According to the Complaint, PPDAI Group Inc. is an online P2P consumer finance company in China and the first online consumer finance marketplace in China connecting borrowers and investors whose needs are unserved or underserved by traditional financial institutions.
Recent Security Class Actions
According to the Complaint, Evoqua purports to be a leading provider of mission critical water treatment solutions,
offering services, systems and technologies to support our customers' full water lifecycle needs. With over 200,000 installations worldwide, the Company holds leading positions in the industrial, commercial and municipal water treatment markets in North America. Evoqua offers a portfolio of differentiated, proprietary technology solutions sold under a number of brands. Evoqua claims that the customer intimacy created through its service network is a significant competitive advantage.
According to the Complaint, China Zenix designs, manufactures, and sells commercial vehicle wheels to aftermarket and original equipment manufacturers in the People's Republic of China and internationally. It offers: tubed steel wheels; tubeless steel wheels; off-road steel wheels; aluminum wheels; and wheel components, such as wheel discs.
According to the Complaint, Bank OZK is a retail and commercial bank with several subsidiaries focused on investment securities, development of real estate, and ownership of private aircraft. It was known as Bank of the Ozarks until July 16, 2018.
According to the Complaint, Dycom provides specialty contracting services through subsidiaries throughout the
United States and in Canada. Dycom's services include program management, engineering, construction, maintenance, and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
Plaintiff's law firm issued a press release on October 19, 2018, announcing the filing of the lawsuit. According to the press release, the Complaint charges Camping World Holdings, Inc. ("Camping World" or the Company), certain of its officers and directors and controlling shareholders with violations of the Securities Exchange Act of 1934. Historically, the Company specialized in selling recreational vehicles ("RVs") and related services. In October 2016, Camping World went public in a $261 million initial public offering. In the months that followed, Camping World engaged in a number of strategic acquisitions. Most significantly, in May 2017, Camping World announced that it would be expanding its operations to include retail stores for outdoor sporting supplies and accessories by acquiring certain assets of Gander Mountain Co. ("Gander") from bankruptcy.
According to the Complaint, Trevena, Inc. ("Trevena" or the Company) is a clinical stage biopharmaceutical company that discovers, develops and intends to commercialize therapeutics that use a novel approach to target G protein coupled receptors, or GPCRs. Using its proprietary product platform, Trevena has identified four biased ligand product candidates, including oliceridine (TRV130) to treat moderate to severe acute pain intravenously.
According to the Complaint, Chegg, Inc. (“Chegg,” or the “Company”) is a direct-to-student learning platform that provides educational materials and services to high school and college students.
According to the Complaint, Cocrystal Pharma, Inc. ("Cocrystal" or the "Company", f/k/a/ BioZone Pharmaceuticals, Inc.) is a clinical stage biotechnology company discovering and developing novel antiviral therapeutics that target the replication machinery of hepatitis viruses, influenza viruses, and noroviruses.
Plaintiff's law firm issued a press release on September 14, 2018, announcing the filing of the lawsuit. According to the press release, the Complaint alleges that the Defendants made materially false and/or misleading statements and failed to disclose that: (1) OPKO and its Chairman and CEO, were engaged in a pump-and-dump scheme with several other individuals and companies in their investments in several penny stocks; (2) the illicit scheme allowed the Company to report revenues from this illegal conduct and would result in governmental scrutiny including a complaint filed by the U.S. Securities and Exchange Commission; and (3) consequently, Defendants' statements about OPKO's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
