NEW YORK, NY / ACCESSWIRE / May 26, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.
Fusion Connect, Inc. (OTCMKTS: FSNN)
Investors Affected : August 14, 2018 - April 2, 2019
A class action has commenced on behalf of certain shareholders in Fusion Connect, Inc. The complaint alleges that Fusion made materially false and misleading statements, later admitting that the process used by certain of its Birch subsidiaries for capitalizing costs associated with the customer on-boarding process and the related judgments and estimates were not designed with sufficient precision, leading to an overstatement of the Company's earnings (or net loss) of between $1.7 million and $2.3 million in the quarter ending on June 30, 2018, and between $3.4 million and $4.1 million in the quarter ending September 30, 2018.
Shareholders may find more information at https://securitiesclasslaw.com/securities/fusion-connect-inc/?id=1677&from=1
Mueller Water Products, Inc. (NYSE: MWA)
Investors Affected : May 9, 2016 - August 6, 2018
A class action has commenced on behalf of certain shareholders in Mueller Water Products, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked adequate testing for product quality; (2) certain products with radio components were susceptible to fail prematurely; (3) as a result, the Company was reasonably likely to incur increased expenses, including warranty costs; (4) these costs would materially impact the Company's financial statements; (5) the Company lacked adequate internal controls over warranty costs and estimates; 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 a reasonable basis.
Shareholders may find more information at https://securitiesclasslaw.com/securities/mueller-water-products-inc/?id=1677&from=1
Dynagas LNG Partners LP (NYSE: DLNG)
Investors Affected : February 16, 2018 - March 21, 2019
A class action has commenced on behalf of certain shareholders in Dynagas LNG Partners LP. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: the terms of the Company's long-term contracts on its liquid natural gas ships, Arctic Aurora and Ob River, were unfavorable and resulted in the Company's inability to sustain its quarterly distributions. As a result of the Defendants' false and misleading statements and omissions, Dynagas securities traded at artificially inflated prices during the Class Period. Such inflation was removed when it was revealed that the Arctic Aurora and the Ob River were commencing employment under new extended charter contracts which were at lower rates compared to the previous charter contracts, thereby undermining the Company's ability to make future distributions.
Shareholders may find more information at https://securitiesclasslaw.com/securities/dynagas-lng-partners-lp-loss-submission-form/?id=1677&from=1
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770
SOURCE: The Gross Law Firm
View source version on accesswire.com:
https://www.accesswire.com/546667/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-FSNN-MWA-and-DLNG
