U.S. markets closed

  • S&P Futures

    4,343.00
    -9.00 (-0.21%)
     

  • Dow Futures

    34,798.00
    -66.00 (-0.19%)
     

  • Nasdaq Futures

    14,755.00
    -32.50 (-0.22%)
     

  • Russell 2000 Futures

    2,179.80
    -7.00 (-0.32%)
     

  • Crude Oil

    71.36
    -0.29 (-0.40%)
     

  • Gold

    1,830.10
    +1.10 (+0.06%)
     

  • Silver

    26.43
    +0.06 (+0.21%)
     

  • EUR/USD

    1.1819
    0.0000 (-0.00%)
     

  • 10-Yr Bond

    1.2970
    -0.0590 (-4.35%)
     

  • Vix

    17.01
    +0.68 (+4.16%)
     

  • GBP/USD

    1.3832
    +0.0009 (+0.06%)
     

  • USD/JPY

    109.7360
    -0.1040 (-0.09%)
     

  • BTC-USD

    31,702.93
    -1,042.26 (-3.18%)
     

  • CMC Crypto 200

    767.09
    -19.34 (-2.46%)
     

  • FTSE 100

    7,012.02
    -79.17 (-1.12%)
     

  • Nikkei 225

    28,279.09
    0.00 (0.00%)
     

CLASS ACTION UPDATE for CCIV, WISH and RLX: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·4 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

NEW YORK, NY / ACCESSWIRE / July 15, 2021 / 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.

CCIV Shareholders Click Here: https://www.zlk.com/pslra-1/churchill-capital-corp-iv-information-request-form?prid=17698&wire=1
WISH Shareholders Click Here: https://www.zlk.com/pslra-1/contextlogic-inc-loss-submission-form?prid=17698&wire=1
RLX Shareholders Click Here: https://www.zlk.com/pslra-1/rlx-technology-inc-loss-submission-form?prid=17698&wire=1

* ADDITIONAL INFORMATION BELOW *

Churchill Capital Corp IV (NYSE:CCIV)

CCIV Lawsuit on behalf of: investors who purchased January 11, 2021 - February 22, 2021
Lead Plaintiff Deadline : August 30, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/churchill-capital-corp-iv-information-request-form?prid=17698&wire=1

According to the filed complaint, during the class period, Churchill Capital Corp IV made materially false and/or misleading statements and/or failed to disclose that: (1) Lucid was not prepared to deliver vehicles by spring of 2021; (2) Lucid was projecting a production of 557 vehicles in 2021 instead of the 6,000 vehicles touted in the run-up to the merger with Churchill; and (3) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

Contextlogic Inc. (NASDAQ:WISH)

This lawsuit is on on behalf of: i) all persons or entities who purchased or otherwise acquired securities of ContextLogic, Inc. ("ContextLogic") (NASDAQ: WISH) and/or sold put options of ContextLogic during the period from December 16, 2020 to May 12, 2021, inclusive; and/or (ii) all persons who purchased ContextLogic securities pursuant and/or traceable to the Company's initial public offering conducted on or about December 16, 2020.
Lead Plaintiff Deadline : July 16, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/contextlogic-inc-loss-submission-form?prid=17698&wire=1

In the registration statement and prospectus used to conduct the initial public offering and throughout the class period, defendants made materially false and misleading statements about the strength of ContextLogic's business operations and financial prospects by overstating its then-present monthly active users ("MAUs") and MAU growth trends.

RLX Technology Inc. (NYSE:RLX)

This lawsuit is on behalf of persons who purchased, or otherwise acquired, RLX American Depository Shares pursuant or traceable to the documents issued in connection with RLX's January 2021 initial public stock offering.
Lead Plaintiff Deadline : August 9, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/rlx-technology-inc-loss-submission-form?prid=17698&wire=1

According to the filed complaint, the Company's then-existing exposure to China's ongoing campaign to establish a national standard for e-cigarettes, which would bring them into line with ordinary cigarette regulations, and that RLX's reported financials were not nearly as robust as the offering materials projected, nor were they indicative of future results. As a result, investors purchased RLX shares at artificially inflated prices.

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.
Eduard Korsinsky, 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/655780/CLASS-ACTION-UPDATE-for-CCIV-WISH-and-RLX-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

Recommended Stories

  • Wall Street Opens Back Up to Oil and Gas—but Not for Drilling

    Oil-and-gas companies are using cash from debt offerings to shore up balance sheets rather than to boost production.

  • ‘We stand by our decision’ to fire viral employee Amy Cooper: Franklin Templeton CEO

    Franklin Templeton President & CEO Jenny Johnson joins 'Influencers with Andy Serwer' to discuss the company's decision to fire Amy Cooper and its position on diversity & inclusion.

  • Bond King Jeff Gundlach says there is a simple reason Treasury yields are so low even as inflation surges

    Bond guru Jeffrey Gundlach of DoubleLine Capital said it is no mystery why U.S. Treasury yields are anchored lower despite evidence that inflation is rising in an economy attempting to rebound from a stultifying pandemic.

  • NVIDIA Stock Could Crash. Here's What You Should Do if It Does

    As graphics card prices start sliding, NVIDIA investors may have to relive a torrid time in the company's history.

  • Why Moderna Stock Is Hitting Another Record High Today

    Shares of Moderna (NASDAQ: MRNA) were jumping 4.3% as of 11:10 a.m. EDT on Thursday, hitting another record high for the stock. The bump came after Michael Yee, an analyst at Jefferies, increased his price target on the stock from $170 to $250. Also, Dr. Marco Cavaleri, the European Medicines Agency (EMA) head of biological health threats and vaccines strategy, stated in a press conference that a committee would likely finalize a decision on recommending authorization for Moderna's COVID-19 vaccine in children by the end of next week.

  • Morgan Stanley slips, TSMC falls, Netflix gains as AMC bounce back

    Yahoo Finance’s Jared Blikre reports on the day's trending tickers.

  • 'We think that there’s going to be more upside to Apple here': Citi's Jim Suva

    Jim Suva, Citi Managing Director in Equity Research specializing in technology, joined Yahoo Finance Live to break down his thoughts ont he outlook of Apple. 

  • Expect a 10% or worse correction in U.S. stocks by mid-August, says this forecaster with a proven track record

    In May 2020, I concluded that “the stock market… is stronger than even the most bullish investors believe.” In January of this year, I wrote that the market was still “firing on all cylinders.” In an interview on July 14, Martin said the U.S. stock market today is most definitely not firing on all cylinders. In fact, he said, the market’s internal health is now worse than at any time since October 2018.

  • Why Is Lordstown Motors Stock Higher Today?

    Shares of embattled electric pickup start-up Lordstown Motors (NASDAQ: RIDE) were trading higher on Thursday. In March, short-seller Hindenburg Research alleged that Lordstown (among other things) exaggerated the number of pre-orders it had for its Endurance pickup truck. Lordstown denied the allegations, but the Securities and Exchange Commission opened an investigation.

  • 10 Best Safe Blue Chip Dividend Stocks

    In this article, we will be looking at the 10 best safe blue chip dividend stocks. If you want to skip our detailed analysis of blue chips stocks and dividend investing, you can go directly to the 5 Best Safe Blue Chip Dividend Stocks. If you’re looking for a stock that’s reliable, renowned, and reputable, […]

  • Why Virgin Galactic Shares Fell This Week

    Virgin Galactic Holdings (NYSE: SPCE) completed a historic milestone last Sunday, successfully launching founder Richard Branson into space. Branson's flight into space happened nearly a year after it was originally planned, due to a combination of COVID-related delays and some testing setbacks. Richard Branson (second from left) and the mission specialists ahead of the July 11 flight.

  • Why Is Everyone Talking About General Electric Stock?

    General Electric (NYSE: GE) stock is sitting in the middle of a battleground of bulls and bears. The bears point out that the stock is up less than 12% compared to the near 50% gain in the S&P 500 since October 2018, when Larry Culp took over as GE's CEO. GE is a company that remains poorly run despite Culp's efforts, and faces significant end market challenges in aviation (slow recovery in commercial air flights) and power (weak demand for gas turbines over renewable energy).

  • My Top Oil Stock to Buy Right Now

    When you look at the oil industry, this European giant still stands out as the best mix of risk and reward.

  • Citigroup Just Raised Its Price Target on AMD Stock by 459%. Here’s Why.

    Analyst Christopher Danely upgraded his call on AMD to Neutral from Sell, and bumped his price target to $95 from $17. The loser: Intel.

  • Better Electric Vehicle Charging Stock: ChargePoint or Blink Charging

    Similarly, ChargePoint (NYSE: CHPT) stock is up roughly 155% since it announced plans to go public via a special purpose acquisition company last September. To begin with, ChargePoint is bigger than Blink Charging in terms of number of charging stations, revenue, and market share.

  • Why Plug Power, Nikola, and JinkoSolar Stocks Popped Today

    Plug just barely, while Nikola's 3.4% and Jinko's 4.5% gains remain more respectable. In the case of Plug Power, the answer is easy: An upgrade -- or more precisely, a new buy rating, from Seaport Global Securities, which initiated coverage of the $26 stock today with a price target of $36.

  • 3 Small-Cap Stocks With 158% to 329% Upside, According to Wall Street

    Despite the stock market hitting seemingly one new high after another since the year began, Wall Street still sees value in equities. Based on the highest Wall Street price target for each of the following small-cap stocks, implied upside ranging from 158% to as much as 329% may await. The first tiny tot that Wall Street appears to be really excited about is clinical-stage biotech stock Vaxart (NASDAQ: VXRT).

  • Why Appian, Fastly, Fiverr, and LivePerson All Fell This Week

    Shares of Appian (NASDAQ: APPN), Fastly (NYSE: FSLY), Fiverr International (NYSE: FVRR), and LivePerson (NASDAQ: LPSN) were all sliding this week as high-priced growth stocks largely pulled back on inflation concerns. There was no major news out on these stocks, but with June's consumer price index report showing inflation was hotter than expected, fears of tightening monetary policy from the Federal Reserve seemed to have cooled off these pricey stocks. Through Thursday at 1:19 p.m EDT, Appian was down 13.9% for the week, Fastly had lost 12.6%, Fiverr had given up 12.5%, and LivePerson was down 9.9%.

  • EV Charging Stock Jumps On Expanded GM Alliance

    GM expanded its new EV charging service to include commercial vehicles and named EVgo a preferred partner.

  • Moderna Climbs as S&P 500 Set to Welcome Covid Vaccine Maker

    (Bloomberg) -- Moderna Inc. climbed more than 6% in extended trading Thursday after the vaccine maker was named to the S&P 500 Index in one of the most noteworthy additions to the index since Tesla Inc. joined late last year.The company, whose messenger-RNA vaccine has helped to fight the Covid-19 pandemic, will replace Alexion Pharmaceuticals Inc. in the benchmark U.S. index before the opening of trading on July 21. Alexion is set to be acquired by U.K. drugmaker AstraZeneca Plc.Shares of Moder