NEW YORK, NY / ACCESSWIRE / November 23, 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.
Turquoise Hill Resources Ltd. (NYSE:TRQ)
CONTACT JAKUBOWITZ ABOUT TRQ:https://claimyourloss.com/securities/turquoise-hill-resources-ltd-loss-submission-form/?id=11125&from=1
Class Period : July 17, 2018 - July 31, 2019
Lead Plaintiff Deadline : December 14, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the progress of underground development of Oyu Tolgoi was not proceeding as planned; (ii) there were significant undisclosed underground stability issues that called into question the design of the mine, the projected cost and timing of production; (iii) the company's publicly disclosed estimates of the cost, date of completion and dates for production from the underground mine were not achievable; (iv) the development capital required for the underground development of Oyu Tolgoi would cost substantially more than a billion dollars over what the company had represented; and (v) Turquoise Hill would require additional financing and/or equity to complete the project.
Raytheon Technologies Corporation (NYSE:RTX)
CONTACT JAKUBOWITZ ABOUT RTX:https://claimyourloss.com/securities/raytheon-technologies-corporation-loss-submission-form/?id=11125&from=1
Class Period : February 10, 2016 - October 27, 2020
Lead Plaintiff Deadline : December 29, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Raytheon had inadequate disclosure controls and procedures and inadequate internal control over financial reporting; (2) Raytheon had faulty financial accounting; (3) as a result, Raytheon misreported its costs regarding Raytheon Company's Missiles & Defense business since 2009; (4) as a result of the foregoing, Raytheon was at risk of increased scrutiny from the government; (5) as a result of the foregoing, Raytheon would face a criminal investigation by the U.S. Department of Justice; and (6) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Biogen Inc. (NASDAQ:BIIB)
CONTACT JAKUBOWITZ ABOUT BIIB:https://claimyourloss.com/securities/biogen-inc-loss-submission-form/?id=11125&from=1
Class Period : October 22, 2019 - November 6, 2019
Lead Plaintiff Deadline : January 12, 2021
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the larger dataset did not provide necessary data regarding aducanumab's effectiveness; (2) the EMERGE study did not and would not provide necessary data regarding the effectiveness of aducanumab, Biogen's investigational human monoclonal antibody studied for the treatment of early Alzheimer's disease; (3) the PRIME study did not and would not provide necessary data regarding aducanumab's effectiveness; (4) the data provided by the Company to the U.S. Food and Drug Administration's Peripheral and Central Nervous System Drugs Advisory Committee did not support finding efficacy of aducanumab; and (5) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
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/617921/LAWSUITS-FILED-AGAINST-TRQ-RTX-and-BIIB--Jakubowitz-Law-Pursues-Shareholders-Claims