NEW YORK, NY / ACCESSWIRE / April 11, 2022 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
SunPower Corporation (NASDAQ:SPWR)
CONTACT JAKUBOWITZ ABOUT SPWR:
https://claimyourloss.com/securities/sunpower-corporation-loss-submission-form/?id=25823&from=1
Class Period: August 3, 2021 - January 20, 2022
Lead Plaintiff Deadline: April 18, 2022
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) certain connectors used by SunPower suffered from cracking issues; (2) as a result, the Company was reasonably likely to incur costs to remediate the faulty connectors; (3) as a result of the foregoing, SunPower's financial results would be adversely impacted; 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.
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)
CONTACT JAKUBOWITZ ABOUT ERIC:
https://claimyourloss.com/securities/telefonaktiebolaget-lm-ericsson-loss-submission-form/?id=25823&from=1
Class Period: April 27, 2017 - February 25, 2022
Lead Plaintiff Deadline: May 2, 2022
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Ericsson overstated the extent to which it had reformed its business practices to eliminate the use of bribes to secure business in foreign countries; (ii) Ericsson had paid bribes to the terrorist group the Islamic State in Iraq and Syria to gain access to certain transport routes in Iraq; (iii) accordingly, the Company's revenues derived from its operations in Iraq were, in at least substantial part, derived from unlawful conduct and thus unsustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Vertiv Holdings Co (NYSE:VRT)
CONTACT JAKUBOWITZ ABOUT VRT:
https://claimyourloss.com/securities/vertiv-holdings-co-loss-submission-form/?id=25823&from=1
Class Period: April 28, 2021 - February 23, 2022
Lead Plaintiff Deadline: May 23, 2022
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company could not adequately respond to supply chain issues and inflation by increasing its prices; (2) as a result of the increasing costs, Vertiv's earnings would be adversely impacted; and (3) 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.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
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New York, New York 10036
T: (212) 867-4490
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SOURCE: Jakubowitz Law