SHAREHOLDER ALERT: TLS ASTR AFRM: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

ACCESSWIRE 14-Mar-2022 8:33 AM

NEW YORK, NY / ACCESSWIRE / March 14, 2022 / 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.

Telos Corporation (NASDAQ:TLS)

If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/telos-corporation-loss-submission-form?prid=24634&wire=1
Lead Plaintiff Deadline: April 8, 2022
Class Period: November 19, 2020 - November 12, 2021

Allegations against TLS include that: (1) the Transportation Security Administration ("TSA") and Centers for Medicare and Medicaid Services ("CMS") contracts, which constituted a majority of the Company's future revenues, were not on track to commence as represented at the end of 2021 and in 2022; (2) Defendants lacked a reasonable basis and sufficient visibility to provide and affirm the Company's 2021 guidance in the face of the uncertainty surrounding the TSA and CMS contracts; (3) COVID-19- and hacking scandal-related headwinds were throwing off the timing for performance of the TSA and CMS contracts and their associated revenues; (4) as a result, the guidance provided by Defendants was not in fact "conservative"; (5) as a result of the delays, Telos would be forced to dramatically reduce its revenue estimates; and (6) as a result of the foregoing, Defendants' statements about Telos' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

Astra Space Inc. f/k/a Holicity Inc. (NASDAQ:ASTR)

If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/astra-space-inc-f-k-a-holicity-inc-loss-submission-form?prid=24634&wire=1
Lead Plaintiff Deadline: April 11, 2022
Class Period: February 2, 2021 - December 29, 2021

Allegations against ASTR include that: (1) Astra cannot launch "anywhere"; (2) Astra significantly overstated its addressable market; (3) Astra overstated the effectiveness of its designs and reliability; (4) Astra significantly overstated its plans for diversification and its broadband constellation plan; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Affirm Holdings, Inc. (NASDAQ:AFRM)

If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/affirm-holdings-inc-loss-submission-form?prid=24634&wire=1
Lead Plaintiff Deadline: April 29, 2022
This lawsuit is on behalf of all investors who purchased or otherwise acquired Affirm Holdings, Inc. securities on February 10, 2022 after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 p.m. EST.

According to the filed complaint, on February 10, 2022 at approximately 1:15 p.m., Affirm issued a Tweet from its official account in which the Company disclosed certain metrics from its second quarter 2022 financial results. The Tweet, which was published prior to the Company's planned release of its financial results, portrayed a highly successful quarter, which included an increase in revenue of 77%. This caused Affirm's share price to spike nearly 10% in intra-day trading. The Tweet was materially misleading, in that it omitted to disclose the full details of Affirm's second quarter financial results. Affirm deleted the Tweet and released its full second quarter financial results ahead of schedule. The full financial results were lackluster - with the Company posting a loss of $0.57 per share, compared with analyst expectations of $0.37 per share.

To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com 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: vw@wongesq.com

SOURCE: The Law Offices of Vincent Wong