The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of TSLA, ORCL, NLSN, ZN and SBGI
NEW YORK, Oct. 08, 2018 (GLOBE NEWSWIRE) -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Tesla, Inc. (NASDAQ: TSLA) Class Period: Purchasers of shares between August 7, 2018 and August 17, 2018, and/or who had open short positions or put options for Tesla as of August 7, 2018 or August 8, 2018 Lead Plaintiff Deadline: October 9, 2018
The complaint alleges that throughout the class period Tesla, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Defendants had not secured funding for the Going-Private Transaction; (2) Musk’s statements that the Going-Private Transaction only required shareholder approval were false since the Going-Private Transaction required approval by the Company’s Board of Directors and even the Board was unaware of the funding referred to by Musk; (3) the status and likelihood of the Going-Private Transaction was misrepresented to the market because financing for it had not been secured and Board approval was required, and (4) as a result of the foregoing, Defendants’ statements about Tesla’s business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
Get additional information about the TSLA lawsuit: http://www.kleinstocklaw.com/pslra-1/tesla-inc-submission-form?wire=3
Oracle Corporation (NYSE: ORCL) Class Period: May 10, 2017 to March 19, 2018 Lead Plaintiff Deadline: October 9, 2018
The complaint alleges that throughout the Class Period defendants issued false and misleading statements regarding Oracle’s cloud revenues and failed to disclose that these revenues were driven, at least in part, by improper, coercive sales practices, including: (1) threatening existing customers with “audits” of their use of Oracle’s non-cloud software licenses and levying expensive penalties against those customers unless the customers agreed to shift their business to Oracle cloud programs; (2) decreasing customer support for certain Oracle on-premises or hardware systems in an effort to drive customers away from such systems and into cloud-based systems; and (3) strong-arming customers by threatening to raise the cost of legacy database licenses dramatically if the customers choose another cloud provider.
Get additional information about the ORCL lawsuit: http://www.kleinstocklaw.com/pslra-c/oracle-corporation?wire=3
Nielsen Holdings plc (NYSE: NLSN) Class Period: February 11, 2016 to July 25, 2018 Lead Plaintiff Deadline: October 9, 2018
Throughout the class period, Nielsen Holdings plc allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Nielsen’s sales were experiencing a permanent decline due to major budget cuts instituted by the Company’s CPG customers; (2) the Company’s CPG clients were reducing and cancelling Nielsen custom project work in favor of real-time analytical solutions; and (3) as a result, the Company’s positive statements about its business, operations, and financial conditions lacked a reasonable basis.
Get additional information about the NLSN lawsuit: http://www.kleinstocklaw.com/pslra-c/nielsen-holdings-plc?wire=3
Zion Oil & Gas, Inc. (NASDAQ: ZN) Class Period: March 12, 2018 to July 10, 2018 Lead Plaintiff Deadline: October 9, 2018
The lawsuit alleges Zion Oil & Gas, Inc. made materially false and/or misleading statements and/or failed to disclose during the class period that: (1) Zion was either already or was likely to soon become the subject of an U.S. Securities and Exchange Commission investigation; and (2) as a result, Zion’s public statements were materially false and misleading at all relevant times. On March 27, 2018, Zion issued a statement on Twitter, denying an allegation on the social media platform that there was an SEC investigation of the Company underway. On May 30, 2018, the Company tweeted “There is no SEC investigation into Zion Oil & Gas, Inc.” Then on July 11, 2018, Zion announced it had received a subpoena from the SEC to produce documents as part of a fact-finding inquiry. Following this news, shares of Zion fell 11% to close at $3.56 per share on July 12, 2018.
Get additional information about the ZN lawsuit: http://www.kleinstocklaw.com/pslra-c/zion-oil-gas-inc?wire=3
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) Class Period: February 22, 2017 to July 19, 2018 Lead Plaintiff Deadline: October 9, 2018
According to the complaint, Sinclair Broadcast Group, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) the merger of Tribune Media Company (NYSE: TRCO) and Sinclair was not in compliance with FCC rules and regulations; (ii) Sinclair was not using its best efforts to eliminate any impediment to regulatory approval; (iii) Sinclair was engaging in non-arm’s length transactions with buyers connected to Sinclair’s controlling shareholders in order to skirt FCC ownership rules; and (iv) as a result of the foregoing, Defendant’s public statements were materially false and/or misleading and/or lacked a reasonable basis. On May 8, 2017, Sinclair announced it had entered into an agreement to acquire 100% of the issued outstanding shares of Tribune. On August 3, 2017, Sinclair filed a Form 8-K with the U.S. Securities and Exchange Commission disclosing that the U.S. Department of Justice had requested additional information and documentary material pertaining to the agreement. Then on August 9, 2018, Tribune said it had terminated the deal and was suing Sinclair for breach of contract following the FCC’s determination that Sinclair failed to fully disclose material information about the merger.
Get additional information about the SBGI lawsuit: http://www.kleinstocklaw.com/pslra-c/sinclair-broadcast-group-inc?wire=3
Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. There is no cost or obligation to you. If you suffered a loss during the class period and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.