{"id":470991,"date":"2021-04-05T13:33:31","date_gmt":"2021-04-05T17:33:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470991"},"modified":"2021-04-05T13:33:31","modified_gmt":"2021-04-05T17:33:31","slug":"deadline-alert-for-cydy-root-vrm-krmd-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-cydy-root-vrm-krmd-law-offices-of-howard-g-smith-reminds-investors-of-class-actions-on-behalf-of-shareholders\/","title":{"rendered":"DEADLINE ALERT for CYDY, ROOT, VRM, KRMD: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BENSALEM, Pa., April  05, 2021  (GLOBE NEWSWIRE) &#8212; Law Offices of Howard G. Smith 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<p align=\"left\">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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LF7i71sJbRFavQ3xDfso6sWoV-rNsst-1b0yvNFjfwoawqVjjIzVtg50_Jg_Kbu6o3NgQFEHgH3Bb36Cq3wXV3iNURMBatWP09N6JOTL92oy44j_IQUM5tk_B5hNol3u\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">howardsmith@howardsmithlaw.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>CytoDyn, Inc. <\/strong>(OTC: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Sk4MdbtaKtNxD9ggXjgCjsB9AaPJTIouR8pa171l_h2Xn9LJO8aSeH33B8EE7j-64Nl5oaqb9FRIdxNaMapwfg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">CYDY<\/a>)\u00a0<br \/>Class Period: March 27, 2020 \u2013 March 9, 2021<br \/>Lead Plaintiff Deadline: <strong> May 17, 2021\u00a0<\/strong><\/p>\n<p align=\"justify\">The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements touting Leronlimab as a potential treatment for COVID-19 to pump up the CytoDyn\u2019s stock price while executives aggressively sold their shares. The complaint also alleges that CytoDyn engaged in a wrongful scheme whereby Iliad and other Fife entities operated as an unregistered securities dealer for CytoDyn.<\/p>\n<p align=\"left\">\n        <strong>Root, Inc. <\/strong>(NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-EW30CYJ26PKjoow_cTOdpSI2LMRIaZ3gJVjkfGEzgT_Ka2hBpylWz9uIiQeb6tRNzhahA2ZKMp-qsYgGnKckw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ROOT<\/a>)<br \/>Class Period: October 28, 2020 \u2013 March 8, 2021<br \/>Lead Plaintiff Deadline: <strong> May 18, 2021 <\/strong><\/p>\n<p align=\"justify\">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, the Offering Documents and Defendants failed to disclose to investors that: (1) Root would foreseeably fail to generate positive cash flow for at least several years following the IPO; (2) accordingly, the Company would foreseeably require significant cash infusions to meet its cash flow needs; (3) notwithstanding the Defendants\u2019 touting of Root\u2019s purportedly unique, data-driven advantages, several of the Company\u2019s established industry peers in fact possessed significant competitive advantages over Root with respect to, <em>inter alia<\/em>, telematics data and data engagement; and (4) as a result, the Offering Documents and Defendants\u2019 public statements throughout the Class Period were materially false and\/or misleading and failed to state information required to be stated therein.<\/p>\n<p align=\"left\">\n        <strong>Vroom, Inc. <\/strong>(NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FK4Nvkxk1sw45s7nPFy1Eb6U6AHq014NWlkU7wmLVHLslvat1TVhq4kdbLmpd8E0IW2igRlCZJ9yVyIzI6Fj8w==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">VRM<\/a>) <br \/>Class Period: June 9, 2020 \u2013 March 3, 2021<br \/>Lead Plaintiff Deadline: <strong> May 21, 2021<\/strong><\/p>\n<p align=\"left\">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 Vroom had not demonstrated that it was able to control and scale growth in respect to its salesforce to meet the demand for its products; (2) that, as a result, the Company was forced to discount aged inventory to move through its retail channels or liquidated in its wholesale channels; (3) that, as a result, the ecommerce gross profit per unit was reasonably likely to decline; and (4) 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<p align=\"left\">\n        <strong>Repro Med Systems, Inc. d\/b\/a KORU Medical Systems <\/strong>(NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LtRwBVwzGS0ywJGwRSlLQtZfpRyzPlE81fFI-uG7jUqp-VQJ-b096db2u_6StDTECiEQHbf8KKDAt7WCkl9Fjw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">KRMD<\/a>) <br \/>Class Period: August 4, 2020 \u2013 January 25, 2021<br \/>Lead Plaintiff Deadline: <strong> May 25, 2021<\/strong><\/p>\n<p align=\"left\">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) starting in January 2020, KORU ramped up the use of allowances, including growth rebates, to retain key customers and to incentivize growth; (2) as the rebates accrued, the Company\u2019s net sales were reasonably likely to decline; and (3) 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<p