CLASS ACTION UPDATE for DLNG, PVTL and ZUO: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Wednesday, June 26, 2019 6:40 PM
NEW YORK, NY / ACCESSWIRE / June 26, 2019 / 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 and further details about the cases can be found at the links provided.
Dynagas LNG Partners LP (NYSE: DLNG)
Class Period: February 16, 2018 - March 21, 2019
Lead Plaintiff Deadline : July 16, 2019
Join the action: https://www.zlk.com/pslra-1/dynagas-lng-partners-lp-loss-form?prid=2101&wire=1
About the lawsuit: Throughout the class period, Dynagas LNG Partners LP allegedly made materially false and/or misleading statements and/or failed to disclose that: the terms of the Company's long-term contracts on its liquid natural gas ships, Arctic Aurora and Ob River, were unfavorable and resulted in the Company's inability to sustain its quarterly distributions. As a result of the Defendants' false and misleading statements and omissions, Dynagas securities traded at artificially inflated prices during the Class Period. Such inflation was removed when it was revealed that the Arctic Aurora and the Ob River were commencing employment under new extended charter contracts which were at lower rates compared to the previous charter contracts, thereby undermining the Company's ability to make future distributions.
To learn more about the Dynagas LNG Partners LP class action contact [email protected].
Pivotal Software, Inc. (NYSE: PVTL)
Class Period: investors who purchased common stock pursuant or traceable to the April 2018 initial public offering and/or Pivotal securities between April 24, 2018 and June 4, 2019.
Lead Plaintiff Deadline : August 19, 2019
Join the action: https://www.zlk.com/pslra-1/pivotal-software-inc-loss-form?prid=2101&wire=1
About the lawsuit: Pivotal Software, Inc. allegedly made materially false and/or misleading statements during the class period and/or failed to disclose that: (i) Pivotal was facing major problems with its sales execution and a complex technology landscape; (ii) the foregoing headwinds resulted in deferred sales, lengthening sales cycles, and diminished growth as its customers and the industry's sentiment shifted away from Pivotal's principal products because the Company's products were outdated, inadequate, and incompatible with the industry-standard platform; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
To learn more about the Pivotal Software, Inc. class action contact [email protected].
Zuora, Inc. (NYSE: ZUO)
Class Period: April 12, 2018 - May 30, 2019
Lead Plaintiff Deadline : August 13, 2019
Join the action: https://www.zlk.com/pslra-1/zuora-inc-loss-form?prid=2101&wire=1
About the lawsuit: Throughout the class period, Zuora, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company would focus on implementing RevPro for new customers ahead of the deadline to comply with accounting standard ASC 606; (2) as a result, the Company lacked adequate resources to integrate RevPro with the core business; (3) the Company would focus on RevPro integration a year after the acquisition closed; (4) delays in integrating RevPro would materially impact the business; (5) the market for RevPro was limited to customers seeking to implement new accounting standards such as ASC 606; (6) after the deadline for ASC 606 compliance passed, demand for RevPro was reasonably likely to decline; and (7) 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.
To learn more about the Zuora, Inc. class action contact [email protected].
You have until the lead plaintiff deadlines to request the court appoint as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national 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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP