Box, Inc. (NYSE: BOX), Cloudera, Inc. (NYSE: CLDR) & Mammoth Energy Services, Inc. (NASDAQ: TUSK) - Bronstein, Gewirtz & Grossman, LLC Class Action Update

Globe Newswire 12-Jul-2019 3:01 PM

NEW YORK, July 12, 2019 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. 

Box, Inc. (NYSE:BOX)
Class Period: November 28, 2018 - June 3, 2019
Deadline: August 5, 2019
For more info:
www.bgandg.com/box

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Box was unable to close large deals within the quarter; (2) Box's revenue would be materially impacted; and (3) defendants' positive statements about Box's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Cloudera, Inc. (NYSE:CLDR) 
Class Period: April 28, 2017 - June 5, 2019,
Deadline: August 6, 2019
For more info:
www.bgandg.com/cldr

The lawsuit alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Cloudera was finding it increasingly difficult to identify large enterprises interested in adopting Cloudera's Hadoop-based platform; (2) Cloudera needed to expend an increasing amount of capital on sales and marketing activities to generate new revenues; (3) Cloudera had materially diminished sales opportunities and prospects and could not generate annual positive cash flows for the foreseeable future; (4) the primary motivation for Cloudera's merger with Hortonworks was to generate growth through the acquisition of Hortonworks' existing customers (as opposed to obtaining them organically); (5) the purported synergies and other benefits of the merger with Hortonworks were materially overstated; and (6) defendants' positive statements about Cloudera's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. 

Mammoth Energy Services, Inc. (NASDAQ:TUSK
Class Period: October 19, 2017 - June 5, 2019
Deadline: August 6, 2019
For more info:
www.bgandg.com/tusk

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Mammoth's subsidiary, Cobra, improperly obtained two infrastructure contracts with PREPA that totaled over $1.8 billion; (2) specifically, the contracts were awarded as the result of improper steering and not a competitive RFP process; and (3) as a result, Defendants' statements about Mammoth's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

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