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Friday, April 30, 2021

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Champignon Brands Inc. – SHRMF


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Champignon Brands Inc. (“Champignon” or the “Company”) (OTCMKTS: SHRMF).   Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Champignon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On February 17, 2021, Champignon announced that “the Company has determined to withdraw and refile its condensed interim consolidated financial statements and management’s discussion & analysis (‘MD&A’) for the three and six month periods ended March 31, 2020”.  The Company advised investors that “[f]or the three and six month periods ended March 31, 2020, the Company previously recognized intangible assets in connection with the acquisitions of Artisan Growers Ltd., Novo Formulations Ltd. and Tassili Life Sciences Corp. (the ‘Acquisitions’) that aggregated approximately $12 million,” but that subsequently “management determined that the financial statements needed to be restated to correct the accounting for the Acquisitions as the assets do not meet the definition of intangible assets for the purposes of international financial reporting standards and as result will be recorded as transaction costs in the Company’s statement of loss and comprehensive loss.”  The Company also announced that “it was determined that a shareholder and contracted consultant (the ‘Consultant’) of the Company was a related party with respect to the Acquisitions.” 

On this news, Champignon’s stock price fell roughly $0.08 per share, or 10.78% to close at $0.69 per share on February 17, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com



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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Canaan Inc. – CAN


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Canaan, Inc. (“Canaan” or the “Company”) (NASDAQ: CAN). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Canaan and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On April 12, 2021, before the opening of trading, Canaan issued a press release finally disclosing its actual 4Q20 and FY20 financial results for the period ended December 31, 2020, including a 93% year-over-year decrease in computing power sold and net revenues for the quarter. On this news, the market price of Canaan ADRs collapsed from their close of $18.67 per ADR on April 9, 2021 to close at $13.14 per ADR on April 12, 2021, a decline of nearly 30%, on unusually high volume of approximately 60 million ADRs trading, more than three times the average daily volume over the preceding ten trading days.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980



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DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Leidos Holdings, Inc. and Encourages Investors to Contact the Firm


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Leidos Holdings, Inc. (NYSE: LDOS) securities between May 4, 2020 and February 23, 2021, inclusive (the “Class Period”). Investors have until May 3, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On February 16, 2021, Spruce Point Capital Management LLC (“Spruce Point”) published a research report, alleging, among other things that “Leidos is potentially covering up at least $100m of fictitious sales, mischaracterizing $355 – $367m of international revenue.” The report also alleged that the Company was “concealing numerous product defects from investors, notably faulty explosive detection systems at airports and borders.”

On this news, the Company’s share price fell $2.58, or 2.4%, to close at $105.22 per share on February 16, 2021.

On February 23, 2021, Leidos announced its fourth quarter and full year 2020 financial results in a press release. Therein, the Company reported $89 million revenue related to the SD&A businesses for the fourth quarter, meaning that after two full quarters, the acquisition generated only $163 million in sales (or $326 million annualized), falling well short of projected $500 million sales. The Company expected cash flow of $850 million, well below analyst estimates of $1.083 billion.

On this news, the Company’s stock price fell $10.29, or 9.91%, to close at $93.51 per share on February 23, 2021.

On February 24, 2021, Spruce Point highlighted that Leidos had “materially expanded” the risk disclosures in its annual report for the year ended December 31, 2020. Spruce Point tweeted: “We believe it is validating all the major points of our report.”

On this news, the Company’s stock price fell $3.13, or 3.3%, to close at $90.38 per share on February 24, 2021.

The complaint, filed on March 4, 2021, alleges that throughout the Class Period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that the purported benefits of the Company’s acquisition of L3Harris’ Security Detection & Automation businesses were significantly overstated; (2) that Leidos’ products suffered from numerous product defects, including faulty explosive detection systems at airports, ports, and borders; (3) that, as a result of the foregoing, the Company’s financial results were significantly overstated; and (4) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased Leidos securities during the Class Period and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com



The post DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Leidos Holdings, Inc. and Encourages Investors to Contact the Firm appeared first on CaymanMama.com | News.



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DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Athenex, Inc. and Encourages Investors to Contact the Firm


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Western District of New York on behalf of investors that purchased Athenex, Inc. (NASDAQ: ATNX) common stock between August 7, 2019 and February 26, 2021, inclusive (the “Class Period”). Investors have until May 3, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On March 1, 2021, Athenex announced that the U.S. Food and Drug Administration (FDA) issued a complete response letter (CRL) for the company’s New Drug Application for oral paclitaxel plus encequidar for the treatment of metastatic breast cancer. In the CRL, the FDA cited safety risks to patients and uncertainty over the results of the primary endpoint of the objective response rate (ORR) which might have introduced unmeasured bias and influence on the blinded independent central review. The FDA further recommended that “Athenex conduct a new adequate and well-conducted clinical trial in a patient population with metastatic breast cancer representative of the population in the U.S.” The FDA also noted that additional risk mitigation strategies to improve toxicity would be required for this cancer treatment to be approved. 

On this news, shares of Athenex stock fell approximately 55% in one day, to close at $5.46 per share.

