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Community events and announcements: Feb. 22, 2021 – Verde Independent

Posted: February 24, 2021 at 2:49 am

Here are some events and other announcements about things happening in the Verde Valley.

Cottonwood Police Department hosts community cleanup

Feb. 17-18, the Cottonwood Police Department conducted a community cleanup in an undeveloped desert wash behind Cottonwood Community School and runs all the way to the empty lot next to Catholic Charities.

This wash has often been a camping area for the homeless population. Over several years, the wash had been transformed into what looked like a landfill. Cottonwood Police Outreach Services Officer J. Repp led the project after being in communication with CottonwoodOak Creek School Superintendent Steve King.

There were safety concerns with the unknown transients camping right behind Cottonwood Community School. Officer Repp had also been in contact with several residents in the 700 Block of North Main Street about transients committing various crimes on their property.

The purpose of the project was to first clean up the area so it does not appear camping is legal within the city limits. The next step, which is currently in progress, is posting No Trespassing signs around the area.

The final step will be increased enforcement in this area.

Anyone found camping in the area will likely face trespassing, camping on private property, and littering charges as appropriate.

During the cleanup, dozens of syringes and other drug paraphernalia items were found within 30 or 40 yards of the school campus.

Mingus Union theater troupe presents Cash on Delivery

Weekends, March 5 through March 14, Mingus Unions A.T.O.R.T. will present its first production of the school year, Cash on Delivery.

This comedic play is fast-moving, with plenty of laughs. Run time is two hours, which includes a 15-minute intermission.

Mingus Union will offer three ways to watch this hysterical production. Mingus Union is allowed to offer a limited in-person audience for each performance in the schools auditorium. Mingus Union High School is at 1801 E. Fir St., Cottonwood.

March 5-7, Mingus Union will offer a live stream of each of the performances in a six-high definition camera broadcast. March 13-14, Mingus Union will offer an on-demand performance that can be viewed at any time that weekend.

Live stream is available for the following performances: 7 p.m. Friday, March 5; 7 p.m. Saturday, March 6; and 3 p.m. Sunday, March 7.

Stream On-Demand is available for the following performances: 7 p.m. Saturday, March 13 and 3 p.m. Sunday, March 14.

Tickets are available beginning Feb. 25 online at atort.ludus.com or at the Mingus bookstore from 7 a.m.-3 p.m. Patrons may always call the box office at 928-649-4466 for any tickets, questions, comments, or concerns.

No tickets will be sold at the door.

Cost is $10 for adults and seniors, $8 for students. Live stream or On-Demand tickets, recommended price is $10, however pay what you can.

In-person mitigation information:

-All patrons must sign a COVID-19 waiver upon entry;

-All patrons must wear a mask (performers will be as well);

-Six feet distance between parties will be enforced;

-Limited to 15% capacity or 150 in-person patrons;

-Hand sanitizer will be available throughout the auditorium;

-No concessions will be offered.

Tuzigoot National Monument Citadel reopens to public

Tuzigoot National Monuments citadel has reopened after extensive repairs.

The citadel had been under repair since early 2019 after a heavy snowfall caused damage to the cement flooring and wooden support beams. Initial inspections also led to the discovery of termite damage to one of the wooden support beams.

These discoveries deemed it necessary to close the citadel portion of the pueblo to make it more structurally sound and safe for visitation.

National Park Service provides outdoor experiences for visitors during the COVID-19 pandemic. More than 20,000 NPS employees care for Americas 423 national parks and monuments and create close-to-home recreational and cultural opportunities.

Tuzigoot National Monument is in Clarkdale, at 25 W. Tuzigoot Road. For more information, call 928-567-5276 or visit nps.gov/tuzi. Follow on Facebook, Instagram, and Twitter @TuzigootNPS.

Monthly food boxes available for Verde Valley seniors

Manzanita Outreach has expanded its Commodity Supplemental Food Program, also known as the Senior Food Box Program.

The food boxes contain canned items such as fruit, vegetables, meat or fish, bottled juice, shelf stable milk, cheese, pasta or rice, dry beans or peanut butter and cereal. The retail value of each package is approximately $50.

Qualified Verde Valley seniors (age 60 and older who meet a monthly income requirement) may register and receive their monthly box at a drive-through at the Verde Valley Christian Church in Cottonwood. The organization also offers home delivery to homebound seniors in the Cottonwood area.

For more information or to sign up for the program, contact Manzanita Outreachs CSFP Coordinator Donna Newcomb at 623-694-4796.

Manzanita Outreach is a 501(c) (3) organization. Donations made to the organization qualify for the Arizona Charitable Tax Credit. For more information on the organization or to volunteer or donate, go to ManzanitaOutreach.org.

Manzanita Outreach to distribute Farmers to Families food box program

Manzanita Outreach will distribute the USDAs Farmers to Families food box program at the organizations free food sharing events in February, March and April.

The Farmers to Families food box program puts American farmers and distributors of all sizes back to work and brings healthy food to communities. According to the US Department of Agriculture, the program has distributed more than 132 million food boxes that support American farmers and families affected by the COVID-19 pandemic.

The quality of food in the boxes is equivalent to what one would expect to find at a local grocery store, Manzanita Outreach Executive Director Mike Newcomb said.

The boxes include fresh fruits and vegetables such as potatoes, squash, apples, oranges, onions, carrots, melons. Also included are dairy products such as milk, yogurt, cheese, cottage cheese and butter.

Verde Valley residents can pick-up their free food boxes at Manzanita Outreachs drive-thru food sharing events. Please have ample space available in the trunk of your vehicle for the loading of food boxes.

The following are the remaining February events in Yavapai County:

Tuesday, Feb. 23 (12:30 p.m.-2 p.m.) at 2062 AZ-89, Chino Valley

Saturday, Feb. 27 (9 a.m.-11 a.m.) at 7450 E. Pav Way, Prescott Valley

For information on where and when food will be shared in subsequent months, visit MOhelp.org. Manzanita Outreach is a 501(c) (3) organization. Donations made to the organization qualify for the Arizona Charitable Tax Credit. For more information on the organization or to volunteer or donate, visit ManzanitaOutreach.org.

