PITTSBURGH, PA / ACCESSWIRE / May 23, 2019 / Pittsburgh Law Office of Alfred G. Yates Jr. PC is investigating claims on behalf of investors who purchased shares in these companies.
Concerned investors who would like more information about these cases and potential recoveries may contact attorney Alfred G. Yates Jr. by phone at (412) 391-5164 or 1-844-391-5164; by email at [email protected] or [email protected]; or at the firm's website at http://www.yatesclassactionlaw.com.
Care.com (NYSE: CRCM)
A class action has been commenced on behalf of investors in Care.com that alleges Care.com and certain of its officers failed to disclose material adverse facts, with respect to the manner in which the Company vets the caregivers and daycare providers listed on its website. On March 8, 2019, The Wall Street Journal published an article that described how caregivers in the United States "who had police records were listed on Care.com and later were accused of committing crimes while caring for customers' children or elderly relatives." Then on May 9, 2019, The Wall Street Journal reported, "The company lowered its annual guidance for earnings before interest, tax, depreciation and amortization by $8 million. Chief Financial Officer Michael Echenberg said on the company's earnings call Thursday the weaker outlook reflected Care.com's one-time expenses in responding to the Journal's investigation and the safety investments the company is undertaking."
Fusion Connect, Inc. (FSNN)
A class action has been commenced on behalf of investors in Fusion that alleges Fusion and certain of its officers made false and misleading statements by overstating Fusion's earnings as a result of failing to properly account for and capitalize costs. On April 2, 2019, Fusion announced that it would not be able to file its 2018 annual report by when due, certain financial statements could no longer be relied upon and would have to be restated. On this news, the price of Fusion stock fell more than 80%, or $0.98 per share, to close at $0.22 per share on April 3, 2019.
Taronis Technologies, Inc. (TRNX)
A class action has been commenced on behalf of investors in Taronis that alleges Taronis and certain of its officers made the false and misleading statement that it had a contract with the City of San Diego. The Company did not have a contract with the City of San Diego and retracted its prior statement regarding the purported contract. On this news, Taronis stock closed at $0.92 per share, a decline of more than 84% from the stock's intra-day high on January 31, 2019.
Attorney Advertising. Past results do not guarantee a similar outcome.
Alfred G. Yates Jr., Esquire
Law Office of Alfred G. Yates Jr., PC
(412) 391-5164
1-844-391-5164
[email protected]
[email protected]
SOURCE: Law Office of Alfred G. Yates Jr., P.C.