INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed against YogaWorks, Inc. & En...
03 Febrero 2019 - 8:00AM
Business Wire
The law firm of Kirby McInerney LLP reminds investors that a
class action lawsuit has been filed in the U.S. District Court for
the Central District of California on behalf of all persons or
entities who acquired YogaWorks, Inc. (“YogaWorks” or the
“Company”) (NASDAQ:YOGA) securities pursuant and/or traceable to
its August 2017 Initial Public Offering (“IPO”). Investors have
until February 25, 2019 to apply to the Court to be appointed as
lead plaintiff in the lawsuit.
According to the lawsuit, YogaWorks’ Registration Statement and
Prospectus made materially misleading statements regarding: (1)
YogaWorks’ studio-level economics and the adverse trends it faced
in declining studio profitability; (2) reasons for YogaWorks’
declining revenue, including increasing corporate overhead costs;
and (3) YogaWorks’ increasing corporate infrastructure costs and
inability to achieve economies of scale.
On or around August 10, 2017, YogaWorks conducted its IPO,
issuing approximately 7.3 million shares of common stock priced at
$5.50 per share. As of December 27, 2018, YogaWorks’ stock closed
at $0.44 or approximately 92% below its IPO price.
If you acquired YogaWorks securities, have information, or would
like to learn more about these claims, please contact Thomas W.
Elrod of Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
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 LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190203005013/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600investigations@kmllp.comwww.kmllp.com
YogaWorks (NASDAQ:YOGA)
Gráfica de Acción Histórica
De Ene 2025 a Feb 2025
YogaWorks (NASDAQ:YOGA)
Gráfica de Acción Histórica
De Feb 2024 a Feb 2025
Real-Time news about YogaWorks Inc (NASDAQ): 0 recent articles
Más de Yogaworks, Inc. Artículos de Noticias