NEW YORK, Feb. 18, 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.
Sogou Inc. (NYSE: SOGO)
Class Period: 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
Lead Plaintiff Deadline: March 11, 2019
Join the action: https://www.zlk.com/pslra-1/sogou-inc-loss-form?wire=3
Allegations: Sogou Inc. 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.
To learn more about the Sogou Inc. class action contact jlevi@levikorsinsky.com.
AxoGen, Inc. (NASDAQ: AXGN)
Class Period: August 7, 2017 - December 18, 2018
Lead Plaintiff Deadline: March 11, 2019
Join the action: https://www.zlk.com/pslra-1/axogen-inc-loss-form?wire=3
Allegations: During the class period, AxoGen, Inc. made materially false and/or misleading statements and/or failed to disclose
that: (1) the Company aggressively increased prices to mask lower sales; (2) the Company’s pricing alienated customers and
threatened the Company’s future growth; (3) ambulatory surgery centers form a significant part of the market for the Company’s
products; (4) such centers were especially sensitive to price increases; (5) the Company was dependent on a small number of
surgeons whom the Company paid to generate sales; (6) the Company’s consignment model for inventory was reasonably likely to lead
to channel stuffing; (7) the Company offered purchase incentives to sales representatives to encourage channel stuffing; (8) the
Company’s sales representatives were encouraged to backdate revenue to artificially inflate metrics; (9) the Company lacked
adequate internal controls to prevent such channel stuffing and backdating of revenue; (10) the Company’s key operating metrics,
such as number of active accounts, were overstated; and (11) 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 AxoGen, 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: 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.
Maiden Holdings, Ltd. (NASDAQGS: MHLD)
Class Period: March 4, 2014 - November 9, 2018
Lead Plaintiff Deadline: April 12, 2019
Join the action: https://www.zlk.com/pslra-1/maiden-holdings-ltd-loss-form?wire=3
The complaint alleges that during the Class Period, defendants misrepresented the quality and nature of Maiden’s underwriting
and risk management policies and practices and the risks of its reinsurance portfolio. In particular, defendants misleadingly
claimed that they were subjecting AmTrust’s insurance portfolio to robust analysis and cross-checks to ensure that the Company had
appropriately priced the risk of reinsuring AmTrust’s insurance portfolio. In truth, the Company had failed to employ sufficient
underwriting and risk management protocols and had largely abdicated its responsibility to ensure that its AmTrust Reinsurance
segment priced policies commensurate with the risk assumed by the Company.
To learn more about the Maiden Holdings, Ltd. 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
