NEW YORK, Feb. 17, 2020 /PRNewswire/ -- Moore Kuehn, PLLC,
a securities law firm located on Wall Street in downtown
New York City, is investigating
potential claims involving directors and officers regarding
possible breaches of fiduciary duties and other violations of law
related to whether insiders, as alleged in federal securities
lawsuits, caused their companies to make false and/or misleading
statements and/or failed to disclose, among other things, that:
- Spirit AeroSystems, Inc. (NYSE: SPR)
(1) Spirit lacked effective internal controls over financial
reporting; and (2) Spirit did not comply with its established
accounting principles related to potential contingent
liabilities. On January 30,
2020, Spirit issued a press release announcing CFO,
Jose Garcia, and Principal
Accounting Officer, John Gilson,
resigned from their positions.
- Trulieve Cannabis Corp. (OTC : TCNNF)
(1) Trulieve overstated its mark-up on its biological assets;
(2) Trulieve's reported gross profit was inflated; and (3) Trulieve
engaged in an undisclosed related party real estate sale.
- Grubhub Inc. (NYSE: GRUB)
(1) customer orders were actually declining, despite the massive
investments the Company had made to spur demand for and use of its
platform; (2) Grubhub's new customer additions were generating
significantly lower revenues as compared to historic cohorts
because these customers were more prone to using competitor
platforms; (3) Grubhub's vaunted business model under which it
secured exclusive restaurant partnerships had failed, and Grubhub
needed to engage in the same aggressive non-partnered sales tactics
embraced by its competitors to generate significant revenue growth;
and (4) Grubhub was required to spend substantial additional
capital in order to grow revenues and retain market share in the
face of heightened competitive dynamics and market saturation,
eviscerating the Company's profitability.
Moore Kuehn encourages shareholders who would like to discuss
their rights to contact Justin Kuehn,
Esq. by email at jkuehn@moorekuehn.com or telephone at (212)
709-8245. The consultation and case are free with no
obligation to you.
Moore Kuehn is a 5-star Google rated New York City-based law firm with attorneys
representing investors and consumers in class action litigation
involving securities law violations, financial fraud, breaches of
fiduciary duties, and other claims. For additional
information about Moore Kuehn, please go to
http://www.moorekuehn.com/practice/new-york-securities-litigation/.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
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