, 2019
The complaint alleges Ternium S.A. made materially false and/or misleading statements and/or failed to disclose
that: (1) Defendant Paolo Rocca, Ternium’s Chairman, knew that one of his company’s executives paid cash to government officials
from 2009 to 2012 to expedite compensation payments for the sale of Ternium’s Sidor unit; (2) this conduct would lead Rocca to be
charged in a graft scheme and subject Ternium, its affiliates, and/or its executives to heightened governmental scrutiny; and (3)
as a result, Ternium’s public statements were materially false and/or misleading at all relevant times.
On November 27, 2018, Bloomberg reported that Rocca was indicted for his role in a graft scheme. According to
the article, “The judge charged Rocca after the Argentine billionaire testified that one of his company’s executives paid an
undisclosed amount of cash to government officials in monthly installments from 2009 to 2012. The officials were allegedly working
for then-President Cristina Fernandez de Kirchner’s administration to speed up a compensation payment from Venezuela’s Hugo Chavez
for the nationalization of Sidor, a unit that had been seized by Venezuela. Rocca’s group was compensated with $1.95 billion for
the unit.”
Get additional information about the TX lawsuit: http://www.kleinstocklaw.com/pslra-1/ternium-s-a-loss-submission-form?wire=3
Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. There is no cost or
obligation to you. If you suffered a loss during the class period and wish to obtain additional information, please contact J.
Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud
throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
