CLASS ACTION UPDATE for BKD, JCOM and ERII: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
August 03, 2020 at 06:35 AM EDT
NEW YORK, NY / ACCESSWIRE / August 3, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.
BKD Shareholders Click Here: https://www.zlk.com/pslra-1/brookdale-senior-living-inc-loss-submission-form?prid=8323&wire=1
* ADDITIONAL INFORMATION BELOW *
Brookdale Senior Living Inc. (NYSE:BKD)
BKD Lawsuit on behalf of: investors who purchased August 10, 2016 - April 29, 2020
According to the filed complaint, during the class period, Brookdale Senior Living Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Brookdale's financial performance was sustained by, among other things, the Company's purposeful understaffing of its senior living communities; (ii) the foregoing conduct subjected Brookdale to an increased risk of litigation and, once revealed, was foreseeably likely to have a material negative impact on the Company's financial results and reputation; (iii) as a result, the Company's financial results were unsustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
J2 Global, Inc. (NASDAQ:JCOM)
JCOM Lawsuit on behalf of: investors who purchased October 5, 2015 - June 29, 2020
According to the filed complaint, during the class period, J2 Global, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) J2 Global engaged in undisclosed related party transactions; (2) J2 Global used misleading accounting to hide requisite impairments and underperformance in acquisitions; (3) several so-called independent members of the Company' board of directors and audit committee were not disinterested; and (4) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Energy Recovery, Inc. (NASDAQ:ERII)
ERII Lawsuit on behalf of: investors who purchased August 2, 2017 - June 29, 2020
According to the filed complaint, during the class period, Energy Recovery, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company had different strategic perspectives regarding commercialization of the Company's VorTeq technology than Schlumberger Technology Corp., which had exclusive rights to the use of VorTeq (ii) these differences created substantial risk of early termination of the Company's exclusive licensing agreement with Schlumberger; (iii) accordingly, the revenue guidance and expectations of future license revenue was false and lacked reasonable basis; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.
You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE: Levi & Korsinsky, LLP
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