The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SIX, AAN and LBRT
April 10, 2020 at 13:40 PM EDT
NEW YORK, NY / ACCESSWIRE / April 10, 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.
Six Flags Entertainment Corporation (NYSE:SIX)
The SIX lawsuit alleges that Six Flags Entertainment Corporation made materially false and/or misleading statements and/or failed to disclose 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.
Learn about your recoverable losses in SIX: http://www.kleinstocklaw.com/pslra-1/six-flags-entertainment-corporation-loss-submission-form?id=5995&from=1
Aarons, Inc. (NYSE:AAN)
Aarons, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose 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.
Learn about your recoverable losses in AAN: http://www.kleinstocklaw.com/pslra-1/aarons-inc-loss-submission-form?id=5995&from=1
Liberty Oilfield Services, Inc. (NYSE:LBRT)
According to the complaint, Liberty Oilfield Services, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) there was an oversupply in the hydraulic fracturing services market; (2) the Company's pricing power was weak; (3) Liberty's services were not increasing and its competition was not decreasing; and (4) as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Learn about your recoverable losses in LBRT: http://www.kleinstocklaw.com/pslra-1/liberty-oilfield-services-inc-loss-submission-form?id=5995&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
View source version on accesswire.com: