NEW YORK, NY / ACCESSWIRE / April 6, 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, and further details about the cases can be found at the links provided. There is no cost or obligation to you.
Sasol Limited (NYSE:SSL)
SSL Lawsuit on behalf of: Investors who purchased March 10, 2015 - January 13, 2020
Lead Plaintiff Deadline: April 6, 2020
Join the action: https://www.zlk.com/pslra-1/sasol-limited-loss-form?wire=3&prid=5926
About the SSL lawsuit: During the class period, Sasol Limited allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Sasol had conducted insufficient due diligence into, and failed to account for multiple issues with, the Lake Charles Chemicals Project ("LCCP"), as well as the true cost of the project; (ii) construction and operation of the LCCP, was consequently plagued by control weaknesses, delays, rising costs, and technical issues; (iii) these issues were exacerbated by Sasol's top-level management, who engaged in improper and unethical behavior with respect to financial reporting for the LCCP and the project's oversight; (iv) all the foregoing was reasonably likely to render the LCCP significantly more expensive than disclosed and negatively impact the Company's financial results; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
To learn more about the Sasol Limited class action, contact [email protected].
Luckin Coffee Inc. (NASDAQ:LK)
LK Lawsuit on behalf of: Investors who purchased May 17, 2019 - April 2, 2020
Lead Plaintiff Deadline: April 13, 2020
Join the action: https://www.zlk.com/pslra-1/luckin-coffee-inc-loss-form?wire=3&prid=5926
About the LK lawsuit: Throughout the class period, Luckin Coffee Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) certain of Luckin's financial performance metrics, including per-store per-day sales, net selling price per item, advertising expenses, and revenue contribution from "other products" were inflated; (ii) Luckin's financial results thus overstated the Company's financial health and were consequently unreliable; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
To learn more about the Luckin Coffee Inc. class action, contact [email protected].
VMware, Inc. (NYSE:VMW)
VMW Lawsuit on behalf of: Investors who purchased March 30, 2019 - February 27, 2020
Lead Plaintiff Deadline: June 1, 2020
Join the action: https://www.zlk.com/pslra-1/vmware-inc-loss-form?wire=3&prid=5926
About the VMW lawsuit: VMware, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) VMware's reporting with respect to its backlog of unfilled orders was not in compliance with all relevant accounting and disclosure requirements; (ii) the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny and/or investigation; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
To learn more about the VMware, Inc. class action, contact [email protected].
You have until the lead plaintiff deadlines to request 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.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky LLP