NEW YORK, NY / ACCESSWIRE / September 27, 2021 / Jakubowitz Legislation proclaims that securities fraud class motion lawsuits have commenced on behalf of shareholders of the next publicly-traded corporations who bought shares inside the class intervals listed under. Shareholders concerned about representing the category of wronged shareholders have till the lead plaintiff deadline to petition the court docket. Your potential to share in any restoration doesn’t require that you simply function a lead plaintiff. For extra particulars and to talk with our agency with out price or obligation, comply with the hyperlinks under.
Ardelyx, Inc. (NASDAQ:ARDX)
CONTACT JAKUBOWITZ ABOUT ARDX:
Class Interval : August 6, 2020 – July 19, 2021
Lead Plaintiff Deadline : September 28, 2021
The filed grievance alleges that defendants made materially false and/or deceptive statements and/or did not disclose that: 1) the Firm overstated the chance that tenapanor can be permitted by the Meals and Drug Administration (“FDA”); and a couple of) Defendants possessed, had been in management over, and consequently, knew that the info submitted to assist the New Drug Software was inadequate in that it confirmed an absence of scientific relevance of the drug’s therapy impact, making it foreseeably possible that the FDA wouldn’t approve the drug.
HyreCar Inc. (NASDAQ:HYRE)
CONTACT JAKUBOWITZ ABOUT HYRE:
Class Interval : Could 14, 2021 – August 10, 2021
Lead Plaintiff Deadline : October 26, 2021
The filed grievance alleges that defendants made materially false and/or deceptive statements and/or did not disclose that: (a) HyreCar had materially understated its insurance coverage reserves; (b) HyreCar had systematically did not pay legitimate insurance coverage claims incurred previous to the Class Interval; (c) HyreCar had incurred important bills transitioning to its new third-party insurance coverage claims administrator and processing claims incurred from prior intervals; (d) HyreCar had did not appropriately value danger in its insurance coverage merchandise and was experiencing elevated claims incidence consequently; (e) HyreCar had been pressured to dramatically reform its claims underwriting, insurance policies and procedures in response to unacceptably excessive claims severity and buyer complaints; and (f) consequently, HyreCar’s operations and prospects had been misrepresented as a result of the Firm was not on observe to satisfy the monetary estimates offered to buyers through the Class Interval, and such estimates lacked an affordable foundation in reality, together with HyreCar’s purported gross margin, EBITDA (earnings earlier than curiosity, taxes, depreciation, and amortization), and web loss trajectories.
Waterdrop Inc. (NYSE:WDH)
CONTACT JAKUBOWITZ ABOUT WDH:
This lawsuit is on behalf of all individuals or entities who bought Waterdrop American Depositary Shares in or traceable to the Firm’s Could 2021 preliminary public providing.
Lead Plaintiff Deadline : November 15, 2021
The filed grievance alleges that defendants made materially false and/or deceptive statements and/or did not disclose that: (a) Waterdrop had achieved a considerable portion of its historic income progress by way of illicit implies that ran afoul of Chinese language guidelines and laws governing the insurance coverage trade; (b) Waterdrop had been ordered by the Chinese language authorities to close down its mutual assist platform due to its failure to adjust to Chinese language legislation; (c) Waterdrop was below investigation by regulatory authorities for continued violations of Chinese language legislation; (d) because of (a)-(c) above, there existed a fabric undisclosed danger and substantial chance that Waterdrop would face extreme adversarial actions by regulatory authorities following the IPO; (e) Waterdrop’s working losses had elevated greater than four-fold within the first quarter of 2021 because of the cessation of its mutual assist enterprise and quickly rising buyer acquisition prices; and (f) because of (a)-(e) above, the Registration Assertion’s representations concerning Waterdrop’s historic monetary and operational metrics and purported market alternatives didn’t precisely mirror the precise enterprise, operations, and monetary outcomes and trajectory of the Firm within the lead as much as the IPO, had been materially false and deceptive, and lacked a factual foundation.
Jakubowitz Legislation is vigorous in pursuit of justice for shareholders who’ve been the sufferer of securities fraud. Legal professional promoting. Prior outcomes don’t assure related outcomes.
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SOURCE: Jakubowitz Legislation
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