NEW YORK, NY / ACCESSWIRE / August 8, 2020 / Pomerantz LLP is investigating claims on behalf of investors of J2 Global, Inc. (“J2 Global” or the “Company”) (NASDAQ:JCOM). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether J2 Global and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 30, 2020, Hindenburg Research published a report (the “Hindenburg Report”) asserting that J2 Global had, among other issues: (i) failed to disclose questionable transactions with related parties; (ii) utilized misleading accounting to hide underperformance and impending impairments; and (iii) failed to disclose a lack of board independence.
Following the publication of the Hindenburg Report, J2 Global’s stock price fell $6.29 per share, or 9.05%, to close at $63.21 per share on June 30, 2020.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP
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