NEW YORK, July 18, 2018 (GLOBE NEWSWIRE) --
Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court; further details about the cases can be found at the links provided.
Newell Brands Inc. (NYSE:NWL)
Class Period: February 6, 2017 - January 24, 2018
Lead Plaintiff Deadline: August 20, 2018
According to the complaint, the Company’s retail channel was loaded with extremely high levels of unsold Newell product; contrary to defendants’ representations, the build-up of Newell inventory in the retail channel was due to Company-specific rather than macroeconomic reasons; as a result of the unusually high levels of unsold inventory in the retail channel, Newell was exposed to a heightened risk that it would experience slower sales growth in future periods; and undisclosed managerial and cultural differences in the legacy Newell and Jarden businesses had created significant discord that was having a material adverse effect on the Company’s operating performance.
To learn more about the Newell class action go to: http://www.zlk.com/pslra-d/newell-brands-inc?wire=3.
Gogo Inc. (NASDAQ:GOGO)
Class Period: February 27, 2017 - May 7, 2018
Lead Plaintiff Deadline: August 27, 2018
During the class period, Gogo’s 2Ku antenna had more reliability issues than the public was led to believe; Gogo’s 2Ku antennas required costly installation and faced costly remediation challenges or required replacement due to deicing fluids from planes infiltrating the 2Ku system, as well as manufacturing and software issues; consequently, Gogo would not be able to meet its previously issued 2018 guidance; and as a result, the company’s financial statements were materially false and misleading at all relevant times.
To learn more about the GOGO class action go to: http://www.zlk.com/pslra-d/gogo-inc?wire=3.
PolarityTE, Inc. (NASDAQ:COOL)
Class Period: March 31, 2017 - June 22, 2018
Lead Plaintiff Deadline: August 27, 2018
The complaint alleges that PolarityTE made material misstatements and/or failed to disclose the status of Patent #14/954,335 at the time it was acquired by the Company on April 7, 2017 and the months following; the updated status of Patent #14/954,335 after its June 4, 2018 final rejection by the United States Patent Office; and that as a result of the foregoing, PolarityTE's publicly disseminated financial statements were materially false and misleading.
To learn more about the PolarityTE class action go to: http://www.zlk.com/pslra-d/polarityte-inc?wire=3.
You have until the lead plaintiff deadlines to request the court appoint as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com