Gross Law Firm Announces Class Action Lawsuits on Behalf of OSH, BMBL and RIVN Shareholders
NEW YORK, NY/ACCESSWIRE/March 9, 2022/ Securities litigation law firm The Gross Law Firm is issuing the following notice on behalf of the shareholders of the following publicly traded companies. Shareholders who purchased shares in the following companies on the dates indicated are encouraged to contact the company regarding a possible appointment of the lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.
Oak Street Health, Inc. (NYSE: OSH)
Investors concerned: August 6, 2020 – November 8, 2021
A class action lawsuit has been filed on behalf of certain shareholders of Oak Street Health, Inc. The filed lawsuit alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Oak Street has had relationships with third-party marketers that may provoke law enforcement scrutiny; (2) Oak Street provided free transportation to federal health care recipients in a way that would provoke law enforcement scrutiny; (3) such activities may constitute violations of the False Claims Act; (4) as such, Oak Street was at heightened risk of investigation by the US Department of Justice and/or other federal law enforcement agencies; (5) as a result, Oak Street suffered adverse impacts related to defense and settlement costs and the diversion of management resources; and (6) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.
Shareholders can find more information at https://securitiesclasslaw.com/securities/oak-street-health-inc-loss-submission-form/?id=24486&from=1
Bumble Inc. (NASDAQ: BMBL)
This lawsuit is on behalf of all purchasers of Bumble Class A common stock directly under Bumble’s secondary public offering of shares that took place on or about September 10, 2021.
A class action lawsuit has been filed on behalf of certain shareholders of Bumble Inc. The filed lawsuit alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (a) user growth trends Bumble’s paid users abruptly reversed in 3Q21 and the Company had actually lost tens of thousands of paid users in the quarter; (b) paid users had been more reluctant to sign up for the Bumble app during 3Q21 due to recent price increases for paid services on the app; (c) a significant number of paying users were leaving the Badoo app, a dating-oriented social network, and/or were unable to make payments through the Badoo app due, in large part, to issues resulting from the transition by the Company of its payment platform; and (d) as a result of the foregoing, Bumble’s business metrics and financial outlook were not as strong as the registration statement had represented.
Shareholders can find more information at https://securitiesclasslaw.com/securities/bumble-inc-loss-submission-form/?id=24486&from=1
Rivian Automotive, Inc. (NASDAQ: RIVN)
This lawsuit is on behalf of investors who have purchased or otherwise acquired common stock of Rivian pursuant to and/or traceable to Rivian’s IPO on November 10, 2021.
A class action lawsuit has been filed on behalf of certain shareholders of Rivian Automotive, Inc. The registration statement (documents issued in connection with the initial public offering) contained materially inaccurate, misleading and/or incomplete statements because they did not disclose not, among other other things, that the R1T electric pickup truck and the R1S electric SUV were so underpriced that Rivian would have to raise prices shortly after the IPO and that those price increases would tarnish the Rivian’s reputation as a reliable and transparent company and would put a significant number of the existing backlog of 55,400 pre-orders, as well as future pre-orders, at risk of cancellation.
Shareholders can find more information at https://securitiesclasslaw.com/securities/rivian-automotive-inc-loss-submission-form/?id=24486&from=1
Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company have caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.
The Raw Law Firm
15 West 38th Street, 12th Floor
New York, NY, 10018
Email: [email protected]
Telephone: (212) 537-9430
Fax: (833) 862-7770
THE SOURCE: The Raw Law Firm
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