![]() ![]() The complaint alleges that throughout the Class Period the defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company lacked effective internal controls over accounting and financial reporting (2) that, as a result, the Company’s ARR was overstated (3) that, as a result, the Company’s guidance was overstated and (4) that, as a result of the foregoing, Defendant’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. The complaint alleges that throughout the Class Period the defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company overstated the success of its lithium mining and misrepresented the nature of its Brazilian mineral rights (2) in connection with these misrepresentations, Atlas Lithium conducted deceptive promotions to artificially inflate the value of the Company’s stock (3) the foregoing conduct was designed to allow CEO Fogassa and other Company insiders to sell shares back into the market for a profit before the true nature of Atlas Lithium’s business was revealed and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. The complaint alleges that throughout the Class Period the defendants made false and/or misleading statements and/or failed to disclose that: (1) Funko was experiencing significantly larger delays in implementing its enterprise resource planning (“ERP”) software than it was disclosing to investors (2) Having moved into a new warehouse without functioning ERP software in place would lead to dramatically higher costs and poorer inventory management practices and (3) Funko’s inability to efficiently operate the new distribution center would have a substantial, undisclosed impact on the Company’s EBITDA margin and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Smith to discuss their legal rights in these class actions at 88 or by email to Inc. Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Investors have until the deadlines listed below to file a lead plaintiff motion. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. ![]() BENSALEM, Pa., J(GLOBE NEWSWIRE) - Law Offices of Howard G. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |