DEADLINE ALERT for FITB, I, EHTH, and SERV: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders
June 03, 2020 at 12:29 PM EDT
LOS ANGELES, June 03, 2020 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.
Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to firstname.lastname@example.org.
Fifth Third Bancorp (NASDAQ: FITB)
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose: (1) that as a result of Fifth Third Bank’s aggressive incentive policies to promote its cross-sell strategy, Fifth Third Bank employees engaged in unauthorized conduct with customer accounts; (2) that since at least 2008, Fifth Third Bank, and by extension, Fifth Third, was aware of such unauthorized conduct and, thus, that it was violating relevant regulations and laws aimed at protecting its consumers; (3) that Fifth Third failed to properly implement and monitor its cross-sell program, detect and stop misconduct, and identify and remediate harmed consumers; (4) that all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation; (5) that Fifth Third’s revenues were in part the product of unlawful conduct and thus unsustainable; and (6) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Intelsat S.A. (NYSE: I)
According to the lawsuit, Intelsat violated provisions of the Securities Exchange Act of 1934 by selling Intelsat shares while in possession of material non-public information, including that the FCC opposed Intelsat’s proposal and instead favored a public auction of the C-Band.
eHealth, Inc. (NASDAQ: EHTH)
The complaint alleges that eHealth throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) its highly aggressive accounting and modeling assumptions; (2) its skyrocketing rate of member churn, resulting from eHealth’s pursuit of low quality, lossmaking growth; (3) its reliance on direct response television advertising, which attracts an unprofitable, high churn enrollee; and (4) as a result of the foregoing, eHealth’s public statements were materially false and misleading at all relevant times.
ServiceMaster Global Holdings, Inc. (NYSE: SERV)
The complaint alleges that ServiceMaster made false and/or misleading statements and/or failed to disclose: (1) that ServiceMaster had failed to properly inspect and treat for Formosan activity; (2) as a result thereof, ServiceMaster was and continued to experience a material adverse trend of costly litigation from injured customers which was not disclosed to investors; (3) that in an unsuccessful attempt to mitigate this trend, ServiceMaster had been taking remedial measures since at least 2018, including drastically raising prices for termite treatments in Mobile, Alabama to deter contract renewals; and (4) as a result of the foregoing, ServiceMaster’s financial results were reasonably likely to be impacted, and would continue to impact ServiceMaster into 2020.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to email@example.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.