Tag: Cruz

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of HDFC Bank Limited (HDB) Investors

LOS ANGELES, Sept. 28, 2020 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired HDFC Bank Limited (“HDFC Bank” or the “Company”) (NYSE: HDB) securities between July 31, 2019 and July 10, 2020,  inclusive (the “Class Period”). HDFC Bank investors have until November 2, 2020to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On July 13, 2020, media reported that HDFC Bank had “conducted a probe into allegations of improper lending practices and conflicts of interests in its vehicle-financing operations involving the unit’s former head.”

On this news, HDFC Bank’s American depositary receipt price fell $1.37 per share, or nearly 3%, to close at $47.02 per share on July 13, 2020, thereby injuring investors.

The

Read More

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Garrett Motion Inc. (GTX) Investors

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Garret Motion Inc. (“Garrett” or the “Company”) (NYSE: GTX, OTC: GTXMQ) securities between October 1, 2018 and September 18, 2020, inclusive (the “Class Period”). Garrett investors have until November 24, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

Garrett designs, manufactures and sells turbocharger, electric-boosting and connected vehicle technologies for original equipment manufacturers and the aftermarket. In October 2018, the Company formed as a spin-off of the Transportation Systems business of Honeywell International Inc. (“Honeywell”).

On August 26, 2020, before the market opened, the Company disclosed that its “leveraged capital structure poses significant challenges to its overall strategic and financial flexibility and may impair its ability

Read More

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against ProShares Ultra Bloomberg Crude Oil (UCO)

Shareholders with $1,000,000 in losses or more are encouraged to contact the firm

The Law Offices of Frank R. Cruz reminds investors of the upcoming September 28, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased ProShares Ultra Bloomberg Crude Oil (“UCO” or the “Fund”) (NYSEArca: UCO) securities between March 6, 2020 and April 27, 2020, inclusive (the “Class Period”).

If you are a shareholder who suffered a loss, click here to participate.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that extraordinary market volatility caused by decreased demand for oil from the coronavirus pandemic and increased oil supply and diminished oil prices caused

Read More

The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Golar LNG Limited

The Law Offices of Frank R. Cruz announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Zarabi v. Golar LNG Limited, et al., (Case No. 20-cv-07926) on behalf of persons and entities that purchased or otherwise acquired Golar LNG Limited (“Golar” or the “Company”) (NASDAQ: GLNG) securities between April 24, 2020 and September 24, 2020, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who suffered a loss, click here to participate.

On September 24, 2020, media reported that the Chief Executive Officer (“CEO”) of Golar’s joint venture, Hygo Energy Transition Ltd. (“Hygo”), was involved in a bribery network investigated in Brazil’s Operation Car Wash.

On this news, the Company’s share price fell $3.28, or 32%,

Read More

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of NextCure, Inc. (NXTC) Investors

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired NextCure, Inc. (“NextCure” or the “Company”) (NASDAQ: NXTC): (a) securities between November 5, 2019 and July 14, 2020, inclusive (the “Class Period”); and/or (b) common stock pursuant or traceable to the Company’s November 2019 secondary public offering (“SPO” or the “Offering”). NextCure investors have until November 20, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

In November 2019, NextCure completed its SPO, selling over 4 million shares at $36.75 per share.

On January 13, 2020, NextCure disclosed that Eli Lilly and Company had ended its collaboration agreement for the research and development of the Company’s leading product candidate, NC318, a first-in-class immunomedicine targeting the Siglec-15 immunomodulatory

Read More

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Fluidigm Corporation (FLDM) Investors

The MarketWatch News Department was not involved in the creation of this content.

The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Fluidigm Corporation (“Fluidigm” or the “Company”) (NASDAQ: FLDM) securities between February 7, 2019 and November 5, 2019, inclusive (the “Class Period”). Fluidigm investors have until November 20, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On August 1, 2019, Fluidigm reported second quarter 2019 revenue of $28.2 million, well below analysts’ expectations of $32 million, citing weakness in its microfluidics segment.

On this news, the Company’s share price fell $4.10, or 34%, to close at $8.05 per share on August 2, 2019, thereby injuring investors.

Then, on November 5, 2019, after the market closed, Fluidigm reported that third

Read More

The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Alteryx, Inc. (AYX)

LOS ANGELES, Sept. 23, 2020 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that it has filed a class action lawsuit in the United States District Court for the Central District of California captioned Smith v. Alteryx, Inc., et al., (Case No. 20-cv-01540) on behalf of persons and entities that purchased or otherwise acquired Alteryx, Inc. (“Alteryx” or the “Company”) (NYSE: AYX) securities between May 6, 2020 and August 6, 2020, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).

Investors are hereby notified that they have 60 days from the date of this notice to move the Court to serve as lead plaintiff in this action.

If you are a shareholder who suffered a loss, click here to participate.

On August 6, 2020, the Company announced in a press

Read More

DEADLINE ALERT for AYX, STAA, and QTT: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

The MarketWatch News Department was not involved in the creation of this content.

LOS ANGELES, Sep 22, 2020 (GLOBE NEWSWIRE via COMTEX) —
The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com.

Alteryx, Inc. (NYSE: AYX)

Class Period: May 6, 2020 – August 6, 2020

Lead Plaintiff Deadline: October 19, 2020

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically,

Read More

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Portland General Electric Company (POR) Investors

LOS ANGELES, Sept. 22, 2020 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Portland General Electric Company (“PGE” or the “Company”) (NYSE: POR) securities between April 24, 2020 and August 24, 2020, inclusive (the “Class Period”). PGE investors have until November 2, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On August 24, 2020, after the market closed, PGE announced that it had incurred losses of $127 million as of August 24, 2020. PGE further stated that “personnel entered into a number of energy trades during 2020, with increasing volume accumulating late in the second quarter and into the third quarter, resulting in significant exposure to the Company.” In addition, the Company announced

Read More

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Velocity Financial, Inc. (VEL)

LOS ANGELES, Sept. 21, 2020 /PRNewswire/ — The Law Offices of Frank R. Cruz reminds investors of the upcoming September 28, 2020deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Velocity Financial, Inc. (“Velocity” or the “Company”) (NYSE: VEL) securities pursuant and/or traceable to the Registration Statement issued in connection with the Company’s January 2020 initial public offering (“IPO”).

If you are a shareholder who suffered a loss, click here to participate.

In January 2020, Velocity completed its initial public offering (“IPO”), selling 7,250,000 shares at $13 per share and raising approximately $94 million.

On May 13, 2020, the Company announced its financial results for first quarter 2020, the same quarter in which the IPO was conducted. Velocity reported a 50% decrease in net income and disclosed that its loan originations would remain suspended indefinitely, effectively

Read More