Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

Pomerantz Law Firm Investigates Claims On Behalf of Investors of Phoenix Tree Holdings Limited - DNK

share with twitter share with LinkedIn share with facebook
06/03/2020 | 05:41pm EDT

NEW YORK, June 03, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Phoenix Tree Holdings Limited (“Phoenix Tree” or the “Company”) (NYSE: DNK).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Phoenix Tree 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 or around January 22, 2020, Phoenix Tree conducted its initial public offering (“IPO”), selling 9.6 million American depositary shares (“ADSs”) priced at $13.50 per share.  Then, on March 25, 2020, Phoenix issued a press release announcing its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019, cautioning investors that the Company expected the COVID-19 pandemic to adversely affect its financial performance for the first quarter of 2020.  Since the IPO, the value of the Company’s ADSs has fallen 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.

Robert S. Willoughby
Pomerantz LLP
888-476-6529 ext. 9980

© GlobeNewswire 2020
share with twitter share with LinkedIn share with facebook
Latest news "Companies"
11:03aEXCLUSIVE : Italy pushes to end stalemate over single broadband network - source
11:01aREAL GOOD FOOD : My Keto Lifestyle™ Has Added Low Carb, Keto-Friendly Ice Cream to It's Product Line
11:01aELECTRONIC ARTS : EA SPORTS UFC 4 Officially Revealed With UFC Middleweight Champion Israel Adesanya and UFC Welterweight Jorge Masvidal as Cover Athletes
11:00aItaly pushes to end stalemate over single broadband network - source
10:38aEXCLUSIVE : India asks court to stymie potential challenge to Chinese app ban
10:31aFlorida Community Associations Must Take Immediate Action to Preserve Hurricane Irma Property Damage Claims
10:21aCBL Eases Liquidity Challenges - Secures Additional LRD 4 - Billion
10:21aMETALFRIO : Notice to the Market - Acquisition of Assets365 *
10:06aTULLOW OIL : Shareholders Set to Approve Sale of Assets to Total
09:57aSEYLAN BANK : Banks hosts virtual AGM
Latest news "Companies"