ACCESS Newswire
29 Sep 2022, 20:31 GMT+10
NEW YORK, NY / ACCESSWIRE / September 29, 2022 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
TuSimple Holdings Inc. (NASDAQ:TSP)
Class Period: April 15, 2021 - August 1, 2022
Deadline: October 31, 2022
For more info:www.bgandg.com/tsp.
The Complaint alleges that defendants made materially false and misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and compliance policies. Specifically, the Complaint alleges that the statements misrepresented and/or failed to disclose that: (1) the Company's commitment to safety was significantly overstated and defendants concealed fundamental problems with the Company's technology; (2) the Company was rushing the testing of its autonomous driving technology in order to deliver driverless trucks to the market ahead of its more safety conscious competitors; (3) there was a corporate culture within the Company that suppressed or ignored safety concerns in favor of unrealistically ambitious testing and delivery schedules; (4) the aforementioned conduct made accidents involving the Company's autonomous driving technology more likely; (5) the aforementioned conduct invited enhanced regulatory scrutiny and investigatory action toward the Company; and (6) as a result, the Company's public statements were materially false and misleading at all relevant times.
Kohl's Corporation (NYSE:KSS)
Class Period: October 20, 2020 - May 19, 2022
Deadline: November 1, 2022
For more info:www.bgandg.com/kss.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Kohl's Strategic Plan was not well tailored to achieving the Company's stated goals; (2) the Defendants had likewise overstated the Company's success in executing its Strategic Plan; (3) Kohl's had deficient disclosure controls and procedures, internal control over financial reporting, and corporate governance mechanisms; (4) as a result, the Company's Board was able to and did withhold material information from shareholders about the state of Kohl's in the lead-up to the Company's annual meeting; (5) all the foregoing, once revealed, was likely to have a material negative impact on Kohl's financial condition and reputation; and (6) as a result, the Company's public statements were materially false and misleading at all relevant times.
Bed Bath & Beyond Inc. (NASDAQ:BBBY)
Class Period: March 25, 2022 - August 18, 2022
Deadline: November 7, 2022
For more info:www.bgandg.com/bbby.
The Complaint alleges that Defendants made materially misleading statements and omissions to investors regarding Bed Bath & Beyond's strategic company plans, financial condition, cooperation with Ryan Cohen ('Cohen') and RC Ventures LLC ('RC'), and reports of shares holding and selling during the Class Period. Specifically, the complaint alleges that: (1) Cohen and Arnal Gustavo ('Gustavo') engaged in a fraudulent scheme to artificially inflate the price of BBBY publicly traded stock, and more specifically, Cohen, Gustavo, and others, with JP Morgan Securities LLC's ('JPM') aiding and abetting, blatantly misrepresented the value and profitability of BBBY causing BBBY to (a) report revenues that was fictitious, and (b) announce publicly that the Company is successfully on the way spinning off Buybuy Baby to 'unlock[] full value' of this 'tremendous asset', when, in reality, the Buybuy Baby business were small, with minimal revenues, and outside companies would pay BBBY only a small fraction of the announced prices; and (2) among other things, Defendants submitted a materially false and constitutes a false written filing because (a) upon information and belief, Cohen sold most of the 9,450,100 Shares when the filing was submitted; (b) Cohen submitted the SEC filing for the purpose of creating buying frenzy of BBBY stocks so that Cohen can finish selling his shares at artificially inflated price on the public; and (c) Cohen actually dumped most of his shares 'as of the date hereof,' on August 16, 2022.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz and Grossman, LLC
Get a daily dose of Detroit Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Detroit Star.
More InformationISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
Belarusian President Alexander Lukashenko says the US could order Zelensky to suspend strikes if it truly seeks to end the conflict...
In his second term, President Donald Trump has not taken many actions that draw near-universal praise from across the political spectrum....
Detroit,[US], June 29 (ANI): Three birdies on the back nine helped Akshay Bhatia make the cut on the line at the Rocket Classic on...
The Democratic Republic of the Congo (DRC) and Rwanda signed a historic peace agreement in Washington on Friday to end years of armed...
The European Commission president has been under scrutiny over a multi-billion-dollar Covid-19 vaccine deal A group of lawmakers...
When the online review platform Yelp added a Black-owned tag in 2020, it boosted the visibility of Black-owned restaurants in Detroit....