Ubiquiti Inc. (NYSE: UI) Securities Fraud Class Action:
The complaint centers on Defendants false disclosures concerning the nature and scope of a serious security breach incident at Ubiquiti.
Specifically, on Jan. 11, 2021, Ubiquiti urged customers to change their passwords and enable multi-factor authentication after it became aware of unauthorized access to certain of its IT systems hosted by a third-party cloud provider. Defendants also downplayed the seriousness of the incident and repeatedly stated that they only became aware of the breach in Jan. 2021.
But, on Mar. 30, 2021, the truth emerged when
KrebsOnSecurity reported that a Ubiquiti security professional who worked on the company s response to the breach said (1) work actually began in Dec. 2020, (2) [t]he breach was massive, customer data was at risk, access to customers devices deployed in corporations and homes aroun
Danimer Scientific, Inc. (NYSE: DNMR) Securities Fraud Action:
The complaint alleges that Danimer made misrepresentations and omissions concerning its production of polyhydroxyalkanoate ( PHA ) – a biodegradeable alternative to petrochemical-based plastics, which the company sells under its proprietary Nodax brand for usage in water bottles, straws, and food containers.
The truth emerged over a series of disclosures, beginning on Mar. 20, 2021, when the
Wall Street Journal questioned whether Nodax s breaks down far more quickly than fossil-fuel plastics, finding many claims about Nodax s are exaggerated and misleading. One plastics expert labeled Danimer s claims about Nodax s biodegradability as not accurate and as greenwashing.
Next, on Apr. 22, 2021 analyst
HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages ContextLogic (WISH) Investors with Significant Losses to Contact Its Attorneys Now, Securities Class Action Pending
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Hagens Berman urges ContextLogic Inc.
(NASDAQ: WISH) investors with significant losses to submit your losses now. A securities class action is pending and certain investors who purchased shares in the company s December 2020 IPO or on the open market may have valuable claims.
Class Period: Dec. 16, 2020 – May 12, 2021
Lead Plaintiff Deadline: July 16, 2021
844-916-0895
ContextLogic Inc. (NASDAQ: WISH) Securities Class Action:
The complaint alleges that ContextLogic s IPO registration documents materially overstated the company s business metrics and financial prospects. Specifically, the IPO registration documents touted ContextLogic s exponential monthly active user (MAUs) growth, claiming its then108 million MAUs was a key driver of revenue growth.
/PRNewswire/ Hagens Berman urges Aterian, Inc. (NASDAQ: ATER) f/k/a Mohawk Group Holdings (MWK) investors with significant losses to submit your losses now..