NEW YORK, NY / ACCESSWIRE / May 27, 2020 / 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.
SERV Shareholders Click Here: https://www.zlk.com/pslra-1/servicemaster-global-holdings-inc-loss-form?prid=6906&wire=1
GSX Shareholders Click Here: https://www.zlk.com/pslra-1/gsx-techedu-inc-loss-form?prid=6906&wire=1
LOPE Shareholders Click Here: https://www.zlk.com/pslra-1/grand-canyon-education-inc-loss-form?prid=6906&wire=1
* ADDITIONAL INFORMATION BELOW *
Servicemaster Global Holdings, Inc. (NYSE:SERV)
SERV Lawsuit on behalf of: investors who purchased February 26, 2019 - November 4, 2019
Lead Plaintiff Deadline : June 9, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/servicemaster-global-holdings-inc-loss-form?prid=6906&wire=1
According to the filed complaint, 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.
GSX Techedu Inc. (NYSE:GSX)
GSX Lawsuit on behalf of: investors who purchased June 6, 2019 - April 13, 2020
Lead Plaintiff Deadline : June 16, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/gsx-techedu-inc-loss-form?prid=6906&wire=1
According to the filed complaint, during the class period, GSX Techedu Inc. made materially 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.
Grand Canyon Education, Inc. (NASDAQ:LOPE)
LOPE Lawsuit on behalf of: investors who purchased January 5, 2018 - January 27, 2020
Lead Plaintiff Deadline : July 13, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/grand-canyon-education-inc-loss-form?prid=6906&wire=1
According to a filed complaint, statements made by Defendants were false and/or misleading because, following Grand Canyon's spin-off of its educational assets as Grand Canyon University ("GCU"): (i) GCU would not be a proper non-profit organization as it would remain under the control of Grand Canyon, and (ii) Grand Canyon would not be a third-party service provider to GCU but rather would continue to effectively operate the entity, and (iii) Grand Canyon employees served as executives of GCU and (iv) GCU functioned as an off-balance-sheet entity to which Grand Canyon would be able to funnel expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyon's financial results.
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.
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/591587/CLASS-ACTION-UPDATE-for-SERV-GSX-and-LOPE-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders
