Market Overview

CLASS ACTION UPDATE for COOL, UNM and REVG: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

Share:

NEW YORK, July 30, 2018 (GLOBE NEWSWIRE) -- 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 and further details about the cases can be found at the links provided. There is no cost or obligation to you.

PolarityTE, Inc. (NASDAQ:COOL)
Class Period:
March 31, 2017 - June 22, 2018
Lead Plaintiff Deadline: August 27, 2018
Join the action: http://www.zlk.com/pslra-d/polarityte-inc?wire=3

Allegations: PolarityTE, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (i) the status of Patent #14/954,335 at the time it was acquired by the Company on April 7, 2017 and the months following; (ii) the updated status of Patent #14/954,335 after its June 4, 2018 final rejection by the United States Patent Office; and (iii) that as a result of the foregoing, PolarityTE's publicly disseminated financial statements were materially false and misleading.

To learn more about the COOL class action contact jlevi@levikorsinsky.com.

Unum Group (NYSE:UNM)
Class Period:
October 27, 2016 - May 1, 2018
Lead Plaintiff Deadline: August 13, 2018
Join the action: http://www.zlk.com/pslra-d/unum-group-2?wire=3

Allegations: Unum Group made materially false and/or misleading statements and/or failed to disclose that: (i) the Company was experiencing a higher claims incidence for its long-term care business; (ii) the Company was experiencing less favorable policy terminations in connection with its long-term care business; (iii)  the Company had grossly miscalculated the actuarial assumptions underlying its long-term care business; (iv) premium price hikes could not sustainably offset increasing losses related to the Company's long-term care business; (v)  the Company was subject to a much greater risk of catastrophic losses and major reserve charges than represented to investors; and (vi) as a result of the foregoing, the Company would not be able to maintain its long-term care interest adjusted loss ratio in the 85% to 90% range. 

To learn more about the UNM class action contact jlevi@levikorsinsky.com.

REV Group, Inc. (NYSE:REVG)
Class Period:
Pursuant to the January 27, 2017 IPO and between January 27, 2017 and June 7, 2018
Lead Plaintiff Deadline: August 7, 2018
Join the action: http://www.zlk.com/pslra-d/rev-group-inc?wire=3

Allegations: REV Group, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the Company was experiencing cost inflation across many of the commodities and services it bought; (2) the Company was experiencing difficulty obtaining the chassis necessary for production; (3) the Company's margins were being negatively impacted by a lower sales of high margin products; (4) the Company did not have "strong visibility into future net sales" to "effectively plan" and manage its backlog of vehicles; (5) the Company's manufacturing operations were not operating efficiently or at a low cost to satisfy customer demand; (6) and as a result of the foregoing, Defendants' statements about REV's business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

To learn more about the REVG class action contact jlevi@levikorsinsky.com.

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

Levi & Korsinsky is a national 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.
30 Broad Street - 24th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

Primary Logo

View Comments and Join the Discussion!