align=\"left\">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, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LF7i71sJbRFavQ3xDfso6sWoV-rNsst-1b0yvNFjfwocY9GEMXwzGyB-sJMCuCmEZu886muVBOrPqw-OUVrV6-86aieDfgkh29eD-pCxHk779dS5NjvWB5DqwYTPq7oP\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">howardsmith@howardsmithlaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AEdF2lPU30p5CpLtdNzE4UukPF2AUflUaUpV3ynqer5w7znCzH_4s0o5UuW7uPKDydf0XkjDxTctnT08wI_5bL8lXUkyMx3MI32O38AeN_Q=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.howardsmithlaw.com<\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">\n        <strong>Contacts<\/strong><br \/>\n        <br \/>Law Offices of Howard G. Smith<br \/>Howard G. Smith, Esquire<br \/>215-638-4847<br \/>888-638-4847<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LF7i71sJbRFavQ3xDfso6sWoV-rNsst-1b0yvNFjfwr68_JzDzyHJupl287Dm0zcUjCS96p6XrxzHrdSUt9fdeQPDdQfwRVpiDgohXbppf09GzAJt_Eqwtanq0bbnYUU\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">howardsmith@howardsmithlaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AEdF2lPU30p5CpLtdNzE4UukPF2AUflUaUpV3ynqer73iENUdTKDYW0t9FOgyc8sAzGkgou-FRFrU_nKr5zNEyfHtJlyyH_Fc0lCcSJTyCU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.howardsmithlaw.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDkzMCM0MTA0MjI1IzIwMjA0MzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0afe5bd7-fd2d-4ac1-b442-6607ea0554f3\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BENSALEM, Pa., April 05, 2021 (GLOBE NEWSWIRE) &#8212; Law Offices of Howard G. Smith 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 Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. CytoDyn, Inc. (OTC: CYDY)\u00a0Class Period: March 27, 2020 \u2013 March 9, 2021Lead Plaintiff Deadline: May 17, 2021\u00a0 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements touting Leronlimab as a potential &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-cydy-root-vrm-krmd-law-offices-of-howard-g-smith-reminds-investors-of-class-actions-on-behalf-of-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DEADLINE ALERT for CYDY, ROOT, VRM, KRMD: Law Offices of Howard G. Smith 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-470991","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 CYDY, ROOT, VRM, KRMD: Law Offices of Howard G. Smith 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-cydy-root-vrm-krmd-law-offices-of-howard-g-smith-reminds-investors-of-class-actions-on-behalf-of-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DEADLINE ALERT for CYDY, ROOT, VRM, KRMD: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BENSALEM, Pa., April 05, 2021 (GLOBE NEWSWIRE) &#8212; Law Offices of Howard G. Smith 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 Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. CytoDyn, Inc. (OTC: CYDY)\u00a0Class Period: March 27, 2020 \u2013 March 9, 2021Lead Plaintiff Deadline: May 17, 2021\u00a0 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements touting Leronlimab as a potential &hellip; Continue reading &quot;DEADLINE ALERT for CYDY, ROOT, VRM, KRMD: Law Offices of Howard G. 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Smith 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-cydy-root-vrm-krmd-law-offices-of-howard-g-smith-reminds-investors-of-class-actions-on-behalf-of-shareholders\/","og_locale":"en_US","og_type":"article","og_title":"DEADLINE ALERT for CYDY, ROOT, VRM, KRMD: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders - Market Newsdesk","og_description":"BENSALEM, Pa., April 05, 2021 (GLOBE NEWSWIRE) &#8212; Law Offices of Howard G. Smith 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 Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to howardsmith@howardsmithlaw.com. CytoDyn, Inc. (OTC: CYDY)\u00a0Class Period: March 27, 2020 \u2013 March 9, 2021Lead Plaintiff Deadline: May 17, 2021\u00a0 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements touting Leronlimab as a potential &hellip; Continue reading \"DEADLINE ALERT for CYDY, ROOT, VRM, KRMD: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-cydy-root-vrm-krmd-law-offices-of-howard-g-smith-reminds-investors-of-class-actions-on-behalf-of-shareholders\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-05T17:33:31+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDkzMCM0MTA0MjI1IzIwMjA0MzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-cydy-root-vrm-krmd-law-offices-of-howard-g-smith-reminds-investors-of-class-actions-on-behalf-of-shareholders\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-cydy-root-vrm-krmd-law-offices-of-howard-g-smith-reminds-investors-of-class-actions-on-behalf-of-shareholders\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"DEADLINE ALERT for CYDY, ROOT, VRM, KRMD: Law Offices of Howard G. 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