NEW YORK, NY / ACCESSWIRE / June 8, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Servicemaster Global Holdings, Inc. (NYSE:SERV)
Class Period: February 26, 2019 - November 4, 2019
Lead Plaintiff Deadline: June 9, 2020
According to the complaint, Servicemaster Global Holdings, Inc. allegedly 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.
Learn about your recoverable losses in SERV: http://www.kleinstocklaw.com/pslra-1/servicemaster-global-holdings-inc-loss-submission-form?id=7219&from=1
Colony Capital, Inc. (NYSE:CLNY)
Class Period: August 9, 2019 - May 7, 2020
Lead Plaintiff Deadline: July 27, 2020
The CLNY lawsuit alleges Colony Capital, Inc. made materially false and/or misleading statements and/or failed to disclose during the class period that: (i) Colony's sale of its industrial real estate portfolio and the bifurcation of Colony Credit Real Estate's portfolio were foreseeably likely to negatively impact Colony's financial and operating results; (ii) certain of Colony's remaining portfolio companies carried unsustainable levels of debt secured by hotels and healthcare-related properties and were thus at a significant risk of default; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Learn about your recoverable losses in CLNY: http://www.kleinstocklaw.com/pslra-1/colony-capital-inc-loss-submission-form?id=7219&from=1
Wells Fargo & Company (NYSE:WFC)
Class Period: April 5, 2020 - May 5, 2020
Lead Plaintiff Deadline: August 3, 2020
The complaint alleges Wells Fargo & Company made materially false and/or misleading statements and/or failed to disclose that: (i) Wells Fargo planned to, and did, improperly allocate government-backed loans under the Paycheck Protection Program ("PPP"), and/or had inadequate controls in place to prevent such misallocation; (ii) the foregoing foreseeably increased the Company's litigation risk with respect to PPP allocation, as well as increased regulatory scrutiny and/or potential enforcement actions; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Learn about your recoverable losses in WFC: http://www.kleinstocklaw.com/pslra-1/wells-fargo-company-loss-submission-form?id=7219&from=1
Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE: The Klein Law Firm
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