Tesla, Inc. Securities Litigation (2018)

Plaintiff's law firm issued a press release on August 10, 2018, announcing the lawsuit. According to the press release, the Complaint charges that Tesla and the Company's Chairman and Chief Executive Officer violated the Securities Exchange Act of 1934 by issuing false and misleading statements regarding the CEO taking the Company private. In particular, and importantly, at 12:48pm eastern standard time on August 7, 2018, the CEO issued a statement via Twitter that "funding" for the deal had been "secured" ("Funding secured"). In reaction to the CEO's Tweet, the price of Tesla's stock soared to an intra-day high of $387.46, $45.47 above the previous day's closing price, closing at $379.57 per share. The Complaint alleges that the CEO was not telling the truth. Rather, he had Tweeted to decimate the Company's short-sellers who were forced to cover their positions over the succeeding days at artificially inflated prices. Indeed, the price of Tesla stock also remained inflated throughout the next day, August 8, 2018.

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Oracle Corporation Securities Litigation (2018)

On August 10, 2018, Plaintiff's law firm issued a press release announcing the filing of the Complaint. According to the press release, the Complaint alleges that, during the Class Period, Defendants violated provisions of the Exchange Act by issuing false and misleading press releases, filings with the U.S. Securities and Exchange Commission ("SEC"), and statements during investor and analyst conference calls.

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Zion Oil & Gas Inc Securities Litigation

According to the Complaint, Zion Oil & Gas Inc ("Zion" or the "Company") operates as an oil and gas exploration company in Israel. Zion currently holds one active petroleum exploration license in Israel, the Megiddo-Jezreel License, comprising approximately 99,000 acres.

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Nielsen Holdings PLC Securities Litigation

Plaintiff's law firm issued a press release on August 8, 2018, announcing the law suit. According to the press release, the complaint charges Nielsen and certain of its officers with violations of the Securities Exchange Act of 1934. Nielsen describes itself as a leading global performance management company providing its clients with a comprehensive understanding of what consumers watch and what they buy and how those choices intersect.

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Energy XXI Gulf Coast, Inc. Securities Litigation

According to the Complaint, Energy XXI Gulf Coast, Inc. ("Energy XXI" or the "Company") is an exploration and production company that is engaged in the development, exploitation, and acquisition of oil and natural gas properties in conventional assets in the U.S. Gulf Coast region, both offshore in the Gulf of Mexico and onshore in Louisiana and Texas.

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