Type: Securities Fraud case filed

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.

According to the Complaint, the Company made false and misleading statements to the market. TG Therapeutics was engaged in cleaning the data collected from its UNITY-CLL study, which gave it an understanding of the efficacy of the combination therapy. Based on that understanding, the Company knew the study had failed to reach its goals, and therefore knew it would not be able to seek accelerated approval. 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 TG Therapeutics, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Several types of lasers from Applied Optoelectronics were prone to fail prematurely. These laser failures in turn negatively affected the Company’s transceivers. 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 Applied Optoelectronics, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Hasbro’s relationship with Toys “R” Us became an increasingly critical component of the Company’s business, but at the same time, Toys “R” Us was in a much worse financial condition than was generally known or publicly reported. Hasbro was also experiencing undisclosed sales issues in both the United Kingdom and Brazil. 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 Hasbro, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Chegg failed to build sufficient security protocols to protect user data. The Company also lacked internal controls to detect unauthorized access of its systems and data. As a result of these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Chegg, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. The SEC filed a lawsuit against a former MGT Capital officer and others alleging a pump & dump scheme to artificially drive up the price of the Company’s stock price. The management of MGT Capital was influenced by the scheme, ultimately resulting in the Company’s stock being delisted by the New York Stock Exchange. 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 MGT Capital, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Alnylam overstated the efficacy of its Onpattro (patisiran) lipid complex injection, and also inflated the safety of the treatment. 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 Alnylam, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. PPDAI engaged in predatory lending practices, saddling low-income borrowers with debt and interest payments they could not repay. Many of the Company’s customers were using PPDAI loans to pay off other loans, raising the risk of default. PPDAI suffered from increasing delinquency rates, hurting the Company’s reserves. PPDAI was also providing online loans to college students, ignoring a government ban on the practice. At the same time, the Company engaged in improper collection practices. Based on these facts, the Company’s public statements at the time of its IPO were false and materially misleading. When the market learned the truth about PPDAI, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Specifically, Cronos’ distribution agreements with provinces of Canada were insignificant. The company’s positive statements about the business and its operations were materially false and misleading throughout the class period.  When the market learned the truth about Cronos, investors suffered damages.

According to the Complaint, the Company made false and misleading statements to the market. Microchip promised hundreds of millions in savings and synergies based on its acquisition of Microsemi Corp. Despite those promises, the Company disclosed on August 9, 2018, that its due diligence of Microsemi was insufficient. Based on this news, shares of Microchip fell almost 11% on August 10, 2018. When the market learned the truth about Microchip, investors suffered damages.