NEW YORK, NY / ACCESSWIRE / September 4, 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.
J2 Global, Inc. (NASDAQ:JCOM)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/j2-global-inc-loss-submission-form?prid=9084&wire=1
Lead Plaintiff Deadline: September 8, 2020
Class Period: October 5, 2015 - June 29, 2020
Allegations against JCOM include that: (1) J2 Global engaged in undisclosed related party transactions; (2) J2 Global used misleading accounting to hide requisite impairments and underperformance in acquisitions; (3) several so-called independent members of the Company' board of directors and audit committee were not disinterested; and (4) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Energy Recovery, Inc. (NASDAQ:ERII)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/energy-recovery-inc-loss-submission-form?prid=9084&wire=1
Lead Plaintiff Deadline: September 21, 2020
Class Period: August 2, 2017 - June 29, 2020
Allegations against ERII include that: (i) the Company had different strategic perspectives regarding commercialization of the Company's VorTeq technology than Schlumberger Technology Corp., which had exclusive rights to the use of VorTeq (ii) these differences created substantial risk of early termination of the Company's exclusive licensing agreement with Schlumberger; (iii) accordingly, the revenue guidance and expectations of future license revenue was false and lacked reasonable basis; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.
Progenity, Inc. (NASDAQ:PROG)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/progenity-inc-loss-submission-form?prid=9084&wire=1
Lead Plaintiff Deadline: October 27, 2020
This lawsuit is on behalf of all purchasers of Progenity common stock pursuant and/or traceable to the registration statement, as amended, issued in connection with Progenity's June 2020 initial public offering.
Allegations against PROG include that: (i) that Progenity had overbilled government payors by $10.3 million in 2019 and early 2020 and, thus, had materially overstated its revenues, earnings and cash flows from operations for the historical financial periods provided in the registration statement; (ii) that Progenity would need to refund this overpayment in the second quarter of 2020 (the same quarter in which the initial public offering was conducted), adversely impacting its quarterly results; and (iii) that Progenity was suffering from accelerating negative trends in the second quarter of 2020 with respect to the Company's testing volumes, revenues and product pricing.
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