NEW YORK, NY / ACCESSWIRE / July 24, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Colony Capital, Inc. (NYSE:CLNY)
Class Period: August 9, 2019 - May 7, 2020
Lead Plaintiff Deadline: July 27, 2020
The complaint alleges that during the class period Colony Capital, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Colony's sale of its industrial real estate portfolio and the bifurcation of Colony Credit Real Estate's portfolio were foreseeably likely to negatively impact Colony's financial and operating results; (ii) certain of Colony's remaining portfolio companies carried unsustainable levels of debt secured by hotels and healthcare-related properties and were thus at a significant risk of default; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Learn about your recoverable losses in CLNY: http://www.kleinstocklaw.com/pslra-1/colony-capital-inc-loss-submission-form?id=8162&from=1
Ideanomics, Inc. (NASDAQ:IDEX)
Class Period: March 20, 2020 - June 25, 2020
Lead Plaintiff Deadline: August 27, 2020
Throughout the class period, Ideanomics, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose 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.
Learn about your recoverable losses in IDEX: http://www.kleinstocklaw.com/pslra-1/ideanomics-inc-loss-submission-form?id=8162&from=1
Energy Recovery, Inc. (NASDAQ:ERII)
Class Period: August 2, 2017 - June 29, 2020
Lead Plaintiff Deadline: September 21, 2020
According to the complaint, Energy Recovery, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) the Company had different strategic perspectives regarding commercialization of the Company's VorTeq technology than Schlumberger Technology Corp., which had exclusive rights to the use of VorTeq (ii) these differences created substantial risk of early termination of the Company's exclusive licensing agreement with Schlumberger; (iii) accordingly, the revenue guidance and expectations of future license revenue was false and lacked reasonable basis; and (iv) as a result, Defendants' public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.
Learn about your recoverable losses in ERII: http://www.kleinstocklaw.com/pslra-1/energy-recovery-inc-loss-submission-form?id=8162&from=1
Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
SOURCE: The Klein Law Firm
View source version on accesswire.com:
https://www.accesswire.com/598805/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-CLNY-IDEX-and-ERII
