The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of INFY, QUAD, TIGR and CGC

11/27/2019, 3:53 PM (Source: GlobeNewswire)

NEW YORK, Nov. 27, 2019 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of 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.      

Infosys Limited (NYSE: INFY)
Class Period: July 7, 2018 to October 20, 2019
Lead Plaintiff Deadline: December 23, 2019

The INFY lawsuit alleges Infosys Limited made materially false and/or misleading statements and/or failed to disclose during the class period that: (1) the Company improperly recognized revenues to inflate short-term profits; (2) Chief Executive Officer Salil Parekh bypassed reviews and approvals for large deals to avoid accounting scrutiny; (3) management pressured the Company’s finance team to hide information from auditors and the Company’s Board of Directors; and (4) as a result of the aforementioned misconduct, Defendants’ statements about Infosys’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

Get additional information about the INFY lawsuit: http://www.kleinstocklaw.com/pslra-1/infosys-limited-loss-submission-form?from=3&id=4627 

Quad/Graphics, Inc. (NYSE: QUAD)
Class Period: February 21, 2018 to October 29, 2019
Lead Plaintiff Deadline: January 6, 2020

The QUAD lawsuit alleges that throughout the class period, Quad/Graphics, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s book business in United States was underperforming; (2) as a result, the Company was likely to divest its book business; (3) the Company was unreasonably vulnerable to decreases in market prices; (4) to remain financially flexible while market prices decreased, the Company was likely to cut its quarterly dividend and expand its cost reduction programs; and (5) as a result of the foregoing, positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Get additional information about the QUAD lawsuit: http://www.kleinstocklaw.com/pslra-1/quad-graphics-inc-loss-submission-form?from=3&id=4627 

UP Fintech Holding Limited (NASDAQ: TIGR)
Class Period: all persons and entities that purchased or otherwise acquired: (a) Fintech American Depository Shares pursuant and/or traceable to the Company’s initial public offering conducted on or about March 20, 2019; or (b) Fintech securities between March 20, 2019 and May 16, 2019.
Lead Plaintiff Deadline: January 6, 2020

UP Fintech Holding Limited allegedly made materially false and/or misleading statements and/or failed to disclose that:  (i) Fintech was experiencing a material decrease in commissions because of a negative trend related to risk-averse investors in the market; (ii) Fintech was unable to absorb costs associated with the rapid growth of its business and its status as a publicly listed company on a U.S. exchange; (iii) Fintech was incurring significant additional expenses related to, inter alia, employee headcount and employee compensation and benefits; (iv) all of the foregoing had led to Fintech significantly increasing operating costs and expenses; and (v) as a result, the documents filed by the Company in connection with the initial public offering were materially false and/or misleading and failed to state information required to be stated therein, and the Company’s Class Period statements were likewise materially false and/or misleading.

Get additional information about the TIGR lawsuit: http://www.kleinstocklaw.com/pslra-1/up-fintech-holding-limited-loss-submission-form?from=3&id=4627 

Canopy Growth Corporation (NYSE: CGC)
Class Period: June 21, 2019 to November 13, 2019
Lead Plaintiff Deadline: January 20, 2020

The CGC lawsuit alleges Canopy Growth Corporation made materially false and/or misleading statements and/or failed to disclose during the class period that: (1) the Company was experiencing weak demand for its softgel and oil products; (2) as a  result, the Company would be forced to take a CA$32.7 million restructuring charge due to poor sales, excessive returns, and excess inventory; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Get additional information about the CGC lawsuit: http://www.kleinstocklaw.com/pslra-1/canopy-growth-corporation-loss-submission-form?from=3&id=4627 

Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. There is no cost or obligation to you. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com 

Primary Logo

Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.