The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of IGCC, FIT, EIX, TX and CMCM

Globe Newswire 6-Dec-2018 12:30 PM

NEW YORK, Dec. 06, 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.      

India Globalization Capital Inc. (OCTMKTS: IGCC)
Class Period: October 25, 2017 to October 29, 2018
Lead Plaintiff Deadline: January 2, 2019

India Globalization Capital Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) India Globalization's business model was in a state of change in order to lure potential blockchain and cannabis investors; (2) India Globalization had overstated the benefits of its relationships with manufacturers, partners, and distributors in order to inflate the Company's potential commercial success in the blockchain and cannabis markets; (3) as a result, the NYSE delisted India Globalization's shares from their exchange; and (4) consequently, Defendants' statements about India Globalization's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On October 29, 2018 India Globalization announced that NYSE Regulation would begin the process of delisting the Company and trading would halt immediately.

Get additional information about the IGCC lawsuit: http://www.kleinstocklaw.com/pslra-1/india-globalization-capital-inc-loss-submission-form?wire=3

Fitbit Inc. (NYSE:FIT)
Class Period: August 2, 2016 to January 30, 2017
Lead Plaintiff Deadline: December 31, 2018

The lawsuit alleges that 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.

Get additional information about the FIT lawsuit: http://www.kleinstocklaw.com/pslra-1/fitbit-inc-loss-submission-form?wire=3

Edison International (NYSE:EIX)
Class Period: February 23, 2016 to November 12, 2018
Lead Plaintiff Deadline: January 15, 2019

Edison International allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) the Company failed to maintain electricity transmission and distribution networks in compliance with safety requirements and regulations promulgated under state law; (ii) consequently, the Company was in violation of state law and regulations; (iii) the Company's noncompliant electricity networks created a significantly heightened risk of wildfires in California; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Get additional information about the EIX lawsuit: http://www.kleinstocklaw.com/pslra-1/edison-international-loss-submission-form?wire=3

Ternium S.A. (NYSE:TX)
Class Period: May 1, 2014 to November 27, 2018
Lead Plaintiff Deadline: January 28, 2019

The complaint alleges that throughout the class period Ternium S.A. made materially false and/or misleading statements and/or failed to disclose that: (1) Defendant Paolo Rocca, Ternium's Chairman, knew that one of his company's executives paid cash to government officials from 2009 to 2012 to expedite compensation payments for the sale of Ternium's Sidor unit; (2) this conduct would lead Rocca to be charged in a graft scheme and subject Ternium, its affiliates, and/or its executives to heightened governmental scrutiny; and (3) as a result, Ternium's public statements were materially false and/or misleading at all relevant times.  

On November 27, 2018, Bloomberg reported that Rocca was indicted for his role in a graft scheme. According to the article, "The judge charged Rocca after the Argentine billionaire testified that one of his company's executives paid an undisclosed amount of cash to government officials in monthly installments from 2009 to 2012. The officials were allegedly working for then-President Cristina Fernandez de Kirchner's administration to speed up a compensation payment from Venezuela's Hugo Chavez for the nationalization of Sidor, a unit that had been seized by Venezuela. Rocca's group was compensated with $1.95 billion for the unit."

Get additional information about the TX lawsuit: http://www.kleinstocklaw.com/pslra-1/ternium-s-a-loss-submission-form?wire=3

Cheetah Mobile Inc. (NYSE:CMCM)
Class Period: April 26, 2017 to November 27, 2018
Lead Plaintiff Deadline: January 29, 2019

According to the complaint, Cheetah Mobile Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Cheetah Mobile's apps had undisclosed imbedded features which tracked when users downloaded new apps; (2) Cheetah Mobile used this data to inappropriately claim credit for having caused the downloads; (3) the foregoing features, when discovered, would foreseeably subject Cheetah Mobile's apps to removal from the Google Play store; (4) accordingly, Cheetah Mobile's revenues during the relevant period were in part the product of improper conduct and thus unsustainable; and (5) as a result, Cheetah Mobile's public statements were materially false and misleading at all relevant times.

Get additional information about the CMCM lawsuit: http://www.kleinstocklaw.com/pslra-1/cheetah-mobile-inc-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.

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 

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