The Legislation Workplaces of Frank R. Cruz Reminds Buyers of Class Actions on Behalf of Shareholders

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The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

LOS ANGELES, July 17, 2020 (GLOBE NEWSWIRE) – Frank R. Cruz's law firm reminds investors that class action suits have been filed on behalf of the shareholders of the following listed companies. Investors have until the deadlines listed below to file a request from the main plaintiff.

Investors who experience losses on their investments are asked to contact Frank R. Cruz's law firm at 310-914-5007 or by email at fcruz@frankcruzlaw.com to exercise their legal rights in these class actions to discuss.

PlayAGS, Inc. (NYSE: AGS)
Class time: August 2, 2018 – August 7, 2019
Main plaintiff's deadline: August 24, 2020

The complaint lodged in this class action alleges that the defendants have made materially incorrect and / or misleading statements throughout the class period and have not disclosed any material adverse facts about the business, operations, and prospects of the company. In particular, the defendants did not disclose to investors: (1) PlayAGS had challenges in its Oklahoma business; (2) that as a result the company's recurring earnings would be adversely affected; (3) PlayAGS faced challenges in its Interactive business, including delays in obtaining regulatory approvals and relevant licenses; (4) that PlayAGS would have a sufficient probability of an impairment of goodwill as a result of the foregoing; and (5) that the defendant's statements about the business, operations and prospects of the company were consequently materially false and misleading and / or had no reasonable basis at all relevant times.

Brookdale Senior Living Inc. (NYSE: BKD)
Class time: August 10, 2016 – April 29, 2020
Main plaintiff's deadline: August 24, 2020

The complaint lodged in this class action alleges that the defendants have made materially incorrect and / or misleading statements throughout the class period and have not disclosed any material adverse facts about the business, operations, and prospects of the company. In particular, the defendants did not disclose to investors: (1) that Brookdale's financial performance was supported, among other things, by the company's deliberately understaffing the senior citizens' communities; (2) that the foregoing conduct has exposed Brookdale to increased litigation risk and, once exposed, is likely to have a material adverse impact on the financial results and reputation of the company; (3) As a result, the company's financial results were unsustainable. and (4) as a result, the company's public statements at all relevant times were materially incorrect and misleading.

Cheetah Mobile, Inc. (NYSE: CMCM)
Class time: March 25, 2019 – February 20, 2020
Main plaintiff's deadline: August 25, 2020

The complaint lodged in this class action alleges that the defendants have made materially incorrect and / or misleading statements throughout the class period and have not disclosed any material adverse facts about the business, operations, and prospects of the company. In particular, the defendants did not notify investors: (1) that certain Cheetah Mobile apps did not meet the terms of the agreements with Google; (2) as a result, there was a reasonable likelihood that Google would terminate its advertising contracts with the company; (3) that the foregoing would adversely affect the Company's ability to attract new users; (4) that as a result the company's earnings would reasonably decrease; and (5) that the defendant's statements about the business, operations and prospects of the company were consequently materially false and misleading and / or had no reasonable basis at all relevant times.

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You do not need to take any action at this time to be a member of these class actions. You can keep a lawyer of your choice or take no action and remain an absent member of the class action lawsuit. If you would like to learn more about these class action lawsuits, or if you have any questions about this announcement or your rights or interests in relation to these matters, please contact Frank R. Cruz of the law firms of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, email info@frankcruzlaw.com or visit our website at www.frankcruzlaw.com. If you inquire by email, please provide your mailing address, telephone number and number of shares purchased.

In some countries, this press release may be considered a lawyer’s advertisement in accordance with applicable laws and ethical rules.

contacts

Frank R. Cruz's law firms, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

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