NEW YORK, March 07, 2019 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of 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.
Micron Technology Inc. (NASDAQGS: MU)
Class Period: September 26, 2017 to November 19, 2018
Lead Plaintiff Deadline: March 25, 2019
The lawsuit alleges that Micron Technology Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company engaged in anti-competitive behavior, including artificially restricting supply growth of DRAM; (2) these anti-competitive efforts were reasonably likely to lead to regulatory scrutiny; (3) the Company’s anti-competitive efforts artificially boosted its operating metrics; (4) as a result, the Company’s financial performance, including revenue, was overstated; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Get additional information about the MU lawsuit: http://www.kleinstocklaw.com/pslra-1/micron-technology-inc-loss-submission-form?wire=3
ProShares Short VIX Short-Term Futures (NYSEArca: SVXY)
Class Period: Investors in ProShares Short VIX Short-Term Futures ETF pursuant to the May 15, 2017 Registration Statement and/or between May 15, 2017 and February 5, 2018
Lead Plaintiff Deadline: April 1, 2019
According to the complaint in the Registration Statement and during the Class Period, defendants made false and misleading statements and/or failed to disclose adverse information regarding the risks of investing in the Fund. Specifically, the Registration Statement failed to disclose that the Fund was threatened with catastrophic losses as a result of the Fund’s flawed design and the low-volatility environment and acute liquidity risks that existed during the Class Period. In addition, during the Class Period defendants made similar false and misleading statements in numerous financial reports and draft prospectuses and registration statements filed with the SEC.
Get additional information about the SVXY lawsuit: http://www.kleinstocklaw.com/pslra-1/proshares-short-vix-short-term-futures-loss-submission-form?wire=3
The Kraft Heinz Company (NASDAQ: KHC)
Class Period: May 4, 2017 to February 21, 2019
Lead Plaintiff Deadline: April 25, 2019
The complaint alleges that throughout the class period The Kraft Heinz Company made materially false and/or misleading statements and/or failed to disclose that: (a) Kraft Heinz had been materially overstating the value of certain of its important product lines; (b) Kraft Heinz’s intangible assets, including goodwill, associated with, at least, its Kraft natural cheese, Oscar Mayer cold cuts, U.S. Refrigerated and Canadian retail businesses were materially impaired; (c) Kraft Heinz had been employing improper accounting policies, procedures, and associated with its procurement function, including, but not limited to, agreements, side agreements, and changes or modifications to its agreements with its vendors; (d) Kraft Heinz had been improperly accounting for the costs of products sold; (e) Kraft Heinz had been operating with material weaknesses in its internal controls over financial reporting, including those controls related to the accounting and disclosure of new accounting standards, its cost of products sold, its procurement function, the impairment of goodwill and the impairment of intangible assets; (f) Kraft Heinz’s operating results were materially misstated and Defendants’ disclosures related thereto were materially false and misleading; (g) Kraft Heinz’s financial statements contained material errors, were presented in violation of GAAP and were materially false and misleading; (h) the risk factor disclosures in filings Kraft Heinz made with the SEC were materially false and misleading; (i) the MD&A disclosures in filings Kraft Heinz made with the SEC were materially false and misleading; (j) the representations about Kraft Heinz’s disclosure controls and internal control over financial reporting in filings the Company made with the SEC were materially false and misleading; (k) the certifications issued by Defendants Hees, Basilio and Knopf on Kraft Heinz’s disclosure controls and internal controls over financial reporting were materially false and misleading; and (l) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about Kraft Heinz’s then-current business operations and future financial prospects.
Get additional information about the KHC lawsuit: http://www.kleinstocklaw.com/pslra-1/the-kraft-heinz-company-loss-submission-form?wire=3
Amarin Corporation (NASDAQGM: AMRN)
Class Period: September 24, 2018 to November 9, 2018
Lead Plaintiff Deadline: April 23, 2019
The lawsuit alleges that throughout the class period, Amarin Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) the top-line results Amarin touted about its REDUCE-IT trial for Vascepa were not as positive as the company represented; (2) the placebo given to patients in the control arm of REDUCE-IT may have increased the incidence of cardiovascular events in those patients; (3) as a result, Amarin's public statements were materially false and misleading at all relevant times.
Get additional information about the AMRN lawsuit: http://www.kleinstocklaw.com/pslra-1/amarin-corporation-loss-submission-form?wire=3
Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. There is no cost or obligation to you. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.