NEW YORK, NY / ACCESSWIRE / April 9, 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. Further details about the cases can be found at the links provided. There is no cost or obligation to you.
SIX Shareholders Click Here: https://www.zlk.com/pslra-1/six-flags-entertainment-corporation-loss-form?prid=5973&wire=1
ALGN Shareholders Click Here: https://www.zlk.com/pslra-1/align-technology-inc-loss-form-2?prid=5973&wire=1
ZM Shareholders Click Here: https://www.zlk.com/pslra-1/zoom-video-communications-inc-loss-form?prid=5973&wire=1
* ADDITIONAL INFORMATION BELOW *
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
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/six-flags-entertainment-corporation-loss-form?prid=5973&wire=1
According to the filed complaint, during the class period, 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.
Align Technology, Inc. (NASDAQ:ALGN)
ALGN Lawsuit on behalf of: investors who purchased April 24, 2019 - July 24, 2019
Lead Plaintiff Deadline: May 1, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/align-technology-inc-loss-form-2?prid=5973&wire=1
According to the filed complaint, during the class period, Align Technology, Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) Align was then experiencing a significant decline in demand for its products in the important Chinese market; (b) Chinese consumer sentiment towards the Company was deteriorating; and (c) as a result of the foregoing, Defendants' positive statements about Align and its businesses were lacking in a reasonable basis.
Zoom Video Communications, Inc. (NASDAQ:ZM)
ZM Lawsuit on behalf of: investors who purchased April 18, 2019 - April 6, 2020
Lead Plaintiff Deadline: June 8, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/zoom-video-communications-inc-loss-form?prid=5973&wire=1
According to the filed complaint, during the class period, Zoom Video Communications, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Zoom had inadequate data privacy and security measures; (ii) contrary to Zoom's assertions, the Company's video communications service was not end-to-end encrypted; (iii) as a result of all the foregoing, users of Zoom's communications services were at an increased risk of having their personal information accessed by unauthorized parties, including Facebook; (iv) usage of the Company's video communications services was foreseeably likely to decline when the foregoing facts came to light; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
You have until the lead plaintiff deadlines to request that 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