NEW YORK, Nov. 13, 2018 (GLOBE NEWSWIRE) -- 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 and further details about the cases can be found at the links provided. There is no cost or obligation to you.
Apogee Enterprises, Inc. (NASDAQGS: APOG)
Class Period: June 28, 2018 - September 17, 2018
Lead Plaintiff Deadline: January 4, 2019
Join the action: https://www.zlk.com/pslra-1/apogee-enterprises-inc-loss-form?wire=3
The lawsuit alleges: Apogee Enterprises, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Apogee lacked the required labor force in place to ramp-up its production; (ii) Apogee was unable to hire, train and retain new employees; (iii) Apogee’s productivity and margins would be negatively impacted; and (iv) as a result of the foregoing, Defendants’ statements about the Company’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
To learn more about the Apogee Enterprises, Inc. class action contact jlevi@levikorsinsky.com.
Costco Wholesale Corporation (NASDAQGS: COST)
Class Period: June 6, 2018 - October 25, 2018
Lead Plaintiff Deadline: January 7, 2019
Join the action: https://www.zlk.com/pslra-1/costco-wholesale-corporation-loss-form?wire=3
The lawsuit alleges: Costco Wholesale Corporation made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (i) Costco lacked effective internal control over financial reporting; (ii) as a result of the foregoing, Defendants’ statements about Costco’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On October 4, 2018, Costco announces that “in its upcoming fiscal 2018 Annual Report on Form 10-K, it expects to report a material weakness in internal control. The weakness relates to general information technology controls in the areas of user access and program change-management over certain information technology systems that support the Company’s financial reporting processes. The access issues relate to the extent of privileges afforded users authorized to access company systems.” Following this news, shares of Costco fell from a close of $231.68 on October 4, 2018, to a close of $218.82 the following day.
To learn more about the Costco Wholesale Corporation class action contact jlevi@levikorsinsky.com.
Fitbit Inc. (NYSE: FIT)
Class Period: August 2, 2016 - January 30, 2017
Lead Plaintiff Deadline: December 31, 2018
Join the action: https://www.zlk.com/pslra-1/fitbit-inc-loss-form?wire=3
The lawsuit alleges: Fitbit Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the company was struggling to transition its mission and differentiate itself from Apple Inc. and other competitors; (2) as such, the Company was experiencing increased competition; (3) as a result, demand and sell-through for the Company’s existing and new products were being negatively impacted; (4) as a result, the Company’s sales and financial results were weakening, and growth was slowing; (5) the Company’s financial guidance was overstated; and (6) as a result of the foregoing, Defendants’ statements during the Class Period about Fitbit’s business, operations, financial results and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
To learn more about the Fitbit Inc. class action contact jlevi@levikorsinsky.com.
Sonus Networks, Inc. (as of October 30, 2017, now Ribbon Communications, Inc. and trading as NASDAQ: RBBN)
Class Period: January 8, 2015 - March 24, 2015
Lead Plaintiff Deadline: January 7, 2019
Join the action: https://www.zlk.com/pslra-1/sonus-networks-inc-loss-form?wire=3
The lawsuit alleges that, during the class period, Sonus Networks, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company would fall materially short of its $74 million revenue forecast; (2) defendants knew that unrealistic revenue and profitability forecasts remained aspirational and largely unreachable, a fact that senior sales personnel regularly communicated to Defendants; (3) a number of 2015 sales had been “pulled forward” to buoy sales numbers in Q4 2014, at management’s express direction, and (4) the “backlog” of sales expected to be recognized in early 2015 was significantly lower than usual.
To learn more about the Sonus Networks, Inc. class action contact jlevi@levikorsinsky.com.
You have until the lead plaintiff deadlines to request 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 national 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
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com