Johnson & Weaver, LLP Announces Investigations of Under Armour, Inc., Facebook, Inc., JPMorgan Chase & Co. 401(k) Savings Plan, and Centrue Financial Corporation
SAN DIEGO, Jan. 31, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential claims against Under Armour, Inc., Facebook, Inc., JPMorgan Chase & Co., and Centrue Financial Corporation, as detailed below:
Under Armour, Inc.
Johnson & Weaver, LLP is investigating potential violations of federal and state laws by certain officers and directors of Under Armour, Inc. (NYSE: UAA), (NYSE: UA).
On January 31, 2017, prior to the opening of the market, Under Armour reported weaker-than-expected fourth-quarter earnings and said CFO Chip Molloy will step down. On the news, shares plummeted 28% in pre-market trading.
If you have information that could assist in this investigation, including past employees and others, or if you are an Under Armour shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
Facebook, Inc.
Shareholder Rights Law Firm Johnson & Weaver, LLP announces the filing of a class action lawsuit on behalf of purchasers of Facebook, Inc. (NASDAQ: FB) from May 5, 2014, through December 9, 2016, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Facebook investors under the federal securities laws.
According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) Facebook's metrics to calculate the average time users spent watching videos was overestimated by between 60% and 80%; (2) Facebook provided inaccurate statistics to advertisers regarding the amount of activity their ads received on the Website; and (3) as a result, the Defendants' public statements were materially false and misleading at all relevant times. When the factual details entered the market, the lawsuit claims that investors suffered damages.
If you wish to serve as a lead plaintiff, you must move the Court no later than March 28, 2017. If you wish to discuss this action, have any questions concerning this notice, or your rights or interests, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. Your ability to share in any recovery does not require that you serve as a lead plaintiff.
JPMorgan Chase & Co.
Shareholder Rights Law Firm Johnson & Weaver, LLP announces the filing of a class action lawsuit on behalf of participants in the JPMorgan Chase & Co. (NYSE: JPM) 401(k) Savings Plan (the "Plan"). The lawsuit seeks to recover damages for participants under the Employee Retirement Income Security Act of 1974.
According to the lawsuit, throughout the Class Period, participants in the Plan were charged excessive fees thereby lowering the participants' returns on investments and limiting the amount of funds available to them when they retire. The lawsuit alleges that those responsible for selecting investment options for the plan selected certain mutual funds that were high-cost and underperforming. This failure to adequately review the investment portfolio of the Plan led thousands of Plan participants to pay higher than necessary fees for both proprietary investment options and certain other options for years.
If you are a JPMorgan Chase employee who currently participates in the retirement plan, or if you are a former JPMorgan Chase employee that invested in the plan at any time since 2011, and are interested in learning more about the lawsuit or your legal rights and remedies, please contact Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.
Centrue Financial Corporation
Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Centrue Financial Corporation (NASDAQ: CFCB) breached their fiduciary duties in connection with the proposed acquisition of Centrue by Midland States Bancorp, Inc.
Under the terms of the agreement, holders of Centrue common stock will have the right to receive a fixed exchange ratio of 0.7604 shares of Midland common stock, a fixed consideration of $26.75 in cash, or a combination of cash and stock for each share of Centrue common stock they own, subject to proration.
The investigation concerns whether the Centrue board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Centrue shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration.
If you own shares of Centrue and purchased the stock before January 26, 2017, and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
[email protected]
SOURCE Johnson & Weaver, LLP
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