According to the Complaint, Liberty Property Trust is a leader in commercial real estate, serving customers in the United States and United Kingdom through the development, acquisition, ownership, and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets.See Case Details »
According to the Complaint, Cision is a leading global provider of earned media software and services to public relations and marketing communications professionals.See Case Details »
According to the Complaint, Merit is a manufacturer and marketer of proprietary disposable medical devices used in interventional, diagnostic, and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care, and endoscopy.See Case Details »
According to the Complaint, Fiat Chrysler Automobiles N.V., with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems.See Case Details »
According to the Complaint, Wanda Sports purports to be a global sports events, media and marketing platform
with significant intellectual property rights.
In July 2019, Defendants held an IPO, issuing approximately 23.8 million American Depository Shares to the investing public at $8.00 per share, pursuant to the Registration Statement. The Complaint alleges that the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) the lack of major sporting events for its Digital, Production, Sports Solutions (“DPSS”) and Spectator Sports segments for its second quarter of 2019, ending before the IPO, would negatively impact revenue for the second quarter of 2019; (2) Wanda Sports had suffered a year-over-year decrease in revenue in its second quarter ended June 30, 2019 and would for its fiscal year 2019, primarily related to lower reimbursement revenues accounted for in its DPSS segment and lack of Spectator Sport segment offsets; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.See Case Details »