Type: Securities Fraud case filed

According to the Complaint, the Company made false and misleading statements to the market. Acadia falsely claimed that its U.K. operations had “competitive strength” in the marketplace, when in fact it was not able to contribute to growth and profitability. In fact, the Company had no basis to believe its own positive guidance. 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 Acadia Healthcare, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. 22nd Century Group’s stock was manipulated by paid stock promoters. This activity subjected the company to heightened scrutiny by the SEC. 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 22nd Century Group, investors suffered damage.

According to the Complaint, the Company made false and misleading statements to the market. Camping World suffered from multiple material weaknesses in its controls on disclosures and financial reporting. Historically, the Company’s financial results had been misstated. Camping World’s profit margins and earnings growth were negatively impacted by integration problems with its Gander Mountain stores. At the same time, the Company’s core RV business experienced slowing growth and loss of market share to competitors. When the market learned the truth about Camping World, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Huazhu failed to create security measures sufficient to protect private customer information. Based on this deficiency, the Company faced risks of litigation, hurting goodwill, and lowered profits. 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 Huazhu, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Google’s systems exposed the personal data of hundreds of thousands of users of the Google+ social media platform. After discovering the breach, the Company actively concealed the facts from investors, users, and the government. Doing so violated the Company’s data privacy and security policies. Discovery of the breach could reasonably result in heightened regulatory attention from the government. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learning the truth about Alphabet, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Trevena was forthright with investors about its April 28, 2016, meeting with the FDA at the end of Phase 2 testing for its drug candidate Oliceridine. The Company described this meeting as much more positive than it actually was. In fact, the FDA did not agree on dosing levels or the Phase 3 trial, and also did not agree on the study’s primary endpoint and other key details of the study. 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 Trevena, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Stitch Fix’s sales growth potential was not as positive as the Company indicated, due to the widespread slowdown of active client growth. The Company ceased advertising on television during the fourth quarter of 2018, further slowing down this growth. 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 Stitch Fix, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Campbell did not disclose trend data that was known to the Company, including trends hindering the profitability of the Campbell Fresh division. Based on that fact, the Company’s public positive statements were false and materially misleading throughout the class period. When the market learned the truth about Campbell, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Adient touted efficiency improvements in its SS&M business, claiming it was “solidly on track” to achieve a 200-basis-point margin improvement by 2020. This business was actually facing significant challenges and was not likely to achieve the margin improvement target. On January 17, 2018, Adient admitted that near-term results were “significantly impacted by SS&M.” Even at that date, the Company claimed the margin improvement plan was still viable. On May 3, 2018, the Company announced an impairment charge related to the SS&M business and finally admitted “the 200 basis points of margin expansion . . . is no longer going to be achievable.” On June 11, 2018, the CEO of Adient suddenly resigned without explanation. Based on these facts, the Company’s statements were false and materially misleading throughout the class period. When the market learned the truth about Adient, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Namaste sold its wholly-owned U.S. subsidiary to Company executives. Because this transaction involved Namaste executives, it was not an arm’s length transaction. Based on these facts, the Company’s statements were false and materially misleading throughout the class period. When the market learned the truth about Namaste, investors suffered damages.