NEW YORK, NY / ACCESSWIRE / April 21, 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.
Ontrak, Inc. (NASDAQ:OTRK)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/ontrak-inc-loss-submission-form?prid=14976&wire=1
Lead Plaintiff Deadline: May 3, 2021
Class Period: November 5, 2020 - February 26, 2021
Allegations against OTRK include that: (1) Ontrak's largest customer evaluated the Company on a provider basis, valuing Ontrak's performance based on achieving the lowest cost per medical visit rather than clinical outcomes or medical cost savings; (2) as a result, Ontrak's largest customer did not find the Company's program to be effective and was reasonably likely to terminate its contract with Ontrak; (3) because this customer accounted for a significant portion of the Company's revenue, the loss of the customer would have an outsized impact on Ontrak's financial results; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Lordstown Motors Corp (NASDAQ:RIDE)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/lordstown-motors-corp-loss-submission-form?prid=14976&wire=1
Lead Plaintiff Deadline: May 17, 2021
Class Period: August 3, 2020 - March 24, 2021
Allegations against RIDE include that: (i) the Company's purported pre-orders were non-binding; (ii) many of the would-be customers who made these purported pre-orders lacked the means to make such purchases and/or would not have credible demand for Lordstown's Endurance; (iii) Lordstown is not and has not been "on track" to commence production of the Endurance in September 2021; (iv) the first test run of the Endurance led to the vehicle bursting into flames within 10 minutes; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
Canoo Inc. (NASDAQ:GOEV)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/canoo-inc-loss-submission-form?prid=14976&wire=1
Lead Plaintiff Deadline: June 1, 2021
Class Period: August 18, 2020 - March 29, 2021
Allegations against GOEV include that: (i) the Company's engineering services was not a viable business, would not provide meaningful revenue in 2021, and would not reduce operational risk; (ii) the Company would no longer be focused on its subscription-based business model; and (iii) 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