BENSALEM, Pa., April 07, 2020 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.
Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
Spirit AeroSystems Holdings, Inc. (NYSE: SPR)
Class Period: October 31, 2019 - February 27, 2020
Lead Plaintiff Deadline: April 10, 2020
The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) the Company lacked effective internal controls over financial reporting; (2) the Company did not comply with its established accounting principles related to potential contingent liabilities; and (3) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Six Flags Entertainment Corporation (NYSE: SIX)
Class Period: April 25, 2018 - February 19, 2020
Lead Plaintiff Deadline: April 13, 2020
The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) Riverside faced far more financial distress than disclosed to investors; (2) as a result, there was a high likelihood that Riverside would default on its payment obligations to the Company; (3) the Company’s international strategy, which relied predominantly on its exclusive agreements with Riverside to develop Six Flags-branded parks in China to drive revenue growth, was significantly less promising than represented to investors; and (4) as a result of the foregoing, Defendants’ statements about the Company’s business, operations and prospects lacked a reasonable basis.
Luckin Coffee Inc. (NASDAQ: LK)
IPO: May 17, 2019
Class Period: May 17, 2019 - April 2, 2020
Lead Plaintiff Deadline: April 13, 2020
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose: (1) that certain of Luckin’s financial performance metrics, including per-store per-day sales, net selling price per item, advertising expenses, and revenue contribution from “other products” were inflated; (2) that Luckin’s financial results thus overstated the Company’s financial health and were consequently unreliable and would likely require restatement; and (3) as a result, Defendants’ statements about Luckin’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.
CPI Aerostructures, Inc. (NYSE: CVU)
Class Period: May 15, 2018 - February 14, 2020
Lead Plaintiff Deadline: April 24, 2020
The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) CPI Aerostructures’ financial statements included in its Forms 10-Q for the first, second, and third quarters of 2018 and of 2019 incorrectly applied generally accepting accounting principles and thus revenue, net income, retained earnings, and contract assets were overstated; (2) as a result, the financial statements included in the Form 10-Qs for 2018 and for 2019 and the annual report on Form 10-K for 2018 could no longer be relied upon and required restatement; (3) CPI Aerostructures lacked adequate internal controls over financial reporting and effective disclosure controls and procedures as of the period during each reporting period of 2018; (4) CPI Aerostructures lacked effective disclosure controls and procedures during the third quarter of 2019; and (5) as a result, CPI Aerostructures’ public statements were materially false and/or misleading at all relevant times.
To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com