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January 21, 2021 (ACCESSWIRE by using COMTEX) —
NEW YORK, NY / ACCESSWIRE / January 21, 2021 / The securities litigation regulation organization of The Gross Law Firm concerns the following recognize on behalf of shareholders in the pursuing publicly traded organizations. Shareholders who acquired shares in the subsequent firms all through the dates mentioned are inspired to call the business about probable Lead Plaintiff appointment. Appointment as Direct Plaintiff is not demanded to partake in any restoration.

Qiwi plc (NASDAQ:QIWI)

Traders Afflicted : March 28, 2019 – December 9, 2020

A class motion has commenced on behalf of sure shareholders in Qiwi plc. The submitted grievance alleges that defendants designed materially false and/or misleading statements and/or failed to disclose that: (1) Qiwi’s inner controls related to reporting and document-maintaining were being ineffective (2) for that reason, the Central Financial institution of Russia would impose a financial fantastic on the Firm and impose restrictions on the Company’s capacity to make payments to overseas merchants and transfer income to pre-compensated playing cards and (3) as a consequence, Defendants’ community statements were being materially bogus and/or deceptive at all appropriate times.

Shareholders may perhaps come across a lot more information and facts at https://securitiesclasslaw.com/securities/qiwi-plc-decline-submission-type/?id=12327&from=1

Kandi Systems Group, Inc. (NASDAQ:KNDI)

Buyers Impacted : March 15, 2019 – November 27, 2020

A course action has commenced on behalf of selected shareholders in Kandi Systems Team, Inc. The filed criticism alleges that defendants produced materially false and/or misleading statements and/or unsuccessful to disclose that: (i) Kandi artificially inflated its claimed revenues as a result of undisclosed relevant bash transactions, or if not had associations with important consumers that indicated those clients did not have an arms size connection with Kandi (ii) the the greater part of Kandi’s revenue in the previous calendar year had been to undisclosed linked get-togethers and/or parties with these kinds of a close partnership and historical past with Kandi that it solid question on the arms-size mother nature of their romance (iii) all the foregoing, once unveiled, was foreseeably most likely to cast question on the validity of Kandi’s described revenues and, in flip, have a foreseeable detrimental impression on the Firm’s standing and valuation and (iv) as a end result, the Company’s public statements have been materially bogus and misleading at all applicable moments.

Shareholders may perhaps locate extra information and facts at https://securitiesclasslaw.com/securities/kandi-technologies-team-inc-loss-submission-sort/?id=12327&from=1

Penumbra, Inc. (NYSE:PEN)

Buyers Afflicted : August 3, 2020 – December 15, 2020

A class action has commenced on behalf of specified shareholders in Penumbra, Inc. The submitted grievance alleges that defendants made materially wrong and/or misleading statements and/or unsuccessful to disclose that: (1) that the Jet 7 Xtra Flex had recognised style flaws that made it unsafe for its standard use (2) that Penumbra did not adequately deal with the danger of the Jet 7 Xtra Flex resulting in critical injury and deaths, which had in truth previously occurred (3) that the Jet 7 Xtra Flex was probable to be recalled due to its basic safety difficulties and (4) as a result, Penumbra’s community statements as set forth above were materially phony and deceptive at all appropriate occasions.

Shareholders may possibly discover additional info at https://securitiesclasslaw.com/securities/penumbra-inc-reduction-submission-type/?id=12327&from=1

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The Gross Regulation Firm is committed to making sure that organizations adhere to liable small business tactics and interact in fantastic company citizenship. The organization seeks recovery on behalf of buyers who incurred losses when phony and/or misleading statements or the omission of material information and facts by a Business direct to artificial inflation of the Company’s stock. Lawyer marketing. Prior benefits do not ensure equivalent results.

Speak to:

The Gross Legislation Organization

15 West 38th Avenue, 12th ground

New York, NY, 10018

Electronic mail: [email protected]

Cellphone: (212) 537-9430

Fax: (833) 862-7770

Resource: The Gross Legislation Firm

Watch resource edition on accesswire.com:

https://www.accesswire.com/625323/The-Gross-Law-Business-Announces-Class-Steps-on-Behalf-of-Shareholders-of-QIWI-KNDI-and-PEN

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The MarketWatch Information Department was not concerned in the creation of this material.