NEW YORK, July 23, 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.
Glencore plc (OTCMKTS: GLNCY, GLCNF)
Class Period: September 30, 2016 to July 2, 2018
Lead Plaintiff Deadline: September 7, 2018
The complaint alleges that throughout the class period Glencore plc made materially false and/or misleading statements and/or failed to disclose that: (i) Glencore’s conduct would subject it to heightened scrutiny by U.S. and foreign government bodies resulting in investigations into the company’s compliance with money laundering and bribery laws, as well as the Foreign Corrupt Practices Act; and (ii) as a result, defendants’ statements about Glencore’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times. On May 18, 2018, Bloomberg reported that the U.K.'s Serious Fraud Office was preparing to open a formal bribery investigation into Glencore. Then on July 3, 2018, Glencore disclosed that the U.S. Department of Justice issued its subsidiary a subpoena to produce documents and other records in connection with its compliance with U.S. money laundering statutes and the Foreign Corrupt Practices Act.
Get additional information about the GLNCY, GLCNF lawsuit: http://www.kleinstocklaw.com/pslra-c/glencore-plc?wire=3.
Aegean Marine Petroleum Network Inc. (NYSE: ANW)
Class Period: April 28, 2016 to June 4, 2018
Lead Plaintiff Deadline: August 6, 2018
The complaint alleges that during the class period Aegean Marine Petroleum Network Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Aegean had improperly accounted for an approximate $200 million of accounts receivable as of December 31, 2017; (2) Aegean failed to maintain effective internal control over financial reporting; and (3) as a result of the foregoing, Defendants’ statements about Aegean’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
Get additional information about the ANW lawsuit: http://www.kleinstocklaw.com/pslra-c/aegean-marine-petroleum-network-inc?wire=3.
Deutsche Bank Aktiengesellschaft (NYSE: DB)
Class Period: March 20, 2017 to March 30, 2018
Lead Plaintiff Deadline: August 6, 2018
The complaint alleges Deutsche Bank Aktiengesellschaft made materially false and/or misleading statements and/or failed to disclose that: (1) Deutsche Bank's internal control environment and infrastructure were materially weak and deficient; and (2) as a result, Deutsche Bank's statements about the Company's business and operations were materially false and misleading at all relevant times.
On May 31, 2018, The Wall Street Journal reported that the U.S. Federal Reserve had designated Deutsche Bank’s U.S. business as being in a “trouble condition,” citing concerns about “its controls around measuring financial exposure to clients and valuing collateral that backed loans.” It was also reported that the Federal Deposit Insurance Corporation (“FDIC”) added Deutsche Bank’s FDIC-insured subsidiary, Deutsche Bank Trust Company Americas, to a list of “problem banks” which are at-risk. On this news, Deutsche Bank’s share price fell $0.49 or over 4% to close at $11.08 on May 31, 2018.
Get additional information about the DB lawsuit: http://www.kleinstocklaw.com/pslra-c/deutsche-bank-aktiengesellschaft-2?wire=3.
REV Group, Inc. (NYSE: REVG)
Class Period: Pursuant to the IPO January 27, 2017 and January 27, 2017 to June 7, 2018
Lead Plaintiff Deadline: August 7, 2018
REV Group, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing cost inflation across many of the commodities and services it bought; the Company was experiencing difficulty obtaining the chassis necessary for production; the Company’s margins were being negatively impacted by a lower sales of high margin products; (2) the Company did not have “strong visibility into future net sales” to “effectively plan” and manage its backlog of vehicles; (3) the Company’s manufacturing operations were not operating efficiently or at a low cost to satisfy customer demand; (4) and as a result of the foregoing, Defendants’ statements about REV’s business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
Get additional information about the REVG lawsuit: http://www.kleinstocklaw.com/pslra-c/rev-group-inc?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 Joseph Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
Joseph 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:
Joseph 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