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.
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
The lawsuit alleges: Welbilt, Inc. made materially false and/or misleading statements 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.
The Goldman Sachs Group, Inc. (NYSE: GS)
Class Period: February 28, 2014 - December 17, 2018
Lead Plaintiff Deadline: February 19, 2019
Join the action: https://www.zlk.com/pslra-1/the-goldman-sachs-group-inc-loss-form?wire=3
The lawsuit alleges that, during the class period, The Goldman Sachs Group, Inc. made materially false and/or misleading
statements and/or failed to disclose that: (1) Goldman Sachs participated in a fraud and money-laundering scheme in collusion with
1Malaysia Development Bhd., a Malaysian state-owned investment fund; (2) the foregoing conduct, when revealed, would foreseeably
subject Goldman Sachs to heightened regulatory investigations and enforcement; and (3) as a result, Goldman Sachs’s public
statements were materially false and misleading at all relevant times.
To learn more about the The Goldman Sachs Group, Inc. 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
The lawsuit alleges: XPO Logistics, Inc. 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
The lawsuit alleges that, during the class period, NVIDIA Corporation 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.
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
