AP NEWS

CLASS ACTION UPDATE for ACHC, JT and ALGN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholder

November 6, 2018

NEW YORK, Nov. 06, 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 and further details about the cases can be found at the links provided. There is no cost or obligation to you.

Acadia Healthcare Company, Inc. (NASDAQGS: ACHC) Class Period: February 23, 2017 - October 24, 2017 Lead Plaintiff Deadline: December 3, 2018 Join the action: https://www.zlk.com/pslra-1/acadia-healthcare-company-inc-loss-form?wire=3

The lawsuit alleges: Acadia Healthcare Company, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the quality of Acadia’s U.K. operations did not give the Company a “competitive strength” that would drive future growth and profitability; and (2) defendants had no reasonable basis to believe--and did not in fact believe--their positive statements about the Company’s business and financial prospects during the Class Period, including their guidance issued and reaffirmed throughout the Class Period.

To learn more about the Acadia Healthcare Company, Inc. class action contact jlevi@levikorsinsky.com.

Jianpu Technology Inc. (NYSE: JT) Class Period: Pursuant and/or traceable to the initial public offering on or about November 16, 2017 Lead Plaintiff Deadline: December 24, 2018 Join the action: https://www.zlk.com/pslra-1/jianpu-technology-inc-loss-form?wire=3

The complaint alleges that the Company’s IPO offering materials contained inaccurate statements of material fact and/or omitted material information required to be disclosed in order to make such statements not misleading, including failure to disclose that the China Banking Regulatory Commission and three other Chinese regulators had issued rules in 2016 requiring peer-to-peer lending companies to appoint qualified banking institutions as custodians and disclose their use of deposits. On November 21, 2017, news outlets reported that China’s Financial Stability and Development Committee (“FSDC”) had issued an urgent notice to provincial governments urging them to suspend regulatory approval of new internet micro-loan companies. Following this news, Jianpu’s shares fell over 38% in three days and closed at $4.90 per share on November 24, 2017.

To learn more about the Jianpu Technology Inc. class action contact jlevi@levikorsinsky.com.

Align Technology, Inc. (NASDAQGS: ALGN) Class Period: July 25, 2018 - October 24, 2018 Lead Plaintiff Deadline: January 4, 2019 Join the action: https://www.zlk.com/pslra-1/align-technology-inc-loss-form?wire=3

The lawsuit alleges: Align Technology, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company would offer higher discounts to promote Invisalign; (2) the promotions would materially impact revenue; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

On October 24, 2018, Align Technology issued a press release announcing its Q3 2018 financial results. Therein, the Company disclosed a more than 6% decrease in its Invisalign Average Selling Price (“ASP”). On the same day, the Company also announced that its Chief Marketing Officer would “reduce his responsibilities and transition to a part-time position.” On this news, Align Technology’s share price shares fell $58.76 to close at $232.07 on October 25, 2018, thereby injuring investors.

To learn more about the Align Technology, Inc. class action contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request the court appoint you 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, LLPJoseph E. Levi, Esq.55 Broadway, 10th FloorNew York, NY 10006 jlevi@levikorsinsky.com Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com

AP RADIO
Update hourly