NEW YORK, Feb. 11, 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: During the class period, Welbilt, Inc. allegedly 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.
Tenaris S.A. (NYSE: TS)
Class Period: May 1, 2014 - November 27, 2018
Lead Plaintiff Deadline: February 11, 2019
Join the action: https://www.zlk.com/pslra-1/tenaris-s-a-loss-form?wire=3
About the lawsuit: Tenaris S.A. allegedly made materially false and/or misleading statements during the class period and/or
failed to disclose that: (1) Tenaris’s CEO and Chairman, Paolo Rocca, knew that one of his company’s executives paid cash to
government officials from 2009 to 2012 to expedite compensation payments for the sale of Sidor; (2) this conduct would lead to
Rocca being charged in a graft scheme, and subject Tenaris, its affiliates, and/or executives to heightened governmental scrutiny;
and (3) as a result, Tenaris’s public statements were materially false and/or misleading at all relevant times. When the true
details entered the market, the lawsuit claims that investors suffered damages.
To learn more about the Tenaris S.A. class action contact jlevi@levikorsinsky.com.
Teladoc Health, Inc. (NYSE: TDOC)
Class Period: March 3, 2016 - December 5, 2018
Lead Plaintiff Deadline: February 11, 2019
Join the action: https://www.zlk.com/pslra-1/teladoc-health-inc-loss-form?wire=3
About the lawsuit: Throughout the class period, Teladoc Health, Inc. allegedly made materially false and/or misleading
statements and/or failed to disclose that: (i) Executive Vice President and Chief Operating Officer Mark Hirschhorn was engaged in
an inappropriate sexual relationship with a subordinate; (ii) Hirschhorn and this subordinate engaged in insider trading to provide
themselves with undue benefits; (iii) Hirschhorn caused the subordinate to receive promotions for which she was unqualified,
thereby negatively impacting the Company’s operations; (iv) the Company’s enforcement of its own purported employment and trading
policies were inadequate to prevent the foregoing conduct; and (v) as a result, the Company’s public statements were materially
false and misleading at all relevant times.
To learn more about the Teladoc Health, 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
