INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against YogaWorks, Inc. & En...
12 Gennaio 2019 - 1:30AM
Business Wire
The law firm of Kirby McInerney LLP reminds investors that a
class action lawsuit has been filed in the U.S. District Court for
the Central District of California on behalf of all persons or
entities who acquired YogaWorks, Inc. (“YogaWorks” or the
“Company”) (NASDAQ: YOGA) securities between August 7, 2017 and
December 27, 2018 (the “Class Period”). Investors have until
February 25, 2019 to apply to the Court to be appointed as lead
plaintiff in the lawsuit.
According to the lawsuit, YogaWorks’ Registration Statement and
Prospectus made materially misleading statements regarding: (1)
YogaWorks’ studio-level economics and the adverse trends it faced
in declining studio profitability; (2) reasons for YogaWorks’
declining revenue, including increasing corporate overhead costs;
and (3) YogaWorks’ increasing corporate infrastructure costs and
inability to achieve economies of scale.
On or around August 11, 2017, YogaWorks conducted its initial
public offering (“IPO”), issuing approximately 7.3 million shares
of common stock priced at $5.50 per share. As of December 27, 2018,
YogaWorks’ stock closed at $0.45 or approximately 92% below its IPO
price.
If you acquired YogaWorks securities, have information, or would
like to learn more about these claims, please contact Thomas W.
Elrod of Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20190111005497/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600investigations@kmllp.comwww.kmllp.com
Grafico Azioni YogaWorks (NASDAQ:YOGA)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni YogaWorks (NASDAQ:YOGA)
Storico
Da Gen 2024 a Gen 2025