Yavapai County Assessor releases 2022 tax year notice of value

Yavapai County Assessor Judd Simmons mailed out nearly 164,000 Notices of Value on Feb. 19 for the 2022 tax year.

These values have an effective valuation date of Jan. 1, 2021 and will be used to calculate your 2022 tax bill.

The 2022 Notice of Value is the countys official declaration of Full Cash Value and Limited Property Value Assessments. Note that only the Limited Property Value will be used to calculate your 2022 property tax bill. By state statute, this notice must be mailed before March 1 of the year before the tax year.

The notice includes values for both 2021 and 2022, which allow all property owners to easily recognize any increase or decrease in assessed value from the previous year.

The median value of single-family residences has increased from the 2021 notice to the 2022 notice by approximately 6%. This increase reflects the market increases in value to the existing home inventory. Note that this increase is in the median (middle) home value and not the mean (average) home value. Median home values reflect the point at which 50% of the homes are less than this value and 50% are greater than this value.

All property owners should review their full cash value. If you believe it is at or more than market value, (what you could sell for in todays market) then consider filing a petition for review. Information on the appeal process is contained on the notice of value. It should be noted that the full cash value is intended to reflect a value slightly less than market value and only the full cash value can be appealed.

Which pet should I get?

Joyce Read, youth services coordinator at the Cottonwood Public Library reads What Pet Should I Get? by Dr. Seuss on Thursday, Feb. 18.

Read and Youth Services Early Childhood Specialist Adela Martinez and Teen Services Specialist Jan Marc Quisumbing also took a turn reading a book by Dr. Seuss.

The Seussical storytime will be shown on the library's YouTube and Facebook page on March 2, the birthday of Dr. Theodore Seuss Geisel.

The Cottonwood Public Library as well as other community members/leaders are sharing videos celebrating Dr. Seuss at the request of Shari Amorelli, Title 1 aide with the Cottonwood Oak Creek School district.

The Cottonwood Public Library is located at 100 S. Sixth Street and open from 9 a.m. until 6 p.m. Monday to Friday, until 2 p.m. on Saturday, and closed Sunday.

For more information, call 928-634-7559.

Yavapai College to move forward to COVID-19 Yellow Phase re-entry plan

Yavapai College will move forward to the yellow phase of its COVID-19 re-entry plan when the college returns from spring break on March 22.

The move to the yellow phase also known as phase 3 is the first time that the college has reached this level of its five-phase re-entry plan.

Yavapai College has been operating in the red and orange phases (phases 1 and 2) since the COVID-19 pandemic forced operations to move virtual in March 2020.

The yellow phase will allow for more in-person classes for the second eight-weeks of the spring semester. Those classes are in program areas of visual and performing arts, music and physical education.

Second eight-week classes begin on March 22. A full list of classes for the second eight-week semester are at yc.edu/eightweek.

All classes which are already operating online, or in a hybrid model will remain in those capacities through the end of the spring semester.

Most college services will remain remote during the yellow phase, but some services may return to in-person activities as needed.

All college health and safety protocols must be adhered to during the yellow phase.

Full details on the colleges COVID-19 re-entry plan can be found at yc.edu/reentry.

Verde Valley Farmers Market opens May 15

This years Verde Valley Farmers Market season will open on Saturday, May 15. Hours will be from 8 a.m. until 11 a.m. This will mark the 18th consecutive year of the markets operation. The Market is expected to run through Oct. 2.

It is currently anticipated the market will open with the same requirements as last season:

The market will have only one entrance and exit that will be clearly marked. Entry will be staffed by an individual who will limit market capacity to no more than 20 customers at a time. Customers will be asked to wait in an orderly line outside the market at appropriate social distances.

Customer precautions will be posted at the market entrance.

Customers will be required to wear a mask, regardless of having been vaccinated. Customers will be required to sanitize their hands/gloves with provided hand sanitizer before entering the market or wash their hands with soap at the wash station.

Vendor tables will be separated by at least six feet. The market will have a hand wash stations with jugs, basins, soap, single-use paper towels, a trash bin, hand sanitizer and spray bleach for sanitizing. No vendor sampling of food or sale/consumption of food will be allowed at the market. Pets, with the exception of service animals, will not be allowed.

The Verde Valley Farmers Market Board will continue to closely monitor CDC Guidelines for grocery and food retail workers and the Yavapai County Health Department guidelines for farmers markets.

Due to social distancing, vendor spaces are limited this year. Local growers interested in becoming a 2021 season vendor, contact Market Manager Jane Davie at 928-634-7077.

Announcing the Verde River Runoff: March 20-30

Announcing the 2021 Verde River Runoff: March 20-30. Join Friends of the Verde River for 10 days of paddling in celebration of Friends of the Verde Rivers 10th year of working to support the Verde. Cost is $10 to register. Paddle any water body anywhere in the world, share images from your adventures, and connect with other paddlers on social media.

Register at verderiver.org.

Verde Valley Fair soliciting Art & Craft entries

Art & Craft entry is open for the 2021 Verde Valley Fair. Come celebrate A Blue Ribbon Life and enter your creations.

All ages and skill levels are encouraged and welcome. This years Verde Valley Fair is April 28 through May 2.

All entry information can be found in the 2021 Fair page at http://www.vvfair.com or call 928-634-3290. Entry deadline is April 16.

Cottonwood announces Willard Street closure for dip repair, street sight visibility projects

The City of Cottonwood has contracted with Lincoln Constructors, Inc. to complete the Willard Street Dip Repair and Cottonwood Street Sight Visibility projects.

Work is scheduled to begin on Monday, Feb. 22. These projects are located on Willard Street between Cottonwood Street and East Tierra Verde Drive.

