LOS ANGELES, May 27, 2020 (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.
VMware, Inc. (NYSE: VMW)
Class Period: March 30, 2019 – February 27, 2020
Lead Plaintiff Deadline: June 1, 2020
The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) that VMware’s reporting with respect to its backlog of unfilled orders was not in compliance with all relevant accounting and disclosure requirements; (2) that the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny and/or investigation; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Mesa Air Group, Inc (NASDAQ: MESA)
Class Period: Connected with August 2018 IPO
Lead Plaintiff Deadline: June 1, 2020
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose: (1) that Mesa’s operational performance was poor and below industry standards; (2) that Mesa had a shortage of qualified mechanics and maintenance personnel; (3) that Mesa had an inadequate number of spare aircraft and parts; (4) that Mesa did not have a strong track record of reliable performance; (5) that then-existing “risks” had already materialized; (6) that Mesa knew of undisclosed adverse trends and uncertainties at the time of the IPO; and (7) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
Liberty Oilfield Services Inc. (NYSE: LBRT)
Class Period: Connected to January 17, 2018 IPO
Lead Plaintiff Deadline: June 2, 2020
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose: (1) that there was an oversupply in the hydraulic fracturing services market; (2) that the Company's pricing power was weak; (3) that Liberty’s services were not increasing and its competition was not decreasing; and (4) as a result, Defendants’ statements about Liberty’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
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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 learn more about 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, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com