NEW YORK, NY / ACCESSWIRE / August 24, 2021 / Klein Law Firm announces that class actions have been filed on behalf of shareholders of the following companies. There is no charge to participate in the lawsuit. If you have suffered prejudice, you have until the principal applicant’s deadline to ask the court to appoint you as the principal applicant.
Rocket Companies, Inc. (NYSE: RKT)
Class period: February 25, 2021 – May 5, 2021
Lead applicant’s deadline: August 30, 2021
The RKT lawsuit alleges that throughout the Class Period, Rocket Companies, Inc. made materially false and / or misleading statements and / or failed to disclose that: (a) Rocket’s profit on the margins of sales contracted at the highest rate in two years as a result of increased competition among mortgage lenders, an unfavorable move towards the operational segment of the low-margin partner network and the compression of the price differential between mortgage lenders. primary and secondary mortgage markets; (b) Rocket was engaged in a price war and battle for market share with its major competitors in the wholesale market, which further squeezed the margins of the operating segment of Rocket’s partner network; (c) the negative trends identified above were accelerating and, as a result, the gain on Rocket’s sales margins was on track to decline by at least 140 basis points in the first six months of 2021; (d) as a result of the foregoing, the favorable market conditions which preceded the Class Period and allowed Rocket to achieve a historically high gain on selling margins had disappeared while the Company’s gain on margins sales had returned to levels not seen since the first quarter of 2019; (e) instead of remaining high due to strong demand, Rocket’s enterprise-wide selling profit margins were significantly lower than recent historical averages; and (f) as a result of the foregoing, the positive statements by the defendants regarding the business activities and prospects of the Company were materially misleading and / or lacked reasonable basis.
Learn more about your recoverable losses in RKT: https://www.kleinstocklaw.com/pslra-1/rocket-companies-inc-loss-submission-form?id=18881&from=1
Ardelyx, Inc. (NASDAQ: ARDX)
Class period: August 6, 2020 – July 19, 2021
Lead Applicant Deadline: September 28, 2021
The ARDX lawsuit alleges that Ardelyx, Inc. made materially false and / or misleading statements and / or failed to disclose that: 1) the Company overestimated the likelihood that tenapanor would be approved by the Food and Drug Administration (“FDA “); and 2) the defendants possessed, controlled and, therefore, knew that the data submitted to support the new drug application were insufficient in that they showed a lack of clinical relevance of the therapeutic effect of the drug. which makes it likely that the FDA would not approve the drug.
Learn more about your recoverable losses in ARDX: https://www.kleinstocklaw.com/pslra-1/ardelyx-inc-loss-submission-form?id=18881&from=1
Activision Blizzard, Inc. (NASDAQ: ATVI)
Class period: August 4, 2016 – July 27, 2021
Lead Applicant Deadline: October 4, 2021
The complaint alleges that Activision Blizzard, Inc. made materially false and / or misleading statements and / or did not disclose that: (1) Activision Blizzard discriminated against women and employees belonging to to minorities; (2) Activision Blizzard fostered a pervasive “frat boy” corporate culture that continues to thrive; (3) numerous complaints of unlawful harassment,
discrimination and reprisals were made against human resources staff and managers who were not taken into account; (4) the pervasive culture of harassment, discrimination and retaliation would seriously alter the operations of Activision Blizzard; (5) as a result of the foregoing, the Company was more likely to be subject to regulatory and legal review and enforcement, including which would have a material adverse effect; (6) Activision Blizzard failed to notify shareholders that the California Department of Fair Employment and Housing had investigated Activision Blizzard for harassment and discrimination; and (7) accordingly, Defendants’ statements regarding Activision Blizzard’s business, operations and prospects were materially false and misleading and / or lacked reasonable basis at all material times.
Find out about your recoverable losses in ATVI: https://www.kleinstocklaw.com/pslra-1/activision-blizzard-inc-loss-submission-form-2?id=18881&from=1
Your ability to participate in any recovery does not require you to serve as the principal applicant. If you have suffered a loss during the claim period and would like further information, please contact J. Klein, Esq. by phone at 212-616-4899 or visit the web pages provided.
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud nationwide. Lawyer advertising. Past results do not guarantee similar results.
J. Klein, Esq.
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New York, New York 10118
Telephone: (212) 616-4899
Fax: (347) 558-9665
THE SOURCE: Klein law firm
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