NEW YORK, March 08, 2019 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that class action complaints have been
filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to
request that the court appoint you as lead plaintiff.
VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes (NASDAQGM: ZIV)
Class Period: June 30, 2017 to February 5, 2018
Lead Plaintiff Deadline: April 5, 2019
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.
Get additional information about the ZIV lawsuit: http://www.kleinstocklaw.com/pslra-1/velocityshares-daily-inverse-vix-medium-term-exchange-traded-notes-loss-submission-form?wire=3
Vale S.A. (NYSE: VALE)
Class Period: April 11, 2017 to January 28, 2019
Lead Plaintiff Deadline: March 29, 2019
The complaint alleges that during the class period Vale S.A. made materially false and/or misleading statements
and/or failed to disclose that: (i) Vale had failed to adequately assess the risk and damage potential of a dam breach at its
Feijão iron ore mine especially in light of its experience in 2015; (ii) Vale’s programs to mitigate health and safety incidents
were inadequate; (iii) Defendants filed to disclose that Vale’s auditor was not independent, as required under Brazilian mining
law; (iv) Defendants failed to disclose that an internal report commissioned by Vale in 2018 to assess the stability of the
tailings dam raised concerns over its drainage and monitoring systems; (v) Defendants failed to disclose the existence of
information that the dam was at risk of "liquefaction,” the same issue that led to the 2015 collapse of the Samarco dam; and (vi)
as a result, Vale’s public statements were materially false and misleading at all relevant times.
Get additional information about the VALE lawsuit: http://www.kleinstocklaw.com/pslra-1/vale-s-a-loss-submission-form?wire=3
General Electric Company (NYSE: GE)
Class Period: December 27, 2017 to October 29, 2018
Lead Plaintiff Deadline: April 2, 2019
The lawsuit alleges that 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.
Get additional information about the GE lawsuit: http://www.kleinstocklaw.com/pslra-1/general-electric-company-loss-submission-form?wire=3
Weight Watchers International, Inc. (NASDAQ: WTW)
Class Period: May 4, 2018 to February 26, 2019
Lead Plaintiff Deadline: May 3, 2019
The lawsuit alleges that throughout the class period, Weight Watchers International, Inc. made materially false
and/or misleading statements and/or failed to disclose that: (a) Weight Watchers was experiencing diminished subscriber demand
attributable due to the onslaught of new competing smartphone fitness apps, meal-delivery services, and other tech advances was
driving down Weight Watchers’ new subscriber growth and its subscriber retention rates; (b) diminished subscriber growth, when
coupled with the much larger number of fourth quarter subscription lapses that Weight Watchers typically experiences, made it
highly unlikely that the Company would retain four million subscribers by the end of 2018; (c) Weight Watchers was not on track to
grow its subscriber count to five million or to drive annual revenues to more than $2 billion by the end-of-2020; (d) a decreased
subscriber count would result in decreased revenues and profits; and (e) as a result, Defendants’ statements about Weight Watchers’
business metrics and financial prospects were materially false and misleading and/or lacked a reasonable basis at all relevant
times.
Get additional information about the WTW lawsuit: http://www.kleinstocklaw.com/pslra-1/weight-watchers-international-inc-loss-submission-form?wire=3
Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. There is no cost or
obligation to you. If you suffered a loss during the class period and wish to obtain additional information, please contact J.
Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud
throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
