{"id":428005,"date":"2021-02-03T11:08:04","date_gmt":"2021-02-03T16:08:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=428005"},"modified":"2021-02-03T11:08:04","modified_gmt":"2021-02-03T16:08:04","slug":"deadline-alert-for-swi-qs-tcda-and-pen-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-swi-qs-tcda-and-pen-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders-2\/","title":{"rendered":"DEADLINE ALERT for SWI, QS, TCDA, and PEN: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders"},"content":{"rendered":"
\n

LOS ANGELES, Feb. 03, 2021 (GLOBE NEWSWIRE) — 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. Investors have until the deadlines listed below to file a lead plaintiff motion.<\/p>\n

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<\/a>.<\/p>\n

\n SolarWinds Corporation<\/strong> (NYSE: SWI<\/a>)
Class Period: February 24, 2020 \u2013 December 15, 2020
Lead Plaintiff Deadline: March 5, 2021<\/strong><\/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\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to compromise the server upon which the products ran; (2) SolarWinds’ update server had an easily accessible password of ‘solarwinds123′; (3) consequently, SolarWinds’ customers, including, among others, the Federal Government, Microsoft, Cisco, and Nvidia, would be vulnerable to hacks; (4) as a result, the Company would suffer significant reputational harm; 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 QuantumScape Corporation f\/k\/a Kensington Capital Acquisition Corp.<\/strong> (NYSE: QS<\/a>)
Class Period: November 27, 2020 \u2013 December 31, 2020
Lead Plaintiff Deadline: March 8, 2021<\/strong><\/p>\n

\n
\n Shareholders with $100,000 losses or more are encouraged to contact the firm<\/em>
\n <\/strong>\n <\/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\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company\u2019s purported success related to its solid-state battery power, battery life, and energy density were significantly overstated; (2) that the Company is unlikely to be able to scale its technology to the multi-layer cell necessary to power electric vehicles; and (3) that, as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n

\n Tricida, Inc.<\/strong> (NASDAQ: TCDA<\/a>)
Class Period: September 4, 2019 \u2013 October 28, 2020
Lead Plaintiff Deadline: March 8, 2021<\/strong><\/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\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Tricida’s NDA for veverimer was materially deficient; (2) accordingly, it was foreseeably likely that the FDA would not accept the NDA for veverimer; and (3) 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 Penumbra, Inc.<\/strong> (NYSE: PEN<\/a>)
Class Period: August 3, 2020 \u2013 December 15, 2020
Lead Plaintiff Deadline: March 16, 2021<\/strong><\/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\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Jet 7 Xtra Flex had known design defects that made it unsafe for its normal use; (2) that Penumbra did not adequately address the risk of the Jet 7 Xtra Flex causing serious injury and deaths, which had in fact already occurred; (3) that the Jet 7 Xtra Flex was likely to be recalled due to its safety issues; 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

Follow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.<\/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 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 info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.<\/p>\n

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

Contacts<\/p>\n

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com<\/a>
www.frankcruzlaw.com<\/a><\/p>\n<\/p>\n


\n
\n \n <\/div>\n

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

LOS ANGELES, Feb. 03, 2021 (GLOBE NEWSWIRE) — 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. 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. SolarWinds Corporation (NYSE: SWI)Class Period: February 24, 2020 \u2013 December 15, 2020Lead Plaintiff Deadline: March 5, 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 … <\/p>\n

Continue reading “DEADLINE ALERT for SWI, QS, TCDA, and PEN: The Law Offices of Frank R. Cruz 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-428005","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDEADLINE ALERT for SWI, QS, TCDA, and PEN: The Law Offices of Frank R. 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