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Shareholder Alerts

Our Most recent news, and featured press stories.

Investigation of Waitr Holdings Inc.

Waitr Holdings Inc. (WTRH) Accused of Misleading Shareholders According to the class action complaint for alleged violations of the Securities Exchange Act of 1933 and 1934 , Waitr’s officers touted the company’s ability to provide services to restaurant customers at a low take rate and its efficient labor model. Contrary to Waitr’s...

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Investigation of Ruhnn Holding Ltd.

Ruhnn Holding Limited (RUHN) Accused of Misleading Investors in IPO According to the class action complaint against the company for alleged violations of the Securities Act of 1933, Ruhnn completed its IPO on April 3, 2019 offering 10 million Ruhnn ADSs at $12.50 per share for net proceeds of $125 million. In its Registration Statement, Ruhnn...

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Investigation of MacroGenics, Inc

MacroGenics, Inc. (MGNX) Accused of Misleading Shareholders According to the class action complaint for alleged violations of the Securities Exchange Act of 1934, in February 2019, MacroGenics announced positive results for its pivotal Phase III SOPHIA study of Margetuximab, stating that the trial met its primary endpoint of prolongation of...

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Investigation of Sonim Technologies

Investigation of Sonim Technologies, Inc. (SONM) On September 10, 2019, Sonim issued a press release announcing a need to update its financial guidance for fiscal year 2019 based on the Company’s current expectations. According to Sonim, the Company’s net revenues were expected “to be flat or slightly below 2018 net revenues,” including a GAAP...

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Shareholders Investigation of Immunomedics

Immunomedics, Inc. (IMMU) Accused of Data Integrity Breach According to the filed complaint against the company for alleged violations of the Securities Exchange Act of 1934 between August 23, 2018, and December 20, 2018, on December 17, 2018, FDAnews.com published an article, stating that “[t]he FDA cited Immunomedics, Inc. (IMMU) for a host of...

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Investigation of Farfetch Limited

Farfetch Limited (FTCH) Accused of Misleading Investors in IPO According to the class action complaint against the company for alleged violations of the Securities Act of 1933 pursuant to its September 2018 initial public offering (“IPO”), in September 2018, Farfetch sold approximately 50.88 million shares of Class A common stock at a price of...

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Cloudera, Inc. (CLDR) Accused of Inflating Stock Price

According to the complaint against the company for alleged violations of the Securities Exchange Act of 1934 between April 28, 2017 and June 5, 2019, Cloudera, Inc. (CLDR) went public in an initial public offering in April 2017 for $258 million in gross proceeds. The company’s registration documents highlighted its rapid historical growth and...

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