NEW YORK, NY / ACCESSWIRE / August 24, 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.
WRCDF Shareholders Click Here: https://www.zlk.com/pslra-1/wirecard-ag-loss-submission-form?prid=8778&wire=1
KODK Shareholders Click Here: https://www.zlk.com/pslra-1/eastman-kodak-company-information-request-form-2?prid=8778&wire=1
QTT Shareholders Click Here: https://www.zlk.com/pslra-1/qutoutiao-inc-information-request-form-2?prid=8778&wire=1
* ADDITIONAL INFORMATION BELOW *
Wirecard AG (OTC PINK:WRCDF)
WRCDF Lawsuit on behalf of: investors who purchased August 17, 2015 - June 24, 2020
Lead Plaintiff Deadline : September 8, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/wirecard-ag-loss-submission-form?prid=8778&wire=1
According to the filed complaint, during the class period, Wirecard AG made materially false and/or misleading statements and/or failed to disclose that: (1) Wirecard overstated its cash balances during the Class Period, falsely claiming €1.9 billion of cash in a trust account that was missing; (2) Wirecard overstated its financial results during the Class Period, including revenue and EBITDA; (3) Wirecard did not have adequate risk management or countermeasures; (4) the Company's external auditor failed to audit Wirecard in accordance with applicable auditing principles; and (5) as a result, Defendants' statements about Wirecard's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Eastman Kodak Company (NYSE:KODK)
KODK Lawsuit on behalf of: investors who purchased July 27, 2020 - August 7, 2020
Lead Plaintiff Deadline : October 13, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/eastman-kodak-company-information-request-form-2?prid=8778&wire=1
According to a filed complaint, defendants failed to disclose that the Company had granted its Executive Chairman, James Continenza, and several other Company insiders millions of dollars' worth of stock options immediately prior to the Company publicly disclosing that it had received the $765 million loan, which Defendants knew would cause Kodak's stock to immediately increase in value once the deal was announced. In addition, while in possession of this material non-public information, Continenza and other Company insiders purchased tens of thousands of the Company's shares immediately prior to the announcement, again at prices that they knew would increase exponentially once news of the loan became public.
Qutoutiao Inc. (NASDAQ:QTT)
This lawsuit is on behalf of persons and entities that: a) purchased or otherwise acquired Qutoutiao American Depositary Shares pursuant and/ortraceable to the registration statement and prospectus issued in connection with the Company's September 2018 initial public offering; and/or b) purchased or otherwise acquired Qutoutiao securities between September 14, 2018 and July 15, 2020.
Lead Plaintiff Deadline : October 19, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/qutoutiao-inc-information-request-form-2?prid=8778&wire=1
According to the filed complaint, (1) Qutoutiao replaced its advertising agent with a related party, thereby bypassing third-party oversight of the content and quality of the advertisements; (2) the Company placed advertisements on its mobile app for products whose claims could not be substantiated and thus were considered false advertisements under applicable regulations; (3) as a result, the Company would face increasing regulatory scrutiny and reputational harm; (4) as a result, the Company's advertising revenue was reasonably likely to decline; 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.
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.
SOURCE: Levi & Korsinsky, LLP
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