This project will involve the reconstruction of approximately 60 feet of Willard Street immediately south of Hughes Supply, as well as removal of a portion of the hillside at the northeast corner of Cottonwood and Willard streets.

Residences and businesses along this project corridor will experience periods of increased noise throughout the duration of the project. Willard Street, between Cottonwood Street and East Tierra Verde Drive, will be closed to thru traffic for as much as 30 days.

A detour utilizing Fir and 6th streets, as well as State Route 89A will be posted. Hughes Supply will be accessible to the public throughout construction.

Access will be provided from the north side of the dip repair project. We ask that motorists and pedestrians follow all posted signs.

Thank you for your patience and cooperation during this project. Any questions, contact Martin Smith at 928-340-2773 or msmith@cottonwoodaz.gov.

Sedona City Council to fill vacant council seat

Due to the Feb. 9 resignation of Councilor Bill Chisholm, the Sedona City Council is accepting applications to fill a vacant council seat.

The term for this vacancy will end November/December 2022, when the newly elected councilors are seated following the fall 2022 election cycle. Applications for this vacancy will be accepted beginning immediately.

The following are qualifications to be part of Sedona City Council:

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Community events and announcements: Feb. 22, 2021 - Verde Independent

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Australias termite management standard revised …

Posted: September 12, 2020 at 2:55 am

Standards Australia has today published a revision of AS 3660.22017, Termite management Part 2: In and around existing buildings and structures.

This Standard works with AS 3660.12014 Termite management Part 1: New building work providing tools to manage termite risks to both existing structures and after construction of new buildings.

Australia is home to approximately 350 species of termites, about 30 of which have achieved pest status. Termites eat cellulose and many will eat timber and timber products, and common items around homes such as furniture, paper and fabrics.

Termite colonies that infest structures usually begin outside and gain entry to structures via the ground. This Standard seeks to provide guidance for the detection and management of this type of termite activity in and around existing buildings and structures.

In commenting on the Standard, Chair of Standards Australia Technical Committee BD074 and representative of the Total Environment Centre, Dr Don Ewart, said termites pose an often overlooked threat to health and safety, and their weakening of structures increases the likelihood of serious damage in the case of a storm, flood or fire.

The revision of this Standard has meant the management of termites is no longer just a matter of choosing what chemical for which situation, but consumers can now make decisions based on inspection data and management proposals to decide on the best way to manage termites in homes, offices, and buildings right across Australia, added Dr Ewart. The Standard also aims to facilitate better communication between specialist timber pest managers and building owners and managers.

Industry, government and consumer representatives all contributed to the work of Committee BD-074, and should be commended for their efforts in revising AS 3660.2.

With the impact of termites so widespread in Australia, industry and consumers are reminded to remain vigilant in managing these damaging pests.

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Terminix Hit With $2.8 Mil Damages After Defrauding …

Posted: August 8, 2020 at 6:53 pm

A retired high school principal had to camp outside her home as it was destroyed by termites.

On August 15, 2019, after an arbitration trial in Mobile, Alabama, against Terminix, Campbell Law PCs Tom Campbell and Brandon Falls recovered a $2,800,000 judgment for their clients, two retired educators who refused to be bullied by the termite company that nearly ruined their lives.

After Campbell Law PC proved fraud on Terminixs part, the arbitrator awarded the Baldwin County victims $2.8 million in damages. Why the huge decision against the pest control giant in favor of the victims? The judgement includes punitive damages to punish Terminix for their scam that left an elderly former high school principal camping outside her home in a travel trailer for two years while her home fell apart.

The house involved in this case is a beach home owned by two retired educators one is a retired high school principal and the other a retired college dean. The retired principal had to live in her travel camper for two years after the local building inspector determined that the home was unsafe. Instead of traveling the U.S. and enjoying the home to enjoy her bird-watching hobby on the barrier island, this retiree had to live in her camper and spend two of her remaining years fighting to recover money to rebuild her home.

The Campbell Law PC attorneys proved and the arbitrator agreed that Terminix never treated the home. Thats right, never. Terminix and its lawyers tried to argue that some treatment, albeit a deficient treatment, was done, but the records reflecting that must have been lost. However, because of its in-depth knowledge of Terminixs internal procedures (including record keeping), Campbell Law was able to get the Service Manager to admit that either the house was never treated or someone at the home office destroyed the computer records that would reveal the extent of any treatment to the home.

At Terminix, their policy is any claim payment over $50,000 must be approved by its Chief Executive Officer (CEO). The Director of Termite Damage Claims, Rick Skolnik, summarized the facts of the claim for the CEO. He recorded in the claim file that the home was never treated, interior inspections were always skipped, and that the house must be demolished and replaced. Nonetheless, the CEO refused to honor the repair bonds pledge to replace the home when doing so is necessary. You read that correctly: before this case ever went to trial, Terminix knew that that the home was never protected against termites nor properly inspected.

At trial, Mr. Skolnik admitted that this is like a homeowners insurance company refusing to replace a house that has burned to the ground when the owner has replacement value insurance. He could offer no legitimate excuse for his bosses refusal to pay the claim as provided in the repair and replacement bond.

Rebuilding would have cost $250,000, plus the cost of the victims renting another suitable home. The victims begged Terminix to make these arrangements for them because one had nowhere else to live, and she could not afford to pay for two homes. However, Terminix never even attempted to rebuild the home despite having numerous qualified builders on its payroll in South Alabama. Instead, they allowed one of the victims to literally camp outside her home in a camper trailer while her house was deemed unsafe to live in.

Instead of honoring the termite bonds written pledge to rebuild the home, Terminixs CEO and Chief Financial Officer tried to bully their elderly victims and made the Mobile, Alabama Service Manager offer the victims $72,000 but with two strings attached. First, they had to agree to never disclose the payment. Second, they had to agree not to ever criticize the company or its employees. The retirees refused to bow to the CEO.

