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CLASS ACTION UPDATE for SSL, SIX and CRON: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / March 23, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ... Read More...
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="NEW YORK, NY / ACCESSWIRE / March 23, 2020 / Levi &amp; 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.” data-reactid=”12″>NEW YORK, NY / ACCESSWIRE / March 23, 2020 / 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.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Sasol Limited (SSL)
SSL Lawsuit on behalf of:
investors who purchased March 10, 2015 – January 13, 2020
Lead Plaintiff Deadline: April 6, 2020
Join the action: https://www.zlk.com/pslra-1/sasol-limited-loss-form?wire=3&amp;prid=5776″ data-reactid=”13″>Sasol Limited (SSL)
SSL Lawsuit on behalf of:
investors who purchased March 10, 2015 – January 13, 2020
Lead Plaintiff Deadline: April 6, 2020
Join the action: https://www.zlk.com/pslra-1/sasol-limited-loss-form?wire=3&prid=5776

Allegations: Sasol Limited made materially false and/or misleading statements and/or failed to disclose that: (i) Sasol had conducted insufficient due diligence into, and failed to account for multiple issues with, the Lake Charles Chemicals Project (“LCCP”), as well as the true cost of the project; (ii) construction and operation of the LCCP was consequently plagued by control weaknesses, delays, rising costs, and technical issues; (iii) these issues were exacerbated by Sasol’s top-level management, who engaged in improper and unethical behavior with respect to financial reporting for the LCCP and the project’s oversight; (iv) all the foregoing was reasonably likely to render the LCCP significantly more expensive than disclosed and negatively impact the Company’s financial results; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="To learn more about the Sasol Limited class action, contact [email protected].” data-reactid=”15″>To learn more about the Sasol Limited class action, contact [email protected].

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Six Flags Entertainment Corporation (SIX)
SIX Lawsuit on behalf of:
investors who purchased April 25, 2018 – February 19, 2020
Lead Plaintiff Deadline: April 13, 2020
Join the action: https://www.zlk.com/pslra-1/six-flags-entertainment-corporation-loss-form?wire=3&amp;prid=5776″ data-reactid=”16″>Six Flags Entertainment Corporation (SIX)
SIX Lawsuit on behalf of:
investors who purchased April 25, 2018 – February 19, 2020
Lead Plaintiff Deadline: April 13, 2020
Join the action: https://www.zlk.com/pslra-1/six-flags-entertainment-corporation-loss-form?wire=3&prid=5776

Allegations: Six Flags Entertainment Corporation made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) Riverside Investment Group Co. Ltd. (“Riverside”), the Chinese real estate developer with which Six Flags partnered, faced far more financial distress than disclosed to investors; (2) as a result, there was a high likelihood that Riverside would default on its payment obligations to the Company; (3) the Company’s international strategy, which relied predominantly on its exclusive agreements with Riverside to develop Six Flags-branded parks in China to drive revenue growth, was significantly less promising than represented to investors; and (4) as a result of the foregoing, Defendants’ statements about the Company’s business, operations and prospects lacked a reasonable basis.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="To learn more about the Six Flags Entertainment Corporation class action, contact [email protected].” data-reactid=”18″>To learn more about the Six Flags Entertainment Corporation class action, contact [email protected].

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Cronos Group Inc. (CRON)
CRON Lawsuit on behalf of:
investors who purchased May 9, 2019 – March 2, 2020
Lead Plaintiff Deadline: May 11, 2020
Join the action: https://www.zlk.com/pslra-1/cronos-group-inc-loss-form-2?wire=3&amp;prid=5776″ data-reactid=”19″>Cronos Group Inc. (CRON)
CRON Lawsuit on behalf of:
investors who purchased May 9, 2019 – March 2, 2020
Lead Plaintiff Deadline: May 11, 2020
Join the action: https://www.zlk.com/pslra-1/cronos-group-inc-loss-form-2?wire=3&prid=5776

Allegations: Cronos Group Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Cronos had engaged in significant transactions for which its revenue recognition was inappropriate; (ii) the foregoing would foreseeably necessitate reviews that would delay the Company’s ability to timely file its periodic reports; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="To learn more about the Cronos Group Inc. class action, contact [email protected].” data-reactid=”21″>To learn more about the Cronos Group 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 nationally recognized 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.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="CONTACT:” data-reactid=”24″>CONTACT:

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Levi &amp; Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com” data-reactid=”25″>Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

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