Wells Fargo & Company

According to the Complaint, the Company made false and misleading statements to the market. Wells Fargo overstated its commitment to diverse hiring. The Company engaged in a scheme of faking candidate interviews to meet its “Diverse Search Requirement.” This scheme exposed the Company to risk of governmental action including potential criminal charges. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Wells Fargo, investors suffered damages.

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Inotiv, Inc.

According to the Complaint, the Company made false and misleading statements to the market. The Cumberland, Virginia facility (the “Cumberland Facility”) of Inotiv and Envigo RMS, LLC (“Envigo”) suffered from common and extensive violations of the Animal Welfare Act (“AWA”). The Company’s Cumberland Facility violated the AWA on a continuous and ongoing basis. The Company failed to remedy the serious problems with animal welfare at the Cumberland Facility. The Company was likely to face governmental scrutiny and potential action over the AWA violations. The Company would subsequently shut down the Cumberland Facility. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Inotiv, investors suffered damages.

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Yext, Inc.

According to the Complaint, the Company made false and misleading statements to the market. Yext suffered from poor sales execution, which impacted its revenues and earnings at the same time as COVID-19 disrupted its business. The Company was unlikely to produce results equivalent to the consensus estimates for its fiscal year 2022 financial results and outlook for 2023. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Yext, investors suffered damages.

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Unilever PLC

According to the Complaint, the Company made false and misleading statements to the market. Unilever failed to disclose the fact that in July 2020, the board of Ben & Jerry’s, a Unilever subsidiary, passed a resolution to end the sales of its ice cream in what it labeled “Occupied Palestinian Territory.” The Company also failed to disclose the risks associated with this decision to investors. The Company claimed to comply with all applicable laws and regulations, but failed to discuss the Ben & Jerry’s decision, which risked violations of laws, executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel adopted by 35 U.S. states (“Anti-BDS Legislation”). Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Unilever, investors suffered damages.

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Tupperware Brands Corporation

According to the Complaint, the Company made false and misleading statements to the market. Tupperware suffered from business challenges making it difficult to maintain revenues and profitability. These problems left the Company’s full year 2022 guidance as unrealistic. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Tupperware, investors suffered damages.

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Waste Management, Inc.

According to the Complaint, the Company made false and misleading statements to the market. Waste Management was aware that the DOJ would require it to divest assets well beyond the $200 million Antitrust Revenue Threshold. The Company’s merger with Advanced Disposal Services would not be completed by the End Date. Due to these facts, holders of the Notes would face a mandatory redemption at 101% of par. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Waste Management, investors suffered damages.

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Energy Transfer LP

According to the Complaint, the Company made false and misleading statements to the market. Energy Transfer failed to maintain appropriate controls to prevent contractors from engaging in illegal drilling activities. The Company, through its Rover Pipeline, LLC (“Rover”) subsidiary, hired a third-party contractor for a drilling project who caused major pollution near the Tuscarawas River resulting in a major release of polluted materials on April 13, 2017. The Company downplayed its liability following the release of pollution despite regular updates on FERC’s investigation of the incident. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Energy Transfer, investors suffered damages.

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Verrica Pharmaceuticals Inc.

According to the Complaint, the Company made false and misleading statements to the market. Verrica suffered from manufacturing problems at its contract manufacturer’s facility during bulk production of its lead product candidate, VP-102. These deficiencies had not been successfully remediated when the Company resubmitted its NDA for VP-102 to the FDA. This failure was likely to impact the chances of regulatory approval for the Company’s product candidate. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Verrica, investors suffered damages.

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Apyx Medical Corporation

According to the Complaint, the Company made false and misleading statements to the market. Apyx’s Advanced Energy products were frequently used for off-label indications, representing a significant portion of its sales. These off-label uses led to an increase in the number of adverse event reports filed by the Company. This was likely to lead to regulatory scrutiny. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Apyx, investors suffered damages.

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Digital Turbine, Inc.

According to the Complaint, the Company made false and misleading statements to the market. Digital Turbine’s recent acquisitions including AdColony and Fyber are agents in certain product lines. Revenue for these product lines should be reported as not of license fees and revenue share instead of on the basis of gross sales. The Company failed to maintain appropriate internal controls over financial reporting. The Company overstated its net revenues through fiscal year 2022. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Digital Turbine, investors suffered damages.

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