SAN DIEGO, Oct. 30, 2023 (GLOBE NEWSWIRE) —
Western Digital Corporation (NASDAQ: WDC)
Johnson Fistel, LLP is investigating potential claims on behalf of Western Digital Corporation against certain of its officers and directors.
If you are a current, long-term shareholder of Western Digital Corporation holding shares before 2020, you may have standing to hold Western Digital harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action:
Western Digital, a data storage manufacturer, has recently received public scrutiny relating to its SanDisk Extreme SSDs. A recent prospective class action was filed citing breach of contract, fraudulent and unfair business practices, and many other claims. Previously Western Digital faced another class action lawsuit in which the complaint alleged that the company brazenly tried to sneak SMR drives into its “WD Red” lineup marketed for network-attached storage devices.
Shift4 Payments, Inc. (NYSE: FOUR)
Johnson Fistel, LLP is investigating potential claims on behalf of Shift4 Payments against certain of its officers and directors.
If you are a current, long-term shareholder of Shift4 Payments holding shares before November 10, 2021, you may have standing to hold Shift4 Payments harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action:
Recently a class action complaint was filed against the company. The filed complaint alleges that defendants made false statements and/or concealed that: (i) Shift4 had inadequate disclosure controls and procedures and internal control over financial reporting; (ii) as a result, Shift4 failed to properly account for customer acquisition costs, thereby artificially inflating its net cash provided by operating activities; (iii) accordingly, Shift4 would likely be forced to restate one or more of its previously issued financial statements; (iv) Shift4 employed accounting maneuvers in connection with, among other things, its mass strategic buyout program and sponsor bank merchant settlement account, that were designed to present an inaccurate picture of, inter alia, the Company’s performance, its underlying business quality, and its earnings power; (v) all the foregoing, once revealed, was likely to negatively impact Shift4’s reputation and business; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.
FedEx Corporation (NYSE: FDX)
Johnson Fistel, LLP is investigating potential claims on behalf of FedEx Corporation (NYSE: FDX) against certain of its officers and directors.
If you are a current, long-term shareholder of FedEx holding shares before 2011, you may have standing to hold FedEx harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action:
Recently a lawsuit was filed that accuses FedEx of replacing the odometers in many of its vans with new ones that read zero miles. However, their real mileage was sometimes as much as four times the odometer readout, thus leading to countless mechanical issues that would cost the customers far more money. In some cases, the issues would be so severe, the vans were useless and businesses went bust.
Masimo Corporation (NASDAQ: MASI)
Johnson Fistel, LLP is investigating potential claims on behalf of Masimo Corporation against certain of its officers and directors.
If you are a current, long-term shareholder of Masimo Corporation holding shares before February 28, 2023, you may have standing to hold Masimo harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing. You can click or copy and paste the link below in a browser to join this action:
Recently a class action was filed against the company. The Masimo class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Masimo misled investors by creating the false impression that they possessed reliable information pertaining to Masimo’s sales pipeline; (ii) Masimo’s forecasting processes failed to adequately account for potential loss of sensor sales among Masimo’s customers, as well as the potential decline in demand for premium and luxury audio categories; and (iii) Masimo provided materially flawed revenue guidance for fiscal year 2023.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, Lead Securities Analyst
Telephone: (619) 814-4471
Email: jimb@johnsonfistel.com
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