Freeport-McMoRan Inc. press release
The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of TLS, BFLY and GATO
NYSE - New York Stock Exchange · Copper · Gold · Molybdenum · United States
NEW YORK, NY / ACCESSWIRE / March 6, 2022 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Telos Corporation (NASDAQ:TLS) _Class Period:_November 19, 2020 - November 12, 2021 _Lead Plaintiff Deadline:_April 8, 2022
The complaint alleges that throughout the class period Telos Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) the Transportation Security Administration ("TSA") and Centers for Medicare and Medicaid Services ("CMS") contracts, which constituted a majority of the Company's future revenues, were not on track to commence as represented at the end of 2021 and in 2022; (2) Defendants lacked a reasonable basis and sufficient visibility to provide and affirm the Company's 2021 guidance in the face of the uncertainty surrounding the TSA and CMS contracts; (3) COVID-19- and hacking scandal-related headwinds were throwing off the timing for performance of the TSA and CMS contracts and their associated revenues; (4) as a result, the guidance provided by Defendants was not in fact "conservative"; (5) as a result of the delays, Telos would be forced to dramatically reduce its revenue estimates; and (6) as a result of the foregoing, Defendants' statements about Telos' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
Learn about your recoverable losses in TLS: https://www.kleinstocklaw.com/pslra-1/telos-corporation-loss-submission-form?id=24342&from=1
Butterfly Network, Inc. f/k/a Longview Acquisition Corp. (NYSE:BFLY) This lawsuit is one behalf of: (a) all persons or entities that purchased or otherwise acquired Butterfly securities between February 16, 2021 and November 15, 2021, both dates inclusive and/or (b) all holders of Butterfly common stock as of the record date for the special meeting of shareholders held on February 12, 2021 to consider approval of the merger between Longview Acquisition Corp. and Butterfly. _Lead Plaintiff Deadline:_April 18, 2022
The complaint alleges that during the class period Butterfly Network, Inc. f/k/a Longview Acquisition Corp. made materially false and/or misleading statements and/or failed to disclose that: (i) Butterfly had overstated its post-merger business and financial prospects; (ii) notwithstanding the ongoing COVID-19 pandemic, Butterfly's financial projections failed to take into account the pandemic's broad consequences, which included healthcare logistical challenges, and medical personnel fatigue; (iii) accordingly, Butterfly's gross margin levels and revenue projections were less sustainable than the Company had represented; (iv) all the foregoing was reasonably likely to have a material negative impact on Butterfly's business and financial condition; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
Learn about your recoverable losses in BFLY: https://www.kleinstocklaw.com/pslra-1/butterfly-network-inc-f-k-a-longview-acquisition-corp-loss-submission-form?id=24342&from=1
Gatos Silver, Inc. (NYSE:GATO) This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Gatos: (a) common stock pursuant and/or traceable to documents issued in connection with the Company's initial public offering conducted on or about October 28, 2020; and/or (b) securities between October 28, 2020 and January 25, 2022, inclusive. _Lead Plaintiff Deadline:_April 25, 2022
According to the complaint, Gatos Silver, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the technical report for Gatos's primary mine, the Cerro Los Gatos deposit, contained certain errors; (2) among other things, the mineral reserves had been overestimated by as much as 50%; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Learn about your recoverable losses in GATO: https://www.kleinstocklaw.com/pslra-1/gatos-silver-inc-loss-submission-form?id=24342&from=1
Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: J. Klein, Esq. Empire State Building 350 Fifth Avenue 59th Floor New York, NY 10118 jk@kleinstocklaw.com Telephone: (212) 616-4899 Fax: (347) 558-9665 www.kleinstocklaw.com
SOURCE : The Klein Law Firm
View source version on accesswire.com: https://www.accesswire.com/691713/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-TLS-BFLY-and-GATO