NEW YORK, NY / ACCESSWIRE / May 18, 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.
DouYu International Holdings Limited (NASDAQ:DOYU)
CONTACT JAKUBOWITZ ABOUT DOYU:
https://claimyourloss.com/securities/douyu-international-holdings-limited-loss-submission-form/?id=6645&from=1
Affected investors purchased DOYU stock in the initial public offering pursuant and/or traceable to the documents used by defendants to conduct that offering.
Lead Plaintiff Deadline : May 26, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: as of the initial public offering: (i) DouYu’s risks related to its top streamers had materialized, including that: (a) a top streamer was actively misrepresenting herself on DouYu’s platform;and (b) costs associated with retaining top streamers was swelling; (ii) DouYu did not ensure that all of its products were fully compliant with current regulatory requirements before those products became available online; and (iii) key interactive features of DouYu’s “lucky draw”were non-compliant with current regulatory requirements.
Servicemaster Global Holdings, Inc. (NYSE:SERV)
CONTACT JAKUBOWITZ ABOUT SERV:
https://claimyourloss.com/securities/servicemaster-global-holdings-inc-loss-submission-form/?id=6645&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=6645&from=1
Class Period : March 29, 2018 - 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.
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 LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
SOURCE: Jakubowitz Law
View source version on accesswire.com:
https://www.accesswire.com/590268/LAWSUITS-FILED-AGAINST-DOYU-SERV-and-IQ--Jakubowitz-Law-Pursues-Shareholders-Claims
