Verizon Communications Inc
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Communication Services : Diversified Telecommunication Services | Large Cap Value
Company profile

Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group. Its Consumer segment provides wireless and wireline communications services. Its wireless services are provided across wireless networks in the United States (U.S.) under the Verizon brand. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its fiber-optic network under the Fios brand and over a traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products.

Premarket

Last Trade
Delayed
$50.85
0.06 (0.12%)
Bid
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Closing Price
$50.79
Day's Change
0.00 (0.00%)
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Volume
(Light)
Volume:
10,421

10-day average volume:
24,901,801
10,421

NOVEMBER 12, 2021 LAWSUIT DEADLINE REMINDER FOR LONGEVERON INC. (NASDAQ: LGVN) SHAREHOLDERS: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Longeveron Inc.

1:16 pm ET November 9, 2021 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / November 9, 2021 / Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion no later than November 12, 2021, in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Longeveron Inc. ("Longeveron" or the "Company") (NASDAQ:LGVN) from February 9, 2021, through August 12, 2021 (the "Class Period"). The lawsuit filed in the United States District Court for the Southern District of Florida alleges violations of the Securities Act of 1934.

Image: https://www.accesswire.com/logos/thumbs/5184.jpg

If you purchased Longeveron securities, and/or would like to discuss your legal rights and options please visit Longeveron Inc Shareholder Class Action Lawsuit or contact Joe Seidman toll-free at (877) 779-1414 or seidman@bernlieb.com.

According to the complaint, Longeveron's Offering Documents were negligently prepared and, as a result, contained untrue statements of a material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Further, the Company issued materially false and/or misleading statements and failed to disclose adverse facts pertaining to Longeveron's business, operations, and compliance policies. Longeveron and the Offering Documents made false and/or misleading statements and/or failed to disclose that: (i) Lomecel-B was not as effective in treating aging frailty as Defendants had led investors to believe; (ii) accordingly, Lomecel-B's clinical and commercial prospects with respect to aging frailty were overstated; and (iii) as a result, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.

On August 13, 2021, Longeveron issued two press releases, one announcing topline results of the Phase 2b Aging Frailty Trial, and a second providing a corporate update and reporting the Company's financial results for the second quarter of 2021. Both press releases disclosed, among other results, that Lomecel-B had "not achiev[ed] . . . statistical significance for the pairwise comparison to placebo" with respect to the primary efficacy endpoint.

On this news, Longeveron's stock price fell $1.51 per share, or 27.91%, to close at $3.90 per share on August 13, 2021, representing a total decline of 61% from the Offering price.

As of the time the complaint was filed, Longeveron's stock price continues to trade below the $10.00 per share Offering price, damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than November 12, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Longeveron securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/longeveroninc-lgvn-shareholder-class-action-lawsuit-fraud-stock-439/ or contact Joe Seidman toll free at (877) 779-1414 or seidman@bernlieb.com.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information:

Joe Seidman

Bernstein Liebhard LLP

https://www.bernlieb.com

(877) 779-1414

seidman@bernlieb.com

SOURCE: Bernstein Liebhard LLP

View source version on accesswire.com:

https://www.accesswire.com/671785/NOVEMBER-12-2021-LAWSUIT-DEADLINE-REMINDER-FOR-LONGEVERON-INC-NASDAQ-LGVN-SHAREHOLDERS-Bernstein-Liebhard-LLP-Reminds-Investors-of-the-Deadline-to-File-a-Lead-Plaintiff-Motion-in-a-Securities-Class-Action-Lawsuit-Against-Longeveron-Inc

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COMTEX_396586613/2457/2021-11-09T13:16:16

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