SHAREHOLDER ALERT: SIX AAN MGPI: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
April 08, 2020 at 21:25 PM EDT
NEW YORK, NY / ACCESSWIRE / April 8, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in 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. There will be no obligation or cost to you.
Six Flags Entertainment Corporation (NYSE:SIX)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/six-flags-entertainment-corporation-loss-submission-form?prid=5971&wire=1
Allegations against SIX include that: (1) Riverside Investment Group Co. Ltd. ("Riverside"), the Chinese real estate developer with which Six Flags partnered, faced far more financial distress than disclosed to investors; (2) as a result, there was a high likelihood that Riverside would default on its payment obligations to the Company; (3) the Company's international strategy, which relied predominantly on its exclusive agreements with Riverside to develop Six Flags-branded parks in China to drive revenue growth, was significantly less promising than represented to investors; and (4) as a result of the foregoing, Defendants' statements about the Company's business, operations and prospects lacked a reasonable basis.
Aarons, Inc. (NYSE:AAN)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/aarons-inc-loss-submission-form?prid=5971&wire=1
Allegations against AAN include that: (i) Aaron's had inadequate disclosure controls, procedures, and compliance measures; (ii) consequently, the operations of Aaron's Progressive Leasing ("Progressive") and Aaron's Business ("AB") segments were in violation of the Federal Trade Commission ("FTC") Act and/or relevant FTC regulations; (iii) consequently, Aaron's earnings from those segments were partially derived from unlawful business practices and were thus unsustainable; (iv) the full extent of Aaron's liability regarding the FTC's investigation into its Progressive and AB segments, Aaron's noncompliance with the FTC Act, and the likely negative consequences of all the foregoing on the Company's financial results; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
MGP Ingredients, Inc. (NASDAQ:MGPI)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/mgp-ingredients-inc-loss-submission-form?prid=5971&wire=1
Allegations against MGPI include that: (a) MGP had not completed any significant sales of its four-year-old aged whiskey inventory; (b) the Company had been unable to sell its aged whiskey at the price premium represented to investors; (c) 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 (d) in light of the foregoing, the Company's FY19 financial forecast lacked a reasonable basis and was materially misleading.
To learn more contact Vincent Wong, Esq. either via email firstname.lastname@example.org or by telephone at 212.425.1140.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.
SOURCE: The Law Offices of Vincent Wong
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