The Klein Law Firm
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SRAC, RLX and YMM
NEW YORK, NY / ACCESSWIRE / July 20, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Stable Road Acquisition Corp. (NASDAQ:SRAC)
Class Period: October 7, 2020 - July 13, 2021
Lead Plaintiff Deadline: September 13, 2021
The complaint alleges that during the class period Stable Road Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (a) Stable Road's acquistion target, Momentus's 2019 test of its key technology, a water plasma thruster, had failed to meet Momentus's own public and internal pre-launch criteria for success, and was conducted on a prototype that was not designed to generate commercially significant amounts of thrust; (b) the U.S. government had conveyed that it considered Momentus's Chief Executive Officer a national security threat, jeopardizing his continued leadership of Momentus and Momentus's launch schedule and business prospects; (c) consequently, the revenue projections and business and operational plans provided to investors regarding Momentus and the commercial viability and timeline of its products were materially false and misleading and lacked a reasonable basis in fact; and (d) Stable Road had failed to conduct appropriate due diligence of Momentus and its business operations and defendants had materially misrepresented the due diligence activities being conducted by Stable Road executives and its sponsor in connection with the merger.
Learn about your recoverable losses in SRAC: https://www.kleinstocklaw.com/pslra-1/stable-road-acquisition-corp-loss-submission-form?id=17804&from=1
RLX Technology Inc. (NYSE:RLX)
This lawsuit is on behalf of persons who purchased, or otherwise acquired, RLX American Depository Shares pursuant or traceable to the documents issued in connection with RLX's January 2021 initial public stock offering.
Lead Plaintiff Deadline: August 9, 2021
The RLX lawsuit alleges that throughout the class period, RLX Technology Inc. made materially false and/or misleading statements and/or failed to disclose that: the Company's then-existing exposure to China's ongoing campaign to establish a national standard for e-cigarettes, which would bring them into line with ordinary cigarette regulations, and that RLX's reported financials were not nearly as robust as the offering materials projected, nor were they indicative of future results. As a result, investors purchased RLX shares at artificially inflated prices.
Learn about your recoverable losses in RLX: https://www.kleinstocklaw.com/pslra-1/rlx-technology-inc-loss-submission-form?id=17804&from=1
Full Truck Alliance Co. Ltd. (NYSE:YMM)
This lawsuit is on behalf of persons who purchased or otherwise acquired Full Truck's securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Full Truck's June 2021 initial public offering.
Lead Plaintiff Deadline: September 10, 2021
The YMM lawsuit alleges Full Truck Alliance Co. Ltd. made materially false and/or misleading statements and/or failed to disclose during the class period that: (1) Full Truck's apps Yunmanman and Huochebang would face an imminent cybersecurity review by the Chinese government; (2) the Chinese government would require Full Truck to suspend new user registration; (3) FTA needed to conduct a “comprehensive self-examination of any cybersecurity risks”; (4) Full Truck needed to “continue to improve its cybersecurity systems and technology capabilities”; and (5) as a result, Defendants' public statements were materially false and misleading at all relevant times and negligently prepared.
Learn about your recoverable losses in YMM: https://www.kleinstocklaw.com/pslra-1/full-truck-alliance-co-ltd-loss-submission-form?id=17804&from=1To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
SOURCE: The Klein Law Firm
View source version on accesswire.com:
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
Subscribe to releases from ACCESSWIRE
Subscribe to all the latest releases from ACCESSWIRE by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESSWIRE
Planet 13 Holdings6.8.2021 00:12:19 CEST | Press release
Planet 13 Illinois Wins Chicago License
Monarch Mining Corporation5.8.2021 22:46:35 CEST | Press release
Monarch Mining Corporation Announces the Closing of the $11.25 Million Transaction With Gold Royalty Corp.
Adcore Inc.5.8.2021 21:01:58 CEST | Press release
Adcore Announces Conference Call to Discuss Second Quarter 2021 Financial Results
Linkfire5.8.2021 19:52:26 CEST | Press release
Linkfire Expands Agreement with Global Tech Company
ReelTime Rentals Inc5.8.2021 15:19:06 CEST | Press release
OTC Markets Upgrades RLTR to Highest Designation of Providing Current Information Meeting Upcoming Amended SEC Rule15c2-11 Guidelines
New Jersey Mining Company5.8.2021 15:02:35 CEST | Press release
New Jersey Mining Co. Receives Trademark Approvals and Advances Apparel Brand with Release of its "Flynn" Skeleton Series and "Toughest Hat in Your Closet" Campaign
Engage People5.8.2021 15:02:15 CEST | Press release
Engage People Named in 'Now Tech: Promotions and Offer Management Providers, Q3 2021' Report by Independent Research Firm
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom