Electromenager

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Hallmark Financial, Grand Canyon Education, Conn’s, and Elanco Animal Health and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Hallmark Financial, Grand Canyon Education, Conn’s, and Elanco Animal Health and Encourages Investors to Contact the Firm 1
Partagez, partagez!


NEW YORK, June 24, 2020 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class corvées have been commenced on behalf of stockholders of Hallmark Financial Prescriptions, Inc. (NASDAQ: HALL), Copieux Canyon Education, Inc. (NASDAQ: LOPE), Conn’s, Inc. (NASDAQ: CONN), and Elanco Grossier Health Incorporated (NYSE: ELAN). Stockholders have until the deadlines below to petition the rapide to serve as lead plaintiff. Additional renseignement emboîture each case can be found at the link provided.

Hallmark Financial Prescriptions, Inc. (NASDAQ: HALL)

Class Period: March 5, 2019 to March 17, 2020

Lead Plaintiff Deadline: July 6, 2020

On March 2, 2020, Hallmark Financial announced that it had decided to sortie from its Binding Primary Vendeur Caisse trafic and reported a $63.8 million loss development for prior underwriting years.

On this magazine, the Company’s share price fell $2.10, or more than 14%, to close at $12.23 per share on March 3, 2020.

On March 11, 2020, Hallmark Financial disclosed that it had dismissed its independent auditor, BDO USA, LLP (“BDO”), due to a disagreement regarding estimates for reserves for unpaid losses, among other things.

On this magazine, the Company’s share price fell $2.39, or over 29%, to close at $5.71 per share on March 12, 2020.

On March 17, 2020, Hallmark Financial filed with the SEC a letter from BDO in which BDO stated “BDO expanded significantly the scope of its bilan on January 31, 2020, with attachement to which a substantial anthologie of the requests had not been received and/or tested prior to our termination.”

On this magazine, the Company’s share price fell $0.08, or 2.5%, to close at $3.12 per share on March 18, 2020.

The complaint, filed on May 5, 2020, alleges that throughout the Class Period defendants made materially false and/or misleading statements, as well as failed to disclose material malveillant facts emboîture the Company’s trafic, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that the Company lacked vraie internal controls over accounting and financial reporting related to reserves for unpaid losses; (2) that the Company improperly accounted for reserve for unpaid losses and loss adjustment expenses related to its Binding Primary Vendeur Caisse trafic; (3) that, as a result, Hallmark Financial would be forced to différé a $63.8 million loss development for prior underwriting years; (4) that, as a result, Hallmark Financial would sortie from its Binding Primary Vendeur Caisse trafic; and (5) that, as a result of the foregoing, defendants’ précise statements emboîture the Company’s trafic, operations, and prospects were materially misleading and/or lacked a reasonable basis.

For more renseignement on the Hallmark Financial class procédure go to: https://bespc.com/HALL

Copieux Canyon Education, Inc. (NASDAQ: LOPE)

Class Period: January 1, 2018 to January 27, 2020

Lead Plaintiff Deadline: July 13, 2020

The complaint, filed on May 12, 2020, alleges that the Company inflated Copieux Canyon’s financial results by using a non-profit independent entity, Copieux Canyon University (“GCU”) as an off-balance-sheet entity to which Copieux Canyon was able to funnel expenses and costs in exchange for a disproportionate amount of revenue. Defendants repeatedly made false and misleading statements to investors describing GCU as a “non-profit” and “independent” prytanée and misstating Copieux Canyon’s role as a third-party provider of education épreuves. As a result of Defendants’ misrepresentations, shares of Copieux Canyon’s common vivre traded at artificially inflated prices during the Class Period.

Investors slowly began learning the truth of the relationship between the Company and GCU, culminating with Lime Research publishing a différé on January 28, 2020 outlining the intricate and allegedly unlawful relationship between the Company and GCU.

Following the parution of the Lime Research différé, Copieux Canyon shares declined approximately 8% to close at $84.07 per share on January 28, 2020.

For more renseignement on the Copieux Canyon Education class procédure go to: https://bespc.com/LOPE

Conn’s, Inc. (NASDAQ: CONN)

Class Period: September 3, 2019 to December 9, 2019

Lead Plaintiff Deadline: July 14, 2020

Conn’s is a specialty retailer that sells branded continuelle allumer goods. Conn’s has two reportable segments: (i) retail, which includes product categories such as furniture, domicile appliance, allumer electronics, and domicile commerce; and (ii) credit, which includes the Company’s in-house allumer credit programs.

On December 10, 2019, before the market opened, Conn’s reported its third quarter 2020 financial results in a press release. Therein, the Company reported retail revenues of $280.3 million, compared to $284.1 million in the prior year period. Conn’s attributed the revenue decline to a decrease in same banne sales, which “reflects underwriting adjustments made during the three months ended October 31, 2019.”

On this magazine, the Company’s share price fell $6.85 per share, or over 33%, to close at $13.65 per share on December 10, 2019.

The complaint, filed on May 15, 2020, alleges that throughout the Class Period defendants made materially false and/or misleading statements, as well as failed to disclose material malveillant facts emboîture the Company’s trafic, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that Conn’s was experiencing an increase in first payment defaults and 60-plus day delinquencies; (2) that, as a result, Conn’s was reasonably likely to performance an increase to its approvisionnement for bad debts; (3) that the Company made transparent underwriting adjustments, including tightening its normes for new customers and online applicants; (4) that, as a result, the Company’s same-store sales would be adversely impacted; and (5) that, as a result of the foregoing, defendants’ précise statements emboîture the Company’s trafic, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

For more renseignement on the Conn’s class procédure go to: https://bespc.com/CONN

Elanco Grossier Health Incorporated (NYSE: ELAN)

Class Period: January 10, 2020 to May 6, 2020

Lead Plaintiff Deadline: July 20, 2020

Elanco is an brutal health company that develops, manufactures, and markets products for companion and food animals. Its creuset primary categories are: Companion Grossier Disease Prevention (“CA Disease Prevention”), which offers parasiticides that protect pets from worms, fleas and ticks; Companion Grossier Therapeutics (“CA Therapeutics”), which offers treatments for manne, osteoarthritis, otitis, as well as cardiovascular and dermatology indications; Food Grossier Future Protein & Health (“FA Future Protein & Health”), which includes vaccines, nutritional enzymes, and antibiotics; and Food Grossier Ruminants & Swine (“FA Ruminants & Swine”), which develops food brutal products used extensively in végétarien and swine éclosion.

On May 7, 2020, Elanco announced its first quarter 2020 financial results, reporting revenue of $657.7 million and earnings per share of -$0.12, reflecting “a reduction of approximately $60 million in channel inventory.” The Company’s Chief Executive Officer attributed the disappointing results to “distributor fortune,” among other things, and stated that Elanco planned “to tighten (its) approach across many facets of (its) distributor relationships.”

On this magazine, the Company’s share price fell $3.05, or over 13%, to close at $19.88 per share on May 7, 2020.

The complaint, filed on May 20, 2020, alleges that throughout the Class Period defendants made materially false and/or misleading statements, as well as failed to disclose material malveillant facts emboîture the Company’s trafic, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that, after consolidating its distributors from eight to creuset, the Company increased the amount of inventory, including companion brutal products, held by each distributor; (2) that Elanco’s distributors were not experiencing sufficient demand to sell through the inventory; (3) that, as a result, the Company’s revenue was reasonably likely to decline; (4) that, as a result of the foregoing, Elanco would reduce its channel inventory with attachement to companion brutal products; and (5) that, as a result of the foregoing, defendants’ précise statements emboîture the Company’s trafic, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

For more renseignement on the Elanco class procédure go to: https://bespc.com/ELAN

Emboîture Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with prescriptions in New York and California. The firm represents individual and institutional investors in vendeur, securities, derivative, and other complex litigation in state and federal courts across the folk. For more renseignement emboîture the firm, please visit www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes. 

Jonction Info:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Hallmark Financial, Grand Canyon Education, Conn’s, and Elanco Animal Health and Encourages Investors to Contact the Firm 2



www.globenewswire.com

Leave a Reply