The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of DNKEY, SOGO, PRGO and W

Jan 20, 2019

Legal Newswire POWERED BY LAW.COM

NEW YORK,  -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.        


Danske Bank A/S (OTCMKTS: DNKEY)
Class Period: Purchasers of American Depositary Receipts between January 9, 2014 and October 23, 2018
Lead Plaintiff Deadline: March 11, 2019


During the class period, Danske Bank A/S allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Danske Bank’s Estonian branch was facilitating money laundering through at least March 2016; (ii) that a whistleblower had reported the Estonian money laundering to the Company in 2013; (iii) that Denmark’s Financial Supervisory Authority (the “DFSA”) had been investigating the Estonian money laundering since 2014; (iv) that Danske Bank had concealed the results of its own internal investigation from the DFSA, further exposing it to regulatory action and fines; (v) that Danske Bank had been overstating its historical profits by including the profits derived from its illicit Estonian operations; and (vi) that Danske Bank lacked effective internal and reporting controls.


Get additional information about the DNKEY lawsuit: http://www.kleinstocklaw.com/pslra-1/danske-bank-a-s-loss-submission-form?wire=3


Sogou Inc. (NYSE: SOGO)
Class Period: Purchasers of American Depositary Shares pursuant and/or traceable to Sogou's false and misleading Registration Statement and Prospectus issued in connection with the Company's initial public offering on November 9, 2017
Lead Plaintiff Deadline: March 11, 2019


Throughout the class period, Sogou Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Chinese regulators were analyzing Sogou for regulatory action because of an increase in Sogou merchants’ sales of counterfeit goods; (ii) Chinese regulators were analyzing Sogou for regulatory action because Sogou’s existing software, advertising  procedures, personnel, and audit procedures were insufficient to safeguard against compliance violations with governing Chinese  regulations, and would need  to  be updated, enhanced, and strengthened, thus resulting in increased expenses; (iii) Sogou’s cost of revenues were skyrocketing primarily because of significant increases in Traffic Acquisition Cost, which is a primary driver of Sogou’s cost of revenues, as Sogou was dealing with significant price inflation from increased competition; (iv) Sogou was going to alter its strategy concerning smart hardware and push the Company’s AI capabilities to increase product competitiveness; (v) as a result of altering  its smart  hardware  strategy,  Sogou had already decided to phase out non-AI-enabled hardware products, such as legacy models of Teemo Smart Watch, and transition to use products integrating AI technologies, which Sogou hoped would reduce its hardware  revenue  in the second half of  2018; and (vi) as a result of the foregoing, Sogou’s  public statements were materially false and misleading at all relevant times.


Get additional information about the SOGO lawsuit: http://www.kleinstocklaw.com/pslra-1/sogou-inc-loss-submission-form?wire=3


Perrigo Company plc (NYSE: PRGO)
Class Period: November 8, 2018 to December 20, 2018
Lead Plaintiff Deadline: March 4, 2019


During the Class Period, and unbeknownst to investors, Perrigo misled investors by way of an SEC filing on November 8, 2018. On that date, Perrigo disclosed the existence of an audit finding letter from the Irish tax authorities without disclosing material details associated with the letter.


Get additional information about the PRGO lawsuit: http://www.kleinstocklaw.com/pslra-1/perrigo-company-plc-loss-submission-form?wire=3


Wayfair Inc. (NYSE: W)
Class Period: Class A shares between August 2, 2018 and October 31, 2018
Lead Plaintiff Deadline: March 11, 2019


According to the complaint, Wayfair Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) Wayfair had been experiencing significantly diminished demand for its online product offerings and had significantly increased advertising spending to grow sales; (2) Wayfair, which was already more than one-third of the way into 3Q18 when it announced its 2Q18 results on August 2, 2018, had already dramatically increased advertising spending for 3Q18; and (3) 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.


Get additional information about the W lawsuit: http://www.kleinstocklaw.com/pslra-1/wayfair-inc-loss-submission-form?wire=3


Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. There is no cost or obligation to you. 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.

URL : http://www.kleinstocklaw.com

Contact Information:

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com


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