NEW YORK, April 08, 2019 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, encourages investors in the following companies to contact the firm:
Company: Akorn, Inc. (NASDAQ:AKRX)
Lead Plaintiff Deadline: April 22, 2019
Class Period: August 1, 2018 and January 8, 2019
Contact Us: www.faruqilaw.com/AKRX
The case, Wickstrom v. Akorn, Inc. et al, No. 19-cv-01299, has been filed in the United States District Court for the Northern District of Illinois 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) Akorn's management misled investors concerning the severity of Akorn's manufacturing violations at its Decatur, Illinois facility; (2) Akorn's responses to the Food and Drug Administration's (''FDA'') Form 483 - which contained a list of observations made by the FDA during its inspection of Akorn's Decatur, Illinois facility in April and May 2018 - would be deemed inadequate by the FDA; (3) Akorn repeatedly failed to correct manufacturing violations at this facility; (4) the foregoing would subject Akorn to heightened regulatory scrutiny by the FDA; and (5) as a result, Akorn's public statements were materially false and misleading at all relevant times. The case has been assigned to Judge Edmond E. Chang.
Company: Conagra Brands, Inc. (NYSE:CAG)
Lead Plaintiff Deadline: April 23, 2019
Class Period: June 27, 2018 and December 19, 2018
Contact Us: www.faruqilaw.com/CAG
The case, Estrada v. Conagra Brands, Inc. et al., No. 19-cv-01805, has been filed in the United States District Court for the Northern District of Illinois 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 material information, including that (1) Conagra inadequately performed proper due diligence in connection with the acquisition of Pinnacle; (2) the performance of Pinnacle’s three leading brands was not deteriorating due to intensified competition, but to self-inflicted subpar innovation and executional missteps; and (3) Pinnacle’s business was performing so poorly that it had resorted to pushing promotional deals to retailers in an effort to boost sales. The case has been assigned to Judge Andrea R. Wood.
Company: Conduent, Inc. (NYSE:CNDT)
Lead Plaintiff Deadline: May 7, 2019
Class Period: February 21, 2018 and November 6, 2018
Contact Us: www.faruqilaw.com/CNDT
The case, Employees Retirement System of the Puerto Rico Electric Power Authority v. Conduent, Inc. et al., No. 19-cv-08237, has been filed in the United States District Court for the District of New Jersey against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading representations to investors regarding the Company’s ‘transformation phase’ and whether it had cured inefficiencies caused by operating on multiple information resource platforms. The case has been assigned to Judge Susan D. Wigenton.
Company: United Microelectronics Corporation (NYSE:UMC)
Lead Plaintiff Deadline: May 13, 2019
Class Period: October 28, 2015 and November 1, 2018
Contact Us: www.faruqilaw.com/UMC
The case, Meyer v. United Microelectronics Corporation et al., No. 19-cv-02304, has been filed in the United States District Court for the Southern 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 making false and/or misleading statements and/or failing to disclose that: (1) UMC conspired with Fujian to steal trade secrets from Micron relating to its research and development of DRAM; (2) UMC hired former Micron employees for the purpose of stealing such information from Micron; (3) the foregoing conduct placed UMC and certain of its employees at an increased risk of criminal and regulatory investigation by the U.S. government; and (4) as a result, UMC’s public statements were materially false and misleading at all relevant times. The case has been assigned to Judge Victor Marrero.
If you invested in any of these companies, please fill out the form on our website at the links above to learn more. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.
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.