press release

CLASS ACTION UPDATE for STTK, GATO and AFRM: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

2022-03-30

TSX - Toronto Stock Exchange · Copper · Molybdenum · Silver · Gold · Zinc · Lead · Germanium · Indium · Sulfur · Nickel · Platinum · Palladium

NEW YORK, NY / ACCESSWIRE / March 30, 2022 /Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

STTK Shareholders Click Here: https://www.zlk.com/pslra-1/shattuck-labs-inc-loss-submission-form?prid=25355&wire=1 GATO Shareholders Click Here: https://www.zlk.com/pslra-1/gatos-silver-inc-loss-submission-form?prid=25355&wire=1 AFRM Shareholders Click Here: https://www.zlk.com/pslra-1/affirm-holdings-inc-loss-submission-form?prid=25355&wire=1

ADDITIONAL INFORMATION BELOW

Shattuck Labs, Inc. (NASDAQ:STTK)

This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Shattuck securities: (1) pursuant and/or traceable to the registration statement and related prospectus issued in connection with Shattuck's October 2020 initial public offering; and/or (2) between October 9, 2020 and November 9, 2021, inclusive. Lead Plaintiff Deadline : April 1, 2022 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/shattuck-labs-inc-loss-submission-form?prid=25355&wire=1

According to the filed complaint, (1) the collaboration agreement with Takeda was not solid; (2) Takeda and Shattuck would "mutually agree" to terminate the collaboration agreement in essentially one year; (3) as a result, Shattuck would cease to receive any future milestone, royalty, or other payments from Takeda; and (4) as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/gatos-silver-inc-loss-submission-form?prid=25355&wire=1

According to the filed complaint, (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.

Affirm Holdings, Inc. (NASDAQ:AFRM)

This lawsuit is on behalf of all investors who purchased or otherwise acquired Affirm Holdings, Inc. securities on February 10, 2022 after the Company sent a Tweet concerning its Second Quarter 2022 financial results at approximately 1:15 p.m. EST. Lead Plaintiff Deadline : April 29, 2022 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/affirm-holdings-inc-loss-submission-form?prid=25355&wire=1

According to the filed complaint, on February 10, 2022 at approximately 1:15 p.m., Affirm issued a Tweet from its official account in which the Company disclosed certain metrics from its second quarter 2022 financial results. The Tweet, which was published prior to the Company's planned release of its financial results, portrayed a highly successful quarter, which included an increase in revenue of 77%. This caused Affirm's share price to spike nearly 10% in intra-day trading. The Tweet was materially misleading, in that it omitted to disclose the full details of Affirm's second quarter financial results. Affirm deleted the Tweet and released its full second quarter financial results ahead of schedule. The full financial results were lackluster - with the Company posting a loss of $0.57 per share, compared with analyst expectations of $0.37 per share.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff.Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Eduard Korsinsky, Esq. 55 Broadway, 10th Floor New York, NY 10006 jlevi@levikorsinsky.com Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com

SOURCE : Levi & Korsinsky, LLP

View source version on accesswire.com: https://www.accesswire.com/695308/CLASS-ACTION-UPDATE-for-STTK-GATO-and-AFRM-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders