SAN DIEGO, June 23, 2018 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP is investigating potential claims
against Veevo Instruments Inc., Insys Therapeutics, Inc., TAL
Education Group and Newell Brands Inc., as detailed below:
Veevo Instruments Inc.(VECO)
Johnson Fistel, LLP is
investigating potential violations of the federal and state
securities laws on behalf of former stockholders of Ultratech, Inc.
("Ultratech"). Former investors, who held shares of Ultratech and
received Veevo Instruments Inc. (NASDAQ: VECO) ("Veevo ") shares
resulting from the takeover, might have certain legal options.
If you held shares of Ultratech and received Veevo
shares resulting from the takeover, and you are interested
in learning more about the investigation or your legal rights and
remedies, please contact Jim Baker
(jimb@johnsonfistel.com) by email or by phone at 619-814-4471.
If you email, please include your phone number.
Insys Therapeutics, Inc. (INSY)
Johnson Fistel, LLP is
investigating potential violations of the federal and state
securities laws by Insys Therapeutics, Inc. (NASDAQ: INSY)
("Insys") and certain of its officers.
Last year, a Securities Class Action Complaint was filed on
behalf of those who purchased securities of Insys between
May 7, 2015 and March 15, 2017. The complaint alleges that
Defendants sought to conceal the Company's declining revenues from
Subsys, its exclusive source of revenue, in the face of intense
regulatory scrutiny and resulting withdrawal of Insys's primary
customers – third-party government payers and private insurance
companies. On June 12, 2018,
Judge Paul A. Crotty denied Insys's
motion to dismiss.
If you have held Insys shares continuously
before May 7, 2015, you
may have standing to hold Insys harmless from the damage the
officers and directors caused by making them personally
responsible. You may also be able to assist in reforming the
Company's corporate governance to prevent future wrongdoing.
If you are an Insys shareholder continuously holding
shares before May 7, 2015, and are
interested in learning more about your legal rights and remedies,
please contact Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If you email, please
include your phone number.
TAL Education Group (TAL)
Shareholder Rights Law Firm Johnson Fistel, LLP announces that a
class action lawsuit has commenced on behalf of persons or entities
who purchased or otherwise acquired securities of TAL Education
Group (NYSE: TAL) ("TAL").
A Securities Class Action Complaint was filed on behalf of those
who purchased securities of TAL between April 26, 2018 and June
13, 2018. According to the lawsuit, throughout the class
period Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (1) the Company
overstated its net income; (2) the Company's net income was
deteriorating; and (3) as a result of the foregoing, Defendants'
statements about TAL's business, operations, and prospects, were
materially false and/or misleading and/or lacked a reasonable
basis.
On June 13, 2018, Muddy Waters
website published a report alleging that TAL has been fraudulently
overstating its profits since at least the fiscal year 2016. On
this news, shares of TAL Education fell from a close of
$45.65 on June
12, 2018, to a close of $38.74
on June 15, 2018.
Shareholders have until August 17,
2018, to petition the court for lead plaintiff
status. Your capability and right to share in any recovery doesn't
entail that you serve as a lead plaintiff. There is no cost or
obligation to you.
If you are interested in learning more about your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If you
email, please include your phone number.
Newell Brands Inc. (NWL)
Shareholder Rights Law Firm Johnson Fistel, LLP announces that a
class action lawsuit has commenced on behalf of persons or entities
who purchased or otherwise acquired securities of Newell Brands
Inc. ("Newell") (NYSE: NWL) common
stock during the period between February 6,
2017 and January 24, 2018,
inclusive (the "Class Period").
According to the lawsuit, during the Class Period, defendants
made materially false and misleading statements and failed to
disclose adverse information regarding Newell's business and prospects. Specifically,
defendants misrepresented and/or failed to disclose the following
adverse facts, among others: (i) the Company's retail channel was
loaded with extremely high levels of unsold Newell product; (ii) contrary to defendants'
representations, the build-up of Newell inventory in the retail channel was due
to Company-specific rather than macroeconomic reasons; (iii) as a
result of the unusually high levels of unsold inventory in the
retail channel, Newell was exposed
to a heightened risk that it would experience slower sales growth
in future periods; and (iv) undisclosed managerial and cultural
differences in the legacy Newell
and Jarden businesses had created significant internal discord that
was having a material adverse effect on the Company's operating
performance. As a result of defendants' failure to disclose this
adverse information, the price of Newell common stock was artificially inflated
during the Class Period to more than $55.00 per share.
Shareholders have until August 20,
2018, to petition the court for lead plaintiff
status. Your capability and right to share in any recovery doesn't
entail that you serve as a lead plaintiff. There is no cost or
obligation to you.
If you are a long-term shareholder of Newell continuously holding shares
before February 6, 2017,
you may have standing to hold Newell harmless from the damage the officers
and directors caused by making them personally responsible. You may
also be able to assist in reforming the Company's corporate
governance to prevent future wrongdoing.
If you are interested in learning more about your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If you
email, please include your phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP