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DEADLINE ALERT for FE, INTC, UCO and VEL: Frank R. Cruz's regulation companies are reminding buyers of sophistication motion lawsuits on behalf of shareholders – Yahoo Finance

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "LOS ANGELES, September 9, 2020 (GLOBE NEWSWIRE) – Frank R. Cruz's law firms reminds 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.
"data-reactid =" 12 "> LOS ANGELES, September 9, 2020 (GLOBE NEWSWIRE) – Frank R. Cruz's law firm reminds investors that class action lawsuits have been filed on behalf of the shareholders of the following listed companies Time to file lead plaintiff's motion within the deadlines listed below.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Investors who suffer losses in their investments are asked to Contacting Frank R. Cruz's law firms to discuss their legal rights in these class action lawsuits at 310-914-5007 or email at fcruz@frankcruzlaw.com. "data-reactid =" 13 "> Investors who suffer losses in their investments are asked to contact the law firm of Frank R. Cruz at 310-914-5007 or by email at fcruz @ frankcruzlaw, to discuss their legal rights in these class actions .com.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "FirstEnergy Corp. (NYSE: FE)
Classes: February 21, 2017 – July 21, 2020
Deadline of the main plaintiff: September 28, 2020"data-reactid =" 14 ">FirstEnergy Corp. (NYSE: FE)
Classes: February 21, 2017 – July 21, 2020
Deadline of the main plaintiff: September 28, 2020

The complaint filed in this class action alleges that, throughout the class period, FirstEnergy made materially false and / or misleading statements and did not disclose material adverse facts about the company's business, business and prospects. In particular, Defendants have failed to advise investors: (1) that FirstEnergy and its agents and affiliates orchestrated a $ 60 million campaign to corrupt the political process to ensure the passage of laws in favor of the Company and its affiliates; (2) That FirstEnergy and its agents and affiliates secretly sent tens of millions of dollars to Ohio politicians to bribe those politicians to get votes for HB6, a $ 1.3 billion bailout for the unprofitable nuclear facilities of FirstEnergy; (3) that FirstEnergy and its agents and affiliates ran a massive, misleading publicity campaign in support of HB6 and against an electoral initiative to repeal HB6 by channeling millions of dollars through an intricate network of "dark money" units and frontline companies to hide the company's involvement; (4) that FirstEnergy and its agents and affiliates had undermined an electoral initiative by citizens to overturn HB6, including employing unscrupulous tactics by hiring more than 15 signature-collecting firms (opposing support for the initiative) and insiders Bribe election initiative and collectors of signatures; (5) that as a result of the foregoing, Defendants' statements regarding the class period in relation to FirstEnergy's regulatory and legislative efforts were materially false and misleading; and (6) that FirstEnergy was exposed to an extreme, undisclosed risk of reputational, legal and financial damage as a result of the foregoing.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Intel Corporation (NASDAQ: INTC)
Teaching time: April 23, 2020 – July 23, 2020
Deadline of the main plaintiff: September 28, 2020"data-reactid =" 20 ">Intel Corporation (NASDAQ: INTC)
Teaching time: April 23, 2020 – July 23, 2020
Deadline of the main plaintiff: September 28, 2020

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Shareholders with a loss of $ 50,000 or more are encouraged to contact the company."data-reactid =" 21 ">Shareholders with a loss of $ 50,000 or more are encouraged to contact the company.

