AZZ Inc. (NYSE: AZZ)

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, announces that a federal class action lawsuit has been filed against AZZ Inc. (“AZZ” or “Company”) (NYSE: AZZ) and several officers and directors for acts taken during the period of April 22, 2015 and January 8, 2018 (the “Class Period”).

Based upon the allegations in the class action, the firm is investigating additional legal claims against the officers and Board of Directors of AZZ. If you are an affected AZZ shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or call toll free at (888) 809-2750. There is no cost or fee to you.

According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants issued false and/or misleading statements and/or failed to disclose that the Company: (1) repeatedly misrepresented its financial results; (2) failed to report revenues in compliance with FASB accounting standards; (3) lacked adequate controls over financial reporting; and (4) failed to disclose the failure of more than two years of purported efforts to evaluate new accounting standards.

On January 9, 2018, AZZ announced that it should have accounted differently for certain contracts within its Energy Segment. Specifically, AZZ reported that revenue for the contracts at issue was “historically recognized for the Energy Segment upon transfer of title and risk to customers or based upon the percentage of completion method of accounting for electrical products built to customer specifications,” but that “in the case of contracts for which revenue was recorded upon contract completion and transfer of title, the Company instead should have applied the percentage of completion method.” AZZ advised investors that it is currently reviewing whether there are any significant impacts to its audited consolidated financial statements for the fiscal years ended February 28, 2015 and 2017, and the fiscal year ended February 29, 2016, as contained in its 2017 Annual Report on Form 10-K and the previously issued unaudited financial statements contained in its Quarterly Reports on Form 10-Q for the quarters ended May 31, 2017 and August 31, 2017. AZZ share price dropped 6.2% following this announcement.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Juno Therapeutics, Inc. (NASDAQ: JUNO)

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Juno Therapeutics, Inc. (“Juno”) (NASDAQ: JUNO) concerning the acquisition by Celgene Corporation. Under the terms of the agreement, Juno shareholders will only receive $87.00 per Juno share owned. The consideration is significantly lower than at least one analyst’s estimated value of $98.00.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or by calling (888) 809-2750. There is no cost or fee to you.

The investigation centers on whether Juno’s Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of Juno could be as high as $98.00 per share.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters, including claims of investor and stockholder fraud, shareholder derivative suits, and securities class actions.

Blackhawk Network Holdings, Inc. (NASDAQ: HAWK)

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Blackhawk Network Holdings, Inc. (“Blackhawk”) (NASDAQ: HAWK) concerning the acquisition by Silver Lake and P2 Capital Partners. Under the terms of the agreement, valued at approximately $3.5 billion, Blackhawk shareholders will only receive $45.25 in cash per Blackhawk share owned. The consideration is significantly lower than at least one analyst’s estimated value of $51.00.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or by calling (888) 809-2750. There is no cost or fee to you.

The investigation centers on whether Blackhawk’s Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of Blackhawk could be as high as $51.00 per share.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters, including claims of investor and stockholder fraud, shareholder derivative suits, and securities class actions.

GoPro, Inc. (NASDAQGS: GPRO)

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, announces that a federal class action lawsuit has been filed against GoPro, Inc. (“GoPro” or “Company”) (NasdaqGS: GPRO) and several officers and directors for acts taken during the period of November 2, 2017 and January 5, 2018 (the “Class Period”).

Based upon the allegations in the class action, the firm is investigating additional legal claims against the officers and Board of Directors of GoPro. If you are an affected GoPro shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or call toll free at (888) 809-2750. There is no cost or fee to you.

In the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants misrepresented and/or failed to disclose during the Class Period that: (i) the demand for the GoPro brand had dramatically declined and retailers were not stocking up for 2017 holiday sales to the extent GoPro had budgeted for; (ii) the demand for GoPro’s Karma drones was sufficiently weak that the Company could no longer afford to manufacture and sell them profitably; (iii) GoPro would be forced to dramatically slash prices on its newly launched HERO6 Black and its dated HERO5 Black and HERO5 Session cameras, as well as its Karma drone, during the quarter and would need to further slash HERO6 prices in January 2018; and (iv) as a result of the foregoing, GoPro was not on track to achieve the financial results it had led the market to believe it was on track to achieve during the Class Period.

Before the market opened on Monday, January 8, 2018, GoPro issued a press release filed on Form 8-K with the SEC entitled “GoPro Announces Preliminary Fourth Quarter 2017 Results.” In that press release, GoPro revealed that its fourth quarter 2017 sales were $340 million, significantly below analysts’ projections of over $470 million. The Company blamed the results on the slashing of prices for its HERO6 Black, HERO5 Black, and HERO5 Session cameras, as well as its Karma drone, during the quarter, which GoPro had been forced to engage in to move inventory and which had a negative $80 million impact on revenues. GoPro also disclosed it was cutting more than one-fifth of its workforce and exiting the drone market altogether, requiring it to dump the rest of its Karma drone inventory. GoPro had cut the price for its HERO5 Black camera in December 2017 and announced it was now reducing the price of its newly launched HERO6 model to $399 from $499. The workforce reduction would cost GoPro $33 million, mainly in severance costs. When this news was revealed to the market, the Company’s stock dropped significantly.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

DST Systems, Inc. (NYSE: DST)

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of DST Systems, Inc. (“DST”) (NYSE: DST) concerning the merger with SS&C Technologies Holdings, Inc. Under the terms of the agreement, valued at approximately $5.4 billion, DST shareholders will only receive $84.00 per DST share held.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or by calling (888) 809-2750. There is no cost or fee to you.

The investigation centers on whether DST’s Board of Directors is acting in the shareholders’ best interests, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction.

The Briscoe Law Firm, PLLC is a full-service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters, including claims of investor and stockholder fraud, shareholder derivative suits, and securities class actions.

