The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of NSANY, TS, CURO, LOMA and XPO
NEW YORK, Dec. 18, 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.
Nissan Motor Co., Ltd. (OTCMKTS: NSANY) Class Period: December 10, 2013 to November 16, 2018 Lead Plaintiff Deadline: February 8, 2019
During the class period, Nissan Motor Co., Ltd. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) for more than a decade, Nissan had been materially understating its costs--and thus overstating profits--by paying a material portion of Ghosn’s executive compensation in the form of billions of Yen of deferred compensation that the Company was concealing from its public financial reports; (2) in so doing, Nissan was concealing from investors significant defects in its corporate governance; (3) Nissan’s overpayment of defendant Ghosn had caused it to exceed its shareholder-approved executive pay cap, thus threatening its continued stock listing; (4) Nissan lacked effective internal and reporting controls; and (5) as a result, defendants’ statements about Nissan’s business metrics, operations, and financial prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Get additional information about the NSANY lawsuit: http://www.kleinstocklaw.com/pslra-1/nissan-motor-co-ltd-loss-submission-form?wire=3
Tenaris S.A. (NYSE: TS) Class Period: May 1, 2014 to November 27, 2018 Lead Plaintiff Deadline: February 11, 2019
The lawsuit alleges that throughout the class period, Tenaris S.A. made materially false and/or misleading statements and/or failed to disclose that: (1) Tenaris’s CEO and Chairman, Paolo Rocca, knew that one of his company’s executives paid cash to government officials from 2009 to 2012 to expedite compensation payments for the sale of Sidor; (2) this conduct would lead to Rocca being charged in a graft scheme, and subject Tenaris, its affiliates, and/or executives to heightened governmental scrutiny; and (3) as a result, Tenaris’s public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Get additional information about the TS lawsuit: http://www.kleinstocklaw.com/pslra-1/tenaris-s-a-loss-submission-form?wire=3
CURO Group Holdings Corp. (NYSE: CURO) Class Period: July 31, 2018 to October 24, 2018 Lead Plaintiff Deadline: February 4, 2019
The complaint alleges that throughout the class period Defendants materially misrepresented to investors the deleterious effect that the up-front loan loss provisioning in connection with a transition of its Canadian inventory to Open-Ended loans was having on the Company’s financial performance and 2018 full-year Company guidance. Because CURO’s Open-End Loans had a materially lower lending yield than the Single-Pay Products, and the portfolio of Open-End Loans was still immature and unseasoned, the up-front loan loss provisioning for these loans was far greater than publicly revealed (and the yield far lower). This caused the Company to materially overstate its 2018 projected financial results, including CURO’s adjusted EBITDA, net revenue and operating earnings.
Get additional information about the CURO lawsuit: http://www.kleinstocklaw.com/pslra-1/curo-group-holdings-corp-loss-submission-form?wire=3
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) Class Period: Purchasers of American Depositary Shares pursuant and/or traceable to the Company’s June 2017 IPO Lead Plaintiff Deadline: February 4, 2019
The complaint alleges that the Registration Statement contained untrue statements of material fact and omitted material facts. In particular, the Registration Statement downplayed and misrepresented Loma Negra’s exposure to a massive, ongoing corruption scandal engulfing its majority owner, InterCement Participações S.A. The Registration Statement further misrepresented a purported increased demand for Loma Negra’s cement and other products as a result of economic growth and government funding for public works projects in Argentina, as well as the purported benefits to Loma Negra from that increased demand. The Registration Statement also misrepresented events and trends in the Argentinian economy, as well as Loma Negra’s exposure thereto.
Get additional information about the LOMA lawsuit: http://www.kleinstocklaw.com/pslra-1/loma-negra-compania-industrial-argentina-sociedad-anonima-ads-loss-submission-form?wire=3
XPO Logistics, Inc. (NYSE: XPO) Class Period: February 26, 2014 to December 12, 2018 Lead Plaintiff Deadline: February 12, 2019
XPO Logistics, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) XPO’s highly touted aggressive M&A strategy had yielded only minimal returns to the Company; (ii) XPO was utilizing improper accounting practices to mask its true financial condition, including, inter alia, under-reporting of bad debts and aggressive amortization assumptions; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Get additional information about the XPO lawsuit: http://www.kleinstocklaw.com/pslra-1/xpo-logistics-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.