DEADLINE ALERT for AAN, MGPI, ALGN, CAN: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders
April 02, 2020 at 12:00 PM EDT
BENSALEM, Pa., April 02, 2020 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith 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 Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to firstname.lastname@example.org.
Aaron’s, Inc. (NYSE: AAN)
The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) that Aaron’s had inadequate disclosure controls, procedures, and compliance measures; (2) that, consequently, the operations of Aaron’s Progressive and AB segments were in violation of the FTC Act and/or relevant FTC regulations; (3) that, consequently, Aaron’s earnings from those segments were partially derived from unlawful business practices and were thus unsustainable; (4) the full extent of Aaron’s liability regarding the likely negative consequences of all the foregoing on the Company’s financial results; and (5) that, as a result, the Company’s public statements were materially false and misleading at all relevant times.
MGP Ingredients, Inc. (NASDAQ: MGPI)
The complaint alleges that throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose: (1) that MGP had not completed any significant sales of its four-year-old aged-whiskey inventory; (2) that the Company had been unable to sell its aged whiskey at the price premium represented to investors; (3) that a glut of aged whiskey inventory and shifts in consumer behavior had lowered the value of the Company’s aged whiskey inventory and materially impaired its ability to negotiate significant sales on favorable contract terms; and (4) that, in light of the foregoing, the Company’s fiscal year 2019 financial forecast lacked a reasonable basis and was materially misleading
Align Technology, Inc. (NASDAQ: ALGN)
The complaint alleges that throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose: (1) that they had exaggerated the Company’s performance in China; and (2) that Chinese demand for the Company’s products materially declined.
Canaan Inc. (NASDAQ: CAN )
The complaint alleges that throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose: (1) that the purported "strategic cooperation" with Hangzhou Grandshores Weicheng Technology Co., Ltd. was actually a transaction with a related party; (2) that the company's financial health was worse than what was actually reported; (3) that the company had recently removed numerous distributors from its website just prior to the IPO, many of which were small or suspicious businesses; and (4) that several of the Company's largest Chinese clients in prior years were clients who were not in the Bitcoin mining industry and, thus, would likely not be repeat customers.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.