BENSALEM, Pa., June 23, 2022 (GLOBE NEWSWIRE) — The Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly traded companies. Investors have until the deadlines listed below to file as lead plaintiff.
Investors experiencing losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class action lawsuits at 888-638-4847 or by email at [email protected].
Digital Turbine, Inc. ( APPLICATIONS)
Course period: August 9, 2021 – May 17, 2022
Lead Applicant Deadline: August 5, 2022
The Complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company’s recent acquisitions, AdColony and Fyber, act as as agents in some of their respective product lines; (2) that, therefore, revenues from these product lines should be reported net of license fees and revenue sharing, rather than on a gross basis; (3) that the Company’s internal control over financial reporting relating to revenue recognition was deficient; and (4) that as a result of the foregoing, the Company’s net revenues were overstated throughout fiscal 2022; and (5) that as a result of the foregoing, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.
Teladoc Health, Inc. (: TDOC)
Course period: October 28, 2021 – April 27, 2022
Lead Applicant Deadline: August 5, 2022
The Complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) increased competition, among other factors, negatively impacted BetterHelp and Teladoc’s chronic care business; (2) as a result, the growth of these companies was less sustainable than the defendants had led investors to believe; (3) as a result, Teladoc’s fiscal 2022 revenue and Adjusted EBITDA projections were unrealistic; (4) as a result of all of the above, Teladoc would be required to recognize a significant non-cash goodwill impairment charge; and (5) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.
Unilever APIs (: UL)
Course period: September 2, 2020 – July 21, 2021
Lead Applicant Deadline: August 15, 2022
The Complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose: (1) that in July 2020, the board of directors of Ben & Jerry’s passed a resolution to end sales of its ice cream in ‘Occupied Palestinian Territory’; (2) risks related to the decision of Ben & Jerry’s Board of Directors; (3) the foregoing could result in adverse government action for violation of laws, executive orders, or resolutions designed to discourage boycotts, divestment, and sanctions against Israel adopted by 35 US states; and (4) as a result, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.
To be a member of these class actions, you do not have to take any action at this time; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about these class actions, or if you have any questions about this announcement or your rights or interests in these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith , 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone at (215) 638-4847, toll free at (888) 638-4847, or by email at [email protected]or visit our website at www.howardsmithlaw.com.
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contacts
Law Firms of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
