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Articles Posted in Class Action

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Silver Law Group is investigating Sonim Technologies, Inc. (SONM), a publicly-traded mobile phone company, for possible violations of federal securities laws. Sonim Technologies Issues Revised Financial Guidance On September 10, 2019, Sonim announced updated guidance for fiscal 2019 which stated that its net revenue would be lower than 2018 net revenues of $135.7 million. The company noted new product launch delays and software issues with the new products as reasons for the revised financial guidance. Sonim also announced that its CFO was leaving the company.Silver Law Group is investigating Sonim Technologies, Inc. (SONM), a publicly-traded mobile phone company, for possible violations of federal securities laws.

Sonim Technologies Issues Revised Financial Guidance

On September 10, 2019, Sonim announced updated guidance for fiscal 2019 which stated that its net revenue would be lower than 2018 net revenues of $135.7 million. The company noted new product launch delays and software issues with the new products as reasons for the revised financial guidance. Sonim also announced that its CFO was leaving the company. Continue reading ›

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Maxar Technologies Ltd (MAXR), a publicly-traded space technology company, is the subject of a class action lawsuit filed on behalf of investors who lost money investing in the company. If you lost money in Maxar Technologies or DigitalGlobal, we would like to talk to you. MDA DigitalGlobe Merger Maxar Technologies was created in October, 2017 with the merging of DigitalGlobe and MDA Holdings.Maxar Technologies Ltd (MAXR), a publicly-traded space technology company, is the subject of a class action lawsuit filed on behalf of investors who lost money investing in the company. If you lost money in Maxar Technologies or DigitalGlobe, we would like to talk to you.

MDA DigitalGlobe Merger

Maxar Technologies was created in October, 2017 with the merging of DigitalGlobe and MDA Holdings. Continue reading ›

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CannTrust (CTST), a publicly-traded producer of medical and recreational cannabis in Canada, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company. On July 8, 2019, news broke that CannTrust was growing cannabis in a greenhouse in Pelham, Ontario where regulatory approval was still pending. Holds were placed on the company’s inventory, and CannTrust says this will cause a product shortage. Analysts downgraded the stock.CannTrust (CTST), a publicly-traded producer of medical and recreational cannabis in Canada, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company.

On July 8, 2019, news broke that CannTrust was growing cannabis in a greenhouse in Pelham, Ontario where regulatory approval was still pending. Holds were placed on the company’s inventory, and CannTrust says this will cause a product shortage. Analysts downgraded the stock. Continue reading ›

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Oasmia Pharmaceutical AB (OASM), a publicly-traded company that develops, manufactures, and sells cancer-treating drugs, is being investigated for potential violations of federal securities laws. After market close on July 9, 2019, Oasmia announced that it had terminated its “engagement and cooperation” agreement with former executive chairman Julian Aleksov after a tax audit revealed missing money related to suspicious transactions between Oasmia and companies controlled by Aleksov and his former father-in-law.Oasmia Pharmaceutical AB (OASM), a publicly-traded company that develops, manufactures, and sells cancer-treating drugs, is being investigated for potential violations of federal securities laws.

Oasmia Terminates Relationship With Executive Chairman

After market close on July 9, 2019, Oasmia announced that it had terminated its “engagement and cooperation” agreement with former executive chairman Julian Aleksov after a tax audit revealed missing money related to suspicious transactions between Oasmia and companies controlled by Aleksov and his former father-in-law. Continue reading ›

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Owners of Conagra Brands stock (CAG) are suing the packaged foods giant, alleging they were tricked into approving their nearly $11 billion acquisition of Pinnacle Foods. Conagra, which is a component of the S&P 500, announced that it would acquire Pinnacle Foods in June, 2018. CEO Sean Connolly publicly assured investors that Conagra had done its due diligence into Pinnacle, which owns brands such as Birds Eye and Duncan Hines, and said that the two companies were a natural fit for each other.Owners of Conagra Brands stock (CAG) are suing the packaged foods giant, alleging they were tricked into approving their nearly $11 billion acquisition of Pinnacle Foods.

