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CST: 24/08/2019 02:14:47   

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Box, Beazer Homes, Cloudera, and Mammoth Energy and Encourages Investors to Contact the Firm

31 Days ago

NEW YORK, July 23, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Box, Inc, Beazer Homes USA, Inc., Cloudera, Inc., and Mammoth Energy Services, Inc. Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Box, Inc. (NYSE: BOX)

Class Period: November 28, 2018 to June 3, 2019

Lead Plaintiff Deadline: August 5, 2019

The complaint, filed on June 6, 2019, alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that the company was unable to close large deals within the quarter; (2) that, as a result, the company’s revenue would be materially impacted; and (3) that, as a result of the foregoing, defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

To learn more about the Box class action go to: https://bespc.com/box

Beazer Homes USA, Inc. (NYSE: BZH)

Class Period: August 1, 2014 to May 2, 2019

Lead Plaintiff deadline: August 5, 2019

The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies.  Specifically, defendants made false and/or misleading statements and/or failed to disclose that:  (i) Beazer Homes’ California assets classified as land held for future development were deteriorating in value or improperly valuated; (ii) the foregoing created a foreseeable risk of an eventual substantial impairment that would negatively impact the profitability of the Company; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

To learn more about the Beazer Homes class action go to: https://bespc.com/bzh-2

Cloudera, Inc. (NYSE: CLDR)

Class Period: April 28, 2017 to June 5, 2019

Lead Plaintiff Deadline: August 6, 2019

The complaint, filed on June 7, 2019, alleges that during the Class Period, the defendants failed to disclose adverse facts pertaining to Cloudera's business, operations, and financial condition, which were known to or recklessly disregarded by defendants.  Specifically, defendants failed to disclose that: (i) Cloudera was finding it increasingly difficult to identify large enterprises interested in adopting the Company's Hadoop-based platform; (ii) Cloudera needed to expend an increasing amount of capital on sales and marketing activities to generate new revenues; (iii) Cloudera had materially diminished sales opportunities and prospects and could not generate annual positive cash flows for the foreseeable future; (iv) the primary motivation for the Company's merger with Hortonworks was to generate growth through the acquisition of Hortonworks' existing customers (as opposed to obtaining them organically); and (v) that the purported synergies and other benefits of the merger with Hortonworks were materially overstated.

To learn more about the Cloudera class action go to: https://bespc.com/cldr

Mammoth Energy Services, Inc. (NASDAQ: TUSK)

Class Period: October 19, 2017 to June 5, 2019

Lead Plaintiff Deadline: August 6, 2019

The complaint, filed on June 7, 2019, alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Mammoth’s subsidiary, Cobra, improperly obtained two infrastructure contracts with PREPA that totaled over $1.8 billion; (2) specifically, the contracts were awarded as the result of improper steering and not a competitive RFP process; and (3) as a result, defendants statements about Mammoth’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

To learn more about the Mammoth class action go to: http://bespc.com/tusk

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation.  For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes. 

Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com

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