Globe Newswire 17-Apr-2019 10:36 AM
NEW YORK, April 17, 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.
Stamps.com Inc. (NASDAQ:STMP)
Class Period: May 3, 2017 to February 21, 2019
Lead Plaintiff Deadline: April 29, 2019
The complaint alleges that throughout the class period Stamps.com Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company's financial results depended on the manipulation of a USPS program that cost USPS an estimated $235 million per year; and (ii) as a result, the Company's business was unsustainable and its financial results were highly misleading.
Get additional information about the STMP lawsuit: http://www.kleinstocklaw.com/pslra-1/stamps-com-inc-loss-submission-form?wire=3
Conagra Brands, Inc. (NYSE:CAG)
Class Period: Purchasers of common stock between June 27, 2018 and December 19, 2018, including legacy Pinnacle Foods, Inc. common stock holders who received Conagra stock in exchange for their Pinnacle shares; and shareholders who purchased shares pursuant and/or traceable to Conagra's SPO on or about October 9, 2018
Lead Plaintiff Deadline: April 23, 2019
During the class period, Conagra Brands, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Conagra inadequately performed proper due diligence in connection with the acquisition of Pinnacle; (ii) the performance of Pinnacle's three leading brands was not deteriorating due to intensified competition, but to self-inflicted subpar innovation and executional missteps; (iii) Pinnacle's business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales; and (iv) as a result of the foregoing, Defendant's public statements were materially false and/or misleading and/or lacked a reasonable basis when made.
Get additional information about the CAG lawsuit: http://www.kleinstocklaw.com/pslra-1/conagra-brands-inc-loss-submission-form?wire=3
Whitestone REIT (NYSE:WSR)
Class Period: May 9, 2018 to February 27, 2019
Lead Plaintiff Deadline: June 17, 2019
The lawsuit alleges that Whitestone REIT made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked effective internal control over financial reporting; (2) Whitestone was incorrectly recognizing assets and liabilities associated with its contribution to Pillarstone Capital REIT Operating Partnership LP; (3) the Company's financial statements for the fiscal year 2018 were overstating revenues; (4) the Company's financial statements for the fiscal year 2018 could no longer be relied upon; and (5) as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.
Get additional information about the WSR lawsuit: http://www.kleinstocklaw.com/pslra-1/whitestone-reit-loss-submission-form?wire=3
Apple Inc. (NASDAQ:AAPL)
Class Period: November 2, 2018 to January 2, 2019
Lead Plaintiff Deadline: June 17, 2019
The complaint alleges Apple Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) the U.S.-China trade war had negatively impacted demand for iPhones and Apple's pricing power in greater China, one of Apple's most important growth markets; (b) the rate at which Apple customers were replacing their batteries in older iPhones rather than purchasing new iPhones was negatively impacting Apple's iPhone sales growth; (c) as a result of slowing demand, Apple had slashed production orders from suppliers for the new 2018 iPhone models and cut prices to reduce inventory; (d) unit sales for iPhone and other hardware was relevant to investors and the Company's financial performance, and the decision to withhold such unit sales was designed to and would mask declines in unit sales of the Company's flagship product; and (e) as a result of the foregoing, defendants lacked a reasonable basis in fact when issuing the Company's revenue outlook for the first quarter 2019 and/or making the related statements concerning demand for its products, as Apple's business metrics and financial prospects were not as strong as defendants had led the market to believe.
Get additional information about the AAPL lawsuit: http://www.kleinstocklaw.com/pslra-1/apple-inc-loss-submission-form-2?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.
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