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The Gross Law Firm Announces Class Actions on Behalf of Shareholders of NERV, SWI and QSR

The MarketWatch News Department was not involved in the creation of this content.

January 18, 2021 (ACCESSWIRE via COMTEX) —
NEW YORK, NY / ACCESSWIRE / January 18, 2021 / 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.

Minerva Neurosciences, Inc. (NASDAQ:NERV)

Investors Affected : May 15, 2017 – November 30, 2020

A class action has commenced on behalf of certain shareholders in Minerva Neurosciences, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the truth about the feedback received from the FDA concerning the “end-of-Phase 2” meeting; (ii) the Phase 2b study did not use the commercial formulation of roluperidone and was conducted solely outside of the United States; (iii) the failure of the Phase 3 study to meet its primary and key secondary endpoints rendered that study incapable of supporting substantial evidence of effectiveness; (iv) the Company’s plan to use the combination of the Phase 2b and Phase 3 studies would be “highly unlikely” to support the submission of an NDA; (v) reliance on these two trials in the submission of an NDA would lead to “substantial review issues” because the trials were inadequate and not well-controlled; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/minerva-neurosciences-inc-loss-submission-form/?id=12244&from=1

SolarWinds Corporation (NYSE:SWI)

Investors Affected : March 1, 2020 – December 14, 2020

A class action has commenced on behalf of certain shareholders in SolarWinds Corporation. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) since mid-2020, SolarWinds Orion monitoring products had a vulnerability that allowed hackers to compromise the server upon which the products ran; (2) SolarWinds’ update server had an easily accessible password of ‘solarwinds123′; (3) consequently, SolarWinds’ customers, including, among others, the Federal Government, Microsoft, Cisco, and Nvidia, would be vulnerable to hacks; (4) as a result, the Company would suffer significant reputational harm; and (5) as a result, Defendants’ statements about SolarWinds’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/solarwinds-corporation-loss-submission-form/?id=12244&from=1

Restaurant Brands International Inc. (NYSE:QSR)

Investors Affected : April 29, 2019 – October 28, 2019

A class action has commenced on behalf of certain shareholders in Restaurant Brands International Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s Winning Together Plan was failing to generate substantial, sustainable improvement within the Tim Hortons brand; (2) the Tims Rewards loyalty program was not generating sustainable revenue growth as increased customer traffic was not offsetting promotional discounting; and (3) as a result, Defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis.

Shareholders may find more information at https://securitiesclasslaw.com/securities/restaurant-brands-international-inc-loss-submission-form/?id=12244&from=1

Image: https://securitiesclasslaw.com/wp-content/uploads/2021/01/grosslawlogo.jpg

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. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm

15 West 38th Street, 12th floor

New York, NY, 10018

Email: [email protected]

Phone: (212) 537-9430

Fax: (833) 862-7770

SOURCE: The Gross Law Firm

View source version on accesswire.com:

https://www.accesswire.com/624765/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-NERV-SWI-and-QSR

COMTEX_377865181/2457/2021-01-18T18:37:31

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Copyright 2021 ACCESSWIRE

The MarketWatch News Department was not involved in the creation of this content.