07/10/2018 16:00:00

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of PDD, LCI, PZZA, LOGM, PM and QRTEA

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NEW YORK, Oct. 07, 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.        

Pinduoduo Inc. (NASDAQ: PDD)

Class Period: Pursuant to the July 26, 2018 initial public offering and/or between July 26, 2018 and July 31, 2018

Lead Plaintiff Deadline: October 22, 2018

The complaint alleges that during the class period Pinduoduo Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Pinduoduo’s controls were ineffective to prevent third-party vendors from selling counterfeit goods on the Company’s online platform; (ii) consequently, Pinduoduo’s revenues and the number of active merchants using its platform were traceable in part to unlawful conduct and thus unsustainable; and (iii) as a result, Pinduoduo’s public statements were materially false and misleading at all relevant times.

Get additional information about the PDD lawsuit: https://www.kleinstocklaw.com/pslra-1/pinduoduo-inc-loss-form?wire=3

Lannett Company, Inc. (NYSE: LCI)

Class Period: February 7, 2018 to August 17, 2018

Lead Plaintiff Deadline: October 26, 2018

The lawsuit alleges that 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.

Get additional information about the LCI lawsuit: https://www.kleinstocklaw.com/pslra-1/lannett-company-inc-loss-form?wire=3

Papa John’s International, Inc. (NASDAQ: PZZA)

Class Period: February 25, 2014 to July 19, 2018

Lead Plaintiff Deadline: October 29, 2018

The complaint alleges that during the class period Papa John’s International, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Papa John’s executives, including Defendant John H. Schnatter, had engaged in a pattern of sexual harassment and other inappropriate workplace conduct at the Company; (ii) Papa John’s Code of Ethics and Business Conduct was inadequate to prevent the foregoing misconduct; (iii) the foregoing conduct would foreseeably have a negative impact on Papa John’s business and operations, and expose Papa John’s to reputational harm, heightened regulatory scrutiny, and legal liability; and (iv) as a result, Papa John’s public statements were materially false and misleading at all relevant times.

Get additional information about the PZZA lawsuit: https://www.kleinstocklaw.com/pslra-1/papa-johns-international-inc-loss-form?wire=3

LogMeIn, Inc. (NASDAQ: LOGM)

Class Period: March 1, 2017 to July 26, 2018

Lead Plaintiff Deadline: October 19, 2018

During the class period, LogMeIn, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) LogMeIn’s business practices had negatively impacted renewal rates for certain of its services; and (2) as a result, Defendants’ public statements were materially false and misleading at all relevant times. Following this news, shares of LogMeIn fell $26.60 to close at $77.85 per share on July 27, 2018.

Get additional information about the LOGM lawsuit: https://www.kleinstocklaw.com/pslra-c/logmein-inc?wire=3

Philip Morris International Inc. (NYSE: PM)

Class Period: July 26, 2016 to April 18, 2018

Lead Plaintiff Deadline: October 22, 2018

According to the complaint, Philip Morris allegedly 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.

Get additional information about the PM lawsuit: https://www.kleinstocklaw.com/pslra-1/philip-morris-international-inc-loss-submission-form?wire=3

Qurate Retail Group, Inc. (NASDAQGS: QRTEA)

Class Period: August 5, 2015 to September 7, 2016

Lead Plaintiff Deadline: November 5, 2018

According to the complaint, Qurate allegedly 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.

Get additional information about the QRTEA lawsuit: https://www.kleinstocklaw.com/pslra-1/qurate-retail-group-inc-loss-submission-form?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.

CONTACT:

Joseph Klein, Esq.

Empire State Building

350 Fifth Avenue

59th Floor

New York, NY 10118

jk@kleinstocklaw.com

Telephone: (212) 616-4899

Fax: (347) 558-9665

www.kleinstocklaw.com

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