DEADLINE ALERT for CVNA, TUYA and LFST: The law firms of

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LOS ANGELES, Aug. 12, 2022 (GLOBE NEWSWIRE) — The law firm of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly traded companies. Investors have until the deadlines listed below to file as lead plaintiff.

Investors experiencing losses on their investments are encouraged to contact the law offices of Frank R. Cruz to discuss their legal rights in these class action lawsuits at 310-914-5007 or by email at fcruz@frankcruzlaw.com.

Carvana Co. (NYSE: CVNA)
Course period: May 6, 2020 – June 24, 2022
Lead Applicant Deadline: October 3, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, the defendants failed to disclose to investors that: (1) Carvana faced serious ongoing documentation, registration, and title issues with many of its vehicles; (2) as a result, Carvana was issuing unusually frequent temporary plates; (3) as a result of the foregoing, Carvana violated laws and regulations in many existing markets; (4) as a result of the foregoing, Carvana risked its ability to continue operations and/or expand operations in existing markets; (5) as a result of the foregoing, Carvana was exposed to an increased risk of government investigation and action; (6) Carvana was in discussions with state and local authorities regarding the aforementioned business tactics and issues; (7) Carvana was facing pending and pending regulatory action including license suspensions, terminations and probation in multiple states and counties, including Arizona, Illinois, Pennsylvania, Michigan and North Carolina; and (8) as a result, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

Tuya Inc. (NYSE:TUYA)
Course period: March 15, 2021 – August 9, 2022
Lead Applicant Deadline: October 11, 2022

The complaint filed in this class action alleges that the defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the company’s business, operations and prospects. Specifically, defendants failed to disclose to investors: (1) that a significant portion of Tuya’s Chinese customers were engaged in the widespread and systematic manipulation of product reviews and offers in violation of Amazon’s Terms of Service .com; (2) that prior to the IPO, a consumer investigation and data breach revealed an illicit fake review scheme perpetrated by many of Tuya’s customers, among others, which included, among other things, exposing 13 million records of fake reviews organized scams linked to more than 200,000 Amazon account profiles; (3) that due to the above, there was a substantial risk that a significant portion of Tuya’s important customers would not be permitted to use Amazon.com’s platform, which would adversely impact Tuya’s business, revenues, earnings and prospects; and (4) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

LifeStance Health Group, Inc. (NASDAQ:LFST)
Course period: June 7, 2021 – August 10, 2022
Lead Applicant Deadline: October 11, 2022

The complaint filed in this class action alleges that the defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the company’s business, operations and prospects. Specifically, the defendants failed to disclose to investors: (1) that the number of virtual visits clients undertook using LifeStance declined as COVID-19-related lockdowns were lifted, capping outpatient revenue growth /virtuals of the company; (2) that the percentage of in-person visits customers were undertaking using LifeStance increased as COVID-19 lockdowns were lifted, resulting in a substantial increase in the Company’s operating expenses; (3) that LifeStance had lost a large number of physicians to burnout and, as a result, its physician retention rate had fallen significantly below the 87% evidenced in the registration statement and the company had incurred additional costs to onboard new physicians who were less productive than the outgoing physicians they replaced; and (4) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

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To be a member of these collective actions, you do not have to take any action at the moment; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about these class action lawsuits, or if you have any questions regarding this announcement or your rights or interests in these matters, please contact Frank R. Cruz, The Law Offices of Frank R. Cruz , 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067 at 310-914-5007, by email at info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If requesting by email, please include your mailing address, phone number and number of shares purchased.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

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