NEW YORK, March 25, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Clarivate Plc (NYSE:
CLVT).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/clarivate-plc-loss-submission-form/?id=25103&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Clarivate between November 10,
2020 and February 2, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
March 25, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Clarivate Plc issued materially
false and/or misleading statements and/or failed to disclose that:
(i) Clarivate maintained defective disclosure controls and
procedures as a result of a material weakness in its internal
control over financial reporting; (ii) the foregoing material
weakness was not limited to how the Company accounted for warrants;
(iii) as a result, Clarivate failed to properly account for an
equity plan included in its acquisition of CPA Global, a global
leader in Intellectual Property software and tech-enabled services;
(iv) accordingly, the Company was reasonably likely to restate one
or more of its previously issued financial statements following its
acquisition of CPA Global; and (v) as a result, the Company's
public statements were materially false and misleading at all
relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law