CLASS ACTION UPDATE for LRN, SPLK and KNDI: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / January 19, 2021 / 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.

LRN Shareholders Click Here:https://www.zlk.com/pslra-1/k12inc-information-request-form?prid=12248&wire=1
SPLK Shareholders Click Here:https://www.zlk.com/pslra-1/splunk-inc-loss-submission-form?prid=12248&wire=1
KNDI Shareholders Click Here:https://www.zlk.com/pslra-1/kandi-technologies-group-inc-loss-submission-form?prid=12248&wire=1

* ADDITIONAL INFORMATION BELOW *

K12 Inc. (NYSE:LRN)

LRN Lawsuit on behalf of: investors who purchased April 27, 2020 - September 18, 2020
Lead Plaintiff Deadline: January 19, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/k12inc-information-request-form?prid=12248&wire=1

According to the filed complaint, during the class period, K12 Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) K12 lacked the technological capabilities, infrastructures, and expertise to support the increased demand for virtual and blended education necessitated by the global pandemic; (ii) K12 lacked adequate cyberattack protocols and protections to prevent the disabling of its computer system; (iii) K12 was unable provide the necessary levels of administrative support and training to teachers, students, and parents; and (iv) based on the foregoing, Defendants lacked a reasonable basis for their positive statements about the Company's business, operations, and prospects and/or lacked a reasonable basis and omitted facts.

Splunk Inc. (NASDAQ:SPLK)

SPLK Lawsuit on behalf of: investors who purchased October 21, 2020 - December 2, 2020
Lead Plaintiff Deadline: February 2, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/splunk-inc-loss-submission-form?prid=12248&wire=1

According to the filed complaint, during the class period, Splunk Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times.

Kandi Technologies Group, Inc. (NASDAQ:KNDI)

KNDI Lawsuit on behalf of: investors who purchased March 15, 2019 - November 27, 2020
Lead Plaintiff Deadline: February 9, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/kandi-technologies-group-inc-loss-submission-form?prid=12248&wire=1

According to the filed complaint, during the class period, Kandi Technologies Group, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms length relationship with Kandi; (ii) the majority of Kandi's sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; (iii) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi's reported revenues and, in turn, have a foreseeable negative impact on the Company's reputation and valuation; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

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.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE:Levi & Korsinsky, LLP

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