NEW YORK, NY / ACCESSWIRE / August 23, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.
Proshares Ultra Bloomberg Crude Oil (NYSE:UCO)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/proshares-ultra-bloomberg-crude-oil-loss-submission-form?prid=8756&wire=1
Lead Plaintiff Deadline: September 28, 2020
Class Period: March 6, 2020 - April 27, 2020
Allegations against UCO include 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.
Genius Brands International, Inc (NASDAQ:GNUS)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/genius-brands-international-inc-loss-submission-form?prid=8756&wire=1
Lead Plaintiff Deadline: October 19, 2020
Class Period: March 17, 2020 - July 5, 2020
According to the Genius Brands lawsuit defendants made false and/or misleading statements and/or failed to disclose material information regarding: (i) Nickelodeon's purported broadcast expansion of Genius's Rainbow Rangers cartoon; (ii) subscription fees for the Kartoon Channel!; and (iii) the Company's growth potential and overall prospects as a company.
Staar Surgical Company (NASDAQ:STAA)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/staar-surgical-company-loss-submission-form?prid=8756&wire=1
Lead Plaintiff Deadline: October 19, 2020
Class Period: February 26, 2020 - August 10, 2020
Allegations against STAA include that: the Company was overstating and/or mischaracterizing: (1) its sales and growth in China; (2) its marketing spend; (3) its research and development expenses; and that as a result of the foregoing, (4) Defendants' public statements were materially false and misleading at all relevant times.
To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
SOURCE: The Law Offices of Vincent Wong
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