NEW YORK, Feb. 03, 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.
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.
Nissan Motor Co., Ltd. (OTCMKTS: NSANY)
Class Period: December 10, 2013 - November 16, 2018
Lead Plaintiff Deadline: February 8, 2019
Join the action: https://www.zlk.com/pslra-1/nissan-motor-co-ltd-loss-form?wire=3
About the lawsuit: During the class period, Nissan Motor Co., Ltd. allegedly made materially false and/or misleading statements
and/or failed to disclose that: (1) for more than a decade, Nissan had been materially understating its costs--and thus overstating
profits--by paying a material portion of Ghosn’s executive compensation in the form of billions of Yen of deferred compensation
that the Company was concealing from its public financial reports; (2) in so doing, Nissan was concealing from investors
significant defects in its corporate governance; (3) Nissan’s overpayment of defendant Ghosn had caused it to exceed its
shareholder-approved executive pay cap, thus threatening its continued stock listing; (4) Nissan lacked effective internal and
reporting controls; and (5) as a result, defendants’ statements about Nissan’s business metrics, operations, and financial
prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
To learn more about the Nissan Motor Co., Ltd. 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: 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.
NVIDIA Corporation (NASDAQGS: NVDA)
Class Period: August 10, 2017 - November 15, 2018
Lead Plaintiff Deadline: February 19, 2019
Join the action: https://www.zlk.com/pslra-1/nvidia-corporation-loss-form?wire=3
About the lawsuit: NVIDIA Corporation allegedly made materially false and/or misleading statements during the class period
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.
To learn more about the NVIDIA Corporation 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
