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The Gross Law Firm Announces Class Actions on Behalf of Shareholders of UNIT, ZEN and HEXO

NEW YORK, NY / ACCESSWIRE / December 8, 2019 / 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.

Uniti Group Inc. (NASDAQGS: UNIT)

Investors Affected : April 20, 2015 - February 15, 2019

A class action has commenced on behalf of certain shareholders in Uniti Group Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Uniti's financial results were not sustainable because its customer Windstream had defaulted on its unsecured notes; and (ii) as a result of the foregoing, Defendants' statements about Uniti's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

Shareholders may find more information at https://securitiesclasslaw.com/securities/uniti-group-inc-loss-submission-form/?id=4773&from=1

Zendesk, Inc. (NYSE: ZEN)

Investors Affected : February 6, 2019 - October 1, 2019

A class action has commenced on behalf of certain shareholders in Zendesk, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) Zendesk's clients had been subject to data breaches dating back to 2016; (b) Zendesk was experiencing slowing demand for its Software as a Service offerings, particularly in Germany, the United Kingdom, and Australia, due in large part to political uncertainty and China trade issues there; and (c) as a result of the foregoing, Zendesk's business metrics and financial prospects were not as strong as defendants had led the market to believe during the Class Period.

Shareholders may find more information at https://securitiesclasslaw.com/securities/zendesk-inc-loss-submission-form/?id=4773&from=1

HEXO Corp. (NYSE: HEXO)

Investors Affected : January 25, 2019 - November 15, 2019

A class action has commenced on behalf of certain shareholders in HEXO Corp. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) HEXO's reported inventory was misstated as the Company was failing to write down or write off obsolete product that no longer had value; (2) HEXO was engaging in channel-stuffing in order to inflate its revenue figures and meet or exceed revenue guidance provided to investors; (3) HEXO was cultivating cannabis at its facility in Niagara, Ontario that was not appropriately licensed by Health Canada; and (4) 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.

Shareholders may find more information at https://securitiesclasslaw.com/securities/hexo-corp-loss-submission-form/?id=4773&from=1

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: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm



View source version on accesswire.com:
https://www.accesswire.com/569501/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-UNIT-ZEN-and-HEXO

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