NEW YORK, Dec. 20, 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.
Welbilt, Inc. (NYSE: WBT)
Class Period: February 24, 2017 - November 2, 2018
Lead Plaintiff Deadline: February 11, 2019
Join the action: https://www.zlk.com/pslra-1/welbilt-inc-loss-form?wire=3
About the lawsuit: Welbilt, Inc. allegedly made materially false and/or misleading statements during the class period and/or
failed to disclose that: (i) the Company lacked effective internal control over financial reporting; (ii) the Company was
incorrectly recording the tax basis of foreign subsidiaries and the amortization of their intangible assets; and (iii) as a result
of the foregoing, Defendants’ statements about Welbilt’s business, operations, and prospects, were false and misleading and/or
lacked a reasonable basis. On November 5, 2018, Welbilt filed a Form 8-K for its Q3 2018, stating that “During the third
quarter of 2018, the Company identified errors in the tax basis of a foreign subsidiary and incorrect amortization of the
intangible assets held by the same entity… In addition, the Company discovered certain intercompany transactions were not recorded
on a timely basis.” As a result of these errors, Welbilt announced that “the consolidated financial statements of the Company as of
and for the year ended December 31, 2016 will be restated, and as of and for the years ended December 31, 2015 and 2017 are
expected to be revised.”
To learn more about the Welbilt, Inc. class action contact jlevi@levikorsinsky.com.
XPO Logistics, Inc. (NYSE: XPO)
Class Period: February 26, 2014 - December 12, 2018
Lead Plaintiff Deadline: February 12, 2019
Join the action: https://www.zlk.com/pslra-1/xpo-logistics-inc-loss-form?wire=3
About the lawsuit: During the class period, XPO Logistics, Inc. allegedly made materially false and/or misleading statements
and/or failed to disclose that: (i) XPO’s highly touted aggressive M&A strategy had yielded only minimal returns to the
Company; (ii) XPO was utilizing improper accounting practices to mask its true financial condition, including, inter alia,
under-reporting of bad debts and aggressive amortization assumptions; and (iii) as a result, the Company’s public statements were
materially false and misleading at all relevant times.
To learn more about the XPO Logistics, Inc. class action contact jlevi@levikorsinsky.com.
You have until the lead plaintiff deadlines to request the court appoint you 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.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
