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DEADLINE ALERT for AYX, STAA and QTT: Frank R. Cruz legislation companies are reminding traders of sophistication motion lawsuits on behalf of shareholders – GlobeNewswire

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LOS ANGELES, Sep 1, 2020 (GLOBE NEWSWIRE) – Frank R. Cruz's law firm is reminding investors that class action lawsuits have been filed on behalf of the shareholders of the following publicly traded companies. Investors have until the deadlines set out below to file a motion from the lead plaintiff.

Investors suffering losses on their investments are encouraged to contact the Frank R. Cruz law firm at 310-914-5007 or email fcruz@frankcruzlaw.com for their statutory rights in these class actions to discuss.

Alteryx, Inc. (NYSE: AYX)
Class time: May 6, 2020 – August 6, 2020
Deadline of the main plaintiff: 19th October 2020

The complaint filed in this class action alleges that throughout the class period, defendants made materially false and / or misleading statements and did not disclose material adverse facts about the business, business and prospects of the company. Specifically, Defendants have failed to advise investors: (1) that the company was unable to close major deals within the quarter and that deals were postponed or scaled back to subsequent quarters; (2) As a result, Alteryx increasingly relied on adoption licenses to attract new customers. (3) As a result, and due to the nature of the adoption licenses, it was reasonably likely that the company's revenues would decline. and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations and prospects were materially misleading and / or unfounded.

STAAR Surgical Company (NASDAQ: STAA)
Classes: February 26, 2020 – August 10, 2020
Deadline of the main plaintiff: 19th October 2020

The complaint alleges that throughout the class period, the defendants made materially false and / or misleading statements and did not communicate any material adverse facts to investors. In particular, Defendants have misrepresented and / or failed to disclose to investors that the Company has overvalued and / or misrepresented: (1) sales and growth in China; (2) its marketing expenses; (3) its research and development costs; and that as a result of the foregoing (4), Defendants' public statements were materially false and misleading at all relevant times.

Qutoutiao Inc. (NASDAQ: QTT)
Classes: September 14, 2018 – July 15, 2020
Deadline of the main plaintiff: 19th October 2020

The complaint filed in this class action alleges that the defendants made materially false and / or misleading statements and failed to disclose material adverse facts about the company's business, business and prospects. In particular, Defendants have failed to advise investors: (1) that Qutoutiao replaced its advertising agency with a related party, thereby circumventing third party control of the content and quality of advertising; (2) that the company placed advertisements on its mobile app for products whose claims could not be substantiated and were therefore considered false advertisements under the applicable regulations; (3) that the company would be exposed to increasing regulatory scrutiny and reputational damage as a result; (4) that as a result, the company's advertising revenue would be reasonably likely to decline; and (5) that Defendants' positive statements about the Company's business, operations and prospects as a result of the foregoing were materially misleading and / or were unfounded.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

To be a member of these class actions, you do not need to take any action at this point. You can keep an attorney of your choice or you can take no action and remain an absent member of the class action. If you would like to learn more about this class action lawsuit, or if you have any questions about this announcement or your rights or interests in relation to these matters, please contact Frank R. Cruz of the Frank R. Cruz law firms, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007, via email to info@frankcruzlaw.com or visit our website at www.frankcruzlaw.com. When inquiring by email, please include your mailing address, telephone number and number of shares purchased.

This press release may be viewed as a solicitor advertisement in some jurisdictions under applicable laws and ethical rules.

contacts

The Frank R. Cruz Law Firms, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

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