CLASS ACTION UPDATE for PSMT, MBNKF and CYH: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / June 26, 2019 / 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.

PriceSmart, Inc. (NASDAQGS: PSMT)

Class Period: October 26, 2017 - October 25, 2018
Lead Plaintiff Deadline : July 22, 2019
Join the action: https://www.zlk.com/pslra-1/pricesmart-inc-loss-form?prid=2081&wire=1

The lawsuit alleges: PriceSmart, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the Company's omni-channel business strategy had failed to reach key operating goals; (2) the Company's South America distribution strategy had failed to realize key cost saving goals; (3) the Company had invested Trinidad and Tobago dollars into certificates of deposits with financial institutions; (4) that these investments had been improperly classified as cash and cash equivalents; (5) the relevant corrections would materially impact financial statements; (6) there was a material weakness in the Company's internal controls over financial reporting; (7) increasing competition negatively impacted the Company's revenue and profitability; and (8) 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 PriceSmart, Inc. class action contact jlevi@levikorsinsky.com.

Metro Bank PLC (OTC PINK: MBNKF)

Class Period: March 6, 2018 - May 1, 2019
Lead Plaintiff Deadline : July 29, 2019
Join the action: https://www.zlk.com/pslra-1/metro-bank-plc-loss-form?prid=2081&wire=1

The lawsuit alleges that, during the class period, Metro Bank PLC made materially false and/or misleading statements and/or failed to disclose that: (1) Metro Bank misclassified the risk terms of many of its loans; (2) accordingly, Metro Bank failed to maintain sufficient capital; (3) this conduct would lead to investigations by the PRA and FCA; (4) this conduct would also lead to the reduction of deposits at Metro Bank from larger commercial and partnership clients; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

To learn more about the Metro Bank PLC class action contact jlevi@levikorsinsky.com.

Community Health Systems, Inc. (NYSE: CYH)

Class Period: February 20, 2017 - February 27, 2018
Lead Plaintiff Deadline : July 29, 2019
Join the action: https://www.zlk.com/pslra-1/community-health-systems-inc-loss-form?prid=2081&wire=1

The lawsuit alleges: Community Health Systems, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company had understated its contractual allowances; (2) the Company had understated its provision for bad debts; (3) as a result, the Company had overstated its net operating revenue; (4) as a result, the Company had understated its net loss; and (5) 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 Community Health Systems, Inc. class action contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request the court appoint 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
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP