Latest News by Industry
NEW YORK, Nov. 19, 2022 (GLOBE NEWSWIRE) --
Natera, Inc. (NASDAQ: NTRA)
Lifshitz Law PLLC announces that a class action complaint was filed on behalf of shareholders of Natera alleging that Defendants misrepresented and/or failed to disclose that: (i) the Company’s Panorama Non-Invasive Prenatal Test was not reliable and resulted in high rates of false positives; (ii) its Prospera test did not have superior precision compared to competing tests; (iii) as a result of Defendants’ false and misleading claims about Natera’s technology, the Company was exposed to substantial legal and regulatory risks; (iv) Natera relied upon deceptive sales and billing practices to drive its revenue growth; and (v) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects lacked a reasonable basis.
If you are a Natera investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or email at info@jlclasslaw.com.
Butterfly Network, Inc. (NYSE: BFLY)
Lifshitz Law PLLC announces that a class action complaint was filed on behalf of shareholders of Butterfly Network alleging that the Company’s Proxy Statement in connection with its merger with Longview was negligently prepared, and as a result contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading. Additionally, the complaint alleges that Defendants made 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.
If you are a Butterfly Network investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or email at info@jlclasslaw.com.
Pulse Biosciences, Inc. (NASDAQ: PLSE)
Lifshitz Law PLLC announces that a class action complaint was filed on behalf of shareholders of Pulse Biosciences alleging that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (i) that the Company’s IDE study evaluating the use of the CellFX System to treat sebaceous hyperplasia lesions failed to meet its primary endpoints; (ii) that, as a result, there was a substantial risk that the FDA would reject Pulse’s 510(k) submission seeking to expand the label for the CellFX System to treat sebaceous hyperplasia lesions; and (iii) that, 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.
If you are a Pulse Biosciences investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or email at info@jlclasslaw.com.
SunPower Corporation (NASDAQ: SPWR)
Lifshitz Law PLLC announces that a class action complaint was filed on behalf of shareholders of SunPower alleging that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (i) that certain connectors used by SunPower suffered from cracking issues; (ii) that, as a result, the Company was reasonably likely to incur costs to remediate the faulty connectors; (iii) that, as a result of the foregoing, SunPower’s financial results would be adversely impacted; and (iv) that, 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.
If you are a SunPower investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or email at info@jlclasslaw.com.
ATTORNEY ADVERTISING. © 2022 Lifshitz Law PLLC. The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact:
Joshua M. Lifshitz, Esq.
Lifshitz Law PLLC
Phone: 516-493-9780
Facsimile: 516-280-7376
Email: jml@jlclasslaw.com