CEDARHURST, N.Y., Feb. 17, 2019 (GLOBE NEWSWIRE) -- The securities litigation law firm of Kuznicki Law PLLC issues
the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in
these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff
and a preliminary estimate of their recoverable losses.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a
settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from
investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff
and counsel chosen by the lead plaintiff. No classes have yet been certified in the actions below. Appointment as lead plaintiff is
not required to partake in any recovery.
Arlo Technologies, Inc. (NYSE: ARLO)
Investors Affected: 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
A class action has commenced on behalf of certain shareholders in Arlo Technologies, Inc. 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.
Shareholders may find more information at https://kseclaw.com/securities/arlo-technologies-inc/?wire=3
Sogou Inc. (NYSE: SOGO)
Investors Affected: Purchasers of American Depositary Shares pursuant and/or traceable to Sogou's false and misleading
Registration Statement and Prospectus issued in connection with the Company's initial public offering on November 9,
2017
A class action has commenced on behalf of certain shareholders in Sogou Inc. The filed complaint alleges that defendants made
materially false and/or misleading statements and/or failed to disclose that: (i) Chinese regulators were analyzing Sogou for
regulatory action because of an increase in Sogou merchants’ sales of counterfeit goods; (ii) Chinese regulators were analyzing
Sogou for regulatory action because Sogou’s existing software, advertising procedures, personnel, and audit procedures were
insufficient to safeguard against compliance violations with governing Chinese regulations, and would need to be updated,
enhanced, and strengthened, thus resulting in increased expenses; (iii) Sogou’s cost of revenues were skyrocketing primarily
because of significant increases in Traffic Acquisition Cost, which is a primary driver of Sogou’s cost of revenues, as Sogou was
dealing with significant price inflation from increased competition; (iv) Sogou was going to alter its strategy concerning smart
hardware and push the Company’s AI capabilities to increase product competitiveness; (v) as a result of altering its
smart hardware strategy, Sogou had already decided to phase out non-AI-enabled hardware products, such as legacy
models of Teemo Smart Watch, and transition to use products integrating AI technologies, which Sogou hoped would reduce its
hardware revenue in the second half of 2018; and (vi) as a result of the foregoing, Sogou’s public
statements were materially false and misleading at all relevant times.
Shareholders may find more information at https://kseclaw.com/securities/sogou-inc/?wire=3
Ferroglobe PLC (NASDAQ: GSM)
Investors Affected: August 21, 2018 - November 26, 2018
A class action has commenced on behalf of certain shareholders in Ferroglobe PLC. The filed complaint alleges that defendants
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.
Shareholders may find more information at https://kseclaw.com/securities/ferroglobe-plc/?wire=3
Vale S.A. (NYSE: VALE)
Investors Affected: April 13, 2018 - January 28, 2019
A class action has commenced on behalf of certain shareholders in Vale S.A. The filed complaint alleges that defendants made
materially false and/or misleading statements and/or failed to disclose that: (1) Vale had failed to adequately assess the risk and
damage potential of a dam breach at its Feijão iron ore mine; (2) Vale’s programs to mitigate health and safety incidents were
inadequate; (3) consequently, several people were killed and hundreds more were reported missing after Vale’s dam at its Feijão
mine was breached; and (4) 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.
Shareholders may find more information at https://kseclaw.com/securities/vale-s-a/?wire=3
Kuznicki Law PLLC is committed to ensuring that companies adhere to responsible business practices and engage in
good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading
statements or the omission of material information by a Company lead to artificial inflation of the Company's stock.
CONTACT:
Kuznicki Law PLLC
Daniel Kuznicki, Esq.
445 Central Avenue, Suite 334
Cedarhurst, NY 11516
Email: dk@kclasslaw.com
Phone: (347) 696-1134
Cell: (347) 690-0692
Fax: (347) 348-0967
