Agnc Investment Corp
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Company profile

AGNC Investment Corp., formerly American Capital Agency Corp., is a real estate investment trust. The Company invests in agency residential mortgage-backed securities on a leveraged basis. Its investments consist of residential mortgage pass-through securities and collateralized mortgage obligations (CMOs) for which the principal and interest payments are guaranteed by a government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), or by the United States Government agency, such as the Government National Mortgage Association (Ginnie Mae) (collectively, GSEs). Its agency securities include agency residential mortgage-backed securities (Agency RMBS) and to-be-announced forward contracts (TBAs). Its Non-Agency Securities include credit risk transfer securities (CRT), non-agency residential mortgage-backed securities (Non-Agency RMBS) and commercial mortgage-backed securities (CMBS).

Closing Price
$14.03
Day's Change
-0.08 (-0.57%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.23
Day's Low
14.01
Volume
(Average)
Volume:
5,978,005

10-day average volume:
5,470,346
5,978,005

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Reminds STAAR Surgical (STAA) Investors of Securities Fraud Class Action and Encourages Investors with Losses to Contact the Firm Now

5:46 pm ET September 24, 2020 (Globe Newswire) Print

Hagens Berman urges STAAR Surgical Company (NASDAQ: STAA) investors to contact the firm now. A securities fraud class action has been filed and certain investors may have valuable claims.

Class Period: Feb. 26, 2020 - Aug. 10, 2020

Lead Plaintiff Deadline: Oct. 19, 2020

Visit: www.hbsslaw.com/investor-fraud/STAA

Contact An Attorney Now: STAA@hbsslaw.com

844-916-0895

STAAR Surgical Company (STAA) Securities Class Action:

According to the complaint, STAAR and senior management repeatedly overstated and/or mischaracterized (1) the company's sales and growth in China, (2) its marketing spend, and (3) its research and development expenditures.

Investors began to learn the truth, according to the complaint, after the markets closed on Aug. 5, 2020, when STAAR reported disappointing Q2 2020 sales and a net loss versus net income for the prior year second quarter. In addition, the company revealed its massive- and growing- exposure to a single distributor in China who accounted for 53% of Q2 2020 net sales versus 49% for the year-earlier quarter, and who accounted for 57% of trade receivables versus 43% for Q1 2020.

Then, on Aug. 11, 2020, research firm J Capital published a scathing report calling STAAR's China success story into serious question. More specifically, J Capital accused the company of overstating its sales in China by at least one-third (or $21.6 mln), "meaning all of the company's $14 mln in 2019 profit is fake." The report - based on over 75 interviews with former employees, site visits to China and Switzerland, and extensive review of public documents - concludes STAAR reports fake sales revenues by overstating sales and then marking up actual marketing costs to hide "phantom" revenue. J Capital also found STAAR's largest China client bought only about half the lenses STAAR reported.

These events caused the price of STAAR shares to sharply decline.

"We're focused on investors' losses and proving STAAR cooked its books by inflating its China sales," said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a STAAR investor, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding STAAR should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email STAA@hbsslaw.com.

About Hagens Berman

Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 844-916-0895

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