Left with nowhere to live and no way to rebuild the home, the retirees contacted Campbell Law PC because the firm has never lost a trial against Terminix and its lawyers have been suing the company over this ongoing scam since 1997.

This is the latest in a string of multi-million-dollar awards against Terminix for a fraudulent scheme Campbell Law PC has uncovered through twenty years of litigation. At the time the $2.8 million arbitration award was delivered by email, Campbell Law and Terminix were embroiled in another fraud trial in Mobile and Terminixs Service Manager was testifying that Terminixs home office prevents branches from determining whether its termite treatments were skipped altogether or were incomplete.

Unfortunately, the damage done to the elderly victims in this case is not a rare, one-off mistake on the part of a few bad actors in south Alabama. Rather, the fraud perpetrated on the retired principal is the meat and potatoes of Terminixs business model, and the plan and enforcement of this fraud comes from the very top of the company.

Luckily, good rises against bad and the scales of justice seek balance. In the last twenty years, Campbell Law PC has emerged as the leader in uncovering and proving this horrible malpractice by Terminix and companies like it.

To point out that band of attorneys at Campbel Law PC have become a thorn in Terminixs side is an understatement. Prior to this trial, Terminix fired the big-time Chicago lawyers who defend its fraud cases across the country and hired a famous litigation boutique from Birmingham, Alabama. The new lawyer warned Campbell Law that his marching orders from Terminix were to be more aggressive. The lawyer threatened that he would appeal any award over $1,000,000 all the way to the Supreme Court to delay payment so the retirees should take what Terminix was willing to pay. Terminix tried this move earlier in the summer when ordered to pay an elderly widow 1.7 million dollars.

Lawyers are not supposed to use a right to appeal merely to delay paying a judgment, so this threat is not within the bounds of procedural rules. And the attorneys at Campbell Law have never rolled over to the threats of cheats and bullies. The Campbell Law PC lawyers filed a petition in Federal court on Friday to enforce the arbitration award and deter Terminixs lawyers from filing a frivolous appeal.

Campbell Law PC has eight lawyers who handle termite damage claims across the country every day. If you are being hoodwinked or bullied by your termite company, the termite team at Campbell Law PC will try to help. Campbell Law PC never charges a fee unless they win.

Email the Campbell Law PC team: TermiteTeam@CampbellLitigation.com

Toll-Free: 877-586-7582

Campbell Law PC, A Purpose-Filled Practice

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Mayor – News – August – Tonight: City of New Orleans Mosquito, Termite and Rodent Control Board to Conduct Adult Mosquito Ab – nola.gov

Posted: at 10:49 am

NEW ORLEANS The City of New Orleans Mosquito, Termite and Rodent Control Board (NOMTRCB) will conduct an adult mosquito abatement tonight in New Orleans East. The boundaries include Venetian Isles, Hayne Boulevard, Downman Road and Chef Menteur Highway. Treatments will be conducted by truck and airplane from 8:15 p.m. to 11:30 p.m., weather permitting.

NOMTRCB urges residents of New Orleans to protect themselves from biting mosquitoes and West Nile virus by avoiding mosquito bites. These actions include limiting outdoor activities between dusk and dawn, using EPA-approved insect repellents, reducing the number of mosquitoes around the home, and mosquito-proofing your home by maintaining screens on windows and doors. We are also urging people to empty water-filled containers around the home and yard to reduce potential mosquito breeding sites.

It is imperative for residents to remain vigilant in removing standing water by emptying containers. Water in containers that cannot be removed, such as bird baths, sugar kettles, pools, and ponds, should be changed weekly. At this time of the year, mosquitoes can develop from egg to adult within 7-10 days, highlighting the importance of checking your property for standing water on a weekly basis. Remove trash and clutter, including discarded tires, buckets, tarps and any other items that may collect water. Swimming pools and fountains should be operational and circulating. A mosquito can lay eggs and develop in a space as small as a bottle cap, so every container counts.

For additional information regarding West Nile virus, visit the Center for Disease Control and Prevention's websitehere.

SAFETY TIPS

Protecting Yourself

Protecting Your Home

Tires are easily filled with rain water, collect leaves and litter which provides ideal breeding sites for mosquito larvae. Eliminating scrap tire dumping can eradicate a prolific mosquito habitat.

Residents are encouraged to report mosquito issues to 311.

# # #

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Mayor - News - August - Tonight: City of New Orleans Mosquito, Termite and Rodent Control Board to Conduct Adult Mosquito Ab - nola.gov

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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of FITB, SERV and HALL – Yahoo Finance

Posted: June 1, 2020 at 9:56 pm

NEW YORK, NY / ACCESSWIRE / June 1, 2020 / 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.

Fifth Third Bancorp (FITB)Class Period: February 26, 2016 - March 6, 2020Lead Plaintiff Deadline: June 8, 2020

The FITB lawsuit alleges that Fifth Third Bancorp made materially false and/or misleading statements and/or failed to disclose that: (i) as a result of Fifth Third Bank's aggressive incentive policies to promote its cross-sell strategy, Fifth Third Bank employees engaged in unauthorized conduct with customer accounts; (ii) since at least 2008, Fifth Third Bank, and by extension, Fifth Third, was aware of such unauthorized conduct and, thus, that it was violating relevant regulations and laws aimed at protecting its consumers; (iii) Fifth Third failed to properly implement and monitor its cross-sell program, detect and stop misconduct, and identify and remediate harmed consumers; (iv) all the foregoing subjected the Company to a foreseeable risk of heightened regulatory scrutiny or investigation; (v) Fifth Third's revenues were in part the product of unlawful conduct and thus unsustainable; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in FITB: http://www.kleinstocklaw.com/pslra-1/fifth-third-bancorp-loss-submission-form?id=7024&from=1

Servicemaster Global Holdings, Inc. (SERV)Class Period: February 26, 2019 - November 4, 2019Lead Plaintiff Deadline: June 9, 2020

Servicemaster Global Holdings, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (a) ServiceMaster had failed to properly inspect and treat for Formosan termite activity; (b) as a result thereof, the Company was and continued to experience a material adverse trend of costly litigation from injured customers which was not disclosed to investors; (c) in an unsuccessful attempt to mitigate this trend, Defendants had been taking remedial measures since at least 2018, including drastically raising prices for termite treatments in Mobile, Alabama to deter contract renewals; and (d) as a result of the foregoing, ServiceMaster's financial results were reasonably likely to be impacted, and would continue to impact the Company into 2020.

