CLASS ACTION UPDATE for KODK, GNUS and FSLY: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
NEW YORK, NY / ACCESSWIRE / September 28, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.
KODK Shareholders Click Here:https://www.zlk.com/pslra-1/eastman-kodak-company-information-request-form-2?prid=9649&wire=1
GNUS Shareholders Click Here:https://www.zlk.com/pslra-1/genius-brands-international-inc-information-request-form?prid=9649&wire=1
FSLY Shareholders Click Here:https://www.zlk.com/pslra-1/fastly-inc-information-request-form?prid=9649&wire=1
* ADDITIONAL INFORMATION BELOW *
Eastman Kodak Company (NYSE:KODK)
KODK Lawsuit on behalf of: investors who purchased July 27, 2020 - August 11, 2020
Lead Plaintiff Deadline: October 13, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/eastman-kodak-company-information-request-form-2?prid=9649&wire=1
According to a filed complaint, defendants failed to disclose that the Company had granted its Executive Chairman, James Continenza, and several other Company insiders millions of dollars' worth of stock options immediately prior to the Company publicly disclosing that it had received the $765 million loan, which Defendants knew would cause Kodak's stock to immediately increase in value once the deal was announced. In addition, while in possession of this material non-public information, Continenza and other Company insiders purchased tens of thousands of the Company's shares immediately prior to the announcement, again at prices that they knew would increase exponentially once news of the loan became public.
Genius Brands International, Inc (NASDAQ:GNUS)
GNUS Lawsuit on behalf of: investors who purchased March 17, 2020 - July 5, 2020
Lead Plaintiff Deadline: October 19, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/genius-brands-international-inc-information-request-form?prid=9649&wire=1
According to the Genius Brands lawsuit defendants made false and/or misleading statements and/or failed to disclose material information regarding: (i) Nickelodeon's purported broadcast expansion of Genius's Rainbow Rangers cartoon; (ii) subscription fees for the Kartoon Channel!; and (iii) the Company's growth potential and overall prospects as a company.
Fastly, Inc. (NYSE:FSLY)
FSLY Lawsuit on behalf of: investors who purchased May 6, 2020 - August 5, 2020
Lead Plaintiff Deadline: October 26, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/fastly-inc-information-request-form?prid=9649&wire=1
According to the filed complaint, during the class period, Fastly, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Fastly's largest customer was ByteDance, operator of TikTok, which was known to have serious security risks and was under intense scrutiny by U.S. officials; (2) there was a material risk that Fastly's business would be adversely impacted should any adverse actions be taken against ByteDance or TikTok by the U.S. government; and (3) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
You have until the lead plaintiff deadlines to 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.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
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