CEDARHURST, N.Y., Jan. 29, 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.
Sogou Inc. (NYSE: SOGO)
A class action has commenced on behalf of shareholders in Sogou Inc. who purchased 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. The filed complaint alleges that defendants 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.
Shareholders may find more information at https://kseclaw.com/securities/sogou-inc/?wire=3
Snap Inc. (NYSE: SNAP)
A class action has commenced on behalf of shareholders in Snap Inc. who purchased shares (1) Pursuant and/or traceable to Snap's
Registration Statement and Prospectus, issued in connection with the Company's initial public offering on or about March 2, 2017;
and/or (2) Between March 2, 2017 and August 10, 2017. The filed complaint alleges that defendants made materially false and/or
misleading statements and/or failed to disclose that: (1) Snap’s reported user growth was materially false and misleading; and (2)
consequently, Snap’s public statements were materially false and misleading at all relevant times.
Shareholders may find more information at https://kseclaw.com/securities/snap-inc/?wire=3
Activision Blizzard, Inc. (NASDAQ: ATVI)
A class action has commenced on behalf of shareholders in Activision Blizzard, Inc. who purchased shares between August 2, 2018 and
January 10, 2019. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to
disclose that: (i) the termination of Activision Blizzard and Bungie's partnership, giving Bungie full publishing rights and
responsibilities for the Destiny franchise, was imminent; (ii) the termination of the two companies' relationship would foreseeably
have a significant negative impact on Activision Blizzard's revenues; and (iii) as a result, Activision Blizzard's public
statements were materially false and misleading at all relevant times.
Shareholders may find more information at https://kseclaw.com/securities/activision-blizzard-inc-loss-submission-form/?wire=3
Micron Technology Inc. (NASDAQGS: MU)
A class action has commenced on behalf of shareholders in Micron Technology Inc. who purchased shares between June 22, 2018 and
November 19, 2018. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to
disclose that: (1) the Chinese State Administration for Market Regulation notified Micron it was investigating dynamic
random-access memory (“DRAM”) chip providers in China for potential collusion and other anti-competitive conduct; (2) Chinese
investigators had found “massive evidence” of Micron’s anti-competitive behavior; (3) Micron had engaged in a price-fixing
conspiracy with Samsung Electronics and SK Hynix; and (4) as a result, Micron’s public statements were materially false and
misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Shareholders may find more information at https://kseclaw.com/securities/micron-technology-inc/?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
Cell: (347) 690-0692
Fax: (347) 348-0967