Ekso Bionics Holdings, Inc. (NASDAQ: EKSO)

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, has launched an investigation of Ekso Bionics Holdings, Inc. (“Ekso”) (NASDAQ: EKSO) and several officers and directors for possible violations of federal securities laws.

The firm is investigating potential legal claims against the officers and Board of Directors of Ekso. If you are an affected Ekso shareholder and want to learn more about the investigation, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, or call toll free at (888) 809-2750. There is no cost or fee to you.

The firm seeks to determine if the defendants violated certain provisions of the Securities Exchange Act of 1934. Specifically, the investigation relates to Ekso’s announcement on December 14, 2017, advising investors that its internal control over financial reporting as of December 31, 2016 should no longer be relied upon and that a material weakness in its internal control over financial reporting existed as of such date. Then on December 27, 2017, Ekso filed an amended annual report for 2016 and amended quarterly reports for the first three quarters of 2017. On this news, Ekso’s share price declined.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Eagle Bancorp, Inc. (NASDAQ: EGBN)

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, has launched an investigation of Eagle Bancorp, Inc. (“Eagle”) (NASDAQ: EGBN) and several officers and directors for possible violations of federal securities laws.

The firm is investigating potential legal claims against the officers and Board of Directors of Eagle. If you are an affected Eagle shareholder and want to learn more about the investigation, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, or call toll free at (888) 809-2750. There is no cost or fee to you.

The firm seeks to determine if the defendants violated certain provisions of the Securities Exchange Act of 1934. Specifically, the investigation relates a December 1, 2017, report by Aurelius Value, which stated that it had uncovered evidence of an insider loan scheme involving Eagle’s Chairman and Chief Executive Officer, Ronald D. Paul, and certain of Eagle’s other Board members. The report stated, in relevant part, that insiders treat Eagle as “their own private piggy bank” and enrich themselves by carving out undisclosed special deals in which members of the management personally benefit from customer relationships. On this news, Eagle’s share price fell 24.49%.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

The Crypto Company (OTC PINK: CRCW)

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, announces that a federal class action lawsuit has been filed in the United States District Court, Central District of California against The Crypto Company (“Crypto” or “Company”) (OTC PINK: CRCW) and several officers and directors for acts taken during the period of August 21, 2017 and December 18, 2017 (the “Class Period”).

Based upon the allegations in the class action, the firm is investigating additional legal claims against the officers and Board of Directors of Crypto.  If you are an affected Crypto shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or call toll free at (888) 809-2750.  There is no cost or fee to you.

In the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934.  Specifically, the complaint alleges, among other things, that defendants misrepresented and/or failed to disclose during the Class Period that: (i) Crypto unlawfully engaged in a scheme to promote and manipulate its stock; and (ii) as a result, Crypto’s public statements were materially false and misleading at all relevant times.

On December 19, 2017, the SEC temporarily suspended Crypto stock from trading due to concerns that the stock was being manipulated after the shares surged more than 17,000% in less than 3 months. The SEC said it was alarmed about “the accuracy and adequacy of information” relating to the compensation paid for promotion of its and statements in SEC filings about the plans of Crypto’s insiders to sell their stock.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

 

 

 

 

Aqua Metals, Inc. (NasdaqCM: AQMS)

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, announces that a federal class action lawsuit has been filed against Aqua Metals, Inc. (“Aqua Metals” or “Company”) (NasdaqCM: AQMS) and several officers and directors for acts taken during the period of February 9, 2017 and November 9, 2017 (the “Class Period”).

Based upon the allegations in the class action, the firm is investigating additional legal claims against the officers and Board of Directors of Aqua Metals.  If you are an affected Aqua Metals shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or call toll free at (888) 809-2750.  There is no cost or fee to you.

According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934.  Specifically, the complaint alleges, among other things, that defendants issued false and/or misleading statements and/or failed to disclose the following: (i) Aqua Metals was touting the business value of the Interstate Battery Partnership and the JCI Partnership; (ii) Aqua Metals was aware of and ignoring material unresolved deficiencies in the AquaRefining technology and process preventing large scale development; (iii) Aqua Metals was experiencing numerous execution and operational issues preventing scaling and production ramp up at its facility; (iv) Aqua Metals was unable to produce and generate revenue from its core business, therefore, remaining unprofitable; and (v) as a result, Aqua Metals’ public statements were materially false and misleading at all relevant times.

On May 9, 2017, Aqua Metals advised investors that it had experienced “issues” and “challenges” in ramping up the AquaRefining recycling process, specifically stating that certain steps in the process took longer than planned to get up and running.  On this news, Aqua Metals’ share price approximately 26%.

Then, after the market closed on August 9, 2017, Aqua Metals issued a press release revealing that it was currently in the process of scaling up AquaRefining operations to include 16 modules by the end of 2017.”   That press release made no mention of “120 tons/day” as it did in its Q1 2017 press release.  On this news, Aqua Metals’ share price fell approximately 23.6%.

On October 23, 2017, Aqua Metals issued a press release stating that “[f]our modules are assembled, commissioned and are being used to determine the optimal operating parameters, including electrolyte pH, lead concentration, operating temperature, electrolyte flow rate and free acid levels.” Aqua Metals also disclosed that it had only “produced small quantities of AquaRefined lead during the commissioning process” and that “under certain conditions, the operators would need to periodically assist the lead removal.”  On this news, Aqua Metals’ share price fell almost 18%.

After the market closed on November 9, 2017, Aqua Metals issued a press release revealing that that the Company “faced . . . many challenges as [it] worked to ramp up production.”  On this news, Aqua Metals’ share price fell 2.1% and continued to decline on the following trading days, ultimately closing at $3.00 per share on November 14, 2017.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.