CEDARHURST, N.Y., Jan. 23, 2019 (GLOBE NEWSWIRE) -- The securities litigation law firm of Kuznicki Law PLLC
issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares
in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead
plaintiff and a preliminary estimate of their recoverable losses.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and
be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to
accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest
loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff. No classes have yet been certified in the actions below. Appointment as lead
plaintiff is not required to partake in any recovery.
XPO Logistics, Inc. (NYSE: XPO)
A class action has commenced on behalf of shareholders in XPO Logistics, Inc. who purchased shares between February 26, 2014 and
December 12, 2018. The filed complaint alleges that defendants 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.
Shareholders may find more information at https://kseclaw.com/securities/xpo-logistics-inc/?wire=3
YRC Worldwide Inc. (NASDAQGS: YRCW)
A class action has commenced on behalf of shareholders in YRC Worldwide Inc. who purchased shares between March 10, 2014 and
December 14, 2018. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to
disclose that: (1) from 2005 to at least 2013, YRC's units systematically overcharged the federal government for freight carrier
services; (2) this alleged misconduct caused the Department of Defense to overpay by millions of dollars for shipments that were
lighter, and thus cheaper, than the weights for which the government was charged; (3) consequently, this alleged misconduct would
subject YRC to enhanced government scrutiny and liabilities, including potentially owing treble damages under the False Claims Act;
and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Shareholders may find more information at https://kseclaw.com/securities/yrc-worldwide-inc/?wire=3
NVIDIA Corporation (NASDAQGS: NVDA)
A class action has commenced on behalf of shareholders in NVIDIA Corporation who purchased shares between August 10, 2017 and
November 15, 2018. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to
disclose that: (i) NVIDIA’s growth in its gaming GPU revenue was driven, as repeatedly denied by Defendants, in significant part by
the spiked demand for those GPUs among cryptocurrency miners; (ii) NVIDIA did not have, as Defendants asserted, visibility into its
inventory channel; (iii) NVIDIA was unable to adapt to the volatility of cryptocurrency markets; (iv) as cryptocurrency prices
dropped, NVIDIA hid halting growth from cryptocurrency miners by continuing to push mid-range GPUs into the channel; (v) this would
foreseeably cause an oversupply of gaming card inventory levels on the market and ultimately lead to over three months of excess
inventory in NVIDIA’s channel; and (vi) as a result, NVIDIA’s public statements were materially false and misleading at all
relevant times.
Shareholders may find more information at https://kseclaw.com/securities/nvidia-corporation/?wire=3
DXC Technology Company (NYSE: DXC)
A class action has commenced on behalf of shareholders in DXC Technology Company who purchased shares between February 8, 2018 and
November 6, 2018. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to
disclose that: (a) the Company had changed or planned to change the operations of its sales teams, deploying generalized sales
teams as opposed to the specialized teams that were better capable of delivering specialized services to its clients; (b) the
Company’s workforce optimization strategy of sharply reducing staff while reducing costs was resulting in a shortage of sales
personnel who could execute on demand for services, thereby risking and ultimately losing sales and revenue opportunities; (c) in
light of the above, the Company’s revenue and financial performance guidance for the fiscal year 2019 and its reaffirmation of the
guidance during the Class Period was without a reasonable basis.
Shareholders may find more information at https://kseclaw.com/securities/dxc-technology-company/?wire=3
Kuznicki Law PLLC is committed to ensuring that companies adhere to responsible business practices and engage in
good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading
statements or the omission of material information by a Company lead to artificial inflation of the Company's stock.
CONTACT:
Kuznicki Law PLLC
Daniel Kuznicki, Esq.
445 Central Avenue, Suite 334
Cedarhurst, NY 11516
Email: dk@kclasslaw.com
Phone: (347) 696-1134
Fax: (347) 348-0967