SAN FRANCISCO, June 13, 2019 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds INVVY, AAC, LTHM and PSMT investors that class action lawsuits have commenced on behalf of investors in the following companies and lead plaintiff filing deadlines are approaching.
Indivior PLC (OTC BB: INVVY)
Class Period: March 10, 2015 - April 9, 2019
Lead Plaintiff Deadline: June 24, 2019
Date Filed: April 23, 2019
Phone: 510-725-3000
Email: INVVY@hbsslaw.com
For more information: https://www.hbsslaw.com/cases/INVVY
According to the complaint, Defendants misled investors by concealing: (1) Indivior and its executives engaged in an illicit nationwide scheme to increase prescriptions of Suboxone Film; (2) Indivior illegally obtained billions of dollars in revenue from Suboxone Film prescriptions by deceiving health care providers and health care benefit programs; and, (3) as a result of Defendants’ misconduct, Indivior would face felony charges.
“We’re focused on investors’ losses and the extent to which investors may have been misled,” said Hagens Berman partner Reed Kathrein.
AAC Holdings, Inc. (NYSE: AAC)
Class Period: March 8, 2017 - April 15, 2019
Lead Plaintiff Deadline: July 15, 2019
Date Filed: May 16, 2019
Phone: 510-725-3000
Email: AAC@hbsslaw.com
For more information: https://www.hbsslaw.com/cases/AAC
According to the complaint, Defendants misled investors in part by concealing (1) AAC’s internal controls over financial reporting were inadequate, and (2) AAC misstated historical financial and operating reports.
“We’re focused on investors’ losses, Defendants’ revenue recognition practices, and the extent to which investors may have been misled,” said Hagens Berman partner Reed Kathrein.
Livent Corporation (NYSE: LTHM)
Class Period: October 7, 2018 - May 22, 2019
Lead Plaintiff Deadline: July 22, 2019
Date Filed: May 22, 2019
Phone: 510-725-3000
Email: LTHM@hbsslaw.com
For more information: https://www.hbsslaw.com/cases/LTHM
According to the complaint, Defendants misrepresented and concealed (1) the termination of a supply contract with Nemaska Lithium Inc., and (2) fulfillment of customer contracts using alternative vendors would adversely affect Livent’s revenues and profit margins.
“We’re focused on investors’ losses and the extent to which Defendants’ IPO- and post-IPO statements about the Company’s business may have misled investors,” said Hagens Berman partner Reed Kathrein.
PriceSmart, Inc. (NASDAQ: PSMT)
Class Period: October 26, 2017 - October 25, 2018
Lead Plaintiff Deadline: July 22, 2019
Date Filed: May 22, 2019
Phone: 510-725-3000
Email: PSMT@hbsslaw.com
For more information: https://www.hbsslaw.com/cases/PSMT
According to the complaint, Defendants misled investors by concealing material weaknesses in PriceSmart’s internal controls over financial reporting. More specifically, Defendants admittedly overstated the Company’s cash and cash equivalent balances during the three, six and nine month periods ended November 30, 2017, February 28, 2018, and May 31, 2018.
“We’re focused on investors’ losses, management’s statements about PriceSmart’s immediate sources of liquidity, circumstances surrounding the CEO’s abrupt departure during October 2018, and whether investors may have been misled,” said Hagens Berman partner Reed Kathrein.
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Contact:
Reed Kathrein, 510-725-3000