{"id":781632,"date":"2023-09-01T10:41:42","date_gmt":"2023-09-01T14:41:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/"},"modified":"2023-09-01T10:41:42","modified_gmt":"2023-09-01T14:41:42","slug":"shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/","title":{"rendered":"SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Sept.  01, 2023  (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Shift4 Payments, Inc. (\u201cShift4\u201d or the \u201cCompany\u201d) (NYSE: FOUR) and certain officers. The class action, filed in the United States District Court for the Eastern District of Pennsylvania, and docketed under 23-cv-03206, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Shift4 securities between November 10, 2021 and April 18, 2023, both dates inclusive (the \u201cClass Period\u201d), seeking to recover damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (\u201cExchange Act\u201d) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.<\/p>\n<p align=\"justify\">If you are a shareholder who purchased or otherwise acquired Shift4 securities during the Class Period, you have until October 19, 2023 to ask the Court to appoint you as Lead Plaintiff for the class.\u00a0 A copy of the Complaint can be obtained at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0mZvrumc0z7JQLX2-qA6c-jucm3zKOx-y4vqrNQBC2gLW7arSZ9pWx6h-XAK7ZdIBdB_ExW1SB6E_U0W2H-S_y5JuWezoobUtzlcOjY263Q=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.pomerantzlaw.com<\/u><\/a>. To discuss this action, contact Robert S. Willoughby at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZsQ3vgWuU3L0TbOz9vjlOsGEdFTSrx-ZDq8Qv4G0KeZOcLxWSKjdOS0177VnxU5QBFLzjOMFhe3noDqvNqChpVMd_VW2FIzNcd457t47DMA=\" rel=\"nofollow noopener\" target=\"_blank\"><u>newaction@pomlaw.com<\/u><\/a> or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.\u00a0<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_4skRhS5C8glx6TmFnY8jV09ZDUC2xwHakbfHkv0GTrjggzKY0NvvkLtSyL_ph-6FhK1vYSB6f4Knr5vF-X-Vgz1QPikXQMUYIbdeUmDT2FOCBhYZ7jG_CalMOAaabJQv_50AoqFvbwVAzZjbQMeL_-3YRG-GRRNtvgI-yqUQA2vu8-U0zS2OQtwfJPjUoGA\" rel=\"nofollow noopener\" 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\">Shift4 provides software and payment processing solutions in the United States.\u00a0 The Company provides, among other products and services, integrated and mobile point-of-sale (\u201cPOS\u201d) solutions.<\/p>\n<p align=\"justify\">In Shift4\u2019s third quarter of 2022, the Company completed its so-called \u201cmass strategic buyout program\u201d as part of a purported strategic initiative to insource its sales distribution network.<\/p>\n<p align=\"justify\">According to Shift4, because the Company is not a \u201cmember bank\u201d as defined in certain payment network rules, the Company is not eligible for primary membership in certain payment networks and is therefore unable to directly access them.\u00a0 Accordingly, Shift4\u2019s payment networks require the Company to be sponsored by a member bank as a service provider, which the Company has accomplished through a sponsorship agreement with its sponsor bank.\u00a0 To cover overdraft obligations at the sponsor bank, prior to December 2022, Shift4 had funds deposited in a sponsor bank merchant settlement account to facilitate gross card transaction deposits for those customers the Company bills on a monthly, as opposed to a daily, basis.\u00a0<\/p>\n<p align=\"justify\">The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operations, and compliance policies.\u00a0 Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) Shift4 had inadequate disclosure controls and procedures and internal control over financial reporting; (ii) as a result, Shift4 failed to properly account for customer acquisition costs, thereby artificially inflating its net cash provided by operating activities; (iii) accordingly, Shift4 would likely be forced to restate one or more of its previously issued financial statements; (iv) Shift4 employed accounting maneuvers in connection with, among other things, its mass strategic buyout program and sponsor bank merchant settlement account, that were designed to present an inaccurate picture of, <em>inter alia<\/em>, the Company\u2019s performance, its underlying business quality, and its earnings power; (v) all the foregoing, once revealed, was likely to negatively impact Shift4\u2019s reputation and business; and (vi) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n<p align=\"justify\">On October 21, 2022, Shift4 disclosed in a filing with the U.S. Securities and Exchange Commission that the Company\u2019s third quarter 2021, full year 2021, first quarter 2022, and second quarter 2022 financial statements should no longer be relied upon and would need to be restated because of a material weakness in the Company\u2019s financial controls, which had caused it to incorrectly treat \u201ccustomer acquisition costs\u201d as cash used in investing activities rather than cash used in operating activities in its Consolidated Statements of Cash Flows.\u00a0 As a result, Shift4 was forced to negatively revise its net cash provided by operating activities to $3 million (down from its originally reported $29.2 million), $30.8 million (down from its originally reported $37.1 million), and $70.8 million (down from its originally reported $85 million) for the year ended December 31, 2021, the three months ended March 31, 2022, and the six months ended June 30, 2022, respectively.<\/p>\n<p align=\"justify\">On this news, Shift4\u2019s stock price fell $1.21 per share, or 2.67%, to close at $44.16 per share on October 24, 2022.\u00a0<\/p>\n<p align=\"justify\">On April 19, 2023, Blue Orca Capital published a report addressing Shift4 (the \u201cBlue Orca Report\u201d).\u00a0 The Blue Orca Report alleged, among other things, that \u201cShift4 [is], in reality, a roll-up of low-tech POS systems and payment processors which is substantially less profitable, generates far less cash, and is materially more levered than investors are led to believe.