SHAREHOLDER ALERT: KL BAYRY UCO: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
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SHAREHOLDER ALERT: KL BAYRY UCO: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

Friday, August 7, 2020 3:25 PM
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NEW YORK, NY / ACCESSWIRE / August 7, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Kirkland Lake Gold Ltd. (NYSE:KL)

If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/kirkland-lake-gold-ltd-loss-submission-form?prid=8440&wire=1
Lead Plaintiff Deadline: August 28, 2020
Class Period: January 8, 2018 - November 25, 2019

Allegations against KL include that: (i) Kirkland lacked adequate internal controls over financial reporting, especially as it relates to its projections of risks, reserve grade, and all-in sustaining costs; (ii) as a result of the known, but undisclosed, impending acquisition of Detour, the Company's projections relating to its risks, reserve grade, and all-in sustaining costs were false and misleading; (iii) the Company's financial statements and projections were not fairly presented in conformity with International Financial Reporting Standards; (iv) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company's business, operations, and prospects and/or lacked a reasonable basis and omitted material facts.

Bayer Aktiengesellschaft (OTCPINK:BAYRY)

If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/bayer-aktiengesellschaft-loss-submission-form?prid=8440&wire=1
Lead Plaintiff Deadline: September 14, 2020
Lawsuit on behalf of all persons or entities that purchased or otherwise acquired Bayer American Depositary Receipts between May 23, 2016 and March 19, 2019.

Allegations against BAYRY include that: 1) following its acquisition of Monsanto Company, Bayer could be at risk of suffering billions of dollars in judgments and reputational damage if the lawsuits brought against Monsanto alleging that exposure to its glyphosate-based Roundup product caused cancer were successful, 2) a result, Defendants' positive statements about the prospects of the Monsanto acquisition and the benefits it would create for Bayer's business were materially false and/or misleading and/or lacked a reasonable basis.

Proshares Ultra Bloomberg Crude Oil (NYSE:UCO)

If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/proshares-ultra-bloomberg-crude-oil-loss-submission-form?prid=8440&wire=1
Lead Plaintiff Deadline: September 28, 2020
Class Period: March 6, 2020 - April 27, 2020

Allegations against UCO include that: (1) decreased demand for oil due to the coronavirus pandemic and increased oil supply and diminished oil prices caused by the Russia/Saudi oil price war had caused extraordinary market volatility; (2) a massive influx of investor capital into the Fund, totaling hundreds of millions of dollars, in a matter of days had increased Fund inefficiencies, heightened illiquidity in the West Texas Intermediate ("WTI") futures contract markets in which the Fund invested, and caused the Fund to approach positional and regulatory limits (adverse trends exacerbated by the Offering itself); (3) there was a sharp divergence between spot and future prices in the WTI oil markets, leading to a super contango market dynamic as oil storage space in Cushing, Oklahoma dwindled and was insufficient to account for the excess supply expected to be delivered pursuant to the WTI May 2020 futures contract. As a result, UCO could not continue to pursue the passive investment strategy represented in the Registration Statement, causing its results to significantly deviate from its purported benchmark.

To learn more, contact Vincent Wong, Esq. either via email [email protected] or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: [email protected]

SOURCE: The Law Offices of Vincent Wong

The Law Offices of Vincent Wong
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