SAN DIEGO, June 3, 2016 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential claims against Ability Inc., Plantronics, Inc., TransEnterix, Inc. and Big Lots Inc., as detailed below:
Ability Inc.
Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Ability Inc. ABIL and certain of its officers. A class action lawsuit against the Company has been filed on behalf of shareholders who purchased Ability between September 8, 2015 and April 29, 2016, (the "Class Period").
The Complaint alleges that throughout the Class Period defendants issued false and misleading statements to investors and failed to disclose that: (1) Ability materially overstated its income by failing to account for commissions; (2) Ability materially overstated its operating results by improperly recognizing revenue on multiple element sales transactions; (3) Ability has material weaknesses in its internal controls; (4) as a result of the foregoing, Ability's financial statements for the years ending December 31, 2013 and 2014 were materially false and misleading and not prepared in accordance with Generally Accepted Accounting Principles.
If you have held shares continuously prior to September 2015, you may have standing to hold Ability harmless from the damage the officers and directors caused by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.
If you are an Ability shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.
Plantronics, Inc.
Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Plantronics, Inc. PLT and certain of its officers.
In a deposition related to a legal complaint filed by Plantronics competitor GN Netcom it was documented that Donald Houston, senior vice president of sales at Plantronics, "was instructing employees who worked under him to delete e-mails that were clearly relevant and responsive to pending discovery having to do with the distributors that are at issue in this case."
If you are a Plantronics shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.
TransEnterix, Inc.
Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by TransEnterix, Inc. TRXC and certain of its officers. A class action lawsuit against the Company has been filed on behalf of shareholders who purchased TransEnterix between February 10, 2016 and May 10, 2016, (the "Class Period").
The complaint alleges that during the Class Period, defendants issued false and misleading statements and/or failed to disclose adverse information regarding key aspects of the Company's business. Specifically, the complaint alleges defendants failed to disclose deficiencies within the Company's 510(k) submission regarding the SurgiBot that undermined the likelihood that the SurgiBot would receive FDA clearance, which would leave the Company unable to commercialize the SurgiBot in 2016 and would impair the Company's ability to obtain approval for and commercialize its other robotic surgery platform in the United States. As a result of these false statements and/or omissions, TransEnterix common stock traded at artificially inflated prices.
If you have held shares continuously prior to February 2016, you may have standing to hold TransEnterix harmless from the damage the officers and directors caused by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.
If you are a TransEnterix shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.
Big Lots Inc.
Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Big Lots Inc. BIG and certain of its officers.
On December 05, 2013, the Company announced financial results for its third quarter of fiscal 2013 that ended November 2, 2013. The announcement included the news that it plans to shut down its Canadian operations that it purchased in July 2011. The Company estimated a loss from Canadian operations of $38 to $43 million in the fourth quarter of 2013 and for the full fiscal year a loss of $52 to $57 million is anticipated. In the first quarter of 2014 the Company will begin reporting the Canadian stores as discontinued operations and it expects losses to be in the range of $44 to $47 million. In late August of 2013 the CEO stated in a conference call that the recent name change from Liquidation World to Big Lots for several of the 76 Canadian stores had been very well received and that he saw lots of upside."
If you are a long-term Big Lots shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP
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