Back to Newsroom
Back to Newsroom

CLASS ACTION UPDATE for INSD, FSLR and TALK: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

Monday, 21 February 2022 07:15 AM

Levi & Korsinsky, LLP

Topic:
Lawsuits

NEW YORK, NY / ACCESSWIRE / February 21, 2022 / 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. There is no cost or obligation to you.

INSD Shareholders Click Here: https://www.zlk.com/pslra-1/instadose-pharma-corp-f-k-a-mikrocoze-inc-loss-submission-form?prid=23884&wire=1
FSLR Shareholders Click Here: https://www.zlk.com/pslra-1/first-solar-inc-loss-submission-form?prid=23884&wire=1
TALK Shareholders Click Here: https://www.zlk.com/pslra-1/talkspace-inc-f-k-a-hudson-executive-loss-submission-form?prid=23884&wire=1

* ADDITIONAL INFORMATION BELOW *

Levi & Korsinsky, LLP, Monday, February 21, 2022, Press release picture

Instadose Pharma Corp. f/k/a Mikrocoze, Inc. (OTCMKT:INSD)

INSD Lawsuit on behalf of: investors who purchased December 8, 2020 - November 24, 2021
Lead Plaintiff Deadline : February 28, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/instadose-pharma-corp-f-k-a-mikrocoze-inc-loss-submission-form?prid=23884&wire=1

According to the filed complaint, during the class period, Instadose Pharma Corp. f/k/a Mikrocoze, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Instadose had performed inadequate due diligence into the business combination with Instadose Canada and/or ignored significant red flags associated with Instadose Canada; (ii) Instadose's internal controls and policies were inadequate to detect and/or prevent impermissible trading activity by control persons of the Company; (iii) the foregoing subjected Instadose to a heightened risk of regulatory scrutiny and enforcement action; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

First Solar, Inc. (NASDAQ:FSLR)

This lawsuit is on behalf of all persons or entities that purchased or otherwise acquired shares of First Solar common stock between February 22, 2019, and February 20, 2020, inclusive.
Lead Plaintiff Deadline : March 8, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/first-solar-inc-loss-submission-form?prid=23884&wire=1

According to the filed complaint, defendants made repeated misrepresentations to investors regarding the development of First Solar's newest "Series 6" solar module, the cost per unit it could achieve with that module, and the impact the changeover to this new product would have on the viability of its other business segments. As a result of defendants' misrepresentations, First Solar common stock traded at artificially inflated prices during the class period.

Talkspace, Inc. f/k/a Hudson Executive Investment Corporation (NASDAQ:TALK)

This lawsuit is on behalf of: (a) all persons or entities that purchased or otherwise acquired Talkspace securities between June 11, 2020 and November 15, 2021, both dates inclusive, and/or (b) all holders of Talkspace common stock as of the record date for the special meeting of shareholders held on June 17, 2021.
Lead Plaintiff Deadline : March 8, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/talkspace-inc-f-k-a-hudson-executive-loss-submission-form?prid=23884&wire=1

According to the filed complaint, (i) Hudson Executive Investment Corporation ("HEIC") had overstated its competitive advantage and due diligence capabilities with respect to identifying and effectuating a merger with target companies; (ii) HEIC had conducted inadequate due diligence into then-private, pre-Merger Talkspace, or else ignored and/or failed to disclose multiple red flags concerning then-private, pre-Merger Talkspace's business and operations; (iii) Talkspace was experiencing significantly increased online advertising costs in its B2C business since the beginning of 2021; (iv) Talkspace was experiencing lower conversion rates in its online advertising in its business-to-consumer ("B2C") business; (v) as a result of (iii) and (iv) above, Talkspace was experiencing increased customer acquisition costs and more tepid B2C demand than represented to investors; (vi) as a result of (iii)-(v) above, Talkspace was suffering from ballooning customer acquisition costs and worsening growth and gross margin trends; (vii) Talkspace had overvalued its accounts receivables from certain of its health plan clients in its B2B business, which amounts required adjustment downward; and (viii) as a result of (iii)-(vii) above, Talkspace's 2021 financial guidance was not achievable and lacked any reasonable basis in fact.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized 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.
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE : Levi & Korsinsky, LLP

Topic:
Lawsuits
Back to newsroom
Back to Newsroom

Contact Us Today


If you have questions or want to learn more about our products, our team’s here to help!

Share by: