NEW YORK, Feb. 15, 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.
Immunomedics, Inc. (NASDAQ: IMMU)
Class Period: February 8, 2018 - January 18, 2019
Lead Plaintiff Deadline: February 25, 2019
Join the action: https://www.zlk.com/pslra-1/immunomedics-inc-loss-form?wire=3
Allegations: Immunomedics, Inc. made materially false and/or misleading statements throughout the class period and/or failed to
disclose that: (i) Immunomedics’ Morris Plains, New Jersey drug substance manufacturing facility was not in compliance with FDA
requirements; (ii) the Company’s Quality Control Unit did not possess the authority to investigate
and correct critical FDA violations occurring at the Morris Plains, New
Jersey facility; (iii) the Company suffered a February 2018 data
integrity breach at the Morris Plains, New Jersey facility which, among
other issues, included the backdating records and manipulation of bioburden samples; (iv) the Company’s
Chemistry, Manufacturing and Control data submitted in connection with its BLA
for sacituzumab govitecan was insufficient to support FDA approval; and (v) as a result, the Company’s
public statements were materially false and misleading at all relevant times.
To learn more about the Immunomedics, Inc. class action contact jlevi@levikorsinsky.com.
Astec Industries, Inc. (NASDAQ: ASTE)
Class Period: July 26, 2016 - October 22, 2018
Lead Plaintiff Deadline: April 2, 2019
Join the action: https://www.zlk.com/pslra-1/astec-industries-inc-loss-form?wire=3
The complaint alleges that throughout the Class Period, defendants made false and misleading statements and/or failed to
disclose adverse information regarding Astec’s business, operations and prospects, including that its wood pellet plants suffered
from significant and costly problems that prevented them from running at their promised production capacity, posing a threat to the
Company’s pellet plant business, its overall financial performance, and its financial outlook. As a result of this information
being withheld from the market, the price of Astec stock was artificially inflated to a high of nearly $70 per share during the
Class Period.
To learn more about the Astec Industries, Inc. class action contact jlevi@levikorsinsky.com.
ProShares Short VIX Short-Term Futures (NYSEArca: SVXY)
Class Period: Investors in ProShares Short VIX Short-Term Futures ETF pursuant to the May 15, 2017 Registration Statement
and/or between May 15, 2017 and February 5, 2018
Lead Plaintiff Deadline: April 1, 2019
Join the action: https://www.zlk.com/pslra-1/proshares-short-vix-short-term-futures-loss-form?wire=3
Allegations: During the class period, ProShares Short VIX Short-Term Futures made materially false and/or misleading statements
and/or failed to disclose that: According to the complaint in the Registration Statement and during the Class Period, defendants
made false and misleading statements and/or failed to disclose adverse information regarding the risks of investing in the Fund.
Specifically, the Registration Statement failed to disclose that the Fund was threatened with catastrophic losses as a result of
the Fund’s flawed design and the low-volatility environment and acute liquidity risks that existed during the Class Period. In
addition, during the Class Period defendants made similar false and misleading statements in numerous financial reports and draft
prospectuses and registration statements filed with the SEC.
To learn more about the ProShares Short VIX Short-Term Futures 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
Allegations: General Electric Company 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
