NEW YORK, NY / ACCESSWIRE / June 13, 2023 / 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.
First Republic Bank (OTCMKT:FRCB)
If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/first-republic-class-action-submission-form?prid=40792&wire=1
Lead Plaintiff Deadline: June 23, 2023
Class Period: January 14, 2021 - March 14, 2023
According to the complaint, Defendants misrepresented the strength of the Company's balance sheet and liquidity position, while also understating the significant pressure rising interest rates posed to First Republic's business model. Defendants also misrepresented the strength of the Company's ability to deliver consistent results across different interest rate environments, the diversity of the Company's deposit funding base, and the Company's ability to generate net interest income ("NII") growth and maintain stable net interest margin ("NIM").
Luminar Technologies, Inc. (NASDAQ:LAZR)
If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/luminar-class-action-submission-form?prid=40792&wire=1
Lead Plaintiff Deadline: July 25, 2023
Class Period: February 28, 2023 - March 17, 2023
Allegations against LAZR include that: (i) Luminar had misappropriated an image of a competitor's photonic integrated circuit ("PIC") to market the Company's own products and capabilities; (ii) the foregoing conduct subjected the Company to a heightened risk of, inter alia, litigation and/or regulatory enforcement action; (iii) all the foregoing, once revealed, was likely to negatively impact Luminar's business and reputation; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Peloton Interactive, Inc. (NASDAQ:PTON)
If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/peloton-class-action-submission-form?prid=40792&wire=1
Lead Plaintiff Deadline: August 8, 2023
Class Period: May 10, 2022 - May 10, 2023
Allegations against PTON include that: (i) the seat posts for certain of the Company's Peloton Bikes were prone to break or otherwise detach during use, rendering them unsafe for users; (ii) as a result, the Company was likely to recall millions of Peloton Bikes; (iii) accordingly, Peloton overstated its efforts to enhance the safety of its products, understated its estimated future returns, and downplayed the Company's need to book additional reserves for future product recall expenses; (iv) all the foregoing, once revealed, was likely to negatively impact the Company's business and financial results and reputation; and (v) 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