NEW YORK, Feb. 05, 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.
Danske Bank A/S (OTCMKTS: DNKEY)
Class Period: Purchasers of American Depositary Receipts between January 9, 2014 and October 23, 2018
Lead Plaintiff Deadline: March 11, 2019
Join the action: https://www.zlk.com/pslra-1/danske-bank-a-s-loss-form?wire=3
Allegations: Danske Bank A/S made materially false and/or misleading statements and/or failed to disclose that: (i) Danske
Bank’s Estonian branch was facilitating money laundering through at least March 2016; (ii) a whistleblower had reported the
Estonian money laundering to the Company in 2013; (iii) Denmark’s Financial Supervisory Authority (the “DFSA”) had been
investigating the Estonian money laundering since 2014; (iv) Danske Bank had concealed the results of its own internal
investigation from the DFSA, further exposing it to regulatory action and fines; (v) Danske Bank had been overstating its
historical profits by including the profits derived from its illicit Estonian operations; and (vi) Danske Bank lacked effective
internal and reporting controls.
To learn more about the Danske Bank A/S class action contact jlevi@levikorsinsky.com.
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
Allegations: AxoGen, Inc. made materially false and/or misleading statements throughout the class period 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
Allegations: 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.
Wayfair Inc. (NYSE: W)
Class Period: Class A shares between August 2, 2018 and October 31, 2018
Lead Plaintiff Deadline: March 11, 2019
Join the action: https://www.zlk.com/pslra-1/wayfair-inc-loss-form?wire=3
Allegations: Wayfair Inc. made materially false and/or misleading statements throughout the class period and/or failed to
disclose that: (1) Wayfair had been experiencing significantly diminished demand for its online product offerings and had
significantly increased advertising spending to grow sales; (2) Wayfair, which was already more than one-third of the way into 3Q18
when it announced its 2Q18 results on August 2, 2018, had already dramatically increased advertising spending for 3Q18; 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 Wayfair 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
