NEW YORK, NY / ACCESSWIRE / January 15, 2021 / 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.
Joyy Inc. (NASDAQ:YY)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/joyy-inc-loss-submission-form?prid=12191&wire=1
Lead Plaintiff Deadline: January 19, 2021
Class Period: April 28, 2016 - November 18, 2020
Allegations against YY include that: (1) JOYY dramatically overstated its revenues from live streaming sources; (2) The majority of users at any given time were bots; (2) the Company utilized these bots to effect a roundtripping scheme that Manufactured the false appearance of revenues; (3) the Company overstated its cash reserves; (4) the Company's acquisition of Bigo was largely contrived to benefit corporate insiders; and (5) as a result, Defendants' public statements were materially false and/or Misleading at all relevant times.
Splunk Inc. (NASDAQ:SPLK)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/splunk-inc-loss-submission-form?prid=12191&wire=1
Lead Plaintiff Deadline: February 2, 2021
Class Period: October 21, 2020 - December 2, 2020
Allegations against SPLK include that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.
SolarWinds Corporation (NYSE:SWI)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/solarwinds-corporation-loss-submission-form?prid=12191&wire=1
Lead Plaintiff Deadline: March 5, 2021
Class Period: March 1, 2020 - December 14, 2020
Allegations against SWI include that: (1) since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to compromise the server upon which the products ran; (2) SolarWinds' update server had an easily accessible password of ‘solarwinds123'; (3) consequently, SolarWinds' customers, including, among others, the Federal Government, Microsoft, Cisco, and Nvidia, would be vulnerable to hacks; (4) as a result, the Company would suffer significant reputational harm; and (5) as a result, Defendants' statements about SolarWinds's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
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.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
E-Mail: [email protected]
SOURCE: The Law Offices of Vincent Wong