*please email fletcher@fmoorelaw.com
NEW YORK, April 25, 2024 /PRNewswire/ -- CarLotz, Inc.
(NASDAQ: LOTZ) Accused of Misleading Investors
On March 29, 2024, the defendants'
motion to dismiss in the pending securities class action against
CarLotz, Inc. was denied in part, paving the way for litigation to
proceed. Moore Law is investigating possible breaches of fiduciary
duties and other violations of law.
Endeavor Group Holdings, Inc. (NYSE: EDR) Accused of
Unfair Proposed Transaction
The investigation concerns the acquisition of Endeavor Group
Holdings, Inc. by Silver Lake. On
April 2, 2024, Endeavor announced a
deal to be acquired by Silver Lake
in a take private transaction. According to the news release,
Endeavor's board of directors approved the merger agreement for
$27.50 per share in cash.
DocGo Inc. (NASDAQ: DCGO) Accused of Misleading
Investors
The investigation concerns materially false and misleading
statements that: (i) DocGo's executive hiring processes were
inadequate to fully review and vet the professional and academic
backgrounds of job candidates; (ii) the foregoing increased the
likelihood of disruptive executive turnover; (iii) and contrary to
its representations to investors, DocGo had overstated the efficacy
of its mobile health and medical transportation services, the very
services contemplated by the Relocation Contract.
Mercury Systems, Inc. (NASDAQ: MRCY) Accused of Misleading
Investors
The investigations concerns officers and/or directors misleading
investors to believe that their growth was organic by
misrepresenting several elements of Mercury's business, including
by hiding that Mercury had switched from "point-in-time" to
"long-term contracts" in order to improperly boost reported
revenues and that several of Mercury's projects were in significant
distress, including projects related to Mercury's acquisition of
Physical Optics Corporation.
Please contact Fletcher Moore by email at
fletcher@fmoorelaw.com or (212) 709-8245. Please
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SOURCE Moore Law PLLC