\u201d\u00a0 The Blue Orca Report further alleged that in 2022, \u201cShift4 engaged in a string of highly questionable and hyper-aggressive accounting maneuvers seemingly designed to keep the stock afloat, from cash flow manipulation to inexplicable distributor acquisitions that enabled it to capitalize a major component of COGS [cost of goods sold].\u201d\u00a0 For example, the Blue Orca Report alleged, <em>inter alia<\/em>, that Shift4\u2019s \u201cbuyout of 50% of its independent distributors\u201d\u2014<em>i.e.<\/em>, in connection with its mass strategic buyout program\u2014\u201cand Q4 2022 cash account withdrawal\u201d from its sponsor bank merchant settlement account \u201ctogether inflated operating cash flow by 61%.\u201d<\/p>\n<p align=\"justify\">On this news, Shift4\u2019s stock price fell $5.95 per share, or 8.68%, to close at $62.59 per share on April 19, 2023.<\/p>\n<p align=\"justify\">Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, 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, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz 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 billions of dollars in damages awards on behalf of class members. See <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0mZvrumc0z7JQLX2-qA6c7w2zbV_PH8fH7yAVtMQSfxNSxIfYKVa7-mM9mszSj1jDHwbUb_JKETm7vyo3ZPauA==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.pomlaw.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=5uXpFssyAR4c7a3yBLixCdOlyw72g575RMrVGGE0z4FC7AeSscQUTv18unyCXIwSMkGY3trZn7YD2i-o_PkOdH25MQpqYvauZgahEGJBtrM=\" rel=\"nofollow noopener\" target=\"_blank\"><u>rswilloughby@pomlaw.com<\/u><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-8-p1Zv8UAi3AdMz8t0UGUeEOzWDk9ysFu-wXQkzzhwpcnwmlZgikSrSGoR5S2WxJ1xx8LQ65YfQUsYenIa8bw==\" rel=\"nofollow noopener\" target=\"_blank\"><br \/><\/a>888-476-6529 ext. 7980<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxNTIxOSM1Nzk0ODE5IzIwMTc2NDQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YWUxZTM1ZjgtNGM0NS00ZDhlLTkwZmYtMTc1NDY1MGFkMWQzLTEwMjkyMTc=\/tiny\/Pomerantz-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Shift4 Payments, Inc. (\u201cShift4\u201d or the \u201cCompany\u201d) (NYSE: FOUR) and certain officers. The class action, filed in the United States District Court for the Eastern District of Pennsylvania, and docketed under 23-cv-03206, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Shift4 securities between November 10, 2021 and April 18, 2023, both dates inclusive (the \u201cClass Period\u201d), seeking to recover damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (\u201cExchange Act\u201d) and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR&#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-781632","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR - 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-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/\" \/>\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 Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Shift4 Payments, Inc. (\u201cShift4\u201d or the \u201cCompany\u201d) (NYSE: FOUR) and certain officers. The class action, filed in the United States District Court for the Eastern District of Pennsylvania, and docketed under 23-cv-03206, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Shift4 securities between November 10, 2021 and April 18, 2023, both dates inclusive (the \u201cClass Period\u201d), seeking to recover damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (\u201cExchange Act\u201d) and &hellip; Continue reading &quot;SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-01T14:41:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxNTIxOSM1Nzk0ODE5IzIwMTc2NDQ=\" \/>\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=\"5 minutes\" \/>\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-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR\",\"datePublished\":\"2023-09-01T14:41:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\\\/\"},\"wordCount\":1021,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkxNTIxOSM1Nzk0ODE5IzIwMTc2NDQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\\\/\",\"name\":\"SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR - 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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\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/","og_locale":"en_US","og_type":"article","og_title":"SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR - Market Newsdesk","og_description":"NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) &#8212; Pomerantz LLP announces that a class action lawsuit has been filed against Shift4 Payments, Inc. (\u201cShift4\u201d or the \u201cCompany\u201d) (NYSE: FOUR) and certain officers. The class action, filed in the United States District Court for the Eastern District of Pennsylvania, and docketed under 23-cv-03206, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Shift4 securities between November 10, 2021 and April 18, 2023, both dates inclusive (the \u201cClass Period\u201d), seeking to recover damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (\u201cExchange Act\u201d) and &hellip; Continue reading \"SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-01T14:41:42+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxNTIxOSM1Nzk0ODE5IzIwMTc2NDQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR","datePublished":"2023-09-01T14:41:42+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/"},"wordCount":1021,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkxNTIxOSM1Nzk0ODE5IzIwMTc2NDQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-pomerantz-law-reminds-shareholders-with-losses-on-their-investment-in-shift4-payments-inc-of-class-action-lawsuit-and-upcoming-deadline-four-2\/","name":"SHAREHOLDER ALERT: Pomerantz Law Reminds Shareholders with Losses on their Investment in Shift4 Payments, Inc. of Class Action Lawsuit and Upcoming Deadline \u2013 FOUR - 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