NEW YORK, NY / ACCESSWIRE / March 1, 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.
SolarWinds Corporation (NYSE:SWI)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/solarwinds-corporation-loss-submission-form?prid=13193&wire=1
Lead Plaintiff Deadline: March 5, 2021
Class Period: October 18, 2018 - December 17, 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.
Clover Health Investments, Corp. (NASDAQ:CLOV)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/clover-health-investments-corp-loss-submission-form?prid=13193&wire=1
Lead Plaintiff Deadline: April 6, 2021
Class Period: October 6, 2020 - February 3, 2021
Allegations against CLOV include that: (i) Clover was the recipient of a Civil Investigative Demand from the DOJ; (ii) much of Clover's sales are driven by a major related party deal that Clover not only failed to disclose but took active steps to conceal; (iii) Clover's
subsidiary Seek Insurance failed to disclose its relationship with Clover and misled consumers as to its purported independence; (iv) Clover's software was in fact rudimentary; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
Ehang Holdings Limited (NASDAQ:EH)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/ehang-holdings-limited-loss-submission-form?prid=13193&wire=1
Lead Plaintiff Deadline: April 19, 2021
Class Period: December 12, 2019 - February 16, 2021
Allegations against EH include that: (i) the Company's purported regulatory approvals in Europe and North American for its EH216 were for use as a drone, and not for carrying passengers; (ii) its relationship with its purported primary customer is a sham; (iii) EHang
has only collected on a fraction of its reported sales since its ADS began trading on NASDAQ in December 2019; (iv) the Company's manufacturing facilities were practically empty and lacked evidence of advanced manufacturing equipment or employees; and (v) as a result, the Company's public statements were materially false and misleading 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.
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