Myriad Gynetics, Inc. (NASDAQGS: MYGN)

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 Myriad Genetics (“Myriad” or “Company”) (NasdaqGS: MYGN) and several officers and directors for acts taken during the period of August 13, 2014 and March 12, 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 Myriad.  If you are an affected Myriad 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) Myriad was submitting false or otherwise improper claims for payment under Medicare and Medicaid for the company’s hereditary cancer testing; (ii) the foregoing conduct would foreseeably subject Myriad to heightened regulatory scrutiny and/or enforcement action; (iii) Myriad’s revenues from its hereditary cancer testing were in part the product of improper conduct and unlikely to be sustainable; and (iv) as a result, Myriad’s public statements were materially false and misleading at all relevant times.

On March 12, 2018, Myriad disclosed that it had received a subpoena from the Department of Health and Human Services, Office of Inspector General, in connection with “an investigation into possible false or otherwise improper claims submitted for payment under Medicare and Medicaid,” specifically relating to Myriad’s hereditary cancer testing. The subpoena covers a time period from January 1, 2014 through the date of the subpoena’s issuance. 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.

 

InnerWorkings, Inc. (NASDAQGS: INWK)

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 Innerworkings, Inc. (“InnerWorkings” or “Company”) (NasdaqGS: INWK) and several officers and directors for acts taken during the period of August 11, 2015 and May 7, 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 InnerWorkings.  If you are an affected InnerWorkings 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: (1) InnerWorkings’ financial statements for the fiscal years ending December 31, 2017, 2016, and 2015 as well as all interim periods contained errors that required restating; and (2) InnerWorkings’ financial statements were materially false and misleading at all relevant times.  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.

 

LongFin Corp. (NASDAQCM: LFIN)

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 LongFin Corp. (“LongFin” or “Company”) (NasdaqCM: LFIN) and several officers and directors for acts taken during the period of December 15, 2017 and April 2, 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 LongFin. If you are an affected LongFin 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) LongFin had misrepresented material facts about its business and operations, including the extent of its capabilities at its New York offices and the identity and qualifications of key employees; (ii) Longfin had material weaknesses in its operations and internal controls over financial reporting; (iii) Longfin was ineligible for inclusion in the Russell Indices; (iv) Longfin’s lack of profitability had imperiled its ability to continue as a going concern; and (v) as a result of the foregoing, Longfin’s financial statements and Defendants’ statements about Longfin’s business, operations, and prospects, were materially false and misleading at all relevant times.

On March 26, 2018, Citron Research posted a tweet on Twitter.com accusing the Company of inaccuracies in its financial reporting and fraud. The same day, FTSE Russell issued a statement announcing that Longfin would be removed from its global indices after market close on March 28, 2018, approximately 12 days after being added. Then, on March 27, 2018, CNBC published an article entitled “Longfin loses more than a third of its value after the controversial cryptocurrency stock is booted from the Russell 2000 index.” In the article, Meenavalli stated that Longfin would be taking legal action against Citron for its negative comments. Following each of these announcements, 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.

Xcerra Corporation

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Xcerra Corporation (“Xcerra”) (NASDAQ: XCRA) concerning the sale to Cohu, Inc. (NASDAQGS: COHU). Under the terms of the agreement, Xcerra shareholders will only receive $9.00 in cash and 0.2109 of a share of Cohu common stock for each share owned, which is virtually no premium over the 52-week high and lower than at least one analyst’s estimated value of $16.00 per share.

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 Xcerra’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 the stock could be as high as $16.00.

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 and transactional matters.

MTGE Investment Corp. (NASDAQGS: MTGE)

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of MTGE Investment Corp. (“MTGE”) (NasdaqGS: MTGE) concerning the sale to Annaly Capital Management Inc. (NYSE: NLY).  Under the terms of the agreement, MTGE shareholders may elect to receive one of the following options for each share owned: (a) $9.82 in cash and 0.9519 shares of Anally common stock; (b) $19.65 in cash; or (c) 1.9037 shares of Annaly common stock.  The consideration is virtually no premium over the 52-week high and lower than at least one analyst’s estimated value of $21.00 per share.

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 MTGE’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 the stock could be as high as $21.00.

 

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 and transactional matters.

RPX Corporation (NASDAQGS: RPXC)

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of RPX Corporation (“RPX”) (NasdaqGS: RPXC) concerning the acquisition by HGGC.  Under the terms of the agreement, valued at approximately $555 million, RPX shareholders will only receive $10.50 in cash per RPX share owned.  The consideration is significantly lower than at least one analyst’s estimated value of $16.00.

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 RPX’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 RPX could be as high as $16.00 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.

Andeavor (NYSE: ANDV)

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Andeavor (“Andeavor”) (NYSE: ANDV) concerning the sale to Marathon Petroleum Corp.  Under the terms of the agreement, Andeavor shareholders will have the option to choose 1.87 shares of MPC stock, or $152.27 in cash, subject to a proration mechanism that will result in 15 percent of ANDV’s fully diluted shares receiving cash, for each share owned.  The consideration is virtually no premium over the 52-week high and lower than at least one analyst’s estimated value of $160.00 per share.

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 Andeavor’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 the stock could be as high as $160.00.

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 and transactional matters.

Quality Care Properties, Inc. (NYSE: QCP)

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Quality Care Properties, Inc. (“Quality Care”) (NYSE: QCP) concerning the sale to Welltower, Inc.  Under the terms of the agreement, Quality Care shareholders will only receive $20.75 in cash for each share owned, which is virtually no premium over the 52-week high.

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 Quality Care’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.

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 and transactional matters.

Financial Engines, Inc. (NASDAQGS: FNGN)

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Financial Engines, Inc. (“Financial Engines”) (NasdaqGS: FNGN) concerning the merger with Hellman & Friedman. Under the terms of the agreement, valued at approximately $3.02 billion, Financial Engines shareholders will only receive $45.00 per 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 the Board of Directors of Financial Engines 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.

DCT Industrial Trust Inc. (NYSE: DCT)

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of DCT Industrial Trust Inc. (“DCT”) (NYSE: DCT) concerning the acquisition by Prologis, Inc. (NYSE: PLD). Under the terms of the agreement, valued at approximately $8.4 billion, DCT shareholders will only receive 1.02 Prologis shares for each DCT share owned. Based on the closing price of Prologis before the deal was announced, the consideration is significantly lower than at least one analyst’s estimated value of $69.00.

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 DCT’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 DCT could be as high as $69.00 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.