The complaint filed in this class action alleges that throughout the class period, Intel made materially false and / or misleading statements and did not disclose material adverse facts about the company's business, business and prospects. Specifically, Defendants have failed to advise investors: (1) that Intel identified a defect mode in its 7-nanometer process that resulted in a deterioration in ROI; (2) that the company would experience a six-month delay in its production schedule for 7 nanometer products as a result; (3) Intel was reasonably likely to have relied on third-party foundries to manufacture its 7 nanometer products; (4) that as a result of the foregoing, Intel would be reasonably likely to lose market share to its competitors who already sell 7-nanometer products; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and / or unfounded.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "ProShares Ultra Bloomberg Crude Oil (NYSEArca: UCO)
Classes: March 6, 2020 – April 27, 2020
Deadline of the main plaintiff: September 28, 2020"data-reactid =" 23 ">ProShares Ultra Bloomberg Crude Oil (NYSEArca: UCO)
Classes: March 6, 2020 – April 27, 2020
Deadline of the main plaintiff: September 28, 2020

The complaint filed in this class action alleges that throughout the class period, UCO made materially false and / or misleading statements and did not disclose material adverse facts about the company's business, business and prospects. In particular, defendants have failed to disclose to investors: (1) the exceptional market volatility caused by lower demand for oil due to the coronavirus pandemic and increased oil supplies, as well as decreased oil prices caused by the oil price war between Russia and Saudi Arabia; (2) that a massive influx of hundreds of millions of US dollars of investor capital into the Fund in a matter of days increased the inefficiency of the Fund, increased illiquidity in the WTI futures markets in which the Fund invested, and created the Fund To approach position and regulatory limits (adverse trends exacerbated by the offer itself); and (3) that a large divergence between spot and future prices in the WTI oil markets resulted in super contango market momentum as oil storage space in Cushing, Oklahoma dwindled and was insufficient to adequately accommodate the expected oversupply the WTI futures contract from May 2020; (4) As a result, UCO could no longer pursue the passive investment strategy outlined in the registration statement, which resulted in the results deviating significantly from the alleged benchmark.

The story goes on

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Velocity Financial, Inc. (NYSE: VEL)
Course period: IPO January 2020
Deadline of the main plaintiff: September 28, 2020"data-reactid =" 29 ">Velocity Financial, Inc. (NYSE: VEL)
Course period: IPO January 2020
Deadline of the main plaintiff: September 28, 2020

The complaint filed in this class action alleges that, throughout the class period, Velocity made materially false and / or misleading statements and did not disclose material adverse facts about the company's business, business and prospects. Specifically, Defendants have failed to disclose to investors: (1) At the time Velocity went public ("Initial Public Offering"), the Company's non-performing loans had increased dramatically in size from the numbers set out in the Registration Statement and Prospectus issued; (2) Defendants have not provided investors with information about the potential impact of the novel coronavirus on the business and operations of Velocity, although the international spread of the virus had already been confirmed at the time of the IPO; (3) As a result, the failure to disclose the substantial and growing proportion of the Company's loans that had non-performing and / or non-accrual loans at the time of the IPO has reflected the statements in the Registration Statement and Prospectus on the quality of the loan portfolio and underwriting practices of the company is significantly misleading.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow us for updates on Twitter: twitter.com/FRC_LAW. "data-reactid =" 31 "> Follow us for updates on Twitter: twitter.com/FRC_LAW.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "To be a member of these class actions, you must You must take no action at this point. You may retain an attorney of your choice or take no action and remain an absent member of the class action. If you would like to learn more about, or have 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 Offices, Avenue of the Stars 1999, Suite 1100, Los Angeles, California 90067, at 310-914-5007, by email at info@frankcruzlaw.comor visit our website at www.frankcruzlaw.com. When inquiring by email, please include your mailing address, telephone number and number of shares purchased. "Data-reactid =" 32 "> You don't have to take any action at this time to become a member of these class actions Keep the advice of your choice or take no action and remain an absent member of the class action. If you want to learn more about these class actions or 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 Offices, Avenue of the Stars 1999, Suite 1100, Los Angeles, California 90067, at 310 -914-5007, by email to info@frankcruzlaw.com or visit our website at www.frankcruzlaw.com If you inquire by email, please include your mailing address, telephone number and the number of shares purchased.

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

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "contacts"data-reactid =" 34 ">contacts

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The law firms of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com"data-reactid =" 35 "> The law offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com

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