The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of TUFN, CRON and I
April 26, 2020 at 15:15 PM EDT
NEW YORK, NY / ACCESSWIRE / April 26, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Tufin Software Technologies Ltd. (NYSE:TUFN)
According to the complaint, Tufin Software Technologies Ltd. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Tufin's customer relationships and growth metrics were overstated, particularly with respect to North America; (2) Tufin's business was deteriorating, primarily in North America; (3) as a result, Tufin's representations regarding its sustainable financial prospects were overly optimistic; and (4) as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein.
Learn about your recoverable losses in TUFN: http://www.kleinstocklaw.com/pslra-1/tufin-software-technologies-ltd-loss-submission-form?id=6193&from=1
Cronos Group Inc. (NASDAQ:CRON)
During the class period, Cronos Group Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Cronos had engaged in significant transactions for which its revenue recognition was inappropriate; (ii) the foregoing would foreseeably necessitate reviews that would delay the Company's ability to timely file its periodic reports; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Learn about your recoverable losses in CRON: http://www.kleinstocklaw.com/pslra-1/cronos-group-inc-loss-submission-form-2?id=6193&from=1
Intelsat S.A. (NYSE:I)
The complaint filed against BC Partners, its individual partners and directors of Intelsat Raymond Svider and Justice Bateman, and Silver Lake Group, L.L.C. (and its related entities) alleges that throughout the class period, defendants made false and misleading statements to the market. Specifically, the complaint alleges that Silver Lake and its fellow defendants violated the Exchange Act by selling a block of Intelsat's shares while holding material non-public information, including the fact that the Company had met with the Federal Communications Commission (the "FCC") on November 5, 2019 to discussed the sale of spectrum controlled by Intelsat for future "5G" use (the "C-Band"). The FCC opposed Intelsat's proposal for a private sale of the C-Band, preferring a public auction. The FCC announced a public auction of the C-Band on November 18, 2019, contrary to Intelsat's wishes, its stock dropped 40%.
Learn about your recoverable losses in I: http://www.kleinstocklaw.com/pslra-1/intelsat-s-a-loss-submission-form?id=6193&from=1
Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. 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.
SOURCE: The Klein Law Firm
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