Flying The Web For News.
  • Career Exam Study
    Career Exam Study
  • E-commerce Guide
    E-commerce Guide
  • Dropshipping Guide
    Dropshipping Guide
  • Microsoft Exam
    Microsoft Exam
  • IT Career News
    IT Career News
+ Larger Font | - Smaller Font
Share

COVID-19 Map Tracker | COVID-19 News Features


feed-image RSS

Globe NewsWire News Distribution Service

GlobeNewswire and Intrado form a single worldwide news distribution service with expertise in multiple continents, helping public and private companies communicate with media and investors in local languages. Publicly traded companies can now seamlessly address their regulatory disclosure requirements in markets throughout the world. Learn more about GlobeNewsWire.com here.

RobinsPost partnered with Globe Newswire when it used to be owend by NASDAQ, to bring you the latest industry information from top companies. This partnership brought valuable information to help consumers receive the best product and news data on the web. The partnership was formed on September 14th, 2015.

NASDAQ YouTube Channel






SAN DIEGO, Oct. 23, 2021 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Katapult Holdings, Inc. f/k/a FinServ Acquisition Corp. (NASDAQ: KPLT; KPLTW) securities between December 18, 2020 and August 10, 2021, both dates inclusive (the “Class Period”) have until this upcoming Tuesday, October 26, 2021 to seek appointment as lead plaintiff in the Katapult class action lawsuit. The Katapult class action lawsuit – McIntosh v. Katapult Holdings, Inc. f/k/a FinServ Acquisition Corp., No. 21-cv-07251 – charges Katapult and certain of its top executives with violations of the Securities Exchange Act of 1934. The Katapult class action lawsuit was commenced on August 27, 2021 and is pending in the Southern District of New York.


If you wish to serve as lead plaintiff of the Katapult class action lawsuit, please provide your information by clicking here. You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it.. Lead plaintiff motions for the Katapult class action lawsuit must be filed with the court no later than October 26, 2021.

CASE ALLEGATIONS: FinServ was a blank check company, or special purpose acquisition company (“SPAC”), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. On December 18, 2020, FinServ announced that it had entered into a definitive merger agreement with legacy Katapult.

The Katapult class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Katapult was experiencing declining e-commerce retail sales and consumer spending; (ii) despite Katapult’s assertions that it delivers a clear and compelling value proposition to both consumers and merchants, transforming the way nonprime consumers shop for essential goods and enabling merchant access to this underserved segment, Katapult lacked visibility into its consumers’ future buying behavior; and (iii) as a result, defendants’ positive statements about Katapult’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.

On August 10, 2021, Katapult issued a press release announcing disappointing financial results for the second quarter of 2021 including a net loss of $8.1 million, compared to $5.1 million in net income for the second quarter of 2020. Katapult further disclosed that it “observed meaningful [negative] changes in both e-commerce retail sales forecasts and consumer spending behavior” and retracted its full year 2021 guidance, claiming it could not “accurately predict our consumer’s buying behaviors for the remainder of the year.” On this news, Katapult’s share price fell more than 56%, damaging investors.

Robbins Geller Rudman & Dowd LLP has launched a dedicated SPAC Task Force to protect investors in blank check companies and seek redress for corporate malfeasance. Comprised of experienced litigators, investigators, and forensic accountants, the SPAC Task Force is dedicated to rooting out and prosecuting fraud on behalf of injured SPAC investors. The rise in blank check financing poses unique risks to investors. Robbins Geller Rudman & Dowd LLP’s SPAC Task Force represents the vanguard of ensuring integrity, honesty, and justice in this rapidly developing investment arena.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Katapult securities during the Class Period to seek appointment as lead plaintiff in the Katapult class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Katapult class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Katapult class action lawsuit. An investor’s ability to share in any potential future recovery of the Katapult class action lawsuit is not dependent upon serving as lead plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions. Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs’ firm. Please visit http://www.rgrdlaw.com for more information.

Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Contact:
Robbins Geller Rudman & Dowd LLP
655 W. Broadway, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
This email address is being protected from spambots. You need JavaScript enabled to view it.


SAN DIEGO, Oct. 23, 2021 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating potential claims on behalf of Athira Pharma, Inc. ("Athira" or the "Company") (NASDAQ: ATHA) against certain of its officers and directors. 

Recently a class action lawsuit was filed in federal court against the Company on behalf of purchasers of the securities of Athira from September 18, 2020 and June 17, 2021 (the "Class Period").

The Athira Pharma class-action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) the research conducted by Athira Pharma's President and Chief Executive Officer, defendant Leen Kawas, which formed the foundation for Athira Pharma's product candidates and intellectual property, was tainted by Kawas's scientific misconduct, including the manipulation of key data; and (ii) as a result, defendants' positive statements about Athira Pharma's business, operations, and prospects were materially misleading and omitted material facts necessary to make the statements made not misleading.

If you are a current shareholder of Athira, holding shares before November 2020, you may have standing to hold Athira harmless from the alleged harm caused by the officers and directors of the Company by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing. Click here to join this action

If you are interested in learning more about the investigation, please contact lead analyst Jim Baker (This email address is being protected from spambots. You need JavaScript enabled to view it.) at 619-814-4471. If emailing, please include a phone number.

Additionally, if you are a current, long-term shareholder of Athira, holding shares before November 2020, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, 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.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

[Click here to join this action]