NEW YORK, NY / ACCESSWIRE / March 12, 2020 / 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.
Align Technology, Inc. (NASDAQ:ALGN)
ALGN Lawsuit on behalf of: investors who purchased April 24, 2019 - July 24, 2019
Lead Plaintiff Deadline: May 1, 2020
Join the action: https://www.zlk.com/pslra-1/align-technology-inc-loss-form-2?wire=3&prid=5675
About the ALGN lawsuit: Align Technology, Inc. allegedly made materially false and/or misleading statements during the class period and/or failed to disclose that: (a) Align was then experiencing a significant decline in demand for its products in the important Chinese market; (b) Chinese consumer sentiment towards the Company was deteriorating; and (c) as a result of the foregoing, Defendants' positive statements about Align and its businesses were lacking in a reasonable basis.
To learn more about the Align Technology, Inc. class action, contact jlevi@levikorsinsky.com.
Canaan Inc. (NASDAQ:CAN)
CAN Lawsuit on behalf of: investors who purchased publicly traded securities of Canaan, including its American Depository Shares pursuant and/or traceable to the Company's registration statement and related prospectus issued in connection with the Company's November 20, 2019 initial public offering.
Lead Plaintiff Deadline: May 4, 2020
Join the action: https://www.zlk.com/pslra-1/canaan-inc-loss-form?wire=3&prid=5675
About the CAN lawsuit: Canaan Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the purported "strategic cooperation" was actually a transaction with a related party; (2) the company's financial health was worse than what was actually reported; (3) the company had recently removed numerous distributors from its website just prior to the initial public offering, many of which were small or suspicious businesses; and (4) several of the Company's largest Chinese clients in prior years were clients who were not in the Bitcoin mining industry and, thus, would likely not be repeat customers.
To learn more about the Canaan Inc. class action, contact jlevi@levikorsinsky.com.
Cronos Group Inc. (NASDAQ:CRON)
CRON Lawsuit on behalf of: investors who purchased May 9, 2019 - March 2, 2020
Lead Plaintiff Deadline: May 11, 2020
Join the action: https://www.zlk.com/pslra-1/cronos-group-inc-loss-form-2?wire=3&prid=5675
About the CRON lawsuit: Throughout the class period, Cronos Group Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Cronos had engaged in significant transactions for which its revenue recognition was inappropriate; (ii) the foregoing would foreseeably necessitate reviews that would delay the Company's ability to timely file its periodic reports; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
To learn more about the Cronos Group Inc. 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
|Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP
View source version on accesswire.com:
https://www.accesswire.com/580486/CLASS-ACTION-UPDATE-for-ALGN-CAN-and-CRON-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders
