The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of GNUS, UPLCQ and LX
NEW YORK, NY / ACCESSWIRE / September 15, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Genius Brands International, Inc (NASDAQ:GNUS)
Class Period: March 17, 2020 – July 5, 2020
Lead Plaintiff Deadline: October 19, 2020
According to the Genius Brands lawsuit defendants made false and/or misleading statements and/or failed to disclose material information regarding: (i) Nickelodeon’s purported broadcast expansion of Genius’s Rainbow Rangers cartoon; (ii) subscription fees for the Kartoon Channel!; and (iii) the Company’s growth potential and overall prospects as a company.
Learn about your recoverable losses in GNUS: http://www.kleinstocklaw.com/pslra-1/genius-brands-international-inc-loss-submission-form?id=9285&from=1
Ultra Petroleum Corp. (OTC PINK:UPLCQ)
Class Period: April 3, 2017 – August 8, 2019
Lead Plaintiff Deadline: November 2, 2020
The UPLCQ lawsuit alleges that throughout the class period, Ultra Petroleum Corp. made materially false and/or misleading statements and/or failed to disclose that: (a) Ultra’s proved reserves were materially overstated and, therefore, worth hundreds of millions of dollars less than represented; (b) Ultra’s proved undeveloped reserves were of de minimis value because they contained low quality deposits that lacked a commercially viable path to development; (c) Ultra was unable to meet the production and development estimates provided to investors and such estimates lacked a reasonable basis; (d) Ultra was unable to withstand even a modest downturn in the price of natural gas because, inter alia, Ultra’s business had less financial and production flexibility than claimed; and (e) Ultra did not have the technical or financial capabilities or available asset base to sustainably grow its oil and natural gas production by any meaningful amount.
Learn about your recoverable losses in UPLCQ: http://www.kleinstocklaw.com/pslra-1/ultra-petroleum-corp-loss-submission-form?id=9285&from=1
Lexinfintech Holdings, Ltd. (NASDAQ:LX)
Class Period: April 30, 2019 – August 24, 2020
Lead Plaintiff Deadline: November 9, 2020
The complaint alleges Lexinfintech Holdings, Ltd. made materially false and/or misleading statements and/or failed to disclose that: (1) LexinFintech reported artificially low delinquency rates by giving borrowers in default new funds to make payments; (2) the Company’s business model exposes shareholders to enormous losses by prioritizing Chinese lenders for off-balance sheet loans; (3) the Company exaggerated its user base; (4) the Company was facilitating direct peer to peer lending contrary to Chinese law; (5) the Company engaged in undisclosed related party transactions; (6) the Company lacked adequate internal controls; and (7) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Learn about your recoverable losses in LX: http://www.kleinstocklaw.com/pslra-1/lexinfintech-holdings-ltd-loss-submission-form?id=9285&from=1
Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
New York, NY 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
SOURCE: The Klein Law Firm
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