18/03/2019 15:21:38

The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of ARLO, ATVI, AVP and STMP

NEW YORK, March 18, 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.

Arlo Technologies, Inc. (NYSE: ARLO)

Class Period: Investors who purchased shares pursuant and/or traceable to the Company's Registration Statement and Prospectus issued in connection with the August 3, 2018 Initial Public Offering

Lead Plaintiff Deadline: March 25, 2019

The filed complaint alleges that the Registration Statement made materially false and/or misleading statements and/or failed to disclose that: (i) there was a flaw and/or quality issue with Arlo’s newly designed battery for its Ultra camera systems; (ii) this flaw and/or quality issue with the Ultra battery could result in a shipping delay of Arlo’s Ultra product; (iii) such a shipping delay endangered Arlo’s chances of launching the Ultra product in time for the crucial holiday season; (iv) such a shipping delay would allow Arlo’s competitors to capitalize on the Ultra product’s missed launch, thereby increasing their own market share; (v) Arlo’s consumers had been experiencing battery drain issues and other battery-related issues in connection with recent firmware updates; (vi) because of the foregoing, Arlo’s fourth quarter 2018 results and consumer base would be negatively impacted; and (vii) as a result, Arlo’s Registration Statement was materially false and misleading at all relevant times.

Get additional information about the ARLO lawsuit: https://www.kleinstocklaw.com/pslra-1/arlo-technologies-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

The complaint alleges that throughout the class period Activision Blizzard, Inc. 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

Avon Products, Inc. (NYSE: AVP)

Class Period: August 2, 2016 to August 2, 2017

Lead Plaintiff Deadline: April 15, 2019

In order to inflate its reported revenue and representative growth metric during the Class Period, Avon engaged in an undisclosed scheme whereby it significantly loosened its credit terms in order to recruit new representatives in Brazil, its largest market. Avon did not disclose the changes to its credit terms in Brazil. Avon also failed to increase its allowance for doubtful accounts to account for the changes to its credit terms in Brazil.

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

Stamps.com Inc. (NASDAQ: STMP)

Class Period: May 3, 2017 to February 21, 2019

Lead Plaintiff Deadline: April 29, 2019

The lawsuit alleges Stamps.com Inc. made materially false and/or misleading statements and/or failed to disclose during the class period that: (i) the Company’s financial results depended on the manipulation of a USPS program that cost USPS an estimated $235 million per year; and (ii) as a result, the Company’s business was unsustainable and its financial results were highly misleading.

Get additional information about the STMP lawsuit: https://www.kleinstocklaw.com/pslra-1/stamps-com-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

Related content
15 Aug - 
Shareholder Investigation Alert: Halper Sadeh LLP is In..
31 Jul - 
Shareholder Investigation Alert: Halper Sadeh LLP Remin..
12 Jul - 
BKS, EE, AVP and TSS SHAREHOLDER ALERT: Rigrodsky & Lon..
Del

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Photo Release -- WSFS Bank Welcomes Corynn Ciber in Newly Created Role, Chief Digital Officer
2
Euronet Worldwide’s Digital Integrated Payments Cloud powers Sri Lanka’s first QR code-based payment app
3
Rigrodsky & Long, P.A. Files Class Action Suit Against PCM, Inc.
4
Rigrodsky & Long, P.A. Files Class Action Suit Against WageWorks, Inc.
5
Start of Day Message

Related stock quotes

Activision Blizzard Inc 47,92 2.7% Stock price increasing
Avon Products Inc 4.180 0.5% Stock price increasing
Stamps.com Inc 62.93 1.0% Stock price increasing

Latest news


Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
20 August 2019 11:36:47
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190819.1 - EUROWEB2 - 2019-08-20 12:36:47 - 2019-08-20 11:36:47 - 1000 - Website: OKAY