Type: Securities Fraud case filed

According to the Complaint, the Company made false and misleading statements to the market. Ferroglobe faced an excess supply of its products in the market at the same time as demand for the products was declining. This caused pricing for the Company’s products to be materially impacted. Base on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Ferroglobe, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Activision Blizzard’s termination of its partnership with Bungie Inc., which would give full publishing rights for the Destiny gaming franchise to Bungie, was about to occur. The end of the agreement between the two Companies was likely to have a considerable negative impact on Activision Blizzard’s revenues moving forward. Based on these facts, the Company’s public statements throughout the class period were false and materially misleading. When the market learned the truth about Activision Blizzard, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Micron was informed by the Chinese State Administration for Market Regulation that it was investigating producers of dynamic random-access memory (“DRAM”) chips, including Micron, for collusion and other anti-competitive practices. The Chinese investigators have found “massive evidence” of anti-competitive behavior undertaken by Micron. The Company has engaged in a price-fixing scheme with Samsung Electronics and SK Hynix. 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 Micron, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. MINDBODY and other defendants devised a scheme to artificially suppress the value of the Company’s stock in advance of Vista’s merger offer. The Company’s scheme included the negative guidance it issued on November 6, 2018. The merger offer included a “goshop” provision to prevent superior offers from other organizations. Based on Vista’s request, the Company did not release its favorable fourth quarter 2018 results. Based on these facts, the merger price was not fair, and opinions on its fairness were based on incomplete information. When the market learned the truth about MINDBODY, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Markel’s subsidiaries failed to record loss reserves as appropriate. This failure would cause the Company to have to restate or adjust its loss reserves. This misleading accounting also opened up the Company to the risk of 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 Markel, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Wayfair suffered from diminishing demand for its online products and compensated by increased advertisers to drive sales. The Company was about one-third of the way through the third quarter of 2018 when it announced its second-quarter results, and by that time had already dramatically increased its advertising spending for the quarter. 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 Wayfair, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Snap’s user growth as reported by the company to the market was false and materially misleading. In fact, the Company faced a lawsuit from a former employee that alleged he was fired “after three weeks on the job for raising questions about allegedly false growth metrics [and] seeking whistleblower protection against retaliation by [the] company.” Based on these facts, the Company’s statements were false and materially misleading throughout the IPO and class period. When the market learned the truth about Snap, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Perrigo disclosed on December 21, 2018, that the Company received an audit letter from Irish tax authorities which stated in part: “IP sales transactions… including the sale of Tysabri®, were not part of the trade of Elan Pharma and therefore should have been treated as chargeable gains subject to an effective 33% tax rate, rather than the 12.5% tax rate applicable to trading income.” Perrigo had disclosed that it received the audit finding letter on November 8, 2018, but did not disclose the contents of the letter to investors at that time. 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 Perrigo, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Natural Health Trends’ operations in China consisted of a pyramid scheme, contrary to local law. As a result, the Company’s business operations failed to maintain compliance with Chinese laws and regulations. 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 Natural Health Trends, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. DXC Technology changed the focus of its sales organization from specialized teams designed to meet client expectations to a generalized sales team. The Company’s strategy of reducing costs and employee headcount resulted in a shortage of salespeople who could properly represent its products and services, resulting in lost sales opportunities. Based on these facts, the Company’s public statements, including revenue projections and guidance, were false and materially misleading throughout the class period. When the market learned the truth about DXC Technology, investors suffered damages.