Class Action Deadline: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Against Clarivate Plc | national news
RADNOR, Pa., February 12, 2022 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) advises investors that a class action securities lawsuit has been filed against Clarivate Plc (“Clarivate”) (NYSE: CLVT; CLVT-PA). The suit accuses Clarivate of violations of federal securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. Due to Clarivate’s materially misleading statements to the public, Clarivate’s investors suffered significant losses.
Kessler Topaz is one of the world’s foremost advocates for protecting the public from corporate fraud and other wrongdoing. Our securities fraud litigants are consistently individually recognized as leaders in the field and our firm is both feared and respected within the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
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CLICK HERE TO SUBMIT YOUR CLARIVED LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE INTO YOUR BROWSER: https://www.ktmc.com/clarivate-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=clarivate
PRINCIPAL APPLICANT DEADLINE: March 25, 2022
COURSE PERIOD: February 26, 2021 through December 27, 2021
CONTACT A LAWYER TO DISCUSS YOUR RIGHTS: James Maro, Esq. (484) 270-1453 or by email at firstname.lastname@example.org
ALLEGED MISCONDUCT BY CLARIVATE
Clarivate Plc is an information and analytical services company that provides structured information and analysis for the discovery, protection and commercialization of scientific research, innovations and brands.
At December 27, 2021Clarivate disclosed in an SEC filing that “[o]not December 22, 2021, To clarify . . . concluded that the financial statements previously issued as of and for the year ended December 31, 2020and quarterly periods ended March 31, 2021, June 30, 2021and September 30, 2021should no longer be relied upon due to an error in these financial statements[.]”Specifically, Clarivate revealed that”[t]The error relates to the treatment under generally accepted accounting principles in the United States (“GAAP”) relating to a share plan included in the business combination of CPA Global which was consummated on October 1, 2020 (“the CPA Global Transaction”)[,]” and that “[i]In the relevant financial statements, certain awards made by CPA Global under its stock ownership plan were incorrectly included as part of the acquisition accounting for the CPA Global transaction. »
Following this news, Clarivate’s share price fell by $1.70 per share, or 6.92%, to close at $22.88 per share on December 28, 2021.
WHAT CAN I DO?
To clarify investors can not later than March 25, 2022 seek to be appointed as the lead plaintiff representing the class by Kessler Topaz Meltzer & Check, LLP or another attorney, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages Clarivate investors who have suffered significant losses to contact the company directly for more information.
CLICK HERE TO REGISTER FOR THE CASE
WHO CAN BE A PRINCIPAL APPLICANT?
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead applicant is usually the investor or small group of investors who have the greatest financial interest and who are also adequate and typical of the category of investors proposed. The lead plaintiff chooses an attorney to represent the lead plaintiff and the class and those attorneys, if approved by the court, are the lead or class attorneys. Your ability to participate in any collection is not affected by whether or not to serve as lead plaintiff.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP pursues class action lawsuits in state and federal courts nationwide and around the world. The company has developed a worldwide reputation for excellence and has recovered billions of dollars for victims of fraud and other malpractice. All of our work is guided by a common goal: to protect investors, consumers, employees and others from fraud, abuse, corporate and fiduciary misconduct and negligence. In the end, we were successful if the bad guys pay and you get your assets back. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, Pennsylvania 19087
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SOURCE Kessler Topaz Meltzer & Check, LLP
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