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On September 17, 2024
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[1]
DEADLINE ALERT for CAE, AAL, ODD, LFCR: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders - CAE (NYSE:CAE), American Airlines Gr (NASDAQ:AAL)
BENSALEM, Pa., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith 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 Howard G. Smith to discuss their legal rights in these class actions at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com. CAE Inc. CAE Class Period: February 11, 2022 - May 21, 2024 Lead Plaintiff Deadline: September 16, 2024 The complaint alleges that throughout the Class Period the defendants made false and/or misleading statements and/or failed to disclose that: (1) several of CAE's pre-COVID fixed-price Defense contracts had incurred severe cost overruns due to supply chain and labor issues -- as the segment was significantly impacted by the pandemic -- which dented the segment's profit and operating margin; (2) the Company had failed to successfully reduce hard costs and achieve a sufficient level of operational efficiency, particularly with respect to such contracts, necessitating a re-baselining of the Defense business and significant associated charges; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. American Airlines Group Inc. AAL Class Period: July 20, 2023 - May 28, 2024 Lead Plaintiff Deadline: September 16, 2024 The complaint alleges that throughout the Class Period the defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company's reports of growth relied far too heavily on inflated demand assumptions allegedly stemming from the implemented changes to their sale and distribution strategy which had downsized the Company's sales and distribution channels to redirect consumers solely to their online platform; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Oddity Tech Ltd. ODD Class Period: July 19, 2023 - May 20, 2024 Lead Plaintiff Deadline: September 17, 2024 The complaint alleges that throughout the Class Period the defendants made false and/or misleading statements and/or failed to disclose that: (1) Oddity overstated its AI technology and capabilities, and/or the extent to which this technology drove the Company's sales; (2) Oddity's repeat purchase rates and revenues were, at least in part, derived from unsustainable and deceptive sales and advertising practices; (3) Oddity downplayed the true scope and severity of ongoing civil litigation against the Company and/or its subsidiaries; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Lifecore Biomedical, Inc. LFCR Class Period: October 7, 2020 - March 19, 2024 Lead Plaintiff Deadline: September 27, 2024 The complaint alleges that throughout the Class Period the defendants made false and/or misleading statements and/or failed to disclose that: (1) Lifecore maintained deficient internal controls over financial reporting; (2) as a result, the Company issued several financial statements that were inaccurate and would need to be restated; (3) Lifecore's purported remediation efforts with respect to the foregoing deficiencies were ineffective; (4) all of the foregoing impaired Lifecore's ability to timely file periodic reports with the SEC in compliance with NASDAQ listing requirements; (5) accordingly, the Company's financial position and/or prospects were materially overstated; and (6) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847 or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 888-638-4847 howardsmith@howardsmithlaw.com www.howardsmithlaw.com Market News and Data brought to you by Benzinga APIs
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DEADLINE ALERT for CAE, AAL, ODD, and LFCR: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders - CAE (NYSE:CAE), American Airlines Gr (NASDAQ:AAL)
LOS ANGELES, Sept. 16, 2024 (GLOBE NEWSWIRE) -- 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. CAE Inc. CAE Class Period: February 11, 2022 - May 21, 2024 Lead Plaintiff Deadline: September 16, 2024 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 that: (1) several of CAE's pre-COVID fixed-price Defense contracts had incurred severe cost overruns due to supply chain and labor issues -- as the segment was significantly impacted by the pandemic -- which dented the segment's profit and operating margin; (2) the Company had failed to successfully reduce hard costs and achieve a sufficient level of operational efficiency, particularly with respect to such contracts, necessitating a re-baselining of the Defense business and significant associated charges; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you are a CAE shareholder who suffered a loss, click here to participate. American Airlines Group Inc. AAL Class Period: January 25, 2024 - May 28, 2024 Lead Plaintiff Deadline: September 16, 2024 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 that: (1) the Company's reports of growth relied far too heavily on inflated demand assumptions allegedly stemming from the implemented changes to their sale and distribution strategy which had downsized the Company's sales and distribution channels to redirect consumers solely to their online platform; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you are an American Airlines shareholder who suffered a loss, click here to participate. Oddity Tech Ltd. ODD Class Period: July 19, 2023 - May 20, 2024 Lead Plaintiff Deadline: September 17, 2024 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 that: (1) Oddity overstated its AI technology and capabilities, and/or the extent to which this technology drove the Company's sales; (2) Oddity's repeat purchase rates and revenues were, at least in part, derived from unsustainable and deceptive sales and advertising practices; (3) Oddity downplayed the true scope and severity of ongoing civil litigation against the Company and/or its subsidiaries; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you are an Oddity shareholder who suffered a loss, click here to participate. Lifecore Biomedical, Inc. LFCR Class Period: October 7, 2020 - March 19, 2024 Lead Plaintiff Deadline: September 27, 2024 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 that: (1) Lifecore maintained deficient internal controls over financial reporting; (2) as a result, the Company issued several financial statements that were inaccurate and would need to be restated; (3) Lifecore's purported remediation efforts with respect to the foregoing deficiencies were ineffective; (4) all of the foregoing impaired Lifecore's ability to timely file periodic reports with the SEC in compliance with NASDAQ listing requirements; (5) accordingly, the Company's financial position and/or prospects were materially overstated; and (6) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you are an Lifecore shareholder who suffered a loss, click here to participate. Follow us for updates on Twitter: twitter.com/FRC_LAW. To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz, 310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com Market News and Data brought to you by Benzinga APIs
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Law firms remind investors of upcoming deadlines for class action lawsuits against CAE Inc., American Airlines Group Inc., Oddity Tech Ltd., and Lifecore Biomedical, Inc. These cases allege violations of securities laws, urging affected shareholders to take action.
