NEW YORK, NY / ACCESSWIRE / May 27, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
Servicemaster Global Holdings, Inc. (NYSE:SERV)
CONTACT JAKUBOWITZ ABOUT SERV:https://claimyourloss.com/securities/servicemaster-global-holdings-inc-loss-submission-form/?id=6911&from=1
Class Period : February 26, 2019 - November 4, 2019
Lead Plaintiff Deadline : June 9, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) ServiceMaster had failed to properly inspect and treat for Formosan termite activity; (b) as a result thereof, the Company was and continued to experience a material adverse trend of costly litigation from injured customers which was not disclosed to investors; (c) in an unsuccessful attempt to mitigate this trend, Defendants had been taking remedial measures since at least 2018, including drastically raising prices for termite treatments in Mobile, Alabama to deter contract renewals; and (d) as a result of the foregoing, ServiceMaster's financial results were reasonably likely to be impacted, and would continue to impact the Company into 2020.
iQIYI, Inc. (NASDAQ:IQ)
CONTACT JAKUBOWITZ ABOUT IQ:https://claimyourloss.com/securities/iqiyi-inc-loss-submission-form/?id=6911&from=1
The IQ lawsuit is on behalf of persons and entities other than Defendants that purchased or otherwise acquired: (a) iQIYI American Depository Shares pursuant and/or traceable to the Company's initial public offering conducted on or about March 29, 2018; or (b) iQIYI securities between March 29, 2018, and April 7, 2020.
Lead Plaintiff Deadline : June 15, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) iQIYI inflated its revenue figures; (2) iQIYI inflated its user numbers; (3) iQIYI inflated its expenses to cover up other fraud; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.
Hallmark Financial Services, Inc. (NASDAQ:HALL)
CONTACT JAKUBOWITZ ABOUT HALL:https://claimyourloss.com/securities/hallmark-financial-services-inc-loss-submission-form/?id=6911&from=1
Class Period : March 5, 2019 - March 17, 2020
Lead Plaintiff Deadline : July 6, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked effective internal controls over accounting and financial reporting related to reserves for unpaid losses; (2) the Company improperly accounted for reserve for unpaid losses and loss adjustment expenses related to its Binding Primary Commercial Auto business; (3) as a result, Hallmark Financial would be forced to report a $63.8 million loss development for prior underwriting years; (4) as a result, Hallmark Financial would exit from its Binding Primary Commercial Auto business; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:JAKUBOWITZ LAW1140 Avenue of the Americas9th FloorNew York, New York 10036T: (212) 867-4490F: (212) 537-5887
SOURCE: Jakubowitz Law
View source version on accesswire.com: https://www.accesswire.com/591602/LAWSUITS-FILED-AGAINST-SERV-IQ-and-HALL--JAKUBOWITZ-LAW-PURSUES-SHAREHOLDERS-CLAIMS