Learn about your recoverable losses in SERV: http://www.kleinstocklaw.com/pslra-1/servicemaster-global-holdings-inc-loss-submission-form?id=7024&from=1

Hallmark Financial Services, Inc. (HALL)Class Period: March 5, 2019 - March 17, 2020Lead Plaintiff Deadline: July 6, 2020

During the class period, Hallmark Financial Services, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked effective internal controls over accounting and financial reporting related to reserves for unpaid losses; (2) the Company improperly accounted for reserve for unpaid losses and loss adjustment expenses related to its Binding Primary Commercial Auto business; (3) as a result, Hallmark Financial would be forced to report a $63.8 million loss development for prior underwriting years; (4) as a result, Hallmark Financial would exit from its Binding Primary Commercial Auto business; and (5) 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 HALL: http://www.kleinstocklaw.com/pslra-1/hallmark-financial-services-inc-loss-submission-form?id=7024&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.

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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of FITB, SERV and HALL - Yahoo Finance

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SERV ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of June 9, 2020 in the Class Action Filed on Behalf of Servicemaster Global…

Posted: May 23, 2020 at 8:45 pm

New York, New York--(Newsfile Corp. - May 20, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Servicemaster Global Holdings, Inc. (NYSE: SERV) alleging that the Company violated federal securities laws.

Class Period: February 26, 2019 and November 4, 2019Lead Plaintiff Deadline: June 9, 2020

Learn more about your recoverable losses in DNK:http://www.kleinstocklaw.com/pslra-1/servicemaster-global-holdings-inc-loss-submission-form?id=6713&from=5

The filed complaint alleges that Servicemaster Global Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) ServiceMaster had failed to properly inspect and treat for Formosan termite activity; (b) as a result thereof, the Company was and continued to experience a material adverse trend of costly litigation from injured customers which was not disclosed to investors; (c) in an unsuccessful attempt to mitigate this trend, Defendants had been taking remedial measures since at least 2018, including drastically raising prices for termite treatments in Mobile, Alabama to deter contract renewals; and (d) as a result of the foregoing, ServiceMaster's financial results were reasonably likely to be impacted, and would continue to impact the Company into 2020.

Shareholders have until June 9, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

For additional information about the SERV lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.

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 Building350 Fifth Avenue59th FloorNew York, NY 10118jk@kleinstocklaw.comTelephone: (212) 616-4899Fax: (347) 558-9665www.kleinstocklaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56197

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SERV ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of June 9, 2020 in the Class Action Filed on Behalf of Servicemaster Global...

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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SERV, BIDU and CTMX – Yahoo Finance

Posted: at 3:42 am

NEW YORK, NY / ACCESSWIRE / May 22, 2020 / 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.

Servicemaster Global Holdings, Inc. (SERV)Class Period: February 26, 2019 - November 4, 2019Lead Plaintiff Deadline: June 9, 2020

During the class period, Servicemaster Global Holdings, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (a) ServiceMaster had failed to properly inspect and treat for Formosan termite activity; (b) as a result thereof, the Company was and continued to experience a material adverse trend of costly litigation from injured customers which was not disclosed to investors; (c) in an unsuccessful attempt to mitigate this trend, Defendants had been taking remedial measures since at least 2018, including drastically raising prices for termite treatments in Mobile, Alabama to deter contract renewals; and (d) as a result of the foregoing, ServiceMaster's financial results were reasonably likely to be impacted, and would continue to impact the Company into 2020.

Learn about your recoverable losses in SERV: http://www.kleinstocklaw.com/pslra-1/servicemaster-global-holdings-inc-loss-submission-form?id=6830&from=1

Baidu, Inc. (BIDU)Class Period: March 16, 2019 - April 7, 2020Lead Plaintiff Deadline: June 22, 2020

According to the complaint, Baidu, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Baidu's feed services were not in compliance with applicable Chinese regulatory standards; (ii) the foregoing noncompliance subjected the Company to a heightened risk of regulatory enforcement, including the removal or suspension of certain of Baidu's services and products; (iii) accordingly, the Company's revenues derived from online marketing services were unlikely to be sustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in BIDU: http://www.kleinstocklaw.com/pslra-1/baidu-inc-loss-submission-form?id=6830&from=1

CytomX Therapeutics, Inc. (CTMX)Class Period: May 17, 2018 - May 13, 2020Lead Plaintiff Deadline: July 20, 2020

The CTMX lawsuit alleges that throughout the class period, CytomX Therapeutics, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) CytomX had downplayed issues with CX-072's efficacy observed in the PROCLAIM-CX-072 clinical program; (ii) CytomX had similarly downplayed issues with CX-2009's efficacy and safety observed in the PROCLAIM-CX-2009 clinical program; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in CTMX: http://www.kleinstocklaw.com/pslra-1/cytomx-therapeutics-inc-loss-submission-form?id=6830&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 Building350 Fifth Avenue59th FloorNew York, NY 10118jk@kleinstocklaw.comTelephone: (212) 616-4899Fax: (347) 558-9665www.kleinstocklaw.com

SOURCE: The Klein Law Firm

View source version on accesswire.com: https://www.accesswire.com/591117/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-SERV-BIDU-and-CTMX

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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SERV, BIDU and CTMX - Yahoo Finance

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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SERV, BBBY and IQ – Yahoo Finance

Posted: May 13, 2020 at 7:49 pm

NEW YORK, NY / ACCESSWIRE / May 13, 2020 / 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.

Servicemaster Global Holdings, Inc. (SERV)Class Period: February 26, 2019 - November 4, 2019Lead Plaintiff Deadline: June 9, 2020

The complaint alleges that during the class period Servicemaster Global Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (a) ServiceMaster had failed to properly inspect and treat for Formosan termite activity; (b) as a result thereof, the Company was and continued to experience a material adverse trend of costly litigation from injured customers which was not disclosed to investors; (c) in an unsuccessful attempt to mitigate this trend, Defendants had been taking remedial measures since at least 2018, including drastically raising prices for termite treatments in Mobile, Alabama to deter contract renewals; and (d) as a result of the foregoing, ServiceMaster's financial results were reasonably likely to be impacted, and would continue to impact the Company into 2020.

Learn about your recoverable losses in SERV: http://www.kleinstocklaw.com/pslra-1/servicemaster-global-holdings-inc-loss-submission-form?id=6466&from=1

Bed Bath & Beyond Inc. (BBBY)Class Period: October 2, 2019 - February 11, 2020Lead Plaintiff Deadline: June 15, 2020

Throughout the class period, Bed Bath & Beyond Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) due to "aggressive disposition of inventory," the Company lacked sufficient inventory in key categories to support holiday sales; (2) the Company's internal control over inventory levels and financial reporting was not effective; (3) as a result of the foregoing, the Company was likely to experience reduced sales; and (4) 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 BBBY: http://www.kleinstocklaw.com/pslra-1/bed-bath-beyond-inc-loss-submission-form?id=6466&from=1

iQIYI, Inc. (IQ)Class Period: March 29, 2018 - April 7, 2020Lead Plaintiff Deadline: June 15, 2020

During the class period, iQIYI, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (1) iQIYI inflated its revenue figures; (2) iQIYI inflated its user numbers; (3) iQIYI inflated its expenses to cover up other fraud; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in IQ: http://www.kleinstocklaw.com/pslra-1/iqiyi-inc-loss-submission-form?id=6466&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 Building350 Fifth Avenue59th FloorNew York, NY 10118jk@kleinstocklaw.comTelephone: (212) 616-4899Fax: (347) 558-9665www.kleinstocklaw.com

SOURCE: The Klein Law Firm

View source version on accesswire.com: https://www.accesswire.com/589660/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-SERV-BBBY-and-IQ

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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of SERV, BBBY and IQ - Yahoo Finance

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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against ServiceMaster, iAnthus, iQIYI, and GSX Techedu…

Posted: May 1, 2020 at 4:46 pm

NEW YORK, April 29, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of ServiceMaster Global Holdings, Inc. (NYSE:SERV), iAnthus Capital Holdings, Inc. (OTC:ITHUF), iQIYI, Inc. (NASDAQ:IQ), and GSX Techedu, Inc. (NYSE:GSX). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

ServiceMaster Global Holdings, Inc. (NYSE:SERV)

Class Period: February 26, 2019 to November 4, 2019

Lead Plaintiff Deadline: June 9, 2020

On October 22, 2019, ServiceMaster announced disappointing preliminary financial results for the third quarter of 2019. The company stated that it missed revenue and earnings estimates and issued downward adjusted EBITDA guidance. The press release attributed the disappointing results to "termite damage claims arising primarily from Formosan termite activity," primarily in Mobile, Alabama. The Company further stated that this had been a known issue, having taken mitigating measures "starting in 2018." Finally, the Company announced the sudden departure of Matthew J. Stevenson in his role as President of Terminix Residential.

On this news the price of ServiceMaster common stock fell $11.44 per share or 20%, closing at $44.70 per share on October 22, 2019.

Then, on November 5, 2019, ServiceMaster released its third quarter 2019 financial results. In this press release discussing the "challenging quarter," the Company revealed that it had been impacted by certain "legacy risks," including "termite damage claims." That same day, defendants held an earnings call with analysts and investors to discuss ServiceMaster's third quarter 2019 financial results. On the call, defendants informed the market that the increase in termite litigationwhich had occurred "[i]n the past few years"had impacted termite revenue and these issues would continue throughout 2020.

On this news, the price of ServiceMaster shares fell $1.42 per share, or 3.5%, to close at $39.15 per share on November 5, 2019. As the market continued to digest the disappointing news, ServiceMaster shares further declined by $3.41, or 9%, to close at $35.74 per share on November 6, 2019.

All told, following the November 5, 2019 disclosure, ServiceMaster stock suffered a total decline of $4.83 per share from its November 4, 2019 closing price.

The complaint, filed on April 10, 2020, alleges that during the Class Period defendants repeatedly assured the market that ServiceMaster was successfully executing upon initiatives to improve the performance in the Terminix segment. In addition, defendants stated that Terminix would reach a positive "inflection point" and was "definitely the driver" for positive trends expected in the second half of 2019. Unbeknownst to investors, however, in the past several years the Terminix segment had experienced an adverse trend of costly termite litigation, primarily related to Formosan termite activity. This negative trend, which would ultimately impact ServiceMaster's current and future financial results, was known to defendants throughout the Class Period, as by their own later admission they had been taking mitigating measures since 2018.

For more information on the ServiceMaster class action go to: https://bespc.com/SERV

iAnthus Capital Holdings, Inc. (OTC:ITHUF)

Class Period: May 14, 2018 to April 6, 2020

Lead Plaintiff Deadline: June 15, 2020

In May of 2018, iAnthus entered into the $50 million 2018 Debenture Agreement with Gotham Green Partners ("GGP"). Among other things, that agreement provided for the withholding and escrow of $5,722,222.22 from the 2018 Debenture proceeds to pay one year's interest on the 2018 Debentures in the event of iAnthus' inability to make its interest payments under the agreement.

Then, on September 30, 2019, iAnthus and GGP entered into the Amended Debenture Agreement, which provided an additional $20 million to the Company. The Amended Debenture Agreement included the provision from the 2018 Debenture Agreement that provided for the withholding and escrow of $5,722,222.22 to pay one year's interest under the Amended Debenture Agreement in the event that iAnthus was unable to make the required interest payments.

Although iAnthus never disclosed that the $5.72 million in escrowed funds was not available to fund iAnthus' interest payments, on April 6, 2020, iAnthus announced that it had defaulted on $4.4 million in interest payments to GGP under the Amended Debenture Agreement on March 31, 2020.

On this news, shares of iAnthus fell over 61%, closing at $0.179 per share on April 6, 2020.

The complaint, filed on April 15, 2020, alleges that throughout the Class Period defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company's ability to pay its interest obligations under various debenture agreements. As a result of defendants' alleged false and misleading statements, the Company's stock traded at artificially inflated prices during the Class Period.

For more information on the iAnthus class action go to: https://bespc.com/ITHUF

iQIYI, Inc. (NASDAQ:IQ)

Class Period: March 29, 2018 to April 7, 2020

Lead Plaintiff Deadline: June 15, 2020

On April 7, 2020, Wolfpack Research released a report detailing, among other things, how iQIYI had misled investors and failed to disclose pertinent information generally and in its March 2018 initial public offering Registration Statement, including: (i) iQIYI overstating its user numbers; (ii) iQIYI inflating its revenues; (iii) iQIYI inflating expenses and prices of assets to conceal its revenue inflation; and (iv) iQIYI issuing misleading financial reporting creating the appearance of a cash generative company.

On this news, iQIYI's share price fell $0.99 per share over the rest of the trading day and the next full trading day, or 5.6%, to close at $16.51 per share on April 8, 2020.

The complaint, filed on April 16, 2020, alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) iQIYI inflated its revenue figures; (2) iQIYI inflated its user numbers; (3) iQIYI inflated its expenses to cover up other fraud; and (4) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. According to the suit, these true details were disclosed by a market research firm.

For more information on the iQIYI class action go to: https://bespc.com/IQ

GSX Techedu, Inc. (NYSE:GSX)

Class Period: June 6, 2019 to April 13, 2020

Lead Plaintiff Deadline: June 16, 2020

On February 25, 2020, Grizzly Research LLC ("Grizzly") published a report highlighting multiple alleged issues with GSX's business and financial operations (the "Grizzly Report"). Specifically, the Grizzly Report alleged, among other issues, that the Company "has been drastically overstating its profitability in its US public filings, especially for 2018"; Grizzly "found multiple strong indications of past and current order brushing,'" which are "essentially fake student enrollments to boost student count"; "many of GSX's reported students do not actually exist"; and "[w]hile [GSX] touts its high-quality teacher recruitment mechanism, [Grizzly] found a sign-up website that was not functional, multiple allegations of GSX hiring teachers right out of college with no prior experience, and fabricated teachers profiles."

Following publication of the Grizzly Report, GSX's share price fell $1.33 per share, or 2.93%, to close at $44.09 per share on February 25, 2020.

Then, on April 14, 2020, Citron Research ("Citron") published a report highlighting additional alleged issues with GSX's business and financial operations (the "Citron Report"), including, among other issues, that the Company's "2019 revenue was overstated by 70%," that "sales revenues are largely exaggerated," and that the Company's "filings are riddled with suspicious transactions."

Following the publication of the Citron Report, GSX's share price fell $0.20 per share, or 0.64%, to close at $31.20 per share on April 14, 2020.

The complaint, filed on April 17, 2020, alleges that throughout the Class Period defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) GSX overstated its profitability, revenue, student enrollment figures, teacher qualifications, and teacher selection process; (ii) the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Company's financial results; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

For more information on the GSX class action go to: https://bespc.com/gsx

About Bragar Eagel & Squire, P.C.:Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit http://www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:Bragar Eagel & Squire, P.C.Melissa Fortunato, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com

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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against ServiceMaster, iAnthus, iQIYI, and GSX Techedu...

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Bragar Eagel & Squire, PC Reminds Investors That Class Action Lawsuits Have Been Filed Against ServiceMaster, iAnthus, iQIYI, and GSX Techedu and…

Posted: April 30, 2020 at 11:41 am

NEW YORK, April 29, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of ServiceMaster Global Holdings, Inc. (NYSE: SERV), iAnthus Capital Holdings, Inc. (Other OTC: ITHUF), iQIYI, Inc. (NASDAQ: IQ), and GSX Techedu, Inc. (NYSE: GSX). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

ServiceMaster Global Holdings, Inc. (NYSE: SERV)

Class Period: February 26, 2019 to November 4, 2019

Lead Plaintiff Deadline: June 9, 2020

On October 22, 2019, ServiceMaster announced disappointing preliminary financial results for the third quarter of 2019. The company stated that it missed revenue and earnings estimates and issued downward adjusted EBITDA guidance. The press release attributed the disappointing results to termite damage claims arising primarily from Formosan termite activity, primarily in Mobile, Alabama. The Company further stated that this had been a known issue, having taken mitigating measures starting in 2018. Finally, the Company announced the sudden departure of Matthew J. Stevenson in his role as President of Terminix Residential.

On this news the price of ServiceMaster common stock fell $11.44 per share or 20%, closing at $44.70 per share on October 22, 2019.

Then, on November 5, 2019, ServiceMaster released its third quarter 2019 financial results. In this press release discussing the challenging quarter, the Company revealed that it had been impacted by certain legacy risks, including termite damage claims. That same day, defendants held an earnings call with analysts and investors to discuss ServiceMasters third quarter 2019 financial results. On the call, defendants informed the market that the increase in termite litigationwhich had occurred [i]n the past few yearshad impacted termite revenue and these issues would continue throughout 2020.

