NEW YORK, Feb. 13, 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.
Arlo Technologies, Inc. (NYSE: ARLO)
Class Period: Investors who purchased shares pursuant and/or traceable to the Company's Registration Statement and
Prospectus issued in connection with the August 3, 2018 Initial Public Offering
Lead Plaintiff Deadline: March 25, 2019
Join the action: https://www.zlk.com/pslra-1/arlo-technologies-inc-loss-form?wire=3
The filed complaint alleges that the Registration Statement made materially false and/or misleading statements and/or failed to
disclose that: (i) there was a flaw and/or quality issue with Arlo’s newly designed battery for its Ultra camera systems; (ii) this
flaw and/or quality issue with the Ultra battery could result in a shipping delay of Arlo’s Ultra product; (iii) such a shipping
delay endangered Arlo’s chances of launching the Ultra product in time for the crucial holiday season; (iv) such a shipping delay
would allow Arlo’s competitors to capitalize on the Ultra product’s missed launch, thereby increasing their own market share; (v)
Arlo’s consumers had been experiencing battery drain issues and other battery-related issues in connection with recent firmware
updates; (vi) because of the foregoing, Arlo’s fourth quarter 2018 results and consumer base would be negatively impacted; and
(vii) as a result, Arlo’s Registration Statement was materially false and misleading at all relevant times.
To learn more about the Arlo Technologies, Inc. class action contact jlevi@levikorsinsky.com.
DXC Technology Company (NYSE: DXC)
Class Period: February 8, 2018 - November 6, 2018
Lead Plaintiff Deadline: February 25, 2019
Join the action: https://www.zlk.com/pslra-1/dxc-technology-company-loss-form?wire=3
About the lawsuit: Throughout the class period, DXC Technology Company allegedly made materially false and/or misleading
statements and/or failed to disclose that: (a) the Company had changed or planned to change the operations of its sales teams,
deploying generalized sales teams as opposed to the specialized teams that were better capable of delivering specialized services
to its clients; (b) the Company’s workforce optimization strategy of sharply reducing staff while reducing costs was resulting in a
shortage of sales personnel who could execute on demand for services, thereby risking and ultimately losing sales and revenue
opportunities; (c) in light of the above, the Company’s revenue and financial performance guidance for the fiscal year 2019 and its
reaffirmation of the guidance during the Class Period was without a reasonable basis.
To learn more about the DXC Technology Company class action contact jlevi@levikorsinsky.com.
Ferroglobe PLC (NASDAQ: GSM)
Class Period: August 21, 2018 - November 26, 2018
Lead Plaintiff Deadline: March 25, 2019
Join the action: https://www.zlk.com/pslra-1/ferroglobe-plc-loss-form?wire=3
About the lawsuit: During the class period, Ferroglobe PLC allegedly made materially false and/or misleading statements and/or
failed to disclose that: (1) there was excess supply of the Company’s products; (2) demand for the Company’s products was
declining; (3) as a result, the pricing of the Company’s products would be materially impacted; and (4) 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 Ferroglobe PLC class action contact jlevi@levikorsinsky.com.
General Electric Company (NYSE: GE)
Class Period: December 27, 2017 - October 29, 2018
Lead Plaintiff Deadline: April 2, 2019
Join the action: https://www.zlk.com/pslra-1/general-electric-company-loss-form?wire=3
About the lawsuit: General Electric Company allegedly made materially false and/or misleading statements and/or failed to
disclose that: (i) the design and technology of GE Power’s flagship gas turbines were structurally flawed as they were plagued with
an oxidation problem that caused the blades in the H-Class gas turbines to fail; (ii) GE Power’s goodwill was materially
overstated, in large part because of such structural issues; (iii) the Company lacked adequate internal and financial controls; and
(iv) as a result of the foregoing, Defendant’s public statements were materially false and/or misleading and/or lacked a reasonable
basis.
To learn more about the General Electric Company 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
