DEADLINE ALERT for BKKT, IIPR,

BENSALEM, Pa., May 23, 2022 (GLOBE NEWSWIRE) — The Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly traded companies. Investors have until the deadlines listed below to file as lead plaintiff.

Investors experiencing losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class action lawsuits at 888-638-4847 or by email at [email protected].

Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings (:BKKT)
Course period: March 31, 2021 – November 19, 2021
Lead Applicant Deadline: June 20, 2022

The Complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company had flawed financial controls; (2) as a result, there have been errors in the Company’s financial statements relating to the misclassification of certain shares issued prior to the Business Combination; (3) as a result, the Company should restate some of its financial statements; (4) the Company has minimized the true extent and severity of these issues; (5) the Company overstated its correction of its faulty financial controls; and (5) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

Innovative Industrial Properties, Inc. (:IIPR)
Course period: May 7, 2020 – April 13, 2022
Lead Applicant Deadline: June 24, 2022

The Complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company’s purpose is to be a lender of cannabis company rather than a real estate investment trust; (2) that the actual values ​​of the Company’s properties are significantly lower than those represented by the innovative industrial properties; (3) the existential problems of its main clients; (4) that as a result, its main customers may not be able to continue to make payments to the Company, which would face significant problems in replacing these customers; and (5) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

Natera, Inc. (NTRA)
Course period: February 26, 2020 – April 19, 2022
Lead Applicant Deadline: June 27, 2022

The Complaint alleges that throughout the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that: (1) Panorama was unreliable and resulted in high rates of false positives; (2) Prospera did not have superior accuracy compared to competitive tests; (3) as a result of defendants’ false and misleading claims regarding Natera’s technology, the company was exposed to significant legal and regulatory risks; (4) Natera relied on deceptive sales and billing practices to drive revenue growth; and (5) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

Risky Ltd. (:RSKD)
Appeal period: July 2021 IPO
Lead Applicant Deadline: July 1, 2022

The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) as Riskified expanded its user base, the quality of the machine learning platform of Riskified had deteriorated (instead of improving as stated in the registration statement), due to, among other things, inaccuracies in the algorithms associated with onboarding new merchants and entering new geographies and industries; (2) Riskified had expanded its customer base into industries with relatively high fraud rates, including partnerships with cryptocurrency and remittance businesses where Riskified had limited experience and this expansion had a negative impact the effectiveness of Riskified’s machine learning platform; (3) as a result, Riskified suffered from materially higher chargebacks and cost of revenues and decreased gross profits and gross profit margins in its third fiscal quarter of 2021; and (4) as a result, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

To be a member of these class actions, you do not have to take any action at this time; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about these class actions, or if you have any questions about this announcement or your rights or interests in these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith , 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by phone at (215) 638-4847, toll free at (888) 638-4847, or by email at [email protected]or visit our website at www.howardsmithlaw.com.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

contacts
Law Firms of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com

Law-Cabinets-of-Howard-G-Smith.png

Comments are closed.