BALA CYNWYD, PA / ACCESSWIRE / July 7, 2021 / Brodsky & Smith reminds investors of important approaching deadlines regarding class action lawsuits against the following companies for violations of federal securities laws. If you purchased any of the below-listed stocks during the referenced time periods and want to discuss your legal rights, please contact Marc Ackerman, Esquire or Jason Brodsky, Esquire at 877-534-2590. There is no cost or financial obligation to you.
CONTEXTLOGIC, INC. (Nasdaq:WISH)
Shares purchased between December 16, 2020 and May 12, 2021, or pursuant or traceable to ContextLogic's December 16, 2020 initial public stock offering ("IPO")
Deadline: July 16, 2021
According to the filed complaint, the defendants failed to disclose and misrepresented the following adverse facts that existed at the time of the IPO: (1) ContextLogic's fourth quarter 2020 monthly active users ("MAUs") had declined materially and were not then growing; and (2) as a result of the foregoing, the defendants materially overstated ContextLogic's business metrics and financial prospects.
Additional information can be found at https://www.brodskysmith.com/cases/contextlogic-inc-nasdaq-wish/, or call 877-534-2590. No cost or obligation to you.
DANIMER SCIENTIFIC, INC., f/k/a Live Oak Acquisition Corp. (NYSE:DNMR)
Shares purchased between October 5, 2020 and May 4, 2021
Deadline: July 13, 2021
According to the filed complaint, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) the defendants overstated and/or misstated the biodegradability and environmentally-friendly nature of its Nodax product; (2) the defendants misrepresented the size of Danimer's facilities, production capacity and actual production amounts, and costs; (3) the defendants misrepresented Danimer's growth, financial results, and financial projections; (4) Danimer had deficient internal controls; and (5) as a result, Danimer's public statements were materially false and misleading at all relevant times.
Additional information can be found at https://www.brodskysmith.com/cases/danimer-scientific-inc-f-k-live-oak-acquisition-corp-nyse-dnmr/, or call 877-534-2590. No cost or obligation to you.
ARRAY TECHNOLOGIES, INC. (Nasdaq:ARRY)
Shares purchased between October 14, 2020 and May 11, 2021 or shares pursuant and/or traceable to the October 2020 initial public offering (the "IPO"), or to the Company's December 2020 offering (the "December 2020 SPO"), or March 2021 offering (the "March 2021 SPO, and together with the IPO and December 2020 SPO, the "Offerings")
Deadline: July 13, 2021
The filed complaint alleges that throughout the Class Period and in the Offerings, the defendants made false and/or misleading statements and/or failed to disclose: (1) the ongoing impact of various rising costs, including costs related to certain supplies such as steel, as well as Array's freight costs; and (2) as result of the foregoing, Array's positive statements about its business and operations lacked a reasonable basis.
Additional information can be found at https://www.brodskysmith.com/cases/array-technologies-inc-nasdaq-arry/, or call 877-534-2590. No cost or obligation to you.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC