CLASS ACTION UPDATE for CAN, TLRY and ZM: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
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CLASS ACTION UPDATE for CAN, TLRY and ZM: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

Sunday, May 3, 2020 6:20 PM
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Lawsuits

NEW YORK, NY / ACCESSWIRE / May 3, 2020 / 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.

CAN Shareholders Click Here: https://www.zlk.com/pslra-1/canaan-inc-loss-form?prid=6323&wire=1
TLRY Shareholders Click Here: https://www.zlk.com/pslra-1/tilray-inc-loss-form?prid=6323&wire=1
ZM Shareholders Click Here: https://www.zlk.com/pslra-1/zoom-video-communications-inc-loss-form?prid=6323&wire=1

* ADDITIONAL INFORMATION BELOW *

Canaan Inc. (NASDAQ:CAN)

CAN Lawsuit on behalf of: investors who purchased publicly traded securities of Canaan, including its American Depository Shares pursuant and/or traceable to the Company's registration statement and related prospectus issued in connection with the Company's November 20, 2019 initial public offering.
Lead Plaintiff Deadline : May 4, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/canaan-inc-loss-form?prid=6323&wire=1

According to the filed complaint, (1) the purported "strategic cooperation" was actually a transaction with a related party; (2) the company's financial health was worse than what was actually reported; (3) the company had recently removed numerous distributors from its website just prior to the initial public offering, many of which were small or suspicious businesses; and (4) several of the Company's largest Chinese clients in prior years were clients who were not in the Bitcoin mining industry and, thus, would likely not be repeat customers.

Tilray, Inc. (NASDAQ:TLRY)

TLRY Lawsuit on behalf of: investors who purchased January 15, 2019 - March 2, 2020
Lead Plaintiff Deadline : May 5, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/tilray-inc-loss-form?prid=6323&wire=1

According to the filed complaint, during the class period, Tilray, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the purported advantages of the marketing and revenue sharing agreement with Authentic Brands Group (the "ABG Agreement")were significantly overstated; (ii) the under performance of the ABG Agreement would foreseeably have a significant impact on the Company's financial results; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Zoom Video Communications, Inc. (NASDAQ:ZM)

ZM Lawsuit on behalf of: investors who purchased April 18, 2019 - April 6, 2020
Lead Plaintiff Deadline : June 8, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/zoom-video-communications-inc-loss-form?prid=6323&wire=1

According to the filed complaint, during the class period, Zoom Video Communications, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Zoom had inadequate data privacy and security measures; (ii) contrary to Zoom's assertions, the Company's video communications service was not end-to-end encrypted; (iii) as a result of all the foregoing, users of Zoom's communications services were at an increased risk of having their personal information accessed by unauthorized parties, including Facebook; (iv) usage of the Company's video communications services was foreseeably likely to decline when the foregoing facts came to light; and (v) as a result, the Company's public statements were materially false and misleading 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.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
https://www.zlk.com/

SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP
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