On this news, the price of ServiceMaster shares fell $1.42 per share, or 3.5%, to close at $39.15 per share on November 5, 2019. As the market continued to digest the disappointing news, ServiceMaster shares further declined by $3.41, or 9%, to close at $35.74 per share on November 6, 2019.

All told, following the November 5, 2019 disclosure, ServiceMaster stock suffered a total decline of $4.83 per share from its November 4, 2019 closing price.

The complaint, filed on April 10, 2020, alleges that during the Class Period defendants repeatedly assured the market that ServiceMaster was successfully executing upon initiatives to improve the performance in the Terminix segment. In addition, defendants stated that Terminix would reach a positive inflection point and was definitely the driver for positive trends expected in the second half of 2019. Unbeknownst to investors, however, in the past several years the Terminix segment had experienced an adverse trend of costly termite litigation, primarily related to Formosan termite activity. This negative trend, which would ultimately impact ServiceMasters current and future financial results, was known to defendants throughout the Class Period, as by their own later admission they had been taking mitigating measures since 2018.

For more information on the ServiceMaster class action go to: https://bespc.com/SERV

iAnthus Capital Holdings, Inc. (Other OTC: ITHUF)

Class Period: May 14, 2018 to April 6, 2020

Lead Plaintiff Deadline: June 15, 2020

In May of 2018, iAnthus entered into the $50 million 2018 Debenture Agreement with Gotham Green Partners (GGP). Among other things, that agreement provided for the withholding and escrow of $5,722,222.22 from the 2018 Debenture proceeds to pay one years interest on the 2018 Debentures in the event of iAnthus inability to make its interest payments under the agreement.

Then, on September 30, 2019, iAnthus and GGP entered into the Amended Debenture Agreement, which provided an additional $20 million to the Company. The Amended Debenture Agreement included the provision from the 2018 Debenture Agreement that provided for the withholding and escrow of $5,722,222.22 to pay one years interest under the Amended Debenture Agreement in the event that iAnthus was unable to make the required interest payments.

Although iAnthus never disclosed that the $5.72 million in escrowed funds was not available to fund iAnthus interest payments, on April 6, 2020, iAnthus announced that it had defaulted on $4.4 million in interest payments to GGP under the Amended Debenture Agreement on March 31, 2020.

On this news, shares of iAnthus fell over 61%, closing at $0.179 per share on April 6, 2020.

The complaint, filed on April 15, 2020, alleges that throughout the Class Period defendants made materially false and misleading statements, and omitted materially adverse facts, about the Companys ability to pay its interest obligations under various debenture agreements. As a result of defendants alleged false and misleading statements, the Companys stock traded at artificially inflated prices during the Class Period.

For more information on the iAnthus class action go to: https://bespc.com/ITHUF

iQIYI, Inc. (NASDAQ: IQ)

Class Period: March 29, 2018 to April 7, 2020

Lead Plaintiff Deadline: June 15, 2020

On April 7, 2020, Wolfpack Research released a report detailing, among other things, how iQIYI had misled investors and failed to disclose pertinent information generally and in its March 2018 initial public offering Registration Statement, including: (i) iQIYI overstating its user numbers; (ii) iQIYI inflating its revenues; (iii) iQIYI inflating expenses and prices of assets to conceal its revenue inflation; and (iv) iQIYI issuing misleading financial reporting creating the appearance of a cash generative company.

On this news, iQIYIs share price fell $0.99 per share over the rest of the trading day and the next full trading day, or 5.6%, to close at $16.51 per share on April 8, 2020.

The complaint, filed on April 16, 2020, alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) iQIYI inflated its revenue figures; (2) iQIYI inflated its user numbers; (3) iQIYI inflated its expenses to cover up other fraud; and (4) as a result, defendants statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. According to the suit, these true details were disclosed by a market research firm.

For more information on the iQIYI class action go to: https://bespc.com/IQ

GSX Techedu, Inc. (NYSE: GSX)

Class Period: June 6, 2019 to April 13, 2020

Lead Plaintiff Deadline: June 16, 2020

On February 25, 2020, Grizzly Research LLC (Grizzly) published a report highlighting multiple alleged issues with GSXs business and financial operations (the Grizzly Report). Specifically, the Grizzly Report alleged, among other issues, that the Company has been drastically overstating its profitability in its US public filings, especially for 2018; Grizzly found multiple strong indications of past and current order brushing, which are essentially fake student enrollments to boost student count; many of GSXs reported students do not actually exist; and [w]hile [GSX] touts its high-quality teacher recruitment mechanism, [Grizzly] found a sign-up website that was not functional, multiple allegations of GSX hiring teachers right out of college with no prior experience, and fabricated teachers profiles.

Following publication of the Grizzly Report, GSXs share price fell $1.33 per share, or 2.93%, to close at $44.09 per share on February 25, 2020.

Then, on April 14, 2020, Citron Research (Citron) published a report highlighting additional alleged issues with GSXs business and financial operations (the Citron Report), including, among other issues, that the Companys 2019 revenue was overstated by 70%, that sales revenues are largely exaggerated, and that the Companys filings are riddled with suspicious transactions.

Following the publication of the Citron Report, GSXs share price fell $0.20 per share, or 0.64%, to close at $31.20 per share on April 14, 2020.

The complaint, filed on April 17, 2020, alleges that throughout the Class Period defendants made materially false and misleading statements regarding the Companys business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) GSX overstated its profitability, revenue, student enrollment figures, teacher qualifications, and teacher selection process; (ii) the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Companys financial results; and (iii) as a result, the Companys public statements were materially false and misleading at all relevant times.

For more information on the GSX class action go to: https://bespc.com/gsx

About Bragar Eagel & Squire, P.C.:Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit http://www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:Bragar Eagel & Squire, P.C.Melissa Fortunato, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com

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Bragar Eagel & Squire, PC Reminds Investors That Class Action Lawsuits Have Been Filed Against ServiceMaster, iAnthus, iQIYI, and GSX Techedu and...

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