NEW YORK, July 03, 2018 (GLOBE NEWSWIRE) -- 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.
Flex Pharma, Inc. (NASDAQ: FLKS ) Class Period: November 6, 2017 - June 12, 2018 Lead Plaintiff Deadline: August 20, 2018
During the class period, Flex Pharma overstated the viability and approval prospects for its product candidate FLX-787 for the treatment of amyotrophic lateral sclerosis and Charcot-Marie-Tooth disease; and as a result, Flex Pharma's public statements were materially false and misleading at all relevant times. On June 13, 2018, Flex announced that it planned to halt its FLX-787 trials, citing oral tolerability concerns observed in both studies. Flex also said that it will restructure its organization to reduce costs, including reducing its workforce by approximately 60%, and that Flex's Board is exploring "strategic alternatives, including the potential sale or merger of the company." Following this news, Flex stock dropped $3.14 per share, or 75.12%, to close at $1.04 on June 13, 2018.
To learn more go to: http://www.zlk.com/pslra-d/flex-pharma-inc?wire=3 .
Restoration Robotics, Inc. (NASDAQGM:HAIR) Class Period: purchases during the Initial public offering commenced on October 12, 2017 and closed on October 16, 2017 Lead Plaintiff Deadline: August 21, 2018
The complaint alleges that Restoration Robotics negligently issued untrue statements of material facts in, and omitted to state material facts required to be stated from, the Offering Materials issued in connection with the Initial Public Offering. The complaint further alleges that as a result of the materially misleading Offering Materials, the Company’s stock price was artificially inflated at the time of the IPO.
To learn more go to: http://www.zlk.com/pslra-d/restoration-robotics-inc?wire=3 .
Gogo Inc. (NASDAQ: GOGO ) Class Period: February 27, 2017 - May 7, 2018 Lead Plaintiff Deadline: August 27, 2018
During the class period, Gogo’s 2Ku antenna had more reliability issues than the public was led to believe; Gogo’s 2Ku antennas required costly installation and faced costly remediation challenges or required replacement due to deicing fluids from planes infiltrating the 2Ku system, as well as manufacturing and software issues; consequently, Gogo would not be able to meet its previously issued 2018 guidance; and as a result, the company’s financial statements were materially false and misleading at all relevant times.
To learn more go to: http://www.zlk.com/pslra-d/gogo-inc?wire=3 .
You have until the lead plaintiff deadlines to request the court appoint as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national 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, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
