CLASS ACTION UPDATE for LCI, PM and QRTEA: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, Sept. 30, 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.
Lannett Company, Inc. (NYSE: LCI) Class Period: February 7, 2018 - August 17, 2018 Lead Plaintiff Deadline: October 26, 2018 Join the action: http://www.zlk.com/pslra-1/lannett-company-inc-loss-form?wire=3
Allegations: Lannett Company, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Lannett faced a substantial risk of the loss of its exclusivity agreement with Jerome Stevens Pharmaceuticals; (2) accordingly, Lannett’s reported revenues were unsustainable; and (3) as a result, Lannett’s public statements were materially false and misleading at all relevant times.
To learn more about the Lannett Company, Inc. class action contact email@example.com.
Philip Morris International, Inc. (NYSE: PM) Class Period: July 26, 2016 - April 18, 2018 Lead Plaintiff Deadline: November 5, 2018 Join the action: https://www.zlk.com/pslra-1/philip-morris-international-inc-loss-form?wire=3
Allegations: During the class period, Philip Morris International, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Philip Morris was experiencing a faster decline in overall cigarette and e-cigarette (or “heated tobacco”) sales volumes during the first quarter of 2018 than investors had been led to believe; (2) Philip Morris’ much-lauded sales initiatives had stalled; (3) Philip Morris was experiencing adverse sales headwinds in key markets; and (4) as a result of the foregoing, defendants’ statements about Philip Morris’ business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
To learn more about the Philip Morris International, Inc. class action contact firstname.lastname@example.org.
Qurate Retail Group, Inc. (NASDAQ: QRTEA) Class Period: August 5, 2015 - September 7, 2016 Lead Plaintiff Deadline: November 5, 2018 Join the action: https://www.zlk.com/pslra-1/qurate-retail-group-inc-loss-form?wire=3
The lawsuit alleges: Qurate Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Qurate was aggressively loosening the credit standards of its Easy-Pay program to attract a large group of new customers; (2) Qurate’s strong sales growth was due to this loose credit policy; (3) accounts receivable associated with this new group of customers posed a high risk of write-off; and (4) consequently, Qurate’s positive statements about its business, operations, and prospects lacked a reasonable basis.
To learn more about the Qurate Retail Group, Inc. class action contact email@example.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 firstname.lastname@example.org Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com