Deadline Alert for PAYC, ILMN, and JRVR: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders
LOS ANGELES, Nov. 17, 2023 (GLOBE NEWSWIRE)
The Law Offices 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 a lead plaintiff motion. Investors suffering losses on their investments are encouraged to…
Paycom Software, Inc. (PAYC)
Lead Plaintiff Deadline: January 28, 2024
The lawsuit alleges that Paycom Software, Inc. made materially false and/or misleading statements and/or failed to disclose that Paycom Software’s strong historical revenue growth was fueled by deceptive sales practices, that Paycom Software used sham invoices to fraudulently inflate its financial performance, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.
Illumina, Inc. (ILMN)
Lead Plaintiff Deadline: January 27, 2024
The lawsuit alleges that Illumina, Inc. made materially false and/or misleading statements and/or failed to disclose that Illumina’s revenue growth was driven by users running multiple ArcherDX assays on a single kit and that sales of new ArcherDX kits had failed to meet Plan assumptions, that Illumina’s sales growth was likely to decline, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.
James River Group Holdings, Ltd. (JRVR)
Lead Plaintiff Deadline: January 4, 2024
The lawsuit alleges that James River Group Holdings, Ltd. made materially false and/or misleading statements and/or failed to disclose that James River Group’s loss development remained elevated, that James River Group failed to adequately reserve for its liabilities, that the Company was following old claims and not compensating its insureds from rates charged, and that as a result, the Company’s D&O reserves were materially understated.
How this may affect you:
If you are a shareholder of Paycom Software, Inc., Illumina, Inc., or James River Group Holdings, Ltd., and have suffered losses on your investments, you have until the lead plaintiff deadlines listed above to take action and potentially recover your losses. Contact The Law Offices of Frank R. Cruz to learn more about your rights and options in these class action lawsuits.
How this may affect the world:
Class action lawsuits against companies like Paycom Software, Inc., Illumina, Inc., and James River Group Holdings, Ltd. can have broader implications for the financial markets and corporate transparency. These lawsuits hold companies accountable for misleading investors and can lead to stronger regulations and enforcement mechanisms to protect shareholders and promote ethical business practices.
Conclusion:
It is important for investors to stay informed about class action lawsuits and take action to protect their investments. The Law Offices of Frank R. Cruz is dedicated to helping shareholders seek justice and recover their losses. Contact us today for more information on how we can assist you in these cases.
