NEW YORK, NY / ACCESSWIRE / January 18, 2022 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
Ginkgo Bioworks Holdings, Inc. (NYSE: DNA)
CONTACT JAKUBOWITZ ABOUT DNA:
https://claimyourloss.com/securities/ginkgo-bioworks-holdings-inc-loss-submission-form/?id=22199&from=1
Class Period : May 11, 2021 – October 5, 2021
Lead Plaintiff Deadline : January 18, 2022
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s failure to derive real revenue from third-party customers left it almost completely dependent on related parties; (2) as a result, most, if not all, of the Company’s revenue came from related parties the Company created, funded, or controlled through its ownership and board seats; (3) the Company was misclassifying and underreporting related party revenue in order to conceal the Company’s near total-dependence on related parties; (4) many of the Company’s new R&D partners are undisclosed related parties and/or façades; (5) as a result, the Company’s valuation was significant less than Defendants disclosed to investors; and (6) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
Peloton Interactive, Inc. (NASDAQ: PTON)
CONTACT JAKUBOWITZ ABOUT PTON:
https://claimyourloss.com/securities/peloton-interactive-inc-loss-submission-form-2/?id=22199&from=1
Class Period : December 9, 2020 – November 4, 2021
Lead Plaintiff Deadline : January 18, 2022
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: Defendants repeatedly, falsely assured investors that the Company’s positive results and growth would continue after the pandemic. In addition, during the Class Period, Defendants made false and misleading statements about the amount of inventory that Peloton held, and touted the Company’s ability to keep its inventory levels in line with substantial, sustained demand. As a result of Defendants’ misrepresentations, Peloton common stock traded at artificially inflated prices during the Class Period.
Citrix Systems, Inc. (NASDAQ: CTXS)
CONTACT JAKUBOWITZ ABOUT CTXS:
https://claimyourloss.com/securities/citrix-systems-inc-loss-submission-form/?id=22199&from=1
Class Period : January 22, 2020 – October 6, 2021
Lead Plaintiff Deadline : January 18, 2022
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: the transition from on-premise to the cloud product was going smoothly. In addition, in response to the COVID-19 pandemic and the shift to remote work, Citrix created a shorter duration, on-premise subscription license (the “Business Continuity Licenses”) that the Company offered at a discounted rate, and which Defendants claimed would transition to cloud accounts after the one-year license expired. As a result of Defendants’ misrepresentations, Citrix common stock traded at artificially inflated prices during the Class Period.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
SOURCE : Jakubowitz Law
View source version on accesswire.com:
https://www.accesswire.com/684292/LAWSUITS-FILED-AGAINST-DNA-PTON-and-CTXS–JAKUBOWITZ-LAW-PURSUES-SHAREHOLDERS-CLAIMS
