NEW YORK, NY / ACCESSWIRE / June 7, 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.
Beyond Meat, Inc. (NASDAQ:BYND)
CONTACT JAKUBOWITZ ABOUT BYND:
https://claimyourloss.com/securities/beyond-meat-class-action-loss-submission-form/?id=40517&from=1
Class Period: May 5, 2020 - October 13, 2022
Lead Plaintiff Deadline: July 10, 2023
According to the complaint, throughout the Class Period defendants made numerous materially false and misleading statements and omissions concerning the Company's ability to produce plant-based meats at scale. Specifically, defendants repeatedly assured investors that Beyond Meat conducted "extensive testing" to "ensure manufacturability" of its plant-based meat products at commercial scale, and touted the success of the Company's product tests with its large-scale partnerships as "very positive." Further, defendants blamed any delays in launching these large-scale partnerships on Covid-19.
The Walt Disney Company (NYSE:DIS)
CONTACT JAKUBOWITZ ABOUT DIS:
https://claimyourloss.com/securities/disney-class-action-loss-submission-form/?id=40517&from=1
Class Period: December 10, 2020 - November 8, 2022
Lead Plaintiff Deadline: July 11, 2023
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) Disney+ was suffering decelerating subscriber growth, losses, and cost overruns; (b) the true costs incurred in connection with Disney+ had been concealed by Disney executives by debuting certain content intended for Disney+ initially on Disney's legacy distribution channels and then making the shows available on Disney+ thereafter in order to improperly shift costs out of the Disney+ segment; (c) Disney Media and Entertainment Distribution had made platform distribution decisions based not on consumer preference, consumer behavior, or the desire to maximize the size of the audience for the content as represented, but based on the desire to hide the full costs of building Disney+'s content library; (d) the Company was not on track to achieve its 2024 Disney+ paid global subscriber and profitability targets, that such targets were not achievable, and that such estimates lacked a reasonable basis in fact; and (e) as a result of (a)-(d) above, defendants had materially misrepresented the actual performance of Disney+, the sustainability of Disney+'s historical growth trends, the profitability of Disney+, and the likelihood that Disney could achieve its 2024 Disney+ subscriber and profitability targets.
Cutera, Inc. (NASDAQ:CUTR)
CONTACT JAKUBOWITZ ABOUT CUTR:
https://claimyourloss.com/securities/cutera-class-action-loss-submission-form/?id=40517&from=1
Class Period: February 17, 2021 - May 9, 2023
Lead Plaintiff Deadline: July 24, 2023
According to the complaint, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about the Company's business and operations. Specifically, defendants overstated the sustainability of Cutera's revenue growth, failed to disclose significant conflicts among members of the Company's senior leadership and Board, and failed to disclose several material weaknesses in the Company's internal control over financial reporting. As a result of defendant's wrongful acts and omissions, and the significant decline in the market value of the Company's common stock, Cutera's investors have suffered significant damages.
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.
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SOURCE : Jakubowitz Law