Silver Law Group, a nationally-recognized class action law firm representing investors, is investigating Conagra Brands (CAG) on reports that the company may have violated the law by making misleading statements about their ability to integrate Pinnacle Foods (PF) into its business.
Ruhnn Holding Limited (RUHN), a publicly-traded fashion and lifestyle company headquartered in China, is the subject of a class action lawsuit.
The complaint for the lawsuit alleges that Ruhnn made statements that were false and/or misleading and/or didn’t disclose important information to shareholders.
The class period includes all persons who purchased shares of Ruhnn pursuant to its April 3, 2019 initial public offering (IPO). The deadline to apply to be lead plaintiff, or class representative, is December 6, 2019. Continue reading
Greenlane Holdings, Inc. (GNLN), a publicly-traded cannabis vaporizer hardware and accessories company based in Boca Raton, Florida, is the subject of a class action lawsuit regarding the initial public offering of the company’s shares. The purpose of the lawsuit is to recover money for investors who purchased shares of Greenlane.
If you’ve suffered damages by investing in Greenlane and are interested in serving as lead plaintiff, contact Silver Law Group at 954-755-4799. In a class action lawsuit, the lead plaintiff represents the other class members in the litigation. The deadline to apply to be lead plaintiff (also called class representative) is November 12, 2019. Continue reading
A pension fund has filed a lawsuit in Illinois federal court alleging that Conagra Brands Inc. tricked investors into approving its nearly $11 billion acquisition of Pinnacle Foods Inc.
Conagra, a massive packaged foods company and component of the S&P 500, told investors that acquiring Pinnacle was a “no brainer” and would help the company expand its frozen food and snack offerings. Then, after the merger closed in late 2018, they revealed serious financial problems with Pinnacle, according to the lawsuit. Conagra’s stock price fell significantly as a result. Continue reading
Silver Law Group, a securities and investment fraud law firm announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of Akers Biosciences, Inc. (Nasdaq: AKER) (“Akers” or the “Company”) securities during the period between May 15, 2017 and June 5, 2018, inclusive (the “Class Period”). Investors who wish to serve as a lead plaintiff in the litigation have until August 13, 2018 to seek appointment as lead plaintiff.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that Akers was improperly recognizing revenue for the fiscal year ended December 31, 2017, and it downplayed weaknesses in its internal controls over financial reporting.
According to the complaint, following a May 21, 2018 filing disclosing the Company’s continuing review of certain revenue recognition items, a May 29, 2018 press release announcing that a director had resigned, and a June 5, 2018 filing stating the previously filed Form 8-K made false statements regarding the director, the value of Akers shares declined significantly.