According to the Complaint, Athenex, Inc. is a global clinical stage biopharmaceutical company dedicated to becoming a leader in the discovery, development, and commercialization of next generation drugs for the treatment of cancer.See Case Details »
According to the Complaint, Ontrak, Inc. is a healthcare company that offers a Predict-RecommendEngage platform that organizes and automates healthcare data integration and analytics. A critical component of this platform are Ontrak programs, which are designed to provide healthcare solutions to members with behavioral conditions that cause or exacerbate chronic medical conditions.See Case Details »
According to the Complaint, Renewable Energy Group, Inc. provides clean, low carbon transportation fuels. It is North America's largest producer of advanced biofuels.See Case Details »
According to the Complaint, provides solutions to develop safe automated systems including real-time surround view lidar sensors. The Company became a public entity on or about September 29, 2020 when it merged with Graf Industrial Corp., a special purpose acquisition company.See Case Details »
According to the Complaint, MoneyGram International, Inc., together with its subsidiaries, is a money transfer company that allows customers to send money around the globe.
On June 17, 2019, MoneyGram issued a press release announcing that it was entering into a strategic partnership with Ripple Labs, Inc. ("Ripple"). Ripple is a blockchain technology company and the developer of the cryptocurrency XRP.
The Complaint alleges that during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) XRP, the cryptocurrency that MoneyGram was utilizing as part of its Ripple partnership, was viewed as an unregistered and therefore unlawful security by the SEC; (2) in the event that the SEC decided to enforce the securities laws against Ripple, MoneyGram would be likely to lose the lucrative stream of market development fees that was critical to its financial results throughout the Class Period; and (3) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.