NEW YORK, April 02, 2019 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, encourages investors in the following companies to contact the firm:
Company: Mattel, Inc. (NASDAQ:MAT)
Lead Plaintiff Deadline: May 6, 2019
Class Period: February 7, 2019 through February 15, 2019
Contact Us: www.faruqilaw.com/MAT
The case, Wyatt v. Mattel, Inc. et al., No. 19-cv-01646, has been filed in the United States District Court for the Central District of California against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose: (1) that demand for the Company’s products, including Barbie and Hot Wheels, was declining; (2) that the Company had an excess of product supply; and (3) that, as a result of the foregoing, the Company’s positive statements about its business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. The case has been assigned to Judge Percy Anderson.
Company: Corcept Therapeutics Incorporated (NASDAQ:CORT)
Lead Plaintiff Deadline: May 13, 2019
Class Period: August 2, 2017 through February 5, 2019
Contact Us: www.faruqilaw.com/CORT
The case, Melucci v. Corcept Therapeutics Incorporated et al., No. 19-cv-01372, has been filed in the United States District Court for the Northern District of California against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) that the Company had improperly paid doctors to promote its drug Korlym; (2) that the Company aggressively promoted Korlym for off-label uses; (3) that the Company’s sole specialty pharmacy was a related party; (4) that the Company artificially inflated its revenue and sales using illicit sales practices through a related party; and (5) that such practices are reasonably likely to lead to regulatory scrutiny. The case has been assigned to Judge Lucy H. Koh.
Company: NIO Inc. (NYSE:NIO)
Lead Plaintiff Deadline: May 13, 2019
Class Period: September 12, 2018 through March 5, 2019
Contact Us: www.faruqilaw.com/NIO
The case, Tan v. NIO Inc. et al., Docket No. 19-cv-01424, has been filed in the United States District Court for the Eastern District of New York against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) NIO would not be building its own manufacturing plant and would instead continue to rely on JAC Auto to manufacture its vehicles; (2) reductions in government subsidies for electric cars would materially impact NIO’s sales; and (3) as a result, Defendants’ statements about NIO’s business, operations, and prospects were materially false and misleading at all relevant times. The case has been assigned to Judge Nicholas G. Garaufis.
Company: Mobile TeleSystems PJSC (NYSE:MBT)
Lead Plaintiff Deadline: May 20, 2019
Class Period: March 19, 2014 through March 7, 2019
Contact Us: www.faruqilaw.com/MBT
The case, Salim v. Mobile TeleSystems PJSC et al., No. 19-cv-01589, has been filed in the United States District Court for the Eastern District of New York against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Mobile TeleSystems and its subsidiary were involved in a scheme to pay $420 million in bribes in Uzbekistan; (2) consequently, Mobile TeleSystems knew or should have known it would be forced to pay substantial fines to the U.S. government after disclosing in 2014 that the U.S. Department of Justice and Securities and Exchange Commission were investigating its Uzbekistan operations; (3) Mobile TeleSystems’ level of cooperation with the U.S. government and remediation was lacking; and (4) due to the aforementioned misconduct, Mobile TeleSystems would be forced to pay approximately $850 million in criminal penalties to the U.S. government. The case has been assigned to Judge Ann M. Donnelly.
CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding the foregoing companies’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.