{"id":397597,"date":"2020-12-10T11:33:12","date_gmt":"2020-12-10T16:33:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397597"},"modified":"2020-12-10T11:33:12","modified_gmt":"2020-12-10T16:33:12","slug":"deadline-alert-for-baba-biib-yy-lrn-law-offices-of-howard-g-smith-reminds-investors-of-class-actions-on-behalf-of-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-baba-biib-yy-lrn-law-offices-of-howard-g-smith-reminds-investors-of-class-actions-on-behalf-of-shareholders\/","title":{"rendered":"DEADLINE ALERT for BABA, BIIB, YY, LRN: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n BENSALEM, Pa.<\/span>, Dec. 10, 2020<\/span> \/PRNewswire\/ —\u00a0Law Offices of Howard G. Smith<\/span> reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.\u00a0 Investors have until the deadlines listed below to file a lead plaintiff motion.\u00a0 <\/p>\n

Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith<\/span> to discuss their legal rights in these class actions at 888-638-4847 or by email to howardsmith@howardsmithlaw.com<\/a>.<\/p>\n

\n Alibaba<\/b>
\n Group Holding Limited<\/b>\u00a0(NYSE: BABA<\/a><\/u>)
Class Period: July 20, 2020<\/span> – November 3, 2020<\/span>
Lead Plaintiff Deadline: January 12, 2021<\/span><\/b><\/p>\n

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Ant Group did not meet listing qualifications or disclosure requirements for certain material matters; (2) that certain impending changes in the Fintech regulatory environment would impact Ant Group’s business; (3) that, as a result of the foregoing, Ant Group’s IPO was reasonably likely to be suspended; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n

\n Biogen, Inc. <\/b>(NASDAQ:\u00a0BIIB<\/a><\/u>)\u00a0
Class Period: October 22, 2019<\/span>– November 6, 2020<\/span>
Lead Plaintiff Deadline:January 12, 2021<\/span><\/b><\/p>\n

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the larger dataset did not provide necessary data regarding aducanumab’s effectiveness; (2) the EMERGE study did not and would not provide necessary data regarding aducanumab’s effectiveness; (3) the PRIME study did not and would not provide necessary data regarding aducanumab’s effectiveness; (4) the data provided by the Company to the FDA’s Peripheral and Central Nervous System Drugs Advisory Committee did not support finding efficacy of aducanumab; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

\n JOYY Inc. <\/b>(NASDAQ: YY<\/a>)
Class Period: April 28, 2016<\/span> – November 18, 2020<\/span>
Lead Plaintiff Deadline: January 19, 2021<\/span><\/b><\/p>\n

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) JOYY dramatically overstated its revenues from live streaming sources; (2) the majority of users at any given time were bots; (3) the Company utilized these bots to effect a roundtripping scheme that manufactured the false appearance of revenues; (4) the Company overstated its cash reserves; (5) the Company’s acquisition of Bigo was largely contrived to benefit corporate insiders; and (6) as a result, Defendants’ public statements were materially false and\/or misleading at all relevant times.\u00a0\u00a0 <\/p>\n

\n K12 Inc. <\/b>(NYSE:\u00a0LRN<\/a>)
Class Period: April 27, 2020<\/span> – September 18, 2020<\/span>
Lead Plaintiff Deadline: January 19, 2021<\/span><\/b><\/p>\n

\n
\n Shareholders with $100,000<\/span> losses or more are encouraged to contact the firm<\/i>
\n <\/b>\n <\/p>\n

The complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) K12 lacked the technological capabilities, infrastructure, and expertise to support the increased demand for virtual and blended education necessitated by the global pandemic; (2) K12 lacked adequate cyberattack protocols and protections to prevent the disabling of its computer systems; (3) K12 was unable to provide the necessary levels of administrative support and training to teachers, students, and parents; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n

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\u00a0learn more\u00a0about 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<\/span>, of Law Offices of Howard G. Smith<\/span>, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania<\/span> 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to\u00a0howardsmith@howardsmithlaw.com<\/a>, or visit our website at www.howardsmithlaw.com<\/a>.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

\n Contacts
<\/b>Law Offices of Howard G. Smith<\/span>
Howard G. Smith, Esquire<\/span>
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com<\/a>
www.howardsmithlaw.com<\/a><\/p>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/deadline-alert-for-baba-biib-yy-lrn-law-offices-of-howard-g-smith-reminds-investors-of-class-actions-on-behalf-of-shareholders-301190624.html<\/a><\/p>\n

SOURCE Law Offices of Howard G. Smith<\/span><\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire BENSALEM, Pa., Dec. 10, 2020 \/PRNewswire\/ —\u00a0Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.\u00a0 Investors have until the deadlines listed below to file a lead plaintiff motion.\u00a0 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 howardsmith@howardsmithlaw.com. Alibaba Group Holding Limited\u00a0(NYSE: BABA) Class Period: July 20, 2020 – November 3, 2020Lead Plaintiff Deadline: January 12, 2021 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as … <\/p>\n

Continue reading “DEADLINE ALERT for BABA, BIIB, YY, LRN: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders”<\/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-397597","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDEADLINE ALERT for BABA, BIIB, YY, LRN: Law Offices of Howard G. 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