NEW YORK, Jan. 23, 2019 (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.
Ternium S.A. (NYSE: TX)
Class Period: May 1, 2014 - November 27, 2018
Lead Plaintiff Deadline: January 28, 2019
Join the action: https://www.zlk.com/pslra-1/ternium-s-a-loss-form?wire=3
Allegations: Ternium S.A. made materially false and/or misleading statements throughout the class period 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.”
To learn more about the Ternium S.A. class action contact jlevi@levikorsinsky.com.
Cheetah Mobile Inc. (NYSE: CMCM)
Class Period: April 26, 2017 - November 27, 2018
Lead Plaintiff Deadline: January 29, 2019
Join the action: https://www.zlk.com/pslra-1/cheetah-mobile-inc-loss-form?wire=3
Allegations: Cheetah Mobile Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Cheetah
Mobile’s apps had undisclosed imbedded features which tracked when users downloaded new apps; (2) Cheetah Mobile used this data to
inappropriately claim credit for having caused the downloads; (3) the foregoing features, when discovered, would foreseeably
subject Cheetah Mobile’s apps to removal from the Google Play store; (4) accordingly, Cheetah Mobile’s revenues during the relevant
period were in part the product of improper conduct and thus unsustainable; and (5) as a result, Cheetah Mobile’s public statements
were materially false and misleading at all relevant times.
To learn more about the Cheetah Mobile Inc. class action contact jlevi@levikorsinsky.com.
Sogou Inc. (NYSE: SOGO)
Class Definition: Purchasers of American Depositary Shares pursuant and/or traceable to Sogou's false and misleading
Registration Statement and Prospectus issued in connection with the Company's initial public offering on November 9, 2017
Lead Plaintiff Deadline: March 11, 2019
Join the action: https://www.zlk.com/pslra-1/sogou-inc-loss-form?wire=3
Allegations: During the class period, Sogou Inc. made materially false and/or misleading statements and/or failed to disclose
that: (i) Chinese regulators were analyzing Sogou for regulatory action because of an increase in Sogou merchants’ sales of
counterfeit goods; (ii) Chinese regulators were analyzing Sogou for regulatory action because Sogou’s existing software,
advertising procedures, personnel, and audit procedures were insufficient to safeguard against compliance violations with
governing Chinese regulations, and would need to be updated, enhanced, and strengthened, thus resulting in
increased expenses; (iii) Sogou’s cost of revenues were skyrocketing primarily because of significant increases in Traffic
Acquisition Cost, which is a primary driver of Sogou’s cost of revenues, as Sogou was dealing with significant price inflation from
increased competition; (iv) Sogou was going to alter its strategy concerning smart hardware and push the Company’s AI capabilities
to increase product competitiveness; (v) as a result of altering its smart hardware strategy, Sogou had
already decided to phase out non-AI-enabled hardware products, such as legacy models of Teemo Smart Watch, and transition to use
products integrating AI technologies, which Sogou hoped would reduce its hardware revenue in the second half of
2018; and (vi) as a result of the foregoing, Sogou’s public statements were materially false and misleading at all relevant
times.
To learn more about the Sogou 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
