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INVESTOR ALERT: Faruqi & Faruqi LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In FCHS, USX, T or ARA To Contact The Firm
INVESTOR ALERT: Faruqi & Faruqi LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In FCHS, USX, T or ARA To Contact The Firm.
About this update from First Choice Healthcare Solutions, Inc.
[{"type":"text","content":"\nNEW YORK, April 08, 2019 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, encourages investors in the following companies to contact the firm:\n Company: U.S. Xpress Enterprises, Inc. (NYSE:USX)Lead Plaintiff Deadline: May 10, 2019Class Period: pursuant and/or traceable to the Company’s June 2018 Initial Public Offering (“IPO”)Contact Us: www.faruqilaw.com/USX The case, Smith v. U.S. Xpress Enterprises, Inc. et al., No. 19-cv-00078, has been filed in the United States District Court for the Eastern District of Tennessee against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) a shortage of trucks was negatively impacting U.S. Xpress’s dedicated division; (2) certain shipping patterns had been performing differently than expected, negatively impacting utilization and driver retention and hiring, as well as U.S. Xpress’s dedicated accounts; (3) consequently, U.S. Xpress’s OTR division was providing continued support to its dedicated division; (4) U.S. Xpress failed to stay informed regarding two large liability events, resulting in an understatