Business

Several Law Firms Opens Investigation Into J. Alexander’s Holdings, Inc, Trading Restrictions Imposed By Robinhood, Files A Lawsuit Against Provention Bio, Inc, And New Senior Investment Group

Labaton Sucharow LLP is pursuing claims against Robinhood Trading on behalf of investors. 

Several shareholders suffered losses in BlackBerry Ltd (NYSE: BB), AMC Entertainment Holdings Inc (NYSE: AMC), GameStop Corp (NYSE: GME), Naked Brands, Bed Bath & Beyond, Express, Inc, Koss Corporation stocks because of the trading restrictions imposed by Robinhood Trading.

Gamestock shares are jumped by over 200% because several individuals increased their holdings during the week commencing January 25, 2021. A similar increase is observed in other stocks such as Nokia, AMC, et al. 

Robinhood restricted investors from taking long positions in Nokia, AMC, Gamestop, and other stocks with effect from January 28, 2021. Instead, it only asked the individuals to sell their shares. As a result, the stocks like Nokia, Gamestop, AMC, and other stocks plummeted. 

Labaton tells investors who held positions in stocks like Express, Nokia, Gamestop, AMC, and other stocks as of January 27, 2021, to join the lawsuit against Robinhood. It will seek arbitration after analyzing the losses suffered by the shareholders.

Commences investigation into J. Alexander’s Holdings, Inc

Rowley Law PLLC commenced an investigation into J Alexanders Holdings Inc (NYSE: JAX) (JA Holdings) and its directors regarding its takeover by SPB Hospitality LLC. 

As per the terms of the deal, the investors of JA Holdings will receive $14 for each of their shares. 

SPB plans to take over JA Holdings for $220 million and expects to conclude the deal in Q4 2021. JA Holdings shareholders can approach Rowley Law firm for additional information on this investigation.

Begins investigation into New Senior Investment Group

Juan Monteverde (JM), a managing partner and founder of Monteverde & Associates PC, started an investigation into New Senior Investment Group (SNR) regarding its proposed integration with Ventas Inc. 

As per the pact terms, those holding positions in SNR will receive 0.1561 shares of Ventas for each of their shares. 

The law firm is probing whether SNR and its directors are involved in securities law violations or breached their duties concerning fair valuation, or failed to conduct a fair process. 

The Schall Law Firm alerted shareholders about a class action lawsuit pending against Provention Bio, Inc. for security laws violation. Shareholders, who acquired shares of Provention Bio between November 2, 2020, and April 8, 2021, can approach The Schall Law Firm before July 20, 2021.

Reminds investors 

ClaimsFiler reminded Ubiquiti Inc, RLX Technology Inc, and Rocket Companies, Inc investors about the pending deadlines. 

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