LOS ANGELES, April 28, 2023 (GLOBE NEWSWIRE) — The law firm of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly traded companies. Investors have until the deadlines listed below to file as lead plaintiff.
Investors experiencing losses on their investments are encouraged to contact the law offices of Frank R. Cruz to discuss their legal rights in these class action lawsuits at 310-914-5007 or by email at fcruz@frankcruzlaw.com.
The Wheels Up Inc experience. (NYSE:UP)
Course period: November 9, 2022 March 31, 2023
Lead Applicant Deadline: June 20, 2023
The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, the defendants failed to disclose to investors that: (1) Wheels Up failed to correct material weaknesses in internal controls; (2) Wheels Ups financial statements from September 30, 2022 to present contained certain errors such as understatement of net loss and overstatement of goodwill; (3) as a result, Wheels Up should restate its previously filed financial statements for certain periods; and (4) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.
If you are a Wheels Up shareholder who has suffered a loss, click here to participate.
Teleperformance SE (OTC: TLPFY)
Course period: July 29, 2020 November 9, 2022
Lead Applicant Deadline: June 20, 2023
The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, the defendants failed to disclose to investors: (1) that Teleperformances’ growth in core services was achieved, in part, by forcing its content moderators to engage in inappropriate, traumatizing, abusive and potentially criminal; (2) that certain Teleperformance social content moderators had been trained with material containing illicit child sexual exploitation images; (3) that contraband images had been included in Teleperformance Daily Required Reading reports for its content moderation staff; (4) that Teleperformance failed to protect the child pornography material and potentially violated strict rules governing the handling of such material, including the rules relating to the National Center for Missing and Exploited Children; (5) that Teleperformance failed to provide adequate training or emotional and psychological support to content moderators exposed to egregious content, including those exposed to extreme graphic violence and sexual imagery; (6) that Teleperformance imposed unreasonable time and performance goals on itself that compounded the professional trauma suffered by its content moderators; (7) that Teleperformance had failed to establish or maintain the working conditions presented to investors, including subjecting the company’s content moderation workers to widespread professional trauma without psychological support, and with a derisory salary, punitive wage deductions, extensive surveillance and aggressive union-busting tactics; (8) that, as a result, Teleperformance was exposed to a significant and undisclosed risk of legal, regulatory, commercial and reputational harm if the truth regarding the company’s content moderation services, the treatment of its content moderators and the handling of contraband material has never been publicly disclosed; and (9) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.
If you are a Teleperformance shareholder who suffered a loss, click here to participate.
Horizon Bancorp, Inc. (NASDAQ: HBNC)
Course period: March 9, 2022 March 10, 2023
Lead Applicant Deadline: June 20, 2023
The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, defendants failed to disclose to investors that: (1) the company maintained deficient internal accounting controls regarding its classification of certain loan and securities balances; (2) due to the aforementioned shortcomings, throughout 2022 the Company issued quarterly financial statements containing errors that would require further revision; (3) the restatement of the above financial statements would impair the Company’s ability to timely file its 2022 annual report; and (4) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.
If you are a Horizon shareholder who suffered a loss, click here to participate.
Trinseo PLC (NYSE:TSE)
Course period: May 3, 2021 March 27, 2023
Lead Applicant Deadline: June 20, 2023
The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, defendants failed to disclose to investors that: (1) the company’s plant in Bristol, Pennsylvania had a troubled safety record while previously owned and continued to be unsafe after its acquisition by the company; (2) Defendants failed to sufficiently disclose the specific risks associated with conducting operations at this plant; (3) Operating a chemical plant with a hazardous history and currently hazardous operations has exposed the Company to an increased risk of chemical spills or other adverse events; and (4) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.
If you are a Trinseo shareholder who has suffered a claim, click here to participate.
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To be a member of these class actions, you do not have to take any action at this time; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about these class actions, or if you have any questions about this announcement or your rights or interests in these matters, please contact Frank R. Cruz, of Frank R. Cruz Law Firm, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067 at 310-914-5007, by email at info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If requesting by email, please include your mailing address, phone number and number of shares purchased.
This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.
contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
