NEW YORK, NY / ACCESSWIRE / July 2, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.
Carnival Corporation & Plc (CCL)
If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/carnival-corporation-loss-submission-form?prid=7735&wire=1
Lead Plaintiff Deadline: July 27, 2020
Class Period: September 26, 2019 – May 1, 2020
Allegations against CCL include that: (1) the Company’s medics were reporting increasing events of COVID-19 illness on the Company’s ships; (2) Carnival was violating port of call regulations by concealing the amount and severity of COVID-19 infections on board its ships; (3) in responding to the outbreak of COVID-19, Carnival failed to follow the Company’s own health and safety protocols developed in the wake of other communicable disease outbreaks; (4) by continuing to operate, Carnival ships were responsible for continuing to spread COVID-19 at various ports throughout the world; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Forescout Technologies, Inc. (FSCT)
If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/forescout-technologies-inc-loss-submission-form-2?prid=7735&wire=1
Lead Plaintiff Deadline: August 10, 2020
Class Period: February 6, 2020 – May 15, 2020
Allegations against FSCT include that: (1) Forescout was experiencing a significant and disproportionate decline in its financial performance; (2) the foregoing was reasonably likely to have a material negative impact on Forescout’s planned acquisition by Advent International Corp.; and (3) as a result of the foregoing, defendants’ statements about its business and operations were materially false and misleading at all relevant times.
Casper Sleep Inc. (CSPR)
If you suffered a loss, contact us at http://www.wongesq.com/pslra-1/casper-sleep-inc-loss-submission-form?prid=7735&wire=1
Lead Plaintiff Deadline: August 18, 2020
in or traceable to the Company’s public offering conducted on or around February 7, 2020.
Allegations against CSPR include that: (1) Casper’s profit margins were actually declining, rather than growing; (2) Casper was changing an important distribution partner, costing it 130 basis points of gross margin in the first quarter of 2020 alone; (3) Casper was holding a glut of old and outdated mattress inventory that it was selling at steeply discounted clearance prices, further impairing the Company’s profitability; (4) Casper was suffering accelerating losses, further placing its ability to achieve positive cash flows and profitability out of reach; (5) Casper’s core operations were not profitable, but were causing the Company to suffer over $40 million in negative cash flows during the first quarter of 2020 alone and doubling its quarterly net loss year over year; (6) as a result of the foregoing, Casper’s ability to achieve profitability, implement its growth initiatives, and expand internationally had been misrepresented in the documents issued in connection with Casper’s initial public offering, as the Company needed to shutter its European operations, halt all international expansion, jettison over one fifth of its global corporate workforce, and significantly curtail new store openings in order to avoid an imminent cash and liquidity crisis, let alone achieve positive operating cash flows; and (7) as a result of the foregoing, Casper’s revenue growth rate was not sustainable and had not positioned the Company to achieve profitability.
To learn more, contact Vincent Wong, Esq. either via email [email protected] or by telephone at 212.425.1140.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
E-Mail: [email protected]