CEDARHURST, N.Y., March 28, 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.
VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes (NASDAQGM: ZIV)
Investors Affected: June 30, 2017 - February 5, 2018
A class action has commenced on behalf of certain shareholders in VelocityShares Daily Inverse VIX Medium Term Exchange Traded
Notes. 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.
Shareholders may find more information at https://kseclaw.com/securities/velocityshares-daily-inverse-vix-medium-term-exchange-traded-notes-loss-submission-form/?wire=3
Molson Coors Brewing Company (NYSE: TAP)
Investors Affected: February 14, 2017 - February 12, 2019
A class action has commenced on behalf of certain shareholders in Molson Coors Brewing Company. The filed complaint alleges that
defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Molson Coors failed to properly
reconcile the outside basis deferred income tax liability for Molson Coors’ investment in its MillerCoors, LLC partnership; (2)
consequently, Molson Coors misreported net income in its consolidated financial statements for the fiscal years ending December 31,
2016 and December 31, 2017, resulting in an overall downward revision to net income; (3) Molson Coors lacked adequate internal
controls over financial reporting; and (4) as a result, defendants’ statements about Molson Coors’ 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://kclasslaw.com/securities/molson-coors-brewing-company-loss-submission-form/?wire=3
The Kraft Heinz Company (NASDAQ: KHC)
Investors Affected: July 6, 2015 - February 21, 2019
A class action has commenced on behalf of certain shareholders in The Kraft Heinz Company. The filed complaint alleges that
defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Defendants misrepresented that
the Zero Based Budgeting (“ZBB”) and other cost-saving measures would deliver increased profitability while simultaneously
maintaining base business momentum; (ii) Defendants failed to disclose known trends that were negatively impacting the Company’s
organic sales growth and profitability; (iii) Defendants falsely represented the ability of the Company’s pipeline of new products
to generate organic growth; (iv) Defendants falsely stated that “main-stays like Oscar Mayer [and] Kraft cheese” were “tangible
drivers of [a] turnaround in the second half of 2018”; (v) Defendants failed to disclose known trends that resulted in the
intangible asset impairments associated with the Company’s Oscar Mayer and Kraft brands; and (vi) Defendants failed to disclose
known trends that resulted in the goodwill impairments affecting its U.S. Refrigerated and Canada Retail divisions.
Shareholders may find more information at https://kclasslaw.com/securities/the-kraft-heinz-company-loss-submission-form/?wire=3
Vanda Pharmaceuticals Inc. (NASDAQ: VNDA)
Investors Affected: November 4, 2015 - February 11, 2019
A class action has commenced on behalf of certain shareholders in Vanda Pharmaceuticals Inc. The filed complaint alleges that
defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Vanda was engaged in a fraudulent
scheme in which it promoted the off-label use of Fanapt and Hetlioz; (2) Vanda was fraudulently receiving drug reimbursements from
the government by abusing Medicare, Medicaid, and Tricare programs; (3) as a result of the scheme, Vanda faced legal action from
the government; (4) Vanda’s promotional materials for Fanapt and Hetlioz were false and misleading, garnering regulatory scrutiny
from the U.S. Food and Drug Administration; and (5) as a result, defendants’ statements about Vanda’s 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://kclasslaw.com/securities/vanda-pharmaceuticals-inc-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 344
Cedarhurst, NY 11516
Email: dk@kclasslaw.com
Phone: (347) 696-1134
Cell: (347) 690-0692
Fax: (347) 348-0967
