Adrienne Bell, Esq. (484) 270-1435
Toll free (844) 887-9500
Credit Suisse is a global financial services company based in Zurich, Switzerland. Greensill Capital ( Greensill ), who for filed for insolvency protection on March 8, 2021, was a financial services company based in the United Kingdom and Australia focused on the provision of supply-chain financing and related services. Archegos Capital Management ( Archegos ) is a family office investment fund run by Sung Kook Hwang. Archegos investment holdings are primarily in the form of total return swaps, a financial instrument where the underlying securities are held by the banks that broker the investments.
The complaint alleges that throughout the Class Period, the defendants concealed material defects in Credit Suisse s risk policies and procedures and compliance oversight functions and efforts to allow high-risk clients to
Toll free (844) 887-9500
Canoo Holdings Ltd. ( Canoo Holdings ) was an electric vehicle company that touted a unique business model that defies traditional ownership to put customers first. On or about December 21, 2020, Canoo Holdings became a public entity via merger with Hennessy Capital, with the surviving entity named Canoo.
The complaint alleges that, throughout the Class Period, the defendants failed to disclose to investors that: (1) Canoo had decreased its focus on its plan to sell vehicles to consumers through a subscription model; (2) Canoo would deemphasize its engineering services business; (3) contrary to prior statements, Canoo did not have partnerships with original equipment manufacturers and no longer engaged in the previously announced partnership with Hyundai; and (4) as a result of the foregoing, the defendants positive statements about Canoo s business,
Adrienne Bell, Esq. (484) 270-1435
Toll free (844) 887-9500
Canaan designs, manufactures and sells bitcoin mining machines, primarily in the Peoples Republic of China.
The complaint alleges that, throughout the Class Period, the defendants concealed from the investing public that: (1) Canaan had experienced significant ongoing supply chain disruptions during the fourth quarter 2020; (2) the introduction of Canaan s next-generation A12 series bitcoin mining machines had cannibalized sales of the older product offerings during the fourth quarter 2020; (3) as a result of the foregoing, Canaan s fourth quarter 2020 sales and sales revenues had declined dramatically; and (4) as a result of the foregoing, Canaan was not on track to achieve the strong financial prospects it had led the market to believe.
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RADNOR, Pa., May 24, 2021 /PRNewswire/ The law firm of Kessler Topaz Meltzer & Check, LLP alerts investors that a securities fraud class action lawsuit has been filed against ChemoCentryx, Inc. (NASDAQ: CCXI) ( ChemoCentryx ) on behalf of those who purchased or acquired ChemoCentryx common stock
between November 26, 2019 and May 3, 2021, inclusive (the Class Period ).
Investor Reminder: Investors who purchased or acquired ChemoCentryx common stock
during the Class Period may,
no later than July 6, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at[email protected];
Adrienne Bell, Esq. (484) 270-1435
Toll free (844) 887-9500
Romeo is an energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles.
The complaint alleges that throughout the Class Period, the defendants concealed that: (1) Romeo had only two battery cell suppliers, not four; (2) the future potential risks that the defendants warned of concerning supply disruption or shortage had already occurred and were already negatively affecting Romeo s business, operations and prospects; (3) Romeo did not have the battery cell inventory to accommodate end-user demand and ramp up production in 2021; (4) Romeo s supply constraint was a material hindrance to Romeo s revenue growth; and (5) Romeo s supply chain for battery cells was not hedged, but in fact, was totally at risk and beholden to just two battery cell suppli