CLASS ACTION UPDATE for STMP, WTW, BPI and NIO: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

Mar 19, 2019

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NEW YORK,  -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.


Stamps.com Inc. (NASDAQ: STMP)
Class Period: 
May 3, 2017 - February 21, 2019
Lead Plaintiff Deadline: April 29, 2019
Join the action: https://www.zlk.com/pslra-1/stamps-com-inc-loss-form?wire=3


The lawsuit alleges: Stamps.com Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company’s financial results depended on the manipulation of a USPS program that cost USPS an estimated $235 million per year; and (ii) as a result, the Company’s business was unsustainable and its financial results were highly misleading.


To learn more about the Stamps.com Inc. class action contact jlevi@levikorsinsky.com.


Weight Watchers International, Inc. (NASDAQ: WTW)
Class Period: 
May 4, 2018 - February 26, 2019
Lead Plaintiff Deadline: May 3, 2019
Join the action: https://www.zlk.com/pslra-1/weight-watchers-international-inc-loss-form?wire=3


The lawsuit alleges: Weight Watchers International, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (a) Weight Watchers was experiencing diminished subscriber demand attributable due to the onslaught of new competing smartphone fitness apps, meal-delivery services, and other tech advances was driving down Weight Watchers’ new subscriber growth and its subscriber retention rates; (b) diminished subscriber growth, when coupled with the much larger number of fourth quarter subscription lapses that Weight Watchers typically experiences, made it highly unlikely that the Company would retain four million subscribers by the end of 2018; (c) Weight Watchers was not on track to grow its subscriber count to five million or to drive annual revenues to more than $2 billion by the end-of-2020; (d) a decreased subscriber count would result in decreased revenues and profits; and (e) as a result, Defendants’ statements about Weight Watchers’ business metrics and financial prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.   


To learn more about the Weight Watchers International, Inc. class action contact jlevi@levikorsinsky.com.


Bridgepoint Education Inc. (NYSE: BPI)
Class Period: 
March 8, 2016 - March 7, 2019
Lead Plaintiff Deadline: May 10, 2019
Join the action: https://www.zlk.com/pslra-1/bridgepoint-education-inc-loss-form?wire=3


The lawsuit alleges that, during the class period, Bridgepoint Education Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Bridgepoint’s processes for recording revenue for its FTG program were inaccurate; (ii) Bridgepoint maintained deficient internal controls; (iii) due to the foregoing deficiencies, Bridgepoint was prone to and did commit material accounting errors related to revenue, provision for bad debts, accounts receivable and deferred revenue, which resulted in the overstatement of revenue and expenses; and (iv) as a result, Bridgepoint’s public statements were materially false and misleading at all relevant times.


To learn more about the Bridgepoint Education Inc. class action contact jlevi@levikorsinsky.com.


NIO Inc. (NYSE: NIO)
Class Period: 
Purchasers of American Depositary Shares between September 12, 2018 and March 5, 2019
Lead Plaintiff Deadline: May 13, 2019
Join the action: https://www.zlk.com/pslra-1/nio-inc-loss-form?wire=3


The lawsuit alleges: NIO Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) NIO would not be building its own manufacturing plant and would instead continue to rely on JAC Auto to manufacture its vehicles; (2) reductions in government subsidies for electric cars would materially impact NIO’s sales; and (3) as a result, Defendants’ statements about NIO’s business, operations, and prospects were materially false and misleading at all  relevant times.


To learn more about the NIO Inc. class action contact jlevi@levikorsinsky.com.


You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.


Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

URL : http://www.zlk.com

Contact Information:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com


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