Investor Alert

New York Markets Open in:

June 15, 2020, 3:02 p.m. EDT

CLASS ACTION UPDATE for BBBY, WORX and GRPN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Bed Bath & Beyond Inc. (BBBY)
  • X
    SCWorx Corp. (WORX)
  • X
    Groupon Inc. (GRPN)

or Cancel Already have a watchlist? Log In

June 15, 2020 (ACCESSWIRE via COMTEX) -- NEW YORK, NY / ACCESSWIRE / June 15, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

BBBY Shareholders Click Here: https://www.zlk.com/pslra-1/bed-bath-beyond-inc-loss-form?prid=7363&wire=1 WORX Shareholders Click Here: https://www.zlk.com/pslra-1/scworx-corp-loss-submission-form?prid=7363&wire=1 GRPN Shareholders Click Here: https://www.zlk.com/pslra-1/groupon-inc-loss-form?prid=7363&wire=1

* ADDITIONAL INFORMATION BELOW *

Bed Bath & Beyond Inc. /zigman2/quotes/209801102/composite BBBY +4.54%

BBBY Lawsuit on behalf of: investors who purchased October 2, 2019 - February 11, 2020Lead Plaintiff Deadline: June 15, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/bed-bath-beyond-inc-loss-form?prid=7363&wire=1

According to the filed complaint, during the class period, Bed Bath & Beyond Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) due to "aggressive disposition of inventory," the Company lacked sufficient inventory in key categories to support holiday sales; (2) the Company's internal control over inventory levels and financial reporting was not effective; (3) as a result of the foregoing, the Company was likely to experience reduced sales; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

SCWorx Corp. /zigman2/quotes/201049113/composite WORX -46.13%

WORX Lawsuit on behalf of: investors who purchased April 13, 2020 - April 17, 2020Lead Plaintiff Deadline: June 29, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/scworx-corp-loss-submission-form?prid=7363&wire=1

According to the filed complaint, during the class period, SCWorx Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) SCWorx's supplier for COVID-19 tests had previously misrepresented its operations; (2) SCWorx's buyer was a small company that was unlikely to adequately support the purported volume of orders for COVID-19 tests; (3) as a result, the Company's purchase order for COVID-19 tests had been overstated or entirely fabricated; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Groupon, Inc. /zigman2/quotes/207356672/composite GRPN -3.34%

GRPN Lawsuit on behalf of: investors who purchased November 4, 2019 - February 18, 2020Lead Plaintiff Deadline: June 29, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/groupon-inc-loss-form?prid=7363&wire=1

According to the filed complaint, during the class period, Groupon, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing fewer customer engagements in its Goods category; (2) Groupon relied on its Goods category to drive its sales, especially during the holiday season; (3) as a result of the foregoing, the Company was likely to experience reduced sales; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLPJoseph E. Levi, Esq.55 Broadway, 10th FloorNew York, NY 10006 jlevi@levikorsinsky.com Tel: (212) 363-7500Fax: (212) 363-7171 http://www.zlk.com

SOURCE: Levi & Korsinsky, LLP

View source version on accesswire.com: https://www.accesswire.com/593955/CLASS-ACTION-UPDATE-for-BBBY-WORX-and-GRPN-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright 2020 ACCESSWIRE

/zigman2/quotes/209801102/composite
US : U.S.: Nasdaq
$ 12.66
+0.55 +4.54%
Volume: 8.95M
Aug. 10, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$1.53 billion
Rev. per Employee
$191,341
loading...
/zigman2/quotes/201049113/composite
US : U.S.: Nasdaq
$ 3.10
-2.66 -46.13%
Volume: 6.22M
Aug. 10, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
N/A
Rev. per Employee
$76,127
loading...
/zigman2/quotes/207356672/composite
US : U.S.: Nasdaq
$ 24.91
-0.86 -3.34%
Volume: 6.98M
Aug. 10, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$740.45 million
Rev. per Employee
$400,965
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.