Gross Law Firm Announces Class Actions on Behalf of GOEV, DDD and SKLZ Shareholders


NEW YORK, NY / ACCESSWIRE / May 10, 2021 / The Gross Law Firm is issuing the following notice on behalf of the shareholders of the following publicly traded companies. Shareholders who have purchased shares of the following companies during the dates indicated are encouraged to contact the firm regarding a possible appointment of the lead applicant. The appointment as principal applicant is not required to participate in a recovery.

Canoo Inc. (NASDAQ: GOEV)

Investors concerned: August 18, 2020 – March 29, 2021
A class action lawsuit has been brought on behalf of certain shareholders of Canoo Inc. The complaint filed alleges that the defendants made materially false and / or misleading statements and / or failed to disclose that: (i) the engineering services of the company were not a viable business, would not generate significant revenue in 2021, and would not reduce operational risk; (ii) the Company would no longer focus on its subscription-based business model; and (iii) therefore, the Company’s public statements were materially false and misleading at all material times.

Shareholders can find more information at https://securitiesclasslaw.com/securities/canoo-inc-loss-submission-form/?id=15663&from=1

3D Systems Corporation (NYSE: DDD)

Investors concerned: from May 6, 2020 to March 1, 2021
A class action lawsuit has been filed on behalf of certain shareholders of 3D Systems Corporation. The filed complaint alleges that the defendants made materially false and / or misleading statements and / or failed to disclose that: (1) 3D Systems lacked appropriate internal controls over financial reporting; and (2) therefore, 3D Systems’ public statements were materially false and / or misleading at all material times.

Shareholders can find more information at https://securitiesclasslaw.com/securities/3d-systems-corp-loss-submission-form/?id=15663&from=1

Skillz Inc. f / k / a Flying Eagle Acquisition Corp. (NYSE: SKLZ)

Investors concerned: December 16, 2020 – April 19, 2021
A class action lawsuit has been filed on behalf of certain shareholders of Skillz Inc f / k / a Flying Eagle Acquisition Corp. The filed complaint alleges that the defendants made materially false and / or misleading statements and / or failed to disclose that: materially misleading statements and omissions included representations relating to certain Skillz business operations, performance measurements and to final evaluation, including, among other things, Skillz’s ability to attract new end users, future profitability, the declining popularity of its hosted games which accounted for 88% of its revenue, and the valuation of the company. For example, one of the company’s objectively unrealistic promises included the unwarranted claim that the company was valued at $ 3.5 billion, based on revenue forecasts exceeding $ 550 million for 2022. However, the company did not inform investors that downloads of games that account for a majority share of its revenue have been declining since at least November 2020. In reality, the company’s prospects of reaching that revenue scale were far from close. ” be realistic considering its size, market share, reliance on third-party app stores, declining downloads of its most popular games, and most importantly, the sheer amount of bonuses it has to offer. encouragement that Skillz regularly provides to its gamer clients, a fact investors have been misled about. These bonus payouts are provided to its customers on a regular basis, who are supposed to use them for entry fees, which in turn artificially inflates Skillz’s income.

Shareholders can find more information at https://securitiesclasslaw.com/securities/skillz-inc-fka-flying-eagle-acquisition-corp-loss-submission-form/?id=15663&from=1

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The company seeks recovery on behalf of investors who have suffered losses when false and / or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s shares. Lawyer advertising. Past results do not guarantee similar results.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th Floor
New York, NY, 10018
Email: [email protected]
Telephone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

See the source version on accesswire.com:
https://www.accesswire.com/646312/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-GOEV-DDD-and-SKLZ


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