CLASS ACTION UPDATE for MGTI, HAS, CPB, CHGG and ACHC: Levi & Korsinsky, LLP Notifies Investors of Class Actions on Behalf of Shareholders

CLASS ACTION UPDATE for MGTI, HAS, CPB, CHGG and ACHC: Levi Korsinsky, LLP Notifies Investors of Class Actions on Behalf of Shareholders

NEW YORK, Oct. 05, 2018 (GLOBE NEWSWIRE) -- Levi Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

MGT Capital Investments Inc. (OTCMKTS: MGTI)
Class Period:
October 9, 2015 - September 7, 2018
Lead Plaintiff Deadline: November 27, 2018
Join the action: https://www.zlk.com/pslra-1/mgt-capital-investments-inc-loss-form?wire=3

Allegations: MGT Capital made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) defendants were engaged in a pump-and-dump scheme to artificially inflate MGT Capital’s stock price; (2) this illicit scheme caused MGT Capital to make false and misleading statements, which would result in governmental scrutiny, including from the SEC; (3) certain of the defendants exercised control over MGT Capital and its management; (4) consequently, the illicit scheme would ultimately cause MGT Capital’s stock to become delisted from NYSE MKT; and (5) as a result, defendants’ statements about MGT Capital’s business and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

To learn more about the MGT Capital Investments Inc. class action contact [email protected].

Hasbro, Inc. (NASDAQ: HAS)
Class Period:
April 24, 2017 - October 23, 2017
Lead Plaintiff Deadline: November 27, 2018
Join the action: https://www.zlk.com/pslra-1/hasbro-inc-loss-form?wire=3

Allegations: During the class period, Hasbro, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Hasbro’s relationship with Toys “R” Us was becoming increasingly important to Hasbro’s business, as Toys “R” Us was the primary retail brick-and-mortar toy store in the United States; (2) Toys “R” Us was in far worse financial condition than was being publicly reported and it would have to dramatically scale back its operations or file for bankruptcy and liquidate; and (3) Hasbro was experiencing significant adverse sales issues in the key markets of the United Kingdom and Brazil which were negatively impacting the Company’s efforts to grow sales in those markets.

To learn more about the Hasbro, Inc. class action contact [email protected].

Campbell Soup Company (NYSE: CPB)
Class Period:
August 31, 2017 - May 17, 2018
Lead Plaintiff Deadline: November 27, 2018
Join the action: https://www.zlk.com/pslra-1/campbell-soup-company-loss-form?wire=3

Allegations: Campbell Soup Company made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the defendants failed to disclose known trends that were negatively impacting the profitability of the Campbell Fresh division; and (2) as a result of the foregoing, the defendants' positive statements about Campbell's and the Campbell Fresh division's business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

To learn more about the Campbell Soup Company class action contact [email protected].

Chegg, Inc. (NYSE: CHGG)
Class Period:
July 30, 2018 - September 25, 2018
Lead Plaintiff Deadline: November 26, 2018
Join the action: https://www.zlk.com/pslra-1/chegg-inc-loss-form?wire=3

Allegations: Chegg, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked adequate security measures to protect users’ data; (2)  the Company lacked the internal controls and procedures to detect unauthorized access to its systems and to its data; (3)  as a result, the Company would incur additional expenses and litigation risks; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

To learn more about the Chegg, Inc. class action contact [email protected].

Acadia Healthcare Company, Inc. (NASDAQGS: ACHC)
Class Period:
February 23, 2017 - October 24, 2017
Lead Plaintiff Deadline: December 3, 2018
Join the action: https://www.zlk.com/pslra-1/acadia-healthcare-company-inc-loss-form?wire=3

Allegations: Acadia Healthcare Company, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the quality of Acadia’s U.K. operations did not give the Company a “competitive strength” that would drive future growth and profitability; and (2) defendants had no reasonable basis to believe--and did not in fact believe--their positive statements about the Company’s business and financial prospects during the Class Period, including their guidance issued and reaffirmed throughout the Class Period.

To learn more about the Acadia Healthcare Company, Inc. class action contact [email protected].

You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com