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FILING DEADLINE--Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of YRCW, IMMU, W and AVP

CEDARHURST, N.Y., Feb. 20, 2019 (GLOBE NEWSWIRE) -- The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses.

If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No classes have yet been certified in the actions below. Appointment as lead plaintiff is not required to partake in any recovery.

YRC Worldwide Inc. (NASDAQGS: YRCW)

Investors Affected: March 10, 2014 - December 14, 2018

A class action has commenced on behalf of certain shareholders in YRC Worldwide Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) from 2005 to at least 2013, YRC's units systematically overcharged the federal government for freight carrier services; (2) this alleged misconduct caused the Department of Defense to overpay by millions of dollars for shipments that were lighter, and thus cheaper, than the weights for which the government was charged; (3) consequently, this alleged misconduct would subject YRC to enhanced government scrutiny and liabilities, including potentially owing treble damages under the False Claims Act; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://kseclaw.com/securities/yrc-worldwide-inc/?wire=3

Immunomedics, Inc. (NASDAQ: IMMU)

Investors Affected: February 8, 2018 - January 18, 2019

A class action has commenced on behalf of certain shareholders in Immunomedics, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Immunomedics’ Morris Plains, New Jersey drug substance manufacturing facility was not in compliance with FDA requirements; (ii)  the Company’s Quality Control Unit did not possess the  authority  to  investigate and  correct  critical  FDA  violations  occurring  at  the  Morris  Plains, New  Jersey  facility;  (iii)  the  Company  suffered  a  February  2018  data  integrity  breach  at  the Morris  Plains,  New  Jersey  facility  which,  among  other  issues, included  the backdating records and  manipulation  of bioburden samples; (iv) the Company’s Chemistry, Manufacturing and Control  data  submitted  in  connection  with  its  BLA  for  sacituzumab  govitecan  was  insufficient to support FDA approval; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times

Shareholders may find more information at https://kseclaw.com/securities/immunomedics-inc/?wire=3

Wayfair Inc. (NYSE: W)

Investors Affected: Class A shares between August 2, 2018 and October 31, 2018

A class action has commenced on behalf of certain shareholders in Wayfair Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Wayfair had been experiencing significantly diminished demand for its online product offerings and had significantly increased advertising spending to grow sales; (2) Wayfair, which was already more than one-third of the way into 3Q18 when it announced its 2Q18 results on August 2, 2018, had already dramatically increased advertising spending for 3Q18; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Shareholders may find more information at https://kseclaw.com/securities/wayfair-inc/?wire=3

Avon Products, Inc. (NYSE: AVP)

Investors Affected: August 2, 2016 - August 2, 2017

A class action has commenced on behalf of certain shareholders in Avon Products, Inc. In order to inflate its reported revenue and representative growth metric during the Class Period, Avon engaged in an undisclosed scheme whereby it significantly loosened its credit terms in order to recruit new representatives in Brazil, its largest market. Avon did not disclose the changes to its credit terms in Brazil. Avon also failed to increase its allowance for doubtful accounts to account for the changes to its credit terms in Brazil.

Shareholders may find more information at https://kclasslaw.com/securities/avon-products-inc-loss-submission-form/?wire=3

Kuznicki Law PLLC is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock.

CONTACT:

Kuznicki Law PLLC

Daniel Kuznicki, Esq.

445 Central Avenue, Suite 334

Cedarhurst, NY 11516

Email: dk@kclasslaw.com

Phone: (347) 696-1134

Cell: (347) 690-0692

Fax: (347) 348-0967

KUZNICKI (002).png

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YRC Worldwide Inc 3,350 -7,2% Fald i aktiekurs
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