LOS ANGELES, Sep 9, 2020 (GLOBE NEWSWIRE) – Frank R. Cruz's law firm is reminding investors that class action lawsuits have been filed on behalf of the shareholders of the following publicly traded companies. Investors have until the deadlines set out below to file a motion from the lead plaintiff.
Investors suffering losses on their investments are encouraged to contact the Frank R. Cruz law firm at 310-914-5007 or email firstname.lastname@example.org for their statutory rights in these class actions to discuss.
Airbus SE (OTC: EADSY, EADSF)
Classes: February 24, 2016 – July 30, 2020
Deadline of the main plaintiff: 5th October 2020
The complaint filed in this class action alleges that throughout the class period, Airbus made materially false and / or misleading statements and did not disclose material adverse facts about the business, operations and prospects of the company. Specifically, Defendants have failed to advise investors: (1) that Airbus policies and protocols were inadequate to ensure the Company's compliance with relevant anti-corruption laws and regulations; (2) as a result, Airbus has committed bribery, corruption and fraud in order to improve its business in relation to its commercial aircraft, helicopter and defense equipment business; (3) As a result, Airbus' profits were in part derived from unlawful conduct and were therefore unsustainable. (4) the full scope and gravity of Airbus' misconduct; (5) This government investigation resolution against Airbus is expected to cost Airbus billions in billing and legal costs and subject the company to significant ongoing government investigations and oversight. and (6) that as a result, the Company's public statements were materially false and misleading at all relevant times.
Eastman Kodak Company (NYSE: KODK)
Teaching time: July 27, 2020 – August 7, 2020
Deadline of the main plaintiff: October 13, 2020
The complaint filed in this class action alleges that throughout the class period, defendants made materially false and / or misleading statements and did not disclose material adverse facts about the business, business and prospects of the company. Specifically, defendants have failed to advise investors that the company granted multi-million dollar stock options to its chairman, James Continenza, and several other insiders, just before the company publicly announced the US $ 765 million loan – The Defendants knew that Kodak's stock would immediately appreciate in value after the deal was announced. While in possession of this material nonpublic information, Continenza and other insiders at the company bought tens of thousands of shares in the company immediately prior to the announcement, again at prices they knew would grow exponentially once the news of the loan was released.
Cabot Oil & Gas Corporation (NYSE: COG)
Classes: October 23, 2015 – June 12, 2020
Deadline of the main plaintiff: October 13, 2020
The complaint filed in this class action alleges that, throughout the class period, Cabot made materially false and / or misleading statements and did not disclose material adverse facts about the company's business, business and prospects. In particular, Defendants have failed to advise investors: (1) that Cabot has inadequate environmental controls and procedures and / or has not adequately mitigated known issues related to those controls and procedures; (2) As a result, Cabot was unable to repair faulty gas wells, among other things, which polluted Pennsylvania's water supplies with stray gas migration. (3) that the foregoing would likely expose Cabot to increased government control and enforcement as well as increased reputational and financial damage; (4) that Cabot has continuously downplayed its potential civil and / or criminal obligations in relation to such environmental matters; and (5) as a result, the Company's public statements at all relevant times have been materially false and misleading.
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To be a member of these class actions, you do not need to take any action at this point. You can keep an attorney of your choice or you can take no action and remain an absent member of the class action. If you would like to learn more about this class action lawsuit, 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 Frank R. Cruz law firms, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, via email to email@example.com or visit our website at www.frankcruzlaw.com. When inquiring by email, please include your mailing address, telephone number and number of shares purchased.
This press release may be viewed as a solicitor advertisement in some jurisdictions under applicable laws and ethical rules.
The Frank R. Cruz Law Firms, Los Angeles
Frank R. Cruz, 310-914-5007