LOS ANGELES, July 8, 2020 (GLOBE NEWSWIRE) – Frank R. Cruz's law firm reminds investors that class action lawsuits have been filed on behalf of the shareholders of the following listed companies. Investors have until the deadlines listed below to file a petition from the main plaintiff.
Investors who experience losses on their investments are requested to contact Frank R. Cruz's law firm at 310-914-5007 or by email at firstname.lastname@example.org to exercise their legal rights in these class actions to discuss.
Elanco Animal Health Incorporated (NYSE: ELAN)
Class time: January 10, 2020 – May 6, 2020
Main plaintiff's deadline: July 20, 2020
The complaint lodged in this class action alleges that Elanco made materially false and / or misleading statements throughout the class period and did not disclose any material adverse facts about the business, operations, and prospects of the company. In particular, Elanco did not disclose to investors: (1) that after consolidating its distributors from eight to four, the company increased inventory, including animal companion products held by each distributor; (2) that Elanco's dealers did not have sufficient demand to sell through the inventory; (3) as a result, the company's earnings would reasonably decrease; (4) that as a result of the foregoing, Elanco would reduce its canal inventory related to pets; and (5) that the defendant's positive statements regarding the business, operations, and prospects of the company as a result of the foregoing were materially misleading and / or had no reasonable basis.
Ryder System, Inc. (NYSE: R)
Class time: July 23, 2015 – February 13, 2020
Main plaintiff's deadline: July 20, 2020
The complaint alleges that Ryder provided false and / or misleading information and / or did not disclose throughout the class period: (1) that Ryder's financial results, based on the company's practice, overstated the residual values of the vehicles in its vehicle, Fleets were inflated because there was no reasonable basis to believe that the company would sell its used vehicles for the amounts it had allocated them; and (2) as a result, Ryder's residuals for its vehicle fleet exceeded the expected future values that would be achieved from the sale of these vehicles to such an extent that the company ultimately posted a $ 357 million depreciation fee in 2019 to Ryder & # 39; s reduce its residual values to adjust them to the amounts for which they could realistically be sold.
Hamilton Beach Brands holding company (NYSE: HBB)
Class time: February 27, 2020 – May 8, 2020
Main plaintiff's deadline: July 21, 2020
The complaint alleges that Hamilton provided false and / or misleading information and / or did not disclose: (1) Hamilton had inadequate disclosure controls and procedures and internal control over financial reporting, particularly with regard to one of its Mexican subsidiaries; (2) As a result, Hamilton's accounting included certain irregularities in the timing of the recognition of sales and marketing costs and the classification of certain expenses in the income statement of this Mexican subsidiary, as well as potential misconduct regarding the feasibility of certain expenses of the assets of the Mexican subsidiary; (3) As a result of all of this, Hamilton was unable to confirm its financial results, particularly in relation to these metrics, and was therefore at increased risk of delaying the filing of its period reports with the SEC. and (4) as a result, the company's public statements at all relevant times were materially incorrect and misleading.
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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 email@example.com or visit our website at www.frankcruzlaw.com. When inquiring by email, please provide your mailing address, phone number and number of shares purchased.
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Frank R. Cruz's law firms, Los Angeles
Frank R. Cruz, 310-914-5007