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CLASS ACTION UPDATE for ERII, GWRE and UCO: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / August 14, 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. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

ERII Shareholders Click Here: https://www.zlk.com/pslra-1/energy-recovery-inc-loss-submission-form?prid=8583&wire=1
GWRE Shareholders Click Here: https://www.zlk.com/pslra-1/guidewire-software-inc-loss-submission-form?prid=8583&wire=1
UCO Shareholders Click Here: https://www.zlk.com/pslra-1/proshares-ultra-bloomberg-crude-oil-loss-submission-form?prid=8583&wire=1

* ADDITIONAL INFORMATION BELOW *

Energy Recovery, Inc. (NASDAQ:ERII)

ERII Lawsuit on behalf of: investors who purchased August 2, 2017 - June 29, 2020
Lead Plaintiff Deadline : September 21, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/energy-recovery-inc-loss-submission-form?prid=8583&wire=1

According to the filed complaint, during the class period, Energy Recovery, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company had different strategic perspectives regarding commercialization of the Company's VorTeq technology than Schlumberger Technology Corp., which had exclusive rights to the use of VorTeq (ii) these differences created substantial risk of early termination of the Company's exclusive licensing agreement with Schlumberger; (iii) accordingly, the revenue guidance and expectations of future license revenue was false and lacked reasonable basis; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.

Guidewire Software, Inc. (NYSE:GWRE)

GWRE Lawsuit on behalf of: investors who purchased March 6, 2019 - March 4, 2020
Lead Plaintiff Deadline : September 23, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/guidewire-software-inc-loss-submission-form?prid=8583&wire=1

According to the filed complaint, during the class period, Guidewire Software, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) that the Company's transition to the cloud was not going well; (2) that Guidewire's cloud-based products needed to be improved to meet customer needs and catch up with rival systems; (3) that the Company's failed transition to the cloud was also hurting Guidewire's traditional on-premise business; and (4) as a result, Guidewire's revenue guidance, including guidance principally based on significantly increasing demand for the Company's cloud-based products, was baseless and unattainable.

Proshares Ultra Bloomberg Crude Oil (NYSE:UCO)

UCO Lawsuit on behalf of: investors who purchased March 6, 2020 - April 27, 2020
Lead Plaintiff Deadline : September 28, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/proshares-ultra-bloomberg-crude-oil-loss-submission-form?prid=8583&wire=1

According to the filed complaint, during the class period, Proshares Ultra Bloomberg Crude Oil made materially false and/or misleading statements and/or failed to disclose that: (1) decreased demand for oil due to the coronavirus pandemic and increased oil supply and diminished oil prices caused by the Russia/Saudi oil price war had caused extraordinary market volatility; (2) a massive influx of investor capital into the Fund, totaling hundreds of millions of dollars, in a matter of days had increased Fund inefficiencies, heightened illiquidity in the West Texas Intermediate ("WTI") futures contract markets in which the Fund invested, and caused the Fund to approach positional and regulatory limits (adverse trends exacerbated by the Offering itself); (3) there was a sharp divergence between spot and future prices in the WTI oil markets, leading to a super contango market dynamic as oil storage space in Cushing, Oklahoma dwindled and was insufficient to account for the excess supply expected to be delivered pursuant to the WTI May 2020 futures contract. As a result, UCO could not continue to pursue the passive investment strategy represented in the Registration Statement, causing its results to significantly deviate from its purported benchmark.

You have until the lead plaintiff deadlines to request that 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 nationally recognized 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/601794/CLASS-ACTION-UPDATE-for-ERII-GWRE-and-UCO-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

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