NEW YORK, NY / ACCESSWIRE / August 28, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
The GEO Group, Inc. (NYSE:GEO)
CONTACT JAKUBOWITZ ABOUT GEO:
https://claimyourloss.com/securities/the-geo-group-inc-loss-submission-form/?id=8893&from=1
Class Period : February 27, 2020 - June 16, 2020
Lead Plaintiff Deadline : September 8, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) GEO Group maintained woefully ineffective COVID-19 response procedures; (ii) those inadequate procedures subjected residents of the Company’s halfway houses to significant health risks; (iii) accordingly, the Company was vulnerable to significant financial and/or reputational harm; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Guidewire Software, Inc. (NYSE:GWRE)
CONTACT JAKUBOWITZ ABOUT GWRE:
https://claimyourloss.com/securities/guidewire-software-inc-loss-submission-form/?id=8893&from=1
Class Period : March 6, 2019 - March 4, 2020
Lead Plaintiff Deadline : September 23, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) that the Company’s transition to the cloud was not going well; (2) that Guidewire’s cloud-based products needed to be improved to meet customer needs and catch up with rival systems; (3) that the Company’s failed transition to the cloud was also hurting Guidewire’s traditional on-premise business; and (4) as a result, Guidewire’s revenue guidance, including guidance principally based on significantly increasing demand for the Company’s cloud-based products, was baseless and unattainable.
Velocity Financial, Inc. (NYSE:VEL)
CONTACT JAKUBOWITZ ABOUT VEL:
https://claimyourloss.com/securities/velocity-financial-inc-loss-submission-form/?id=8893&from=1
This lawsuit is on behalf of investors who purchased VEL stocks pursuant and/or traceable to the Registration Statement and Prospectus, as amended, issued in connection with Velocity’s January 2020 initial public offering.
Lead Plaintiff Deadline : September 28, 2020
According to the filed complaint, defendants failed to disclose that, at the time of Velocity's initial public offering (the "IPO"), the Company’s non-performing loans had dramatically increased in size from the figures provided in the Registration Statement and Prospectus that Velocity had issued in connection with the IPO. Further, defendants failed to provide any information to investors regarding the potential impact of the novel coronavirus on Velocity’s business and operations, despite the fact that the international spread of the virus had already been confirmed at the time of the IPO. The failure to disclose the substantial and growing proportion of the Company’s loans that were non-performing and/or on non-accrual status as of the IPO rendered the statements contained in the Registration Statement and Prospectus regarding the quality of the Company’s loan portfolio and underwriting practices materially misleading.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
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JAKUBOWITZ LAW
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T: (212) 867-4490
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SOURCE: Jakubowitz Law