{"id":412232,"date":"2021-01-11T11:03:16","date_gmt":"2021-01-11T16:03:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=412232"},"modified":"2021-01-11T11:03:16","modified_gmt":"2021-01-11T16:03:16","slug":"deadline-alert-for-yy-lrn-and-fbio-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-6","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-yy-lrn-and-fbio-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-6\/","title":{"rendered":"DEADLINE ALERT for YY, LRN, and FBIO: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders"},"content":{"rendered":"<div class=\"mw_release\">\n<p>LOS ANGELES, Jan.  11, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QrM5XHXNBPGN0F5BH9siBKNqXeuXPgla8a9_MbGyohCifCwsXtT_VhQYAWb0DmfDIvxps0nyri4N7pcsJQsg0-w3PTEL31Wtjp1A2rK7d7KmNf1L6-D7kxl-kn1Nvbb0\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">The Law Offices of Frank R. Cruz<\/a> 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.<\/p>\n<p>Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Uq9ER1O7ubEJ8f5809UbxZb9WMANhK0DO7JQJilZ2XONnT0UFV0GjIMFZ5BgQyIBDRHW0bqR40TcpI6HKWP3A8sd7XcxUaqskJFY5YsBh2o=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">fcruz@frankcruzlaw.com<\/a>.<\/p>\n<p>\n        <strong>JOYY Inc.<\/strong> (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IgaC78Vwxe9u_2cPj1sg6wmvX6u6QDuctDY9cnsOBmzFvoB4jT8MJeuaAN9l1af9uTyk3Qci89c4i8Wm91jGgA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">YY<\/a>)<br \/>Class Period:\u00a0\u00a0 April 28, 2016 \u2013 November 18, 2020<br \/>Lead Plaintiff Deadline: <strong>January 19, 2021<\/strong><\/p>\n<p>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\u2019s 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\u2019s acquisition of Bigo was largely contrived to benefit corporate insiders; and (6) as a result, Defendants\u2019 public statements were materially false and\/or misleading at all relevant times.<\/p>\n<p>\n        <strong>K12 Inc.<\/strong> (NYSE: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ex-9kj5oZoDqOhnVGUq2_tkLPcH3R5zyUO4FzKU2mAFvRaq-Pf6oCwD3qZEewlFZItdlpYOIjQmTmSBlvIT6Hw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LRN<\/a>)<br \/>Class Period: April 27, 2020 \u2013 September 18, 2020<br \/>Lead Plaintiff Deadline:\u00a0\u00a0 <strong>January 19, 2021<\/strong><\/p>\n<p>\n        <strong><br \/>\n          <em>Shareholders with $100,000 losses or more are encouraged to contact the firm<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>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\u2019s 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\u2019 statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n<p>\n        <strong>Fortress Biotech, Inc.<\/strong> (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DDtb-t1-8Ufr048_HLdOsqxqAOoV17aEwDgu3mOmNn3w-Hv8jJH54zGUSrRWBFmtOozkRL0TQIrbrjOQUerWeQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">FBIO<\/a>)<br \/>Class Period: December 11, 2019 \u2013 October 9, 2020<br \/>Lead Plaintiff Deadline:\u00a0\u00a0 <strong>January 26, 2021<\/strong><\/p>\n<p>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\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) IV Tramadol was not safe for the intended patient population; (2) as a result, it was foreseeable that the FDA would not approve the NDA for IV Tramadol; and (3) as a result, Defendants\u2019 statements about its business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all relevant times.<\/p>\n<p>Follow us for updates on Twitter: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NoTRNEur87sVlsUZ3ACVr7JD0JWGm678Cj6eCkv0jcQ7o35UO16ZH_xz6Z__UycujiH_zHhIH2eAm_QcBR_JZeWeErqDbLJ9r_kbF81M2IM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">twitter.com\/FRC_LAW<\/a>.<\/p>\n<p>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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bpLMAHf1DfZWzj-Mt80RN7VJWQm7xWVaCwhGLPLxl4g3LfU1pQ1HtCY-CTsDBybWz2CCJec4oRB45oO8NmdzOY0MBKiOYGRCJcSOAwgMVD8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@frankcruzlaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=T05DQtyhpScQkM4Rz0M4Oc-hin8fvR3AB_6CPLKh0ihhz3tIPPf-f62yUH6Hl3f73ARA_lVBj2LsoFevRII_EDSg3G25ZobRZA9k1B27h_Q=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.frankcruzlaw.com<\/a>.\u00a0\u00a0 If you inquire by email please include your mailing address, telephone number, and number of shares purchased.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>Contacts<\/p>\n<p>The Law Offices of Frank R. Cruz, Los Angeles<br \/>Frank R. Cruz, 310-914-5007<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Uq9ER1O7ubEJ8f5809UbxZb9WMANhK0DO7JQJilZ2XOx8vA2pgOJxZmMamvvzy3TeafyEbFVMgLQsH0VsFUDbYFJ9nzklgVNeeM4pqXjomg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">fcruz@frankcruzlaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=T05DQtyhpScQkM4Rz0M4OXy5vM1-qNQfwEHhdLaOm7wLghwwsKFhu8I-2HqKvksipbKoVcMl9jGRKlYIlYy3V47mm8d_ZquybzMHvcXry2A=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.frankcruzlaw.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzU1MSMzOTEyNTYxIzIxOTQyMzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/1b1ffe5e-0fe9-4894-94a1-a28e0563b774\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) &#8212; The Law Offices of Frank R. Cruz 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. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. JOYY Inc. (NASDAQ: YY)Class Period:\u00a0\u00a0 April 28, 2016 \u2013 November 18, 2020Lead Plaintiff Deadline: January 19, 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 failed &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-yy-lrn-and-fbio-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-6\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DEADLINE ALERT for YY, LRN, and FBIO: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders&#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-412232","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>DEADLINE ALERT for YY, LRN, and FBIO: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders - 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\/deadline-alert-for-yy-lrn-and-fbio-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DEADLINE ALERT for YY, LRN, and FBIO: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) &#8212; The Law Offices of Frank R. Cruz 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. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. JOYY Inc. (NASDAQ: YY)Class Period:\u00a0\u00a0 April 28, 2016 \u2013 November 18, 2020Lead Plaintiff Deadline: January 19, 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 failed &hellip; Continue reading &quot;DEADLINE ALERT for YY, LRN, and FBIO: The Law Offices of Frank R. 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Cruz Reminds Investors of Class Actions on Behalf of Shareholders - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-yy-lrn-and-fbio-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-6\/","og_locale":"en_US","og_type":"article","og_title":"DEADLINE ALERT for YY, LRN, and FBIO: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders - Market Newsdesk","og_description":"LOS ANGELES, Jan. 11, 2021 (GLOBE NEWSWIRE) &#8212; The Law Offices of Frank R. Cruz 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. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. JOYY Inc. (NASDAQ: YY)Class Period:\u00a0\u00a0 April 28, 2016 \u2013 November 18, 2020Lead Plaintiff Deadline: January 19, 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 failed &hellip; Continue reading \"DEADLINE ALERT for YY, LRN, and FBIO: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-yy-lrn-and-fbio-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-6\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-11T16:03:16+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMzU1MSMzOTEyNTYxIzIxOTQyMzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-yy-lrn-and-fbio-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-6\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-yy-lrn-and-fbio-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-6\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"DEADLINE ALERT for YY, LRN, and FBIO: The Law Offices of Frank R. 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