Monday, 29 May 2023 02:45 PM
Class Action
NEW YORK, NY / ACCESSWIRE / May 29, 2023 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
Medical Properties Trust, Inc. (NYSE:MPW)
CONTACT JAKUBOWITZ ABOUT MPW:
https://claimyourloss.com/securities/medical-properties-trust-class-action-loss-submission-form/?id=39993&from=1
Class Period : July 15, 2019 - February 22, 2023
Lead Plaintiff Deadline : June 12, 2023
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the Company masked the distressed state of its tenants through sale-leaseback arrangements which were essentially round-robin transactions in that they allowed debt-saddled tenants to meet their obligations in the short-term; (ii) the Company fraudulently transferred hundreds of millions of dollars in what amounted to a bailout of financially distressed tenants; (iii) the Company concealed its fraudulent transfers with fake construction projects with purportedly high capital expenses, despite the fact that the Company entered into "triple-net leases," which meant that its tenants were obligated to pay a significant portion of expenses, such as real estate taxes, insurance, and maintenance; and (iv) as a result, the Company's public statements, including those with respect to the Pennsylvania Properties, were materially false and misleading at the time they were made.
Icahn Enterprises L.P. (NASDAQ:IEP)
CONTACT JAKUBOWITZ ABOUT IEP:
https://claimyourloss.com/securities/icahn-enterprises-class-action-loss-submission-form/?id=39993&from=1
Class Period : August 2, 2018 - May 9, 2023
Lead Plaintiff Deadline : July 10, 2023
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Icahn Enterprises was inflating its net asset value; (ii) the Company was using money taken in from new investors to pay out dividends to old investors; (iii) as a result, the Company would become the subject of criminal and/or regulatory scrutiny; and (iv) 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.
Virtu Financial, Inc. (NASDAQ:VIRT)
CONTACT JAKUBOWITZ ABOUT VIRT:
https://claimyourloss.com/securities/virtu-class-action-loss-submission-form/?id=39993&from=1
Class Period : March 1, 2019 - April 28, 2023
Lead Plaintiff Deadline : July 18, 2023
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the Company maintained deficient policies and procedures with respect to its information access barriers; (ii) accordingly, Virtu had overstated the Company's operational and technological efficacy as well as its capacity to block the exchange of confidential information between departments or individuals within the Company; (iii) the foregoing deficiencies increased the likelihood that the Company would be subject to enhanced regulatory scrutiny; and (iv) as a result, defendants' public statements were materially false and/or misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
SOURCE : Jakubowitz Law