The complaint, filed on March 3, 2021, alleges that throughout the Class Period defendants made materially false and misleading statements regarding the Company’s business. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the data included in the Oral Paclitaxel plus Encequidar NDA presented a safety risk to patients in terms of an increase in neutropenia-related sequalae; (ii) the uncertainty over the results of the primary endpoint of objective response rate (ORR) at week 19 conducted by BICR; (iii) the BICR reconciliation and re-read process may have introduced unmeasured bias and influence on the BICR; (iv) that the Company’s Phase 3 study that was used to file the NDA was inadequate and not well-conducted in a patient population with metastatic breast cancer representative of the U.S. population, such that the FDA would recommended a new such clinical trial; (v) as a result, it was foreseeable that the FDA would not approve the Company’s NDA in its current form; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times. 

If you purchased Athenex common stock during the Class Period and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com



The post DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Athenex, Inc. and Encourages Investors to Contact the Firm appeared first on CaymanMama.com | News.



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SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS DOX, FGEN, GOEV, WKHS INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits


NEW ORLEANS, April 30, 2021 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending deadlines in the following securities class action lawsuits:

Workhorse Group, Inc. (WKHS)
Class Period: 7/7/2020 – 2/23/2021
Lead Plaintiff Motion Deadline: May 7, 2021
SECURITIES FRAUD
To learn more, visit https://ift.tt/30KC0a9

Canoo Inc. (GOEV, GOEVW)
Class Period: 8/18/2020 – 3/29/2021
Lead Plaintiff Motion Deadline: June 1, 2021
SECURITIES FRAUD
To learn more, visit https://ift.tt/3ddLPEA

Amdocs Limited (DOX)
Class Period: 12/13/2016 – 3/30/2021
Lead Plaintiff Motion Deadline: June 8, 2021
SECURITIES FRAUD
To learn more, visit https://ift.tt/3mIcMmD

FibroGen, Inc. (FGEN)
Class Period: 11/8/2019 – 4/6/2021
Lead Plaintiff Motion Deadline: June 11, 2021
SECURITIES FRAUD
To learn more, visit https://ift.tt/2QzMF5j

If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner, Lewis Kahn, toll-free at 1-877-515-1850, via email (Lewis.Kahn@KSFcounsel.com), or via the case links above.

If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.

About
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163



The post SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS DOX, FGEN, GOEV, WKHS INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits appeared first on CaymanMama.com | News.



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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Peloton Interactive, Inc. – PTON


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of  Peloton Interactive, Inc. (“Peloton” or the “Company”) (NASDAQ: PTON).  Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Peloton and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On April 17, 2021, the U.S. Consumer Product Safety Commission (“CPSC” or the “Commission”) issued a warning “about the danger of popular Peloton Tread+ exercise machine after multiple incidents of small children and a pet being injured beneath the machines,” stating that “[t]he Commission has found that the public health and safety requires this notice to warn the public quickly of the hazard.”  The CPSC’s warning advised that “[t]o date, CPSC is aware of 39 incidents including one death.” 

On this news, Peloton’s stock price fell $8.46 per share, or 7.28%, to close at $107.75 per share on April 19, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

 



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DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc. and Encourages Investors to Contact the Firm


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased Velodyne Lidar, Inc. (NASDAQ: VLDR) securities between July 2, 2020 and March 17, 2021, inclusive (the “Class Period”). Investors have until May 3, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On February 22, 2021, Velodyne announced that the Board had “removed David Hall as Chairman of the Board and terminated Marta Hall’s employment as Chief Marketing Officer of the Company” after the Audit Committee’s investigation “concluded that Mr. Hall and Ms. Hall each behaved inappropriately with regard to certain Board and Company processes, and failed to operate with respect, honesty, integrity, and candor in their dealings with Company officers and directors.” In addition, the Company announced that Velodyne’s Board formally censured Mr. Hall and Ms. Hall, but that they would remain directors of Velodyne.

On this news, Velodyne’s common stock fell $3.14, or approximately 15%, to close at $17.97 per share on February 22, 2021. Additionally, Velodyne’s warrants fell $1.47, or approximately 20%, to close at $5.90 per warrant on February 22, 2021.

The complaint, filed on March 2, 2021, alleges that throughout the Class Period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) that certain of Velodyne’s directors had failed to operate with respect, honesty, integrity, and candor in their dealings with the Company’s officers and directors; (2) that the Company was investigating the foregoing matters; and (3) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

If you purchased Velodyne securities during the Class Period and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com



The post DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Velodyne Lidar, Inc. and Encourages Investors to Contact the Firm appeared first on CaymanMama.com | News.



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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Canoo Inc., of Class Action Lawsuit and Upcoming Deadline – GOEV; GOEVW; HCAC; HCACW


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Canoo, Inc. (formerly known as Hennessy Capital Acquisition Corp. IV) (“Canoo” or the “Company”) (NASDAQ: GOEV; GOEVW; HCAC; HCACW) and certain of its officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 21-cv-03080, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired publicly-traded Canoo common stock and/or warrants from August 18, 2020, through and including March 29, 2021, (the “Class Period”), seeking to recover damages pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 U.S.C. §§78j(b) and 78t(a), and Rule 10b-5 promulgated thereunder (the “Class”).

