Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Fitbit, Synchrony, and Apogee and Encourages Investors to Contact the Firm
NEW YORK, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Fitbit, Inc., Synchrony Financial, and Apogee Enterprises, Inc. Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
Fitbit, Inc. (NYSE: FIT)
Class Period: August 2, 2016 - January 30, 2017
Lead Plaintiff Deadline: December 31, 2018
The complaint filed in this class action alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, the complaint alleges that the defendants failed to disclose: (1) that the company was struggling to transition its mission and differentiate itself from Apple Inc. and other competitors; (2) that, as such, the company was experiencing increased competition; (3) that, as a result, demand and sell-through for the company’s existing and new products were being negatively impacted; (4) that, as a result, the company’s sales and financial results were weakening, and growth was slowing; (5) that the company’s financial guidance was overstated; and (6) that, as a result of the foregoing, defendants statements during the Class Period about Fitbit’s business, operations, financial results and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
To learn more about the Fitbit class action go to: http://bespc.com/fit/.
Synchrony Financial (NYSE: SYF)
Class Period: October 21, 2016 - November 1, 2018
Lead Plaintiff Deadline: January 2, 2019
The complaint filed in this class action alleges that throughout the Class Period Synchrony falsely represented that its consistent and disciplined underwriting practices had led to a higher quality loan portfolio than those of its competitors. In truth, Synchrony relaxed its underwriting standards and increasingly offered private-label credit cards to riskier borrowers to sustain growth. The truth about Synchrony’s credit standards began to be revealed on April 28, 2017, when the company announced disappointing first quarter 2017 earnings driven by poor loan performance.
To learn more about the Synchrony class action go to: https://bespc.com/syf/.
Apogee Enterprises, Inc. (NASDAQ: APOG)
Class Period: June 28, 2018 - September 17, 2018
Lead Plaintiff Deadline: January 4, 2019
The complaint filed in this class action alleges that throughout the Class Period defendants made materially false and misleading statements, and failed to disclose to investors that: (i) Apogee lacked the required labor force in place to ramp-up its production; (ii) Apogee was unable to hire, train and retain new employees; (iii) Apogee’s productivity and margins would be negatively impacted; and (iv) as a result of the foregoing, defendants’ statements about the company’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
To learn more about the Apogee class action go to: http://bespc.com/apog/.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.