{"id":386332,"date":"2020-11-21T23:44:21","date_gmt":"2020-11-22T04:44:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386332"},"modified":"2020-11-21T23:44:21","modified_gmt":"2020-11-22T04:44:21","slug":"shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-everspin-technologies-inc-mram-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-everspin-technologies-inc-mram-3\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Everspin Technologies, Inc. &#8211; MRAM"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Nov.  21, 2020  (GLOBE NEWSWIRE) &#8212; Pomerantz LLP is investigating claims on behalf of investors of Everspin Technologies, Inc. (\u201cEverspin\u201d or the \u201cCompany\u201d) (NASDAQ: MRAM).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at \u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cPwkSTKECmn21feoBtqByYHGidrQdGLB7eV12eN5viykrXKyflnchZ8vBc5R38FNcDHU7qHzZF-JjFPilW5-Pc6VZJ0MT7kTjFQ93pCVQ_k=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>newaction@pomlaw.com<\/u><\/a> or 888-476-6529, ext. 7980.<\/p>\n<p align=\"justify\">The investigation concerns whether Everspin and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GeL9yZePu2dmkd8i7b7uxX4wTIyp-3BmjjgopEGQPZ-XfMScmc5PNlJqU5wW5zFhwsuYLBDYW3tMbKwyL7Fy-hirAEsAPQG9CV3EAtPo9YZ65YpSX5DmjzXg-2TM4oet5-y1hMrenybCst5WWJkABnJJ-XaX8ogKFGuZYgvYFBk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <u>[Click here for information about joining the class action]<\/u><br \/>\n          <\/strong><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">On November 5, 2020, post-market, Everspin announced its financial and operating results for the third quarter of 2020.\u00a0 Among other results, Everspin reported GAAP EPS and revenue that fell short of expectations.\u00a0 The Company advised investors that \u201c[t]hird quarter gross margin included a $1.7 million non-cash charge related to excess and obsolete inventory reserve, $0.4 million of accelerated depreciation and $0.1 million related to a prior period cost adjustment.\u201d\u00a0<\/p>\n<p align=\"justify\">On this news, Everspin\u2019s stock price fell $1.86 per share, or 23.25%, to close at $6.14 per share on November 6, 2020.<\/p>\n<p align=\"justify\">The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Jn2Nubf7QBgJiNQcTF2GEkn48LJe8RwcfHI4fpTYBwdTRqYzc0RggFNdgzNJd13tHN2HDh23pSc3ywVpoDrXdXxKQdrsYlxlHl1_PP7j3zU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.pomerantzlaw.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>CONTACT:<br \/><\/strong>Robert S. Willoughby<br \/>Pomerantz LLP<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u4L08IwHOzECC7aCi8ylzezyFdcqU2gsaMEMXxuUw_fOgBhrHu7vhqsbkY67XpkbYSHDQZJNs2iOr0_j4RsShFtWGvyvUzUxUcilSBYdwQ8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>rswilloughby@pomlaw.com<\/u><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dr3sImj4VTD9bKPwvcwIjorKzcMeWsKdlvz23h3ki0X9cxKu6_OzHQjypQ4En1HLWnWGLMMw_ce_K1gg8rSjuQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/><\/a>888-476-6529 ext. 7980<\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDMwMyMzODM4NzY2IzIwMTc2NDQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/d4d84ee9-4555-4b9d-9eff-f17d6068ad75\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 21, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP is investigating claims on behalf of investors of Everspin Technologies, Inc. (\u201cEverspin\u201d or the \u201cCompany\u201d) (NASDAQ: MRAM).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at \u00a0newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Everspin and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On November 5, 2020, post-market, Everspin announced its financial and operating results for the third quarter of 2020.\u00a0 Among other results, Everspin reported GAAP EPS and revenue that fell short of expectations.\u00a0 The Company advised investors that \u201c[t]hird quarter gross margin included a $1.7 million non-cash charge &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-everspin-technologies-inc-mram-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Everspin Technologies, Inc. &#8211; MRAM&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386332","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Everspin Technologies, Inc. - MRAM - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-everspin-technologies-inc-mram-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Everspin Technologies, Inc. - MRAM - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 21, 2020 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP is investigating claims on behalf of investors of Everspin Technologies, Inc. (\u201cEverspin\u201d or the \u201cCompany\u201d) (NASDAQ: MRAM).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at \u00a0newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Everspin and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On November 5, 2020, post-market, Everspin announced its financial and operating results for the third quarter of 2020.\u00a0 Among other results, Everspin reported GAAP EPS and revenue that fell short of expectations.\u00a0 The Company advised investors that \u201c[t]hird quarter gross margin included a $1.7 million non-cash charge &hellip; Continue reading &quot;SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Everspin Technologies, Inc. &#8211; MRAM&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-everspin-technologies-inc-mram-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-22T04:44:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDMwMyMzODM4NzY2IzIwMTc2NDQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-everspin-technologies-inc-mram-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-everspin-technologies-inc-mram-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Everspin Technologies, Inc. &#8211; 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Pomerantz LLP is investigating claims on behalf of investors of Everspin Technologies, Inc. (\u201cEverspin\u201d or the \u201cCompany\u201d) (NASDAQ: MRAM).\u00a0\u00a0 Such investors are advised to contact Robert S. Willoughby at \u00a0newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Everspin and certain of its officers and\/or directors have engaged in securities fraud or other unlawful business practices.\u00a0 [Click here for information about joining the class action] On November 5, 2020, post-market, Everspin announced its financial and operating results for the third quarter of 2020.\u00a0 Among other results, Everspin reported GAAP EPS and revenue that fell short of expectations.\u00a0 The Company advised investors that \u201c[t]hird quarter gross margin included a $1.7 million non-cash charge &hellip; Continue reading \"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Everspin Technologies, Inc. &#8211; MRAM\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-everspin-technologies-inc-mram-3\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-22T04:44:21+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MDMwMyMzODM4NzY2IzIwMTc2NDQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-everspin-technologies-inc-mram-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-everspin-technologies-inc-mram-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Everspin Technologies, Inc. &#8211; 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