LOS ANGELES, Sept. 23, 2022 (GLOBE NEWSWIRE) — The law office of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders in the following public companies. Investors have until the deadlines listed below to file a lead plaintiff filing.
Investors who experience losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email at [email protected].
Twitter, Inc. (NYSE: TWTR)
Class Period: August 3, 2020 – August 23, 2022
Deadline for lead plaintiff: November 14, 2022
Shareholders with a loss of $100,000 or more are encouraged to contact the company.
The lawsuit alleges that the defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects during the class period. Specifically, Defendants failed to disclose to investors that: (1) Twitter was aware of security concerns on their platform; (2) Twitter has actively worked to hide security concerns from its board of directors, the investing public, and regulators; (3) contrary to what SEC filings state, Twitter has taken no steps to improve security; (4) Twitter’s active refusal to address security issues increased the risk of loss of public goodwill; and (5) as a result, the statements made by the defendants regarding their businesses, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you’re a Twitter shareholder who has suffered a loss, click here take part.
Palantir Technologies Inc. (NYSE: PLTR)
Class Period: November 9, 2021 – May 6, 2022
Deadline for lead plaintiff: November 14, 2022
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 establish material adverse facts about the…
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