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


Globe NewsWire News Distribution Service


NEW YORK, Jan. 14, 2022 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that securities class action lawsuits have been filed on behalf of investors in securities of Berkeley Lights, Inc., Cloopen Group Holding Limited, and Paysafe Limited. Investors have until the deadlines below to apply to the Court to be appointed as lead plaintiff in the lawsuits. Additional information about each case can be found at the links provided below.

Berkeley Lights, Inc. (“Berkeley Lights” or the “Company”) (NASDAQ: BLI)

Class Period: July 17, 2020 to September 14, 2021
Pending Court: U.S. District Court for the Northern District of California
Lead Plaintiff Deadline: February 7, 2022

The lawsuit alleges throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Berkeley Lights’ flagship instrument, the Beacon, suffered from numerous design and manufacturing defects including breakdowns, high error rates, data integrity issues and other problems, limiting the ability of biotechnology companies and research institutions to consistently use the machines at scale; (ii) Berkeley Lights had received numerous customer complaints regarding the durability and effectiveness of Berkeley Lights’ automation systems, including complaints related to the design and manufacturing; (iii) the actual market for Berkeley Lights’ products and services was a fraction of the $23 billion represented to investors because of, among other things, the relatively high cost of Berkeley Lights’ instruments and consumables and inability to provide the sustained performance necessary to justify these high costs; and (iv) as a result, Defendants’ statements to investors during the Class Period regarding Berkeley Lights’ business, operations and financial results were materially false and misleading.

For additional information on the Berkeley Lights lawsuit please visit this website.

Cloopen Group Holding Limited (“Cloopen” or the “Company”) (NYSE: RAAS)

Class Period: February 9, 2021 to May 10, 2021
Pending Court: U.S. District Court for the Southern District of New York
Lead Plaintiff Deadline: February 8, 2022

The lawsuit alleges throughout the Class Period, the Registration Statement failed to disclose Cloopen’s growth strategy was allegedly not working, and its existing customers were abandoning the Company. It further alleges that the Registration Statement failed to disclose that an increasing number of Cloopen’s customers were refusing to pay, forcing the Company to record massive increases in its accounts receivables and allowance for doubtful accounts, and that the Registration Statement also allegedly failed to disclose that Cloopen was weighed down by huge liabilities related to the fair value of certain recently-granted warrants.

For additional information on the Cloopen lawsuit please visit this website.

Paysafe Limited (“Paysafe” or the “Company”) (NYSE: PSFE)

Class Period: December 7, 2020 to November 10, 2021
Pending Court: U.S. District Court for the Southern District of New York
Lead Plaintiff Deadline: February 8, 2022

The lawsuit alleges throughout the Class Period, Defendants failed to disclose to investors that: (1) Paysafe was being negatively impacted by gambling regulations in key European markets; (2) Paysafe was encountering performance challenges in its Digital Wallet segment; and (3) new eCommerce customer agreements were being pushed back.

For additional information on the Paysafe lawsuit please visit this website.

About Kirby McInerney LLP:

Kirby McInerney is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney’s website: www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
(212) 371-6600
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.kmllp.com


Press Release: INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That Securities Class Action Lawsuits Have Been Filed on Behalf of Investors in Berkeley Lights, Inc. (BLI), Cloopen Group Holding Limited (RAAS), and Paysafe Limited (PSFE) and Encourag


Posted: 2022-01-14 23:51:00

Get Full News Story On GlobeNewsWire Press Release Service


Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.



Related News Stories From The Web And More

Related Bing News Search Results

Press Release: INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That Securities Class Action Lawsuits Have Been Filed on Behalf of Investors in Berkeley Lights, Inc. (BLI), Cloopen Group Holding Limited (RAAS), and Paysafe Limited (PSFE) and Encourag - Newscast

Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline for Securities Fraud Class Action Lawsuit Filed Against Cloopen Group Holding Limited

Thu, 20 Jan 2022 05:06:00 GMT The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that a securities class action lawsuit has been filed against Cloopen ...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cloopen Group Holding Limited - RAAS

Mon, 17 Jan 2022 12:13:00 GMT Pomerantz LLP is investigating claims on behalf of investors of Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS). Such investors are advised to contact Robert S. Willoughby at ...

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Cloopen Group Holding Limited Investors With Losses to Secure Counsel Before Important February 8 Deadline in Securities Class Action ...

Sun, 02 Jan 2022 15:55:00 GMT NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Cloopen Group Holding Limited ... We encourage investors to select ...

DEADLINE: Cloopen Group Holding Limited Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RAAS

Fri, 24 Dec 2021 03:09:00 GMT The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Cloopen Group Holding Limited's American Depositary Shares ("ADSs") pursuant and/or traceable to the registration ...

NOTICE: Cloopen Group Holding Limited Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RAAS

Thu, 16 Dec 2021 06:38:00 GMT Cloopen Group Holding Limited, No. 21-cv-10610 (S.D.N.Y.). Commenced ... Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions.

Related News Story Videos From Youtube



Blow Us A Whistle