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CLASS ACTION UPDATE for WFC, U and CVNA: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

Tuesday, August 16, 2022 5:30 PM
Levi & Korsinsky, LLP
Topic:
Lawsuits

NEW YORK, NY / ACCESSWIRE / August 16, 2022 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

WFC Shareholders Click Here: https://www.zlk.com/pslra-1/wells-fargo-lawsuit-loss-submission-form?prid=30913&wire=1
U Shareholders Click Here: https://www.zlk.com/pslra-1/unity-software-loss-submission-form?prid=30913&wire=1
CVNA Shareholders Click Here: https://www.zlk.com/pslra-1/carvana-class-action-loss-submission-form?prid=30913&wire=1

* ADDITIONAL INFORMATION BELOW *

Levi & Korsinsky, LLP, Tuesday, August 16, 2022, Press release picture

Wells Fargo & Company (NYSE:WFC)

This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Wells Fargo common stock between February 24, 2021 and June 9, 2022.
Lead Plaintiff Deadline: August 29, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/wells-fargo-lawsuit-loss-submission-form?prid=30913&wire=1

According to the filed complaint, (i) Wells Fargo had misrepresented its commitment to diversity in the Company's workplace; (ii) Wells Fargo conducted fake job interviews in order to meet its Diverse Search Requirement; (iii) the foregoing conduct subjected Wells Fargo to an increased risk of regulatory and/or governmental scrutiny and enforcement action, including criminal charges; (iv) all of the foregoing, once revealed, was likely to negatively impact Wells Fargo's reputation; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.


Unity Software Inc. (NYSE:U)

U Lawsuit on behalf of: investors who purchased March 5, 2021 - May 10, 2022
Lead Plaintiff Deadline: September 6, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/unity-software-loss-submission-form?prid=30913&wire=1

According to the filed complaint, during the class period, Unity Software Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) deficiencies in Unity's product platform reduced the accuracy of the Company's machine learning technology; (ii) the foregoing was likely to have a material negative impact on the Company's revenues; (iii) accordingly, Unity had overstated the Company's commercial and/or financial prospects for 2022; (iv) as a result, the Company was likely to have to reduce its fiscal 2022 guidance; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.


Carvana Co. (NYSE:CVNA)

CVNA Lawsuit on behalf of: investors who purchased May 6, 2020 - June 24, 2022
Lead Plaintiff Deadline: October 3, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/carvana-class-action-loss-submission-form?prid=30913&wire=1

According to the filed complaint, during the class period, Carvana Co. made materially false and/or misleading statements and/or failed to disclose that: (1) Carvana faced serious, ongoing issues with documentation, registration, and title with many of its vehicles; (2) as a result, Carvana was issuing unusually frequent temporary plates; (3) as a result of the foregoing, Carvana was violating laws and regulations in many existing markets; (4) as a result of the foregoing, Carvana risked its ability to continue business and/or expand its business in existing markets; (5) as a result of the foregoing, Carvana was at an increased risk of governmental investigation and action; (6) Carvana was in discussion with state and local authorities regarding the above-stated business tactics and issues; (7) Carvana was facing imminent and ongoing regulatory actions including license suspensions, business cessation, and probation in several states and counties including in Arizona, Illinois, Pennsylvania, Michigan, and North Carolina; and (8) as a result, Defendants' statements about Carvana's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

Topic:
Lawsuits
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