BENSALEM, Pa., April 20, 2022 (GLOBE NEWSWIRE) — The 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 as lead plaintiff.
Investors experiencing 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 at howardsmith@howardsmithlaw.com.
Meta Platforms, Inc. (NASDAQ:FB)
Course period: March 2, 2021 – February 2, 2022
Lead Applicant Deadline: May 9, 2022
Shareholders with losses of $100,000 or more are encouraged to contact the company.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Apple’s iOS privacy changes materially impacted Meta’s ability to deliver the type of targeted advertising that its customers wanted and, as a result, customer advertising spend dropped dramatically; (2) Meta’s mitigation efforts were improperly implemented or ineffective; (3) ad measurement was not accurate because mitigation efforts were failing; and (4) Meta did not have a plan in place to properly address the impact of the iOS privacy changes; and (5) as a result of the foregoing, the defendants’ public statements were materially false and misleading at all relevant times.
Celsius Holdings, Inc. (NASDAQ: CELH)
Course period: August 12, 2021 – March 1, 2022
Lead Applicant Deadline: May 16, 2022
The Complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose: (1) that the company incorrectly recorded expenses for non-monetary compensation based on shares for the second and third quarters of 2021; (2) that as a result, the Company’s financial statements for those periods would be restated, including to report a net loss for the third quarter of 2021; (3) that there was a material weakness in Celsius’s internal controls over financial reporting; and (4) that as a result of the foregoing, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.
Grab Holdings Limited (NASDAQ: GRAB, GRABW)
Course period: November 12, 2021 – March 3, 2022
Lead Applicant Deadline: May 16, 2022
The Complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose: (1) that Grab’s supply of drivers declined during the third trimester ; (2) that, as a result, Grab continued to invest heavily in driver and consumer incentives to “preemptively recalibrate the driver supply”; (3) that as a result, the Company’s financial results would be adversely affected, including, among other things, a significant decline in revenues; and (4) that as a result of the foregoing, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.
Cano Health, Inc. f/k/a Jaws Acquisition Corp. (NYSE: CANO)
Course period: May 18, 2020 – February 25, 2022
Lead Applicant Deadline: May 17, 2022
The Complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) Cano overstated its due diligence efforts and expertise in acquisition of target companies; (2) as a result, Cano performed inadequate due diligence to determine whether the Company, post-business combination, could properly account for the timing of revenue recognition as prescribed by ASC 606, particularly with respect to relates to Medicare risk adjustments; (3) as a result, the Company misreported its per capita revenues, direct patient expenses, accounts receivable, net of unpaid service provider costs, and accounts payable and accrued liabilities; (4) as a result, the Company was at increased risk of not filing one or more of its periodic financial reports on time; and (5) as a result of the foregoing, the defendants’ public statements were materially false and misleading at all relevant times.
To be a member of these class actions, you do not need to act at this time; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about these class actions, or if you have any questions about this announcement or your rights or interests in these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith , 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone at (215) 638-4847, toll free at (888) 638-4847, or by email at howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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contacts
Law Firms of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com