SHAREHOLDER ALERT: ARDX LIVE HNST: Vincent Wong Law Firms Remind Investors of Important Class Action Deadlines | 2021-09-17 | Press Releases
NEW YORK, NY / ACCESSWIRE / September 17, 2021 / Vincent Wong’s law firms announce that class actions have been initiated on behalf of certain shareholders of the following companies. If you have suffered harm, you have until the lead plaintiff deadline to request that the court appoint you lead plaintiff. There will be no obligation or cost to you.
Ardelyx, Inc. (NASDAQ: ARDX)
If you have suffered a loss, contact us at:https://www.wongesq.com/pslra-1/ardelyx-inc-loss-submission-form?prid=19680&wire=1
Lead applicant’s deadline: September 28, 2021
Class period: August 6, 2020 – July 19, 2021
The claims against ARDX include the following: 1) the Company overestimated the likelihood that tenapanor would be approved by the Food and Drug Administration (âFDAâ); and 2) the defendants possessed, controlled and, therefore, knew that the data submitted to support the new drug application were insufficient in that they showed a lack of clinical relevance of the therapeutic effect of the drug. which makes it likely that the FDA would not approve the drug.
Direct Incorporated Businesses (NASDAQ: LIVE)
If you have suffered a loss, contact us at:https://www.wongesq.com/pslra-1/live-ventures-incorporated-loss-submission-form?prid=19680&wire=1
Lead applicant’s deadline: 12 October 2021
Class period: December 28, 2016 – August 3, 2021
The allegations against LIVE include that: 1) Live’s earnings per share for fiscal 2016 were actually only $ 6.33 per share; (2) the Company used an artificially low number of shares to increase earnings per share by 40%; (3) Live had overstated pre-tax earnings for fiscal 2016 by 20% by including $ 915,500 of âother incomeâ related to certain changes that were not negotiated until after the end of the fiscal year; (4) The acquisition of ApplianceSmart by Live was not finalized during the first quarter of 2017; (5) the use of December 30, 2017 as the âacquisition dateâ and the recognition of its income did not comply with generally accepted accounting principles; (6) By falsely stating that the acquisition was completed during the quarter, Live recognized a windfall purchase gain, which allowed the Company to report positive net income in what would otherwise have been a unprofitable quarter; (7) between fiscal 2016 and fiscal 2018, the CEO of Live received approximately 94% more in compensation than was disclosed to investors; and (8) as a result of the foregoing, the Defendants’ positive statements regarding the business, operations and prospects of the Company were substantially misleading and / or lacked reasonable basis.
Honest Company, Inc. (NASDAQ: HNST)
If you have suffered a loss, contact us at:https://www.wongesq.com/pslra-1/the-honest-company-inc-loss-submission-form?prid=19680&wire=1
Lead applicant’s deadline: November 15, 2021
This lawsuit is on behalf of individuals and entities who have purchased or otherwise acquired Honest common stock in accordance with and / or traceable to the registration statement and prospectus issued as part of the Company’s initial public offering in May. 2021.
Allegations against HNST include that: (1) Prior to the initial public offering (âIPOâ), the Company’s results had been significantly affected by a multi-million dollar stockpile of COVID-19 products from the Diapers and wipes and Household and Well-being category; (2) at the time of the IPO, the Company was experiencing a deceleration in demand for these products; (3) as a result, the financial results of the Company would probably be adversely affected; and (4) as a result of the foregoing, the Defendants’ positive statements regarding the business, operations and prospects of the Company were substantially misleading and / or lacked reasonable basis.
For more information, contact Vincent Wong, Esq. either by email email@example.com or by phone at 212.425.1140.
Vincent Wong, Esq. is an experienced lawyer who has represented investors in securities litigation involving financial fraud and violations of shareholder rights. Lawyer advertising. Past results do not guarantee similar results.
Vincent Wong, Esq.
39 Broadway East
New York, New York 10002
THE SOURCE: Vincent Wong’s law firms
See the source version on accesswire.com: