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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SKX, QRTEA, ALNY and OZK
Globe Newswire 1-Nov-2018 3:53 PM
NEW YORK, Nov. 01, 2018 (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.
Skechers U.S.A., Inc. (NYSE:SKX) Class Period: October 20, 2017 to July 19, 2018 Lead Plaintiff Deadline: November 5, 2018
The lawsuit alleges that Skechers U.S.A., Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Skechers lacked the operational infrastructure to handle demand and sustain true sales growth in its international markets; (2) Skechers was relying on expensive, third-party operational solutions to drive its international sales growth; (3) Skechers' expenses would outgrow sales for the foreseeable future; (4) Skechers' international sales growth was not sustainable without such outgrown expenses; and (5) as a result of the foregoing, Defendants' statements about Skechers' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
Qurate Retail Group, Inc. (NASDAQ:QRTEA) Class Period: August 5, 2015 to September 7, 2016 Lead Plaintiff Deadline: November 5, 2018
The complaint alleges that throughout the class period Qurate Retail Group, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Qurate was aggressively loosening the credit standards of its Easy-Pay program to attract a large group of new customers; (2) Qurate's strong sales growth was due to this loose credit policy; (3) accounts receivable associated with this new group of customers posed a high risk of write-off; and (4) consequently, Qurate's positive statements about its business, operations, and prospects lacked a reasonable basis.
Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) Class Period: February 15, 2018 to September 12, 2018 Lead Plaintiff Deadline: November 26, 2018
According to the complaint, Alnylam Pharmaceuticals, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Alnylam overstated the efficacy and safety of its Onpattro (patisiran) lipid complex injection; and (2) as a result, Alnylam's public statements were materially false and misleading at all relevant times.
Bank OZK (NASDAQ:OZK) Class Period: February 19, 2016 to October 18, 2018 Lead Plaintiff Deadline: December 26, 2018
The complaint alleges Bank OZK made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked adequate internal controls to assess credit risk; (2) as a result, certain of the Company's loans posed an increased risk of loss; (3) certain substandard loans were reasonably likely to lead to charge-offs; and (4) 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. On October 18, 2018, the Company reported that it had "incurred combined charge-offs of $45.5 million on two Real Estate Specialties Group credits" that had previously been classified as substandard. On this news, the Company's share price fell $9.33 per share to close at $25.52 per share on October 19, 2018.
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.
CONTACT: J. Klein, Esq. Empire State Building 350 Fifth Avenue 59th Floor New York, NY 10118 jk@kleinstocklaw.com Telephone: (212) 616-4899 Fax: (347) 558-9665 www.kleinstocklaw.com
