Golar LNG Limited

According to the Complaint, the Company made false and misleading statements to the market. Employees of Golar’s joint venture, Hygo Energy Transition Ltd. (“Hygo”), including Hygo’s CEO, engaged in a scheme to bribe third parties, violating the law. The illegal scheme impacted Hygo’s valuation before its IPO. 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 Golar, investors suffered damages.

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Teva Pharmaceuticals Industries Limited

According to the Complaint, the Company made false and misleading statements to the market. Teva made kickback payments to charities as part of a scheme to cover Medicare co-payments for patients taking Copaxone. A portion of the Company’s Copaxone revenue was derived from this illegal scheme. 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 Teva, investors suffered damages.

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NextCure, Inc.

According to the Complaint, the Company made false and misleading statements to the market. NextCure made numerous misleading statements about its treatment candidate, NC318. The Company misled the market on NC318’s effectiveness and patient responses to the candidate, among other things. 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 NextCure, investors suffered damages.

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Fluidigm Corporation

According to the Complaint, the Company made false and misleading statements to the market. Fluidigm suffered from long sales cycles. The Company’s lengthening sales cycles were likely to negatively impact its revenue negatively. 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 Fluidigm, investors suffered damages.

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Wrap Technologies, Inc.

According to the Complaint, the Company made false and misleading statements to the market. Wrap concealed the results of the LAPD pilot program of its BolaWrap product from investors. The pilot program revealed that the Company’s product is ineffective and rarely used in the field. 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 Wrap, investors suffered damages.

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Colony Credit Real Estate, Inc.

According to the Complaint, the Company made false and misleading statements to the market. Colony Credit’s assets suffered from deteriorating credit quality in advance of the Merger. Four of the Company’s loans, totaling $261 million and related to a New York Hotel, were not only impaired, but also suffered from insufficient collateral and were unlikely to be repaid. As a result, assets that were part of the Merger were materially overstated. Based on these facts, the Company’s public statements and Registration Statement were false and materially misleading throughout the Merger period. When the market learned the truth about Colony Credit, investors suffered damages.

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Bank of America Corporation

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Buzzfeed published an investigation of international banking on September 20, 2020, alleging that various financial institutions, including Bank of America, had direct knowledge of serious failures in policies and controls to prevent money laundering. The report alleges that the Company enabled the movement of criminal funds even after raising suspicions. Based on this news, shares of Bank of America fell by more than 4% on September 21, 2020.

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Citigroup Inc.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Buzzfeed published an investigation of international banking on September 20, 2020, alleging that various financial institutions, including Citigroup, had direct knowledge of serious failures in policies and controls to prevent money laundering. The report alleges that the Company enabled the movement of criminal funds even after raising suspicions. Based on this news, shares of Citigroup fell by more than 3% on September 21, 2020.

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The Bank of New York Mellon Corporation

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Buzzfeed published an investigation of international banking on September 20, 2020, alleging that various financial institutions, including Bank of New York Mellon, had direct knowledge of serious failures in policies and controls to prevent money laundering. The report alleges that the Company enabled the movement of criminal funds even after raising suspicions. Based on this news, shares of Bank of New York Mellon fell by more than 5% on September 21, 2020.

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GFL Environmental Inc.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. GFL is the subject of a report issued by Spruce Point Management on August 18, 2020. The report alleges that the Company engages in suspicious activity including “evidence that through his real estate holding company PJD Properties, [CEO Patrick Dovigi] leases office space to GFL,” which was “not properly disclosed to investors.” The report also states that the Company engages in aggressive accounting techniques such as, “restat[ing] both revenue and EBITDA, without explanation, by pulling from “intercompany,” a sign it is minimizing financial issues. Based on this news, shares of GFL dropped over the next two trading sessions.

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