CEDARHURST, N.Y., Feb. 20, 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.
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
Uxin Limited (NASDAQGS: UXIN)
Investors Affected: Pursuant and/or traceable to the Company’s Registration Statement and Prospectus issued in connection
with the June 27, 2018 initial public offering
A class action has commenced on behalf of certain shareholders in Uxin Limited. The Registration Statement was materially false
and misleading and omitted to state that: (1) Uxin was likely to stop providing complementary services such as inspections to its
customers; (2) instead, Uxin would connect consumers to dealers who would provide such complementary services; (3) as a result,
Uxin’s 2B business would be materially impacted; and (4) consequently, Defendants’ statements in the Registration Statement
regarding Uxin’s business, operations, and prospects, were materially false and/or misleading.
Shareholders may find more information at https://kclasslaw.com/securities/uxin-limited-loss-submission-form/?wire=3
General Electric Company (NYSE: GE)
Investors Affected: December 27, 2017 - October 29, 2018
A class action has commenced on behalf of certain shareholders in General Electric Company. The filed complaint alleges that
defendants 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.
Shareholders may find more information at https://kclasslaw.com/securities/general-electric-company-loss-submission-form/?wire=3
Maiden Holdings, Ltd. (NASDAQGS: MHLD)
Investors Affected: March 4, 2014 - November 9, 2018
A class action has commenced on behalf of certain shareholders in Maiden Holdings, Ltd. 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.
Shareholders may find more information at https://kclasslaw.com/securities/maiden-holdings-ltd-loss-submission-form/?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
