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NEW YORK, NY / ACCESSWIRE / March 17, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
Infinity Q Diversified Alpha Fund Institutional Class (NASDAQ:IQDNX)
CONTACT JAKUBOWITZ ABOUT IQDNX:
https://claimyourloss.com/securities/infinity-q-diversified-alpha-fund-loss-submission-form/?id=13789&from=1
Class Period: December 21, 2018 - February 22, 2021
Lead Plaintiff Deadline: April 27, 2021
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Infinity Q's Chief Investment Officer made adjustments to certain parameters within the third-party pricing model that affected the valuation of the swaps held by the Fund; (2) consequently, Infinity Q would not be able to calculate NAV correctly; (3) as a result, the previously reported NAVs were unreliable; (4) because of the foregoing, the Fund would halt redemptions and liquidate its assets; and (5) as a result, the Prospectuses were materially false and/or misleading and failed to state information required to be stated therein.
XL Fleet Corp. (NYSE:XL)
CONTACT JAKUBOWITZ ABOUT XL:
https://claimyourloss.com/securities/xl-fleet-corp-loss-submission-form/?id=13789&from=1
Class Period: October 2, 2020 - March 2, 2021
Lead Plaintiff Deadline: May 7, 2021
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) XL Fleet's salespeople were pressured to inflate their sales pipelines to boost the Company's reported sales and backlog; (2) at least 18 of the 33 customers that XL featured were inactive and had not placed an order since 2019; (3) XL's technology had been materially overstated and offered only 5% to 10% of fleet savings; (4) XL lacks the supply chain and engineers to roll out new products on the announced timelines; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Neptune Wellness Solutions Inc. (NASDAQ:NEPT)