Conagra Justifies Acquisition Of Pinnacle Foods

Conagra, which is a component of the S&P 500, announced that it would acquire Pinnacle Foods in June, 2018. CEO Sean Connolly publicly assured investors that Conagra had done its due diligence into Pinnacle, which owns brands such as Birds Eye and Duncan Hines, and said that the two companies were a natural fit for each other. Continue reading ›

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Pyxus International, Inc. (PYX), a publicly-traded tobacco and vaporizer company, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company. Investors who purchased shares of Pyxus between June 7, 2018 and November 8, 2018 (the class period) may be eligible to participate in the lawsuit, which concerns violations of federal securities laws.Pyxus International, Inc. (PYX), a publicly-traded tobacco and vaporizer company, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company.

Pyxus Class Period And Lead Plaintiff Deadline

Investors who purchased shares of Pyxus between June 7, 2018 and November 8, 2018 (the class period) may be eligible to participate in the lawsuit, which concerns violations of federal securities laws. Continue reading ›

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Ascena Retail Group, Inc. (ASNA), a publicly-traded women’s clothing retailer that owns brands such as Ann Taylor, Dress Barn, and Lane Bryant, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company. Investors who purchased shares of Ascena between September 16, 2015 and June 8, 2017 (the class period) may be eligible to participate in the lawsuit, which concerns violations of federal securities laws.Ascena Retail Group, Inc. (ASNA), a publicly-traded women’s clothing retailer that owns brands such as Ann Taylor, Dress Barn, and Lane Bryant, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company.

Ascena Class Period And Lead Plaintiff Deadline

Investors who purchased shares of Ascena between September 16, 2015 and June 8, 2017 (the class period) may be eligible to participate in the lawsuit, which concerns violations of federal securities laws. Continue reading ›

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Hecla Mining Company (HL), a publicly-traded silver and precious metals mining company, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company. Investors who purchased shares of CBL between March 19, 2018 and May 8, 2019 (the class period) may be eligible to participate in the lawsuit, which concerns violations of federal securities laws.Hecla Mining Company (HL), a publicly-traded silver and precious metals mining company, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company.

Hecla Class Period And Lead Plaintiff Deadline

Investors who purchased shares of CBL between March 19, 2018 and May 8, 2019 (the class period) may be eligible to participate in the lawsuit, which concerns violations of federal securities laws. Continue reading ›

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CBL & Associates Properties, Inc. (CBL), a publicly-traded real estate investment trust that invests in shopping centers, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company. Investors who purchased shares of CBL between November 8, 2017 and March 26, 2019 (the class period) may be eligible to participate in the lawsuit, which concerns violations of federal securities laws.CBL & Associates Properties, Inc. (CBL), a publicly-traded real estate investment trust that invests in shopping centers, is the subject of a class action lawsuit filed on behalf of shareholders who lost money investing in the company.

CBL Class Period And Lead Plaintiff Deadline

Investors who purchased shares of CBL between November 8, 2017 and March 26, 2019 (the class period) may be eligible to participate in the lawsuit, which concerns violations of federal securities laws. Continue reading ›

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A class action lawsuit has been filed against RCI Hospitality Holdings, Inc. (RICK), a publicly-traded company that operates strip clubs and nightclubs, for alleged violations of federal securities law. Investors who purchased shares in the company between August 10, 2017 and May 10, 2019 may be eligible to participate in the lawsuit.A class action lawsuit has been filed against RCI Hospitality Holdings, Inc. (RICK), a publicly-traded company that operates strip clubs and nightclubs, for alleged violations of federal securities law.

Investors who purchased shares in the company between August 10, 2017 and May 10, 2019 may be eligible to participate in the lawsuit. Continue reading ›

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