NEW YORK, NY / ACCESSWIRE / June 30, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.
Ryder System, Inc. (NYSE:R)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/ryder-system-inc-loss-submission-form?prid=7650&wire=1
Lead Plaintiff Deadline: July 20, 2020
Class Period: July 23, 2015 - February 13, 2020
Allegations against R include that: (1) Ryder's financial results were inflated as a result of the Company's practice of overstating the residual values of the vehicles in its fleet; (2) there was no reasonable basis to believe that Ryder would sell its used vehicles for the amounts that it had assigned to them; (3) Ryder's residual values for its fleet of vehicles exceeded the expected future values that would be realized upon the sale of those vehicles; 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.
Wells Fargo & Company (NYSE:WFC)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/wells-fargo-company-loss-submission-form?prid=7650&wire=1
Lead Plaintiff Deadline: August 3, 2020
Class Period: April 5, 2020 - May 5, 2020
Allegations against WFC include that: (i) Wells Fargo planned to, and did, improperly allocate government-backed loans under the Paycheck Protection Program ("PPP"), and/or had inadequate controls in place to prevent such misallocation; (ii) the foregoing foreseeably increased the Company's litigation risk with respect to PPP allocation, as well as increased regulatory scrutiny and/or potential enforcement actions; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Ideanomics, Inc. (NASDAQ:IDEX)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/ideanomics-inc-loss-submission-form?prid=7650&wire=1
Lead Plaintiff Deadline: August 27, 2020
Class Period: March 20, 2020 - June 25, 2020
Allegations against IDEX include that: (i) Ideanomics' Mobile Energy Global Division in Qingdao, China (the "MEG Center") was not "a one million square foot EV expo center" as the Company had stated in press releases; (ii) the Company had been using doctored or altered photographs of the purported MEG Center in Qingdao; (iii) the Company's electric vehicle business in China was not performing nearly as strongly as Ideanomics had represented; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
To learn more contact Vincent Wong, Esq. either via email vw@wongesq.com or by telephone at 212.425.1140.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
SOURCE: The Law Offices of Vincent Wong
View source version on accesswire.com:
https://www.accesswire.com/595737/SHAREHOLDER-ALERT-R-WFC-IDEX-The-Law-Offices-of-Vincent-Wong-Reminds-Investors-of-Important-Class-Action-Deadlines
