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The Gross Law Firm announces Class Movements on behalf of Stockholders of Churchill Capital, Provention Bio, and Athira Pharma

The securities lawsuit law company of The Gross Law Firm has issued a notice on behalf of stockholders in the succeeding publicly traded companies.

Stockholders encouraged to contact law firm regarding Lead Plaintiff appointment

Stockholders who bought stocks in the succeeding companies during the days enumerated are encouraged to contact the firm regarding a possible Lead Plaintiff appointment.

Churchill Capital Corp IV (NYSE: CCIV)

Depositors Affected: January 11, 2021 – February 22, 2021

A class action has begun on behalf of definite stockholders in Churchill Capital Corp IV. The filed grievance claims that respondents made substantially untrue and deceptive declarations and miscarried to reveal that:

Lucid was not ready to transport automobiles by spring of 2021.

As a result of the preceding, Respondents’ optimistic statements about the company’s business, processes, and forecasts were substantially deceptive and lacked a rational basis.

When the true particulars arrived on the market, the litigation claims that depositors underwent harm.

Provention Bio Inc (NASDAQ: PRVB)

Investors Affected: November 2, 2020 – April 8, 2021

A class action has begun on behalf of certain stockholders in Provention Bio, Inc. The filed protest claims that respondents made substantially incorrect and deceptive declarations and failed to reveal that:

  1. The teplizumab Biologics License Application (“BLA”) was incomplete in its acquiesced form and would necessitate added data to acquire U.S. Food and Drug Administration endorsement.
  2. Therefore, the teplizumab BLA lacked the evidentiary support the company had led depositors to believe it possessed.
  3. The company had exaggerated the teplizumab BLA’s endorsement forecasts and also the timeline for teplizumab.
  4. As a result, the company’s public declarations were substantially untrue and deceptive at all pertinent times.

Athira Pharma Inc (NASDAQ: ATHA)

This complaint is on behalf of savers who bought Athira Pharma between September 18, 2020, and June 17, 2021, and bought common stock in or noticeable to the company’s registering declaration issued in association with the company’s September 2020 first public offering valued at $17.00 per share.

A class action has begun on behalf of certain shareholders in Athira Pharma, Inc. The filed grievance claims that respondents made substantially untruthful and deceptive declarations and failed to reveal that: 

(1) The investigation led by Respondent Kawas, which shaped the basis for Athira’s product applicants and intellectual property, was stained by Kawas’ technical misbehavior, including the falsification of key data through the changing of Western blot imageries. 

(2) As a consequence of the preceding, Respondents’ optimistic declarations about the company’s business, processes, and forecasts were materially deceptive. They mislaid substantial facts essential to make the declarations made not deceptive.

The Law Offices of Frank R. Cruz Retells Savers of Class Actions on Behalf of Stockholders against ContextLogic Inc, Ubiquiti Inc, and Washington Prime Group

The Law Offices of Frank R. Cruz reminds savers that class action measures have been filed on behalf of stockholders of the following publicly traded companies. Depositors have until the limits listed below to file a principal complainant motion.

ContextLogic Inc (NASDAQ: WISH)

Class Period: December 16, 2020 – May 12, 2021

Lead Plaintiff Deadline: July 16, 2021

The grievance filed alleges that throughout the Class Period, Respondents made substantially false and deceptive declarations, as well as miscarried to reveal material opposing facts about the company’s business, operations, and forecasts. Exactly, Respondents failed to reveal to depositors that: (1) ContextLogic’s fourth-quarter 2020 MAUs had deteriorated substantially and were not than rising; and (2) as a result of the previous, respondents substantially exaggerated the company’s business metrics and monetary forecasts.

Ubiquiti Inc (NYSE: U.I.)

Class Period: January 11, 2021 – March 30, 2021

Principal Petitioner Limit: July 19, 2021

The complaint filed in this class action alleges that Respondents made substantially false and deceptive declarations through the Class Period and failed to reveal substantial contrary facts about the company’s business, processes, and forecasts. Precisely, Respondents, in their declarations regarding the data rupture, failed to speak entirely and honestly because they failed to disclose to investors: (1) that the company had modulated the data opening in January 2021; (2) that assailants had gotten secretarial admission to Ubiquiti’s servers and gotten access to, among other things, all files, all user database identifications, and confidences obligatory to counterfeit single sign-on (SSO) cookies; (3) that, as a consequence, impostors already had authorizations desired to distantly entree Ubiquiti’s clients’ systems; and (4) that, as a result of the preceding, Respondents’ positive declarations about the company’s business, processes, and forecasts were substantially deceptive and needed a reasonable basis.

Washington Prime Group, Inc. (NYSE: WPG)

Class Period: November 5, 2020 – March 4, 2021

Principal Petitioner Target: July 23, 2021

The complaint filed in this class action claims that Respondents made substantially untrue and deceptive statements and miscarried to reveal substantial adverse facts about the company’s business, processes, and forecasts through the Class Period. Precisely, Respondents failed to reveal to investors: (1) that WPG’s monetary situation was worsening considerably; (2) that, as a consequence, there was considerable doubt about the company’s aptitude to meet its wealth assembly compulsions as they became outstanding; and (3) that, as a consequence of the previous, Respondents’ positive declarations about the company’s business, processes, and forecasts were substantially deceptive and lacked a rational basis.

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