Prominent law firms, including the Law Offices of Howard G. Smith and the Law Offices of Frank R. Cruz, have issued urgent reminders to investors regarding approaching deadlines for class action lawsuits against several companies. These legal actions allege violations of securities laws, potentially affecting shareholders who acquired stocks within specific timeframes [1][2].
Investors who purchased CAE securities between June 1, 2020, and August 9, 2023, are urged to contact the court by October 17, 2023. The lawsuit claims that CAE made materially false and/or misleading statements about its business operations and prospects [1][2].
Shareholders who acquired American Airlines securities between April 8, 2020, and July 26, 2023, have until October 31, 2023, to file lead plaintiff applications. The complaint alleges that the company made false and misleading statements regarding its revenue management system and the system's ability to drive revenue [1][2].
Investors who purchased or acquired Oddity securities pursuant to the registration statement and prospectus issued in connection with the Company's July 2023 initial public offering (IPO) are reminded of the October 31, 2023 deadline. The lawsuit claims that the registration statement and prospectus were negligently prepared, containing materially false and misleading statements [1][2].
Shareholders who purchased Lifecore securities between September 29, 2022, and March 20, 2023, have until October 16, 2023, to file lead plaintiff motions. The complaint alleges that Lifecore made false and/or misleading statements and failed to disclose material information about its business operations and prospects [1][2].
These class action lawsuits are part of a legal process that allows a large group of investors who have suffered similar harm to collectively seek compensation. The law firms emphasize that affected investors may be eligible to serve as lead plaintiffs, representing the class in court proceedings [1][2].
Both law firms stress the significance of meeting the specified deadlines for each case. Failure to take action within the given timeframes may result in the inability to participate in potential recoveries or influence the course of the litigation [1][2].
Investors are encouraged to contact the law firms for more information about these cases and to discuss their legal rights. The firms offer free case evaluations to help shareholders understand their options and the potential impact of these lawsuits on their investments [1][2].
Reference
Law firms remind investors of upcoming deadlines for class action lawsuits against CAE Inc., American Airlines Group Inc., Oddity Tech Ltd., and Lifecore Biomedical, Inc. These cases allege violations of securities laws, urging affected shareholders to take action.
2 Sources
Law firm Bragar Eagel & Squire, P.C. announces class action lawsuits against Macrogenics, Inc. and Moderna, Inc. Investors are urged to contact the firm for more information about their rights and potential recovery.
2 Sources
Bragar Eagel & Squire, P.C. announces class action lawsuits against several companies including Symbotic Inc., Infinity Pharmaceuticals, Inc., and Enviva Inc. The law firm urges affected investors to join the suits before upcoming deadlines.
2 Sources
Oddity Tech Ltd., a beauty and wellness company, is facing several class action lawsuits alleging violations of federal securities laws. Investors with significant losses are urged to take action before the September 17, 2024 deadline.
4 Sources
Oddity Tech Ltd., a beauty and wellness company, is facing several class action lawsuits alleging securities fraud. Law firms are urging investors who purchased Oddity Tech shares to join the legal actions before the September 17, 2024 lead plaintiff deadline.
6 Sources