07/03/2019 18:58:01

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of AXGN, ATVI, CTL and INGN

NEW YORK, March 07, 2019 (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.

AxoGen, Inc. (NASDAQ: AXGN)

Class Period: August 7, 2017 to December 18, 2018

Lead Plaintiff Deadline: March 11, 2019

According to the complaint, AxoGen, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company aggressively increased prices to mask lower sales; (2) the Company’s pricing alienated customers and threatened the Company’s future growth; (3) ambulatory surgery centers form a significant part of the market for the Company’s products; (4) such centers were especially sensitive to price increases; (5) the Company was dependent on a small number of surgeons whom the Company paid to generate sales; (6) the Company’s consignment model for inventory was reasonably likely to lead to channel stuffing; (7) the Company offered purchase incentives to sales representatives to encourage channel stuffing; (8) the Company’s sales representatives were encouraged to backdate revenue to artificially inflate metrics; (9) the Company lacked adequate internal controls to prevent such channel stuffing and backdating of revenue; (10) the Company’s key operating metrics, such as number of active accounts, were overstated; and (11) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

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

Activision Blizzard, Inc. (NASDAQ: ATVI)

Class Period: August 2, 2018 to January 10, 2019

Lead Plaintiff Deadline: March 19, 2019

During the class period, Activision Blizzard, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) the termination of Activision Blizzard and Bungie's partnership, giving Bungie full publishing rights and responsibilities for the Destiny franchise, was imminent; (ii) the termination of the two companies' relationship would foreseeably have a significant negative impact on Activision Blizzard's revenues; and (iii) as a result, Activision Blizzard's public statements were materially false and misleading at all relevant times.

Get additional information about the ATVI lawsuit: https://www.kleinstocklaw.com/pslra-1/activision-blizzard-inc-loss-submission-form?wire=3

CenturyLink, Inc. (NYSE: CTL)

Class Period: May 10, 2018 to March 4, 2019

Lead Plaintiff Deadline: May 6, 2019

The lawsuit alleges CenturyLink, Inc. made materially false and/or misleading statements and/or failed to disclose during the class period that: (1) CenturyLink had undisclosed material weaknesses in its internal controls over revenue recording processes and the procedures for measuring fair value of assets and liabilities assumed in connection with its Level 3 Communications, Inc. acquisition; (2) consequently, CenturyLink would delay the filing of its Form 10-K for the fiscal year ended December 31, 2018 despite initially reporting those financial results in a press release dated February 13, 2019; and (3) as a result, CenturyLink’s public statements were materially false and misleading at all relevant times.

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

Inogen, Inc. (NASDAQGS: INGN)

Class Period: November 8, 2017 to February 26, 2019

Lead Plaintiff Deadline: May 6, 2019

The complaint alleges that throughout the class period Inogen, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Inogen had overstated the true size of the total addressable market (“TAM”) for its portable oxygen concentrators and had misstated the basis for its calculation of the TAM; (ii) Inogen had falsely attributed its sales growth to the strong sales acumen of its salesforce, when in reality it was due in large part to sales tactics designed to deceive its elderly customer base; (iii) the growth in Inogen’s domestic business-to-business sales to home medical equipment (“HME”) providers was inflated, unsustainable and was eroding direct-to-consumer sales; and (iv) very little of Inogen’s business was actually coming from the more stable Medicare market.

Get additional information about the INGN lawsuit: https://www.kleinstocklaw.com/pslra-1/inogen-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 J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. 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:

J. 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

Klein NEW logo black transparent.png

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