NEW YORK, March 04, 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.
VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes (NASDAQGM: ZIV)
Class Period: June 30, 2017 - February 5, 2018
Lead Plaintiff Deadline: April 5, 2019
Join the action: https://www.zlk.com/pslra-1/velocityshares-daily-inverse-vix-medium-term-exchange-traded-notes-loss-form?wire=3
The filed complaint alleges that throughout the class period defendants made materially false or misleading statements relating
to the risks of investing in ZIV including that: (i) the inverse ETNs was not appropriate for managing daily trading risks; (ii)
Credit Suisse had designed the ZIV to fail under certain market conditions; (iii) Credit Suisse had offered and sold more inverse
ETNs than the market could bear, which would enable Credit Suisse to cause the collapse of the inverse ETNs when the opportunity
presented itself; and (iv) Credit Suisse could actively manipulate inverse ETNs by precipitating an acute liquidity event in
volatility markets including markets for VIX futures.(i) the inverse ETNs was not appropriate for managing daily trading risks;
(ii) Credit Suisse had designed the ZIV to fail under certain market conditions; (iii) Credit Suisse had offered and sold more
inverse ETNs than the market could bear, which would enable Credit Suisse to cause the collapse of the inverse ETNs when the
opportunity presented itself; and (iv) Credit Suisse could actively manipulate inverse ETNs by precipitating an acute liquidity
event in volatility markets including markets for VIX futures.
To learn more about the VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes 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.
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.
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
