Lawsuits Filed Against CAN, VRUS and CCXI – Jakubowitz Law Pursues …

PR-Inside.com: 2021-06-11 21:01:33

NEW YORK, NY / ACCESSWIRE / June 11, 2021 / 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. Canaan Inc. (NASDAQ:CAN)

CONTACT JAKUBOWITZ ABOUT CAN:https://claimyourloss.com/securities/canaan-inc-loss-submission-form-2/?id=16814&from=1

Class Period : February 10, 2021 – April 9, 2021

Lead Plaintiff Deadline : June 14, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: they concealed that due to ongoing supply chain disruptions and the introduction of the Company’s next-generation A12 series bitcoin mining machines – which had cannibalized sales of the older product offerings – Canaan’s 4Q20 sales had declined more than 93% year-over-year compared to its fourth quarter fiscal year 2019 (“4Q19”) sales and more than 93% quarter-over-quarter compared to its third quarter FY20 (“3Q20”) sales.

Verus International, Inc. (OTCMKT:VRUS)

CONTACT JAKUBOWITZ ABOUT VRUS:https://claimyourloss.com/securities/verus-international-inc-loss-submission-form/?id=16814&from=1

Class Period : June 17, 2019 – November 8, 2020

Lead Plaintiff Deadline : June 22, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Verus lacked the requisite resources, infrastructure and/or expertise to exploit its Big League Foods brand and its MLB license; (ii) the company’s issues in production ramp-up were not fully resolved to enable the company to fulfill customer orders; (iii) as a result, the company’s prospects and outlook were not as represented; (iv) the company’s internal controls for financial reporting and accounting were not sufficient with specific respect to stock-based compensation and classification of equity instruments; (v) as a result, the company’s financial results, outlook and prospects were materially worse than represented; and (vi) as a result of the foregoing, the company’s public statements were materially false and misleading at all relevant times.

ChemoCentryx, Inc. (NASDAQ:CCXI)

CONTACT JAKUBOWITZ ABOUT CCXI:https://claimyourloss.com/securities/chemocentryx-inc-loss-submission-form/?id=16814&from=1

Class Period : November 26, 2019 – May 3, 2021

Lead Plaintiff Deadline : July 6, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the study design of the Phase III ADVOCATE trial presented issues about the interpretability of the trial data to define a clinically meaningful benefit of avacopan and its role in the management of ANCA-associated vasculitis; (2) the data from the Phase III ADVOCATE trial raised serious safety concerns for avacopan; (3) these issues presented a substantial concern regarding the viability of ChemoCentryx’s New Drug Application (“NDA”) for avacopan for the treatment of ANCA-associated vasculitis; and (4) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.

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.

CONTACT:

JAKUBOWITZ LAW1140 Avenue of the Americas9th FloorNew York, New York 10036T: (212) 867-4490F: (212) 537-5887

SOURCE: Jakubowitz Law

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