NEW YORK, Sep 18, 2019 (GLOBE NEWSWIRE via COMTEX) -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Netflix, Inc. (nasdaqgs:NFLX)
Class Period: April 17, 2019 to July 17, 2019
Lead Plaintiff Deadline: September 20, 2019
The complaint alleges that throughout the class period Netflix, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Netflix would not be able to gain its expected target number of new subscribers in the second quarter of 2019; (2) Netflix would also lose subscribers from the United States in the second quarter of 2019; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times.
Get additional information about the NFLX lawsuit: http://www.kleinstocklaw.com/pslra-1/netflix-inc-loss-submission-form?wire=3
Class Period: February 7, 2019 to July 25, 2019
Lead Plaintiff Deadline: September 30, 2019
The complaint alleges that during the class period Carbonite, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Carbonite's Server Backup VM Edition was of poor quality and technologically flawed; (ii) Carbonite was receiving poor reviews and complaints from customers about the Server Backup VM Edition; (iii) the poor quality and technological flaws of the Server Backup VM Edition was acting as a "disruptive" factor throughout the Carbonite salesforce and keeping that sales organization from closing opportunistically on several larger deals during fiscal 2019; and (iv) as a result of the foregoing, Carbonite lacked any reasonable basis for issuing its positive projections and financial forecasts.
Get additional information about the CARB lawsuit: http://www.kleinstocklaw.com/pslra-1/carbonite-inc-loss-submission-form?wire=3
2U, Inc. (nasdaqgs:TWOU)
Class Period: February 26, 2018 to July 30, 2019
Lead Plaintiff Deadline: October 7, 2019
According to the complaint, 2U, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (a) 2U's business model was fundamentally flawed because the Company's costs were growing disproportionately as it grew in size and complexity; (b) 2U could not take advantage of the promised economies of scale because its costs to attract each marginal student were actually increasing, not decreasing, as represented; (c) 2U was facing heightened competitive headwinds as alternative offerings flooded the marketplace and universities developed online courses in-house; (d) 2U's growth rate in student enrollment was decelerating and was poised to decline as the Company reached market saturation; (e) 2U's growth strategy was unsustainable, as the Company faced accelerating costs and had insufficient capital to achieve positive cash flows, improve margins or continue its revenue growth; and (f) as a result of (a)-(e), above, Defendants lacked any reasonable basis to issue 2U's projections and financial forecasts.
Get additional information about the TWOU lawsuit: http://www.kleinstocklaw.com/pslra-1/2u-inc-loss-submission-form?wire=3
Sarepta Therapeutics, Inc. /zigman2/quotes/206140855/composite SRPT -0.48%
Class Period: September 6, 2017 to August 19, 2019