If you are a shareholder who purchased Canoo common stock and/or warrants during the Class Period, you have until June 1, 2021 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

Canoo is a Delaware corporation and maintains its principal executive offices in 19951 Mariner Avenue, Torrance, California.  The Company was incorporated in Delaware on August 6, 2018 and conducted its initial public offering in March 2019. The Company was formed for the purpose of effecting a business combination with specific focus on businesses in the industrial, technology and infrastructure sectors. Such companies are referred to as “blank check” companies or special purpose acquisition companies (“SPACs”).  In December 2020, the Company entered into a business combination with Canoo Holdings Limited (the “Business Combination”).

The combined company purports to be a mobility technology company that develops electric vehicles (“EV”).  The Company’s common stock and warrants are listed on the NASDAQ under the ticker symbol “GOEV” and “GOEVW,” respectively.  Prior to December 22, 2020, the Company’s common stock and warrants traded under the symbols “HCAC” and “HCACW,” respectively.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.  Specifically, Defendants failed to disclose to investors: (i) the Company’s engineering services was not a viable business, would not provide meaningful revenue in 2021, and would not reduce operational risk; (ii) that the Company would no longer be focused on its subscription-based business model; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On March 29, 2021, after the market closed, Canoo issued a press release (“Q4 Release”) reporting its fourth quarter and full year 2020 results.  The Q4 Release removed the language touting its “unique business model” simply stating: “Canoo has developed breakthrough electric vehicles that are reinventing the automotive landscape with bold innovations in design and pioneering technologies.”  That same day, on an earnings call to discuss the Company’s fourth quarter and full year 2020 results, Canoo executives confirmed that the Company was radically changing its business model, and it was revealed that the Canoo’s CFO was being replaced.

In response to this news, shares of Canoo fell $2.50 (or $21.2%) from a March 29, 2021 close of $11.80 per share to close at $9.30 per share on March 30, 2021, on heavy volume.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980



The post SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Canoo Inc., of Class Action Lawsuit and Upcoming Deadline – GOEV; GOEVW; HCAC; HCACW appeared first on CaymanMama.com | News.



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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Arcimoto, Inc. – FUV


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors Arcimoto, Inc. (“Arcimoto” or the “Company”)(NASDAQ: FUV).   Such investors are advised to contact Robert S. Willoughby at  newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Arcimoto and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On March 23, 2021, Bonitas Research (“Bonitas”) published a short-seller report addressing Arcimoto.  In the report, Bonitas alleged that Arcimoto fabricated pre-orders to generate fake demand, only delivered on 19 of the 422 alleged pre-orders since 2018, sold 13 of these 19 pre-orders to an undisclosed related party, and failed to notify customers that Arcimoto had filed a total production recall notice with the the National Highway Traffic Safety Administration. 

Following publication of the Bonitas report, Arcimoto’s stock price fell $1.10 per share, or approximately 6.56%, to close at $15.67 on March 23, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980



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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Leidos Holdings, Inc. – LDOS


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Leidos Holdings, Inc. (“Leidos” or the “Company”) (NYSE: LDOS).   Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Leidos and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

In May 2020, Leidos acquired the Security Detection and Automation (“SD&A”) business of L3 Harris Technologies for $1 billion, representing to Company investors that the highly leveraged deal would help Leidos achieve double-digit growth, 15% margins, $500 million in revenues, and boost international sales.  Then, on February 16, 2021, Spruce Point Capital Management (“Spruce Point”) published a report concluding that Leidos had “wasted” $1 billion on the SD&A acquisition.  The Spruce Point report alleges that Leidos is “potentially covering up at least $100m of fictitious sales, mischaracterizing $355 – $367m of international revenue” and that also “concealing numerous product defects from investors, including faulty explosive detection systems at airports, ports and borders.”  The Spruce Point report further asserts that the Company’s management may be intentionally inflating certain of Leidos’ financial metrics, including operating cash flow and organic sales growth, to obscure strains from investors.  For the foregoing reasons, among others, Spruce Point “an immediate Board investigation into the SD&A transaction and the dismissal of CEO [Roger A.] Krone and CFO [James C.] Reagan.”  Following publication of the Spruce Point report, Leidos’s stock price fell sharply, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

 



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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Romeo Power, Inc. – RMO


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Romeo Power, Inc. (“Romeo” or the “Company”) (NYSE: RMO). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Romeo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On March 30, 2021, Romeo issued a press release announcing its financial and operating results for the fourth quarter of 2020. With respect to its 2021 outlook, citing “supply constraints” and “the significant shortfall in battery cell capacity industrywide,” Romeo advised investors that is “now expects its revenue for 2021 to be in the range of $18-40 million”—significantly lower than analyst expectations. 

On this news, Romeo’s stock price fell $2.04 per share, or 19.67%, to close at $8.33 per share on March 31, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980



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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors Franklin Wireless Corporation – FKWL


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Franklin Wireless Corporation (“Franklin Wireless” or the “Company”) (NASDAQ: FKWL). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Franklin Wireless and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On April 9, 2021, Franklin Wireless issued a press release announcing that the Company “has been notified that Verizon Wireless has issued a voluntary recall of its Jetpack Hotspot devices imported by Franklin.” Verizon Wireless’s recall was prompted by reports of the lithium-ion batteries in the devices overheating, posing a fire hazard. 

On this news, Franklin Wireless’s stock price fell $4.07 per share, or 23.49%, to close at $13.26 per share on April 9, 2021.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980



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ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages FibroGen, Inc. Investors with Losses to Secure Counsel Before Important Deadline – FGEN


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of FibroGen, Inc. (NASDAQ: FGEN) between November 8, 2019 and April 6, 2021, inclusive (the “Class Period”), of the important June 11, 2021 lead plaintiff deadline.

SO WHAT: If you purchased FibroGen securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the FibroGen class action, go to https://ift.tt/3tsKBe3 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 11, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuits, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company’s prior disclosures of U.S. primary cardiovascular safety analyses from the roxadustat Phase 3 program for the treatment of anemia certain safety analyses submitted in connection with chronic kidney disease (“CKD”) included post-hoc changes to the stratification factors; (2) FibroGen’s analyses with the pre-specified stratification factors result in higher hazard ratios (point estimates of relative risk) and 95% confidence intervals; (3) based on these analyses the Company could not conclude that roxadustat reduces the risk of (or is superior to) MACE+ in dialysis, and MACE and MACE+ in incident dialysis compared to epoetin-alfa; (4) as a result, the Company faced significant uncertainty that its New Drug Application (“NDA”) for roxadustat as a treatment for anemia of CKD would be approved by the FDA; and (5) as a result of the foregoing, defendants’ statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the FibroGen class action, go to https://ift.tt/3tsKBe3 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://ift.tt/2fqs2lt, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://ift.tt/34B4cg0.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com





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Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Filed Against Pinterest, Inc. – PINS


RADNOR, Pa., April 30, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Northern District of California against Pinterest, Inc. (NYSE: PINS) (“Pinterest”) on behalf of those who purchased or acquired Pinterest securities between February 4, 2021 and April 27, 2021, inclusive (the “Class Period”).

Investor Deadline Reminder: Investors who purchased or acquired Pinterest securities during the Class Period may, no later than June 28, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at info@ktmc.com; or click https://ift.tt/3xFiCdC

Pinterest operates a platform that provides inspiration for its users’ lives. Monthly active users (“MAUs”) are the number of Pinterest users who interact with Pinterest at least once during the 30-day period ending on the date of measurement.

The Class Period commences on February 4, 2021, when Pinterest announced its fourth quarter and full year 2020 financial results in a press release. Throughout the Class Period, the defendants touted its user engagement and growth.

However, the truth was revealed on April 27, 2021 when, after the market closed, Pinterest announced its first quarter 2021 financial results and reported that global monthly active users grew only 30% year-over-year to 478 million, a decline from the prior quarter’s 37% year-over-year growth. Pinterest further announced that, “[i]n Q2, we expect global MAUs to grow in the mid-teens and US MAUs to be around flat on a year-over-year percentage basis.”

Following this news, Pinterest’s share price fell $11.25, or 14.5%, to close at $66.33 per share on April 28, 2021.

The complaint alleges that throughout the Class Period, the defendants failed to disclose to investors that: (1) user growth was already slowing; (2) as a result, Pinterest expected user engagement to slow in the second quarter of 2021; and (3) as a result of the foregoing, the defendants’ positive statements about Pinterest’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Pinterest investors may, no later than June 28, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member.  A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
info@ktmc.com



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ROSEN, A LEADING AND LONGSTANDING FIRM, Encourages Franklin Wireless Corp. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline – FKWL


NEW YORK, April 30, 2021 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Franklin Wireless Corp. (NASDAQ: FKWL) between September 17, 2020 through April 8, 2021, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 15, 2021.

SO WHAT: If you purchased Franklin securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Franklin class action, go to https://ift.tt/3e5COh2 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 15, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuits, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Franklin’s hotspot devices suffered from battery issues, including overheating, thereby presenting a fire hazard; (2) as a result, it was reasonably likely that the Company’s customers would recall Franklin’s devices; (3) as a result, Franklin would suffer reputational harm; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Franklin class action, go to https://ift.tt/3e5COh2 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://ift.tt/2fqs2lt, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://ift.tt/34B4cg0.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        lrosen@rosenlegal.com
        pkim@rosenlegal.com
        cases@rosenlegal.com
        www.rosenlegal.com





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Skyline Drone Review: Is Skyline X Drone worth my money? By Apex Reviews



New York, NY, United States, 04/30/2021 / SubmitMyPR /

As someone who wants to find a portable and quality drone that won’t be looking like a giant camera from the 1970s, checking out the Skyline Drone isn’t a bad idea. It’s specifications, features, pros, and price are all breath-taking

Nothing else would occupy the mind of someone who loves aerial shots of natural landscapes, landmarks, houses, and animals, then how to probably capture them with the best available device. However, the person is often restricted on how to achieve this quest! Regular cameras do not give the best when it comes to such quests.

In truth, shots taken from a height where the light is perfectly captured by the lens and makes the whole picture clear are particularly stunning to look at. But how can someone take those pictures from above if they don’t have their own plane to take them up there?

That is the actual reason why Drones have been invented. They are small planes to which someone can easily mount their smartphone or small camera and enable it to fly above the desired altitudes. This way, someone can take amazing HD photos from above without having to get out of their seat.

However, being a photographer with decent quality and a powerful drone has never been easy. This is because, in the digital and even offline markets, there are often crappy toys that look like giant cameras from the 1970’s and are expensive. But a new drone invention has come to make everyone leap for joy. It’s the Skyline X Drone. Photographers will be amazed how such a durable, lightweight, stylish, and high-performing device can be had for such a low price.

Go through this skyline drone review article to know more about this trending drone, its features, pros, cons, and why exactly it is trending in the United States, United Kingdom, Canada, Australia, and a host of other countries.

What is Skyline Drone?

If someone is looking for a way to capture crisp, high-quality aerial shots with a lightweight, easy-to-control drone, the Skyline X Drone is a good fit, assuming it lives up to its lofty advertising claims.

The Skyline X Drone is a first-class drone that is guaranteed to make a photographer leaps for joy. This newly developed drone will assist anyone in capturing the best high-angle shots at the most affordable price.

This superb drone is small and safe enough to be flown indoors through tight spaces like windows and doorways. Its altitude holding feature helps it to easily go through toilets, entryways, and walk-in closets while recording 4K HD videos in a smooth and stable shot.

The Skyline X Drone is well-made with a sleek design and is easy to operate. Furthermore, it is within the budgetary expectations of almost everyone in need of a decent drone, plus it yields high-quality shots and video footage.

It’s foldable and compact, so you can comfortably cart it around and use its wide-angle lens to capture crystal clear 360-degree 4K HD images and videos.

This drone can help the user in capturing a video of a stunning sunrise on a mountain or a sunset on a beach. It’s also fast enough to capture things like cars, sports, and pets for users to post on their social media platforms like Facebook, Twitter, WhatsApp, etc.

Specifications Of the Skyline X Drone

● 720P High-Resolution Camera

● 3.7V 500MAH Lipo Battery

● Flying time: 7-9mins

● 500mAh Capacity

● Voltage: 3.7V

● Splash-proof, Durable, Compact, Semi-hard material.

● 4K Camera

● Altitude Holding

● Edit Video option

● Trajectory Flight

● Longer Battery Life

● APP Control

Features Of Skyline X Drone

Strong and Durable: The Skyline X Drone is a strong and long-lasting product. Because of the drone’s sturdy plastic cover, it can be dropped or smashed without causing any harm. The user can take it outside or on long trips without having to worry about it being broken up in their pocket.

Portable and Foldable: The Skyline Drone is thin, lightweight, and foldable, weighing just about a pound. Fold the motors in and carry them in your backpack or bag with you everywhere you go. It will fit into any carry-on bag and will not take up much space as most of the drones in the market.

Ideal for travel: As someone who is planning either their first or just regular holiday, if the city’s laws permit drones to be brought along because they are classified as a “personal electronic device,” similar to phones, laptops, and other cameras, then, the Skyline X Drone is best in that regard. It is perfect for travelers (whether tourists or not) who would like taking pictures and making videos of the place they visited.

Long Battery Life: According to the advertising claims, the Skyline X Drone has an extended battery life which allows the user to fly the device for up to 60 minutes. This extended battery life allows the user to capture some amazing videos. It is such a good opportunity because many acclaimed, high-quality drones in the market doesn’t last up to 30 minutes. The Skyline X Drone is leading in this line.

4K Full HD 5G WiFi 12 Megapixel Camera: Because of its 5G WiFi high-speed connection, the user will be able to view real-time footage and shoot professional-quality 4K video on their first flight. Users do not need to be anxious about their connection.

Up to 3,000 Foot Range: With a range of over 3,000 feet, users can not only take stunning images from angles they never thought possible, but their entire view of the world can change with the videos they make. Everything is possible with this particular drone specially engineered to give users the best video and photo-taking experience!

Panoramic Shots: Uses of the Skyline X Drone can get 360-degree panoramic shots with a wide flight path set and wide lens.

6 Axis Self-Stabilization: This drone captures smooth and crisp video footage and removes distorted images on any flight. How does it do it? Someone might ask! This drone can do so because it is equipped with automatic self-stabilization technology.

Slo-mo Mode: Slow motion video is a game-changing Skyline X Drone feature that allows the user to capture immersive footage of moving objects and unlocks an unlimited array of potential for their videos. Every video looks cooler in slow-motion!

Simple to use: There are no complications of any sort in handling and controlling the drone. Users are simply going to attach the drone to their controller, and their drone is ready to fly.

Benefits of the Skyline X Drone

The Drone is easy to fly and Control: The Skyline X Drone has all of the features that professionals require, but it’s still very easy to fly and control, even for complete beginners.

It is faster and goes further than most high-end drones: The Skyline X Drone is the fastest drone of its size, capable of speeds of up to 19 meters per second and a transmission range of up to 4 kilometers.

It allows the user to shoot like a professional: The Skyline X Drone has an in-built pre-programmed camera, such as the boomerang and asteroid, allowing even the most inexperienced user to capture professional-quality footage with the touch of a button.

It is portable and lightweight with Foldable and Flexible Blades: This drone is lightweight and compact thanks to its foldable and flexible blades. It doesn’t take up much space, weighs very little, and can be stored almost anywhere.

Users enjoy only HD photos and video: Enjoy spectacular 4K Ultra HD image and video clarity, deep contrast, and vibrant colors. Every ultra-high-definition moment is filled with breathtaking elegance.

It has a long-lasting battery for increased flying time: The battery capacity has been increased, allowing you to capture up to 60 minutes of video before needing to be recharged.

Easy flight with the gravity sensor: Electronic image stabilization and the altitude holding function enable even the most inexperienced user to film and fly like experts right away.

Are There Any Special Benefits of Buying the Skyline X Drone?

Of course, yes! The social media value is incredible. If someone is looking for a way to:

● Boost their social media activity on a personal level.

● Boost their social media profile as a professional.

● Make memorable holiday videos and pictures with their mates.

● Take videos of themselves doing extreme sports.

● Make some insanely cool car scenes.

● Have pictures or videos of something enjoyable with some children

● Be more inventive and imaginative with your photo-taking and recording skills.

Particularly if someone wants to boost their personal or professional social media profile and have to catch people’s attention with incredible photos and videos to stand out in crowded news feeds, having the Skyline Drone will help the person to achieve these feats with ease. The advanced features of the Skyline X Drone combined with simple handling helps to produce amazingly crisp and smooth videos that instantly elevate the user’s online presence to the next level.

Many of the favorite social media influencers in the world today pull it off through being in possession of drones that may not even be as good as the Skyline drone. That is one of their secrets because they will not always be with their friends whenever they need to take certain photos and records.

The person can always take breathtaking drone shots of dream vacations and major sporting events and post them on Instagram, Facebook, Twitter, etc. Owing to the clarity of such shots, viewers will always think they were taken by high-tech drones costing thousands of dollars. How could they figure out the actual amount?

However, many of those impressive shots are captured with pocket drones that cost less than one hundred dollars, just like the Skyline X Drone, which has been described as the best of the best. It’s real! It is one mini-drone that is ranked best-in-class, not just because the learning curve is low and the 4K video quality is amazing, but also because it is built with the toughest materials available, making it extremely robust.

<Click here now to get your own Skyline Drone directly from the official website>

Pros and Cons of the Skyline X Drone

Pros (Skyline Drone Review)

Portable: Drones are often thought of as large, complex, and heavy devices that resemble a giant flying camera by those who have never used one. This Skyline X Drone is an outlier, as shown by its nature and scale. It has a sleek, lightweight design that will impress everyone, as well as a fashionable look that users can flaunt everywhere they go. This drone is just as tough as they come with a tough exterior.

Stable and Convenient Flight Speed: Many people are suspicious about flight speed, and it is a source of concern in many drones. However, the Skyline X Drone has a speed that is both convenient and secure, covering a large area so that you can concentrate on catching the stunning views rather than worrying about the speed. This also means that users have absolute control over the drone’s speed and maneuverability.

Longer Flight Time: The Skyline X Drone has a longer flight time. It has a transmission range of up to 2 kilometers and can cover 12 meters per second. It has a long battery life, which adds to the benefit of the flight time. This provides users with a secure period during which they can embark on their delightful capturing journey with this beautiful device until they have recharged to full capacity.

All Weather Flight: The skyline drone’s flight stability is so strong that it can be flown safely and precisely in any season, no matter how bad the weather is. As a result, users will put their concerns aside and concentrate solely on their enjoyable art of flying and recording.

Capture Broad Angles with Ease: While it was once thought that capturing wider angles demanded the use of a specialized, heavy drone, but now, times have drastically changed. Now, a drone as small as the Skyline X Drone can not only catch a variety of large angles and aerial shots with ease, but it can also save the users money so they can get all of their desired shots from whatever angle they want.

Three Flight Speeds to Choose from: Since the skyline X Drone is so well made, the consumer has full control over it. Depending on what they are capturing, the user may choose which speed they want to fly at. This feature allows users to take their time when recording or taking pictures for precision and ensures that they do not miss anything important.

Absolute Device Control, no faulty remote: For all those drone enthusiasts out there, the ability to control the Skyline X Drone is definitely a big plus. It comes with remote control with two sticks and important buttons to allow for controlled and worry-free steering when using it. A smartphone can also be used to control the Skyline X Drone. Its built-in Wi-Fi enables it to be controlled through an app that any smartphone user can install and understand with ease.

Different Modes For Perfect Output: The Skyline X Drone has a variety of flight and shooting/recording modes. It also comes with a user guide/manual that will walk users through how to use each mode step by step. The Altitude Hold Mode is a very useful and important mode. The drone’s position and height can be locked in this mode, after which the drone hovers in that spot and takes amazing photos, and records HD videos.

Gravity Sensor for Obstacle Detection: Thanks to its powerful gravity sensors, the Skyline X Drone can detect the presence of objects on the ground, just as it can detect obstacles during flight. Not only that, but the drone even alters its flight path in the event of a collision. Isn’t it, in fact, the best so far?

Cons (Skyline Drone Review)

Limited Stock: The manufacturer said that the increased demand for Skyline X Drone means that the current supply will soon be depleted.

It’s an online product: This product does not have offline retail or a wholesale store. The manufacturer has yet to license any type of offline transaction. Be cautious about where you buy and who you buy from.

The discount is only available for a limited time: Buyers must process their payment as soon as possible after visiting the website and claiming their discounts.

Why is the Skyline Drone so Special and Popular?

Many people might want to know why this newly developed drone has become so extraordinary and trendy within such a short period of time? In reality, this review won’t be complete if such issues aren’t addressed.

One such reason the Skyline Drone is already popular is that the manufacturer used better technology in designing the device. Since the drone is constructed with the toughest materials available, this means it can take a few knocks and still perform flawlessly every time.

It is a known fact that other drones of this scale used to take hours to charge and ran out of power quickly; their battery would normally run out of power in less than twenty minutes if the user had charged the drone all night.

However, with the Skyline Drone, users have plenty of time to film and take pictures of everything they need to produce a visual masterpiece. Just on one flight, users can enjoy a long time of recording and picture-taking. Thanks to the extended battery life of the Skyline X Drone, which allows users to capture up to 60 minutes of video on a single charge. Every user is assured of having almost an hour of flight time from a single charge, in addition to ultra-crisp 4K video resolution.

Another reason the Skyline Drone has gradually taken over the mini-drone market is because of its advanced GPS feature. This feature allows it to monitor the controller’s position and return to the user quickly when the signal is weak, or the battery is low, minimizing the chance of losing it if it flies out of range or runs out of battery. Isn’t this truly extraordinary?

Also, the Skyline X Drone comes with a small carrying case, and connecting to the controller takes just a few seconds before it’s ready to go. Unlike most brands that are very hard to connect with the controller, giving the user an unnecessary headache.

What’s more?

If the user is at home, the Skyline X Drone makes it easy for them to take selfies and record videos. Users don’t have to be stuck to their controller or ask someone else to film them if they use the Follow Me feature. Now every drone enthusiast can easily film themselves while making their videos appear as if they have their own personal, professional film crew following them around.

How Does The Skyline Drone Work?

The Skyline Drone has a direct architecture that is simple to run. The Skyline X Drone kit includes a comprehensive user manual with step-by-step instructions for assembling and operating the drone.

To fly the Skyline Drone, the user can use either the remote control system or their smartphone if they have connected them. The drone will take off once the user presses the button on the remote or chooses the appropriate option on their phone screen.

Users can monitor the range of flight of the skyline drone after it has been released into the air by using the options on the settings bar. They may also change the height to fit their demands. The drone will fly up to 70 to 80 meters in the air.

Users can get live updates on the location of the skyline x drone and any other obstacles encountered during the flight by connecting it to their smart device. They can monitor the trajectory of the skyline drone by monitoring its position with the help of their smartphone.

The Skyline Drone’s adaptable nature allows it to fly through a variety of environments, regardless of how challenging the conditions are. Its high wind resistance allows for a smooth and easy flight through the air. It can easily navigate congested and tight spaces where normal movement is limited. The Skyline X Drone’s sleek, lightweight architecture allows the user to scale incredible heights and catch the essence of the world from above.

The Skyline X drone’s complete kit includes four propeller blades that can fly quickly across the sky. The screwdriver included in the skyline drone package can be used to fix the blades. The drone will be ready to fly once the blades have been fixed, and the user will be able to take scenic pictures with it. The drone’s high-definition wide-angle camera will catch a 360-degree image, giving users the best panoramic images they have ever seen! The drone’s 12-megapixel camera ensures that the image quality is unaffected.

The skyline x drone’s various built-in features ensure highly successful performance with top-notch video and image quality. The drone can be flown for up to 20 minutes, allowing you to capture the beauty of unexpected locations. When compared to other similar drone cameras on the market, the flying time is impressive.

How and Where Does One Buy the Skyline Drone?

The Skyline Drone is expected to be bought only on the official website of the maker. Individuals who wish to have this portable and powerful drone should visit the manufacturer’s official website to process their payments with either their debit card like Mastercard, Visa Card, etc., or PayPal account.

No other website store has been given the authorization to market this drone. This means that if someone has been directed to buy the Skyline X Drone somewhere else, that’s likely fishy and not to be trusted.

Pricing of Skyline X Drone

With all of the features the Skyline X has, users would expect it to cost between $400 and $700, so everyone will be surprised to learn It costs just $99.99, which is less than half the price of the more well-known brands, and it has even more features. This price changes depending on what the customer wants as there are more inclusive options for new customers.

Buy 1 Drone @ $99.99 instead of $149.90 (Good Deal Package)

What comes with the package include:

● 1 Skyline X Quadcopter Drone

● 1 x Transmitter/Controller

● 1 x Rechargeable Drone Battery

● Charging Cable

● User Manual

Buy 2 + Get 1 Free @ $197 instead of $295.00 Most Popular Package

What comes with the package include:

● 3 Skyline X Quadcopter Drones

● 3 x Transmitter/Controllers

● 3 x Rechargeable Drone Batteries

● 3 Charging Cables

● 3 User Manuals

Buy 3 + Get 2 Free @ $297 instead of $493.00 (Best Seller Package)

What comes with the package include:

● 5 Skyline X Quadcopter Drones

● 5 x Transmitter/Controllers

● 5 x Rechargeable Drone Batteries

● 5 Charging Cables

● 5 User Manuals

<Click here to buy your own Skyline drone directly from the official website of the manufacturer>

Customer’s Review of Skyline Drone

Here are what drone enthusiasts have to say about Skyline X Drone. These opinions are absolutely positive and encouraging.

“I love going to the beach at sunrise and sunset with this thing. It really provides a bird’s eye view of the entire ocean. You get a true sense of what they’re going through. When the people are far enough out over the sea, they appear as little dots walking along the water. The light bounces crystal clear off the water. The 4K HD is fantastic.” – (Dale B. | San Diego, CA)

“One Saturday, we were at home watching football, and I was looking for something different and exciting to do with the kids. That’s when I came across a Skyline X video. For three minutes, I was mesmerized by some of the most stunning colors and cinematic nature images I’d ever seen. The crisp 4K video quality and how fast it seemed to fly were two aspects that drew my attention. They are, as it turns out, and they are also a lot of fun! And, just like the video I saw, the video quality is crisp and vivid!” -(Mario L. | Joliet, IL)

“This is my first drone, and it’s something I’ve wanted to do for a long time, and I’m really enjoying it.’ Every day you become more at ease, and it doesn’t take long to figure out how to get the exact angles you want in your videos.” – (Justin W. | New York, NY)

“I wanted to film my son’s bike races with a drone, but everything I found in the store was just too large and costly. My wife tagged me in a Skyline X Facebook post one day, and I’m glad she did. This is fantastic. It’s simple to fly, and the video quality is excellent.” -(Steve R.)

“I bought this drone to give it a try before investing in a more costly one. I’ve only had it for five days, but I already feel like an expert! I’m still amazed at how fine the videos are for such a low price. Every time I use it, I’m blown away.” –(Randy L.)

“Turning it on for the first time is thrilling. The whizzing of the blades makes you anxious the first time you hear it, but the learning curve is short, and you quickly get used to it. Even for beginners, the attitude keeping function aids in the development of extremely smooth aerial images.” –(Scot P.)

“This is without a doubt my favorite drone. I have a few others, but this one consistently delivers. Automatic image stabilization is my favorite function. It’s suitable for both novice and seasoned pilots. ‘Strongly suggested.” – (Lisa S. | Breckenridge, CO)

Final Verdict of Skyline Drone Review

Make no mistake because lots of ads will be going one for “mini-drones,” but none can definitely compare to the Skyline X Drone’s ease of use, reliability, and video quality. As expected, there are some flimsy knockoffs circulating on the market that don’t have the same 4K experience as a genuine Skyline Drone. Do not be fooled by their high-quality marketing strategies.

Someone who loves quality drones will be incredibly impressed with the quality of the Skyline Drone. It’s easy for beginners of all ages to figure out, with fantastic picture quality and stable video regardless of wind gusts or pilot error. The battery life so far has proven to be wonderful as well.

When it comes to aerial video, pretty much everything you can think of, the Skyline Drone has a 3,000-foot range, a follow-me feature, a long flight time, and 4K HD video capability, among other features.

Users no longer need to worry themselves about the technique behind high-angle shots in near-perfect films. The skyline drone will assist anyone in capturing high-resolution wide-angle shots in their chosen venue. It’s a low-cost, advanced drone camera that’s easy to find on the internet. The Skyline Drone will dispel any misconceptions someone may have about costly film equipment and cameras. Interested individuals can easily purchase a Skyline Drone without having to close their bank account.

The Skyline Drone’s markers have taken note of the knockoffs on the market and have provided every drone enthusiast with a special connection to their official website. Everyone will definitely be impressed with how tough this drone is and feel that it’s a good buy!

<Click here now to buy Skyline X Drone directly from the official website of the manufacturer>

Contact Details: Skyline X Drone

[email protected]

855-399-4452

SkylineXDrone.com

2 N Tamiami Trl #708 Sarasota, FL 34236 USA

About Apex Reviews:

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The information does not constitute advice or an offer to buy. Any purchase made from the above press release is made at your own risk. Consult an expert advisor/health professional before any such purchase. Any purchase made from this link is subject to the final terms and conditions of the website’s selling mentioned in the source. The content publisher and its downstream distribution partners do not take any responsibility directly or indirectly. If you have any complaints or copyright issues related to this article, kindly contact the company this news is about.

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Original Source of the original story >> Skyline Drone Review: Is Skyline X Drone worth my money? By Apex Reviews

Updated: April 20th, 2021

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