Back to Newsroom
Back to Newsroom

CLASS ACTION UPDATE for SPR, SIX and HAFC: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

Tuesday, 07 April 2020 03:25 PM

Levi & Korsinsky LLP

Topic:
Lawsuits

NEW YORK, NY / ACCESSWIRE / April 7, 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.

Spirit AeroSystems Holdings, Inc. (NYSE:SPR)
SPR Lawsuit on behalf of:
investors who purchased October 31, 2019 - January 29, 2020
Lead Plaintiff Deadline: April 10, 2020
Join the action: https://www.zlk.com/pslra-1/spirit-aerosystems-holdings-inc-loss-form?wire=3&prid=5943

The lawsuit alleges: Spirit AeroSystems Holdings, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the Company lacked effective internal controls over financial reporting; (2) the Company did not comply with its established accounting principles related to potential contingent liabilities; and (3) as a result, Defendants' statements about Spirit's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

To learn more about the Spirit AeroSystems Holdings, Inc. class action, contact [email protected].

Six Flags Entertainment Corporation (NYSE:SIX)
SIX Lawsuit on behalf of:
investors who purchased April 25, 2018 - February 19, 2020
Lead Plaintiff Deadline: April 13, 2020
Join the action: https://www.zlk.com/pslra-1/six-flags-entertainment-corporation-loss-form?wire=3&prid=5943

The lawsuit alleges: Six Flags Entertainment Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) Riverside Investment Group Co. Ltd. ("Riverside"), the Chinese real estate developer with which Six Flags partnered, faced far more financial distress than disclosed to investors; (2) as a result, there was a high likelihood that Riverside would default on its payment obligations to the Company; (3) the Company's international strategy, which relied predominantly on its exclusive agreements with Riverside to develop Six Flags-branded parks in China to drive revenue growth, was significantly less promising than represented to investors; and (4) as a result of the foregoing, Defendants' statements about the Company's business, operations and prospects lacked a reasonable basis.

To learn more about the Six Flags Entertainment Corporation class action, contact [email protected].

Hanmi Financial Corporation (NASDAQ:HAFC)
HAFC Lawsuit on behalf of:
investors who purchased August 12, 2019 - January 28, 2020
Lead Plaintiff Deadline: May 26, 2020
Join the action: https://www.zlk.com/pslra-1/hanmi-financial-corporation-loss-form?wire=3&prid=5943

The lawsuit alleges: Hanmi Financial Corporation made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the $40.7 million troubled loan that the Company disclosed on conference calls would necessitate further and future specific provisions for the Company - in the millions; (2) the same $40.7 million troubled loan would necessitate the Company to appraise and take personal property securing a portion of the amount of the loan; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times.

To learn more about the Hanmi Financial Corporation 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

Topic:
Lawsuits
Back to newsroom
Back to Newsroom
Share by: