NEW YORK, Jan. 30, 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.
AxoGen, Inc. (NASDAQ: AXGN)
Class Period: August 7, 2017 - December 18, 2018
Lead Plaintiff Deadline: March 11, 2019
Join the action: https://www.zlk.com/pslra-1/axogen-inc-loss-form?wire=3
The lawsuit alleges: AxoGen, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the
Company aggressively increased prices to mask lower sales; (2) the Company’s pricing alienated customers and threatened the
Company’s future growth; (3) ambulatory surgery centers form a significant part of the market for the Company’s products; (4) such
centers were especially sensitive to price increases; (5) the Company was dependent on a small number of surgeons whom the Company
paid to generate sales; (6) the Company’s consignment model for inventory was reasonably likely to lead to channel stuffing; (7)
the Company offered purchase incentives to sales representatives to encourage channel stuffing; (8) the Company’s sales
representatives were encouraged to backdate revenue to artificially inflate metrics; (9) the Company lacked adequate internal
controls to prevent such channel stuffing and backdating of revenue; (10) the Company’s key operating metrics, such as number of
active accounts, were overstated; and (11) 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.
To learn more about the AxoGen, Inc. class action contact jlevi@levikorsinsky.com.
Yangtze River Port and Logistics Limited (NASDAQGS: YRIV)
Class Period: February 2, 2016 - December 5, 2018
Lead Plaintiff Deadline: March 4, 2019
Join the action: https://www.zlk.com/pslra-1/yangtze-river-port-and-logistics-ltd-loss-form?wire=3
The lawsuit alleges that, during the class period, Yangtze River Port and Logistics Limited made materially false and/or
misleading statements and/or failed to disclose that: (1) Yangtze’s purported lease of the Wuhan Yangtze River Newport
Logistics Center, the Company’s main asset, was a fabrication; (2) Yangtze’s only operating subsidiary, Wuhan Newport, was
declared insolvent in China due to a number of default judgments against it; and (3) as a result, Defendants’ statements about its
business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant
times.
To learn more about the Yangtze River Port and Logistics Limited class action contact jlevi@levikorsinsky.com.
Vale S.A. (NYSE: VALE)
Class Period: April 13, 2018 - January 28, 2019
Lead Plaintiff Deadline: March 29, 2019
Join the action: https://www.zlk.com/pslra-1/vale-s-a-loss-form?wire=3
The lawsuit alleges: Vale S.A. made materially false and/or misleading statements and/or failed to disclose that: (1) Vale had
failed to adequately assess the risk and damage potential of a dam breach at its Feijão iron ore mine; (2) Vale’s programs to
mitigate health and safety incidents were inadequate; (3) consequently, several people were killed and hundreds more were reported
missing after Vale’s dam at its Feijão mine was breached; and (4) as a result, defendants’ statements about its business,
operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
To learn more about the Vale S.A. class action contact jlevi@levikorsinsky.com.
ProShares Short VIX Short-Term Futures (NYSEArca: SVXY)
Class Period: Investors in ProShares Short VIX Short-Term Futures ETF pursuant to the May 15, 2017 Registration Statement
and/or between May 15, 2017 and February 5, 2018
Lead Plaintiff Deadline: April 1, 2019
Join the action: https://www.zlk.com/pslra-1/proshares-short-vix-short-term-futures-loss-form?wire=3
According to the complaint in the Registration Statement and during the Class Period, defendants made false and misleading
statements and/or failed to disclose adverse information regarding the risks of investing in the Fund. Specifically, the
Registration Statement failed to disclose that the Fund was threatened with catastrophic losses as a result of the Fund’s flawed
design and the low-volatility environment and acute liquidity risks that existed during the Class Period. In addition, during the
Class Period defendants made similar false and misleading statements in numerous financial reports and draft prospectuses and
registration statements filed with the SEC.
To learn more about the ProShares Short VIX Short-Term Futures 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
