The Regulation Places of work of Frank R. Cruz Reminds Buyers of Class Actions on Behalf of Shareholders

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

LOS ANGELES, July 9, 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 to exercise their legal rights in these class actions to discuss.

Casper Sleep Inc. (NYSE: CSPR)
Class time: On or around February 7, 2020 IPO
Main plaintiff's deadline: August 18, 2020

The complaint alleges that the accused have provided false and / or misleading information and / or not disclosed throughout the teaching period: (1) that Casper's profit margins have actually decreased rather than increased; (2) that Casper switched major distribution partners and cost 130 basis points gross margin in the first quarter of 2020 alone; (3) Casper owned a lot of old and outdated mattress stocks that were sold at greatly reduced clearance prices, which further affected the company's profitability; (4) Casper suffered accelerated losses, further out of reach of its ability to generate positive cash flows and profitability; (5) that Casper’s core businesses were not profitable, but the company had negative cash flow in excess of $ 40 million in the first quarter of 2020 alone and doubled its quarterly net loss over the previous year; (6) As a result of the foregoing, Casper's ability to achieve profitability, implement its growth initiatives and expand internationally had been misrepresented in the offer documents as the company had to shut down its European operations, stop all international expansion and throw it overboard the global workforce of companies that significantly restrict new openings to avoid an impending cash and liquidity crisis, let alone generate positive operating cash flows; and (7) as a result of the foregoing, Casper's revenue growth rate was unsustainable and had not enabled the company to achieve profitability.

Endo International plc (NASDAQ: ENDP)
Class time: August 8, 2017 – June 10, 2020
Main plaintiff's deadline: August 18, 2020

The complaint alleges that defendants have made and / or failed to make false and / or misleading statements throughout the teaching period: (1) that the full scope of Endo and / or its subsidiaries' contributions to the opioid crisis, including but not limited to the disproportionate negative effects of their opioid products on New York, one of the most populous states in the United States, and the fraud committed by the defendants in the New York insurance market; (2) This part of this contribution to the crisis included the publication and dissemination of incorrect Endo information about the risks and benefits of opioids to healthcare providers. (3) that the foregoing, once disclosed, would likely expose Endo and / or its subsidiaries to increased regulatory oversight and enforcement, and significant financial and / or reputational damage, particularly with respect to New York; and (4) that the company's public statements were consequently, at all relevant times, significantly incorrect and misleading.

United States Oil Fund, LP (NYSE Arca: USO)
Class time: March 19, 2020 – April 28, 2020
Main plaintiff's deadline: August 18, 2020

Shareholders with a loss of $ 100,000 or more are encouraged to contact the company

The complaint alleges that throughout the class period, the defendants have stated that USO would achieve its investment objective by investing essentially all of its portfolio assets in the next month's WTI futures contract. However, without the knowledge of investors, USO's alleged investment objective and strategy could not have been realized due to market conditions in early 2020, including a "super contango" in which oil futures prices significantly exceeded spot prices because of the Cushing warehouses , Oklahoma, approaching capacity. Instead of uncovering the known effects and risks, USO held an offer of billions of USO shares in March 2020.

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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 or visit our website at When inquiring by email, please provide your mailing address, phone 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.


Frank R. Cruz's law firms, Los Angeles
Frank R. Cruz, 310-914-5007


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