Recent Security Class Actions

On August 29, 2023, NAPCO Security Technologies, Inc. was sued for violations of the federal securities laws in the United States District Court for the Eastern District of New York  on behalf of investors who purchased or otherwise
acquired publicly traded NAPCO securities between November 7, 2022 and August 18, 2023, inclusive (the “Class Period”).

On August 1, 2023, Verizon Communications Inc. was sued for violations of the federal securities laws in the United States District Court for the Western District of Pennsylvania on behalf of investors who purchased or otherwise
acquired publicly traded Verizon securities between February 4, 2020 and July 26, 2023, inclusive (the “Class Period”).

On July 28, 2023, AT&T Inc. was sued for violations of the federal securities laws in the United States District Court for the District of New Jersey on behalf of investors who who purchased or otherwise acquired publicly traded AT&T securities between March 1, 2020 and July 26, 2023, inclusive (the “Class Period”).

According to the Complaint, LivePerson, Inc. delivers mobile and online messaging solutions through Conversational Artificial Intelligence ("AI"). Conversational AI operates through the Business and Consumer segments. In February 2022 the Company acquired its subsidiary WildHealth.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) LivePerson failed to address any material weaknesses with internal controls; (2) LivePerson's third quarter financial statements, ended in September 30, 2022 failed to disclose WildHealth's suspension of Medicare reimbursement; (3) as a result, LivePerson's fourth quarter 2022 revenue would be affected; and (4) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

According to the Complaint, DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States.

The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company overstated its operational efficiency and maintained a deficient cybersecurity and information technology infrastructure; (ii) as a result of the foregoing, the Company was unable to properly secure customer data, leaving it vulnerable to access by malicious third parties; (iii) the foregoing cybersecurity deficiencies also both rendered Dish's operations susceptible to widespread service outages and hindered the Company's ability to respond to such outages; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

According to the Complaint, Alphabet Inc. is a multinational technology conglomerate holding company. It was created through a restructuring of Google Inc. in October 2015, at which point Alphabet became the parent company of Google and several former Google subsidiaries.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Alphabet used its dominance in the field of digital advertising to disadvantage website publishers and advertisers who used competing advertising products; (ii) the foregoing conduct was anticompetitive in nature and likely to draw significant regulatory scrutiny; (iii) Alphabet's revenues were unsustainable to the extent that they were the product of said anticompetitive conduct; (iv) Alphabet's conduct, once revealed, would negatively impact the Company's reputation and expose it to a heightened risk of litigation and regulatory enforcement action; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

According to the Complaint, Fidelity National Information Services, Inc. provides global e-commerce and payment technologies to financial institutions and businesses and, in recent years, has become the largest processing and payments company in the world.

On July 31, 2019, Fidelity National announced it had completed the acquisition of payments company Worldpay, Inc. for $43 billion, which became part of the Fidelity National Merchant Solutions business. Throughout the Class Period, Defendants assured investors that the integration of Worldpay was "ahead of schedule," achieved "success in revenue synergies," and ultimately was "successfully completed."

The Complaint alleges that during the Class Period, Defendants misled investors and/or failed to disclose that (1) the integration of Worldpay was not ahead of schedule; (2) the integration of Worldpay was not successfully completed during the Class Period; (3) the increases in revenue synergies were not driven by the Worldpay integration; and (4) as a result, Defendants' positive statements about the Company's financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On January 13, 2023, International Business Machines Corporation was sued for violations of the federal securities laws in the United States District Court for the Southern District of New York on behalf of investors who purchased the securities of IBM during the period of January 18, 2018, and
October 16, 2018, both dates inclusive (the “Class Period”).

On August 31, 2022, TuSimple Holdings, Inc. was sued for violations of the federal securities laws in the United States District Court for the Southern District of California on behalf of investors who purchased or otherwise acquired: (a) the Company’s common stock pursuant to the April 2021 initial public offering (“IPO”) and/or (b) the Company’s securities between April 15, 2021 and August 1, 2022.

On August 31, 2022, Abbott Laboratories was sued for violations of the federal securities laws in the United States District Court for the Northern District of Illinois on behalf of investors who purchased or otherwise acquired the Company’s shares between February 19, 2021 to June 8, 2022.