11/03/2019 15:28:01

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SPB, MHLD, SYNH and CNDT

NEW YORK, March 11, 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.        

Spectrum Brands Legacy, Inc. (f/k/a Spectrum Brands Holdings, Inc.) (NYSE: SPB)

Class Period: June 14, 2016 to April 25, 2018

Lead Plaintiff Deadline: May 6, 2019

The complaint alleges that during the class period Spectrum Brands Legacy, Inc. (f/k/a Spectrum Brands Holdings, Inc.) made materially false and/or misleading statements and/or failed to disclose that: (i) Spectrum had been self-inflicting the operational issues at its Ohio and Kansas facilities; (ii) these operational issues were, in fact, recurring in nature; (iii) these operational issues would continuously impact production, shipping levels and sales; and (iv) as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times.

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

Maiden Holdings, Ltd. (NASDAQGS: MHLD)

Class Period: March 4, 2014 to November 9, 2018

Lead Plaintiff Deadline: April 12, 2019

The complaint alleges that during the Class Period, defendants misrepresented the quality and nature of Maiden’s underwriting and risk management policies and practices and the risks of its reinsurance portfolio. In particular, defendants misleadingly claimed that they were subjecting AmTrust’s insurance portfolio to robust analysis and cross-checks to ensure that the Company had appropriately priced the risk of reinsuring AmTrust’s insurance portfolio. In truth, the Company had failed to employ sufficient underwriting and risk management protocols and had largely abdicated its responsibility to ensure that its AmTrust Reinsurance segment priced policies commensurate with the risk assumed by the Company.

Get additional information about the MHLD lawsuit: https://www.kleinstocklaw.com/pslra-1/maiden-holdings-ltd-loss-submission-form?wire=3

Syneos Health, Inc. (NASDAQ: SYNH)

Class Period: May 10, 2017 to February 27, 2019

Lead Plaintiff Deadline: April 30, 2019

The complaint alleges that throughout the class period Syneos Health, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Syneos Health’s internal control over financial reporting was inadequate; (2) concerns regarding Syneos Health’s internal control over financial reporting would result in heightened regulatory scrutiny and an SEC investigation into the company’s revenue accounting policies, internal controls and related matters; and (3) as a result, defendants’ statements about Syneos Health’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

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

Conduent Incorporated (NYSE: CNDT)

Class Period: February 21, 2018 to November 6, 2018

Lead Plaintiff Deadline: May 7, 2019

The complaint alleges that by February 2018, defendants began to represent to investors that Conduent had exited the transformation phase and had cured inefficiencies caused by operating on multiple information resource platforms. However, as demonstrated by defendants’ admissions on November 7, 2018, those representations were false, and Conduent remained mired in inadequate technology and third-party agreements that it had been saddled with upon its divestiture from Xerox. 

During a November 7, 2018 conference call, CEO Ashok Vemuri stated “we have had continued suboptimal performance from an inherited legacy technology vendor. The performance issues stem from the vendors inability to deliver on service level agreements, lack of responsiveness to Conduent’s needs, and poorly structured contracts which we inherited.” Vemuri also noted that an “outdated and historically under-invested legacy IT infrastructure has caused major disruptions to our operations and impacted client and delivery performance.” 

Get additional information about the CNDT lawsuit: https://www.kleinstocklaw.com/pslra-1/conduent-incorporated-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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