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LOS ANGELES, Dec. 28, 2021 (GLOBE NEWSWIRE) – Law firms of Frank R. Cruz remind investors that class actions have been filed on behalf of shareholders of the following publicly traded companies. Investors have until the deadlines indicated below to file a request as principal applicant.
Investors experiencing losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email at [email protected].
Playtika Holding Corp. (NASDAQ: PLTK)
Course period: January 15, 2021 to November 2, 2021
Lead Applicant Deadline: January 24, 2022
The complaint filed alleges that the defendants made materially false and / or misleading statements, and that they failed to disclose material adverse facts regarding the business, operations and prospects of the company. Specifically, the Defendants have made false and / or misleading statements and / or failed to disclose that: (i) the Company’s total year-over-year costs and costs related to sales and marketing and research and development were set to increase significantly by the third quarter of 2021; (ii) the success of the Company’s gaming portfolio was less sustainable than what the Company had represented; (iii) the aforementioned issues were likely to have a negative impact on the Company’s revenues and profits; and (iv) accordingly, the Company’s public statements were materially false and misleading at all material times.
Alfi, Inc. (NASDAQ: ALF, ALFIW)
Course period: from May 4, 2021 to November 15, 2021
Lead Applicant Deadline: January 31, 2022
The complaint filed alleges that throughout the Class Period, the Defendants made materially false and misleading representations regarding the business, operations and prospects of the Company. Specifically, the Defendants made false and / or misleading statements and / or failed to disclose that: (i) Alfi maintained deficient disclosure controls and procedures and internal control over financial reporting; (ii) accordingly, the Company and its employees could and did participate in corporate transactions and other matters without sufficient and appropriate consultation with or approval by the Board of Directors of the Company; (iii) all of the above increased the risk of internal and regulatory investigations on the Company and its employees; (iv) all of the foregoing, when disclosed, was likely to have a material adverse effect on the reputation of the Company, its financial condition and its ability to timely file periodic reports with the SEC; and (v) accordingly, the Company’s public statements were materially false and misleading at all material times.
Berkeley Lights (NASDAQ: BLI)
Course period: July 17, 2020 – September 14, 2021
Lead Applicant Deadline: February 7, 2022
The complaint filed alleges that throughout the Claim Period, the Defendants made materially false and / or misleading statements, as well as failed to disclose material adverse facts regarding the business, operations and prospects of the Company. . Specifically, the defendants did not disclose to investors: (1) that Berkeley Lights’ flagship instrument, the Beacon, suffered from numerous design and manufacturing flaws, including failures, high error rates, data integrity issues and other issues, limiting the ability of biotechnology companies and research institutes to consistently use machines on a large scale; (2) that Berkeley Lights had received numerous customer complaints regarding the durability and effectiveness of the Company’s automation systems, including design and manufacturing complaints detailed above and described herein ; (3) that the actual market for Berkeley Lights products and services was only a fraction of the $ 23 billion that investors represented due, among other things, to the relatively high cost of the company’s instruments and consumables and its inability to provide the sustained performance necessary to justify these high costs; and (4) as a result, the Defendants’ statements regarding its business, operations and prospects were materially false and misleading and / or lacked reasonable basis at all material times.
Paysafe Limited (NYSE: PSFE, BFT)
Course period: December 7, 2020 – November 10, 2021
Lead Applicant Deadline: February 8, 2022
Shareholders with losses of $ 200,000 or more are encouraged to contact the company
The lawsuit filed in connection with this class action alleges that throughout the class action period, the defendants made false and / or misleading statements, and failed to disclose material adverse facts regarding the business, operations and the outlook of the company. Specifically, the Defendants did not disclose to investors: (1) that Paysafe was adversely affected by regulations on gambling in major European markets; (2) that Paysafe was experiencing performance issues in its Digital Wallet segment; (3) that new e-commerce customer agreements were postponed; and (4) that due to the foregoing, the Defendants’ positive statements regarding the business, operations and prospects of the Company were materially misleading and / or lacked reasonable basis.
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To be a member of these class actions, you do not need to take any action at this time; you can retain the services of a lawyer of your choice or take no action and remain an absent member of the class action. If you would like to learn more about these class actions, or if you have any questions regarding this announcement or your rights or interests in any such matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067 at 310-914-5007, by email at [email protected], or visit our website at www.frankcruzlaw.com. If you are applying by email, please include your mailing address, phone number and number of shares purchased.
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and ethical rules.
Contacts
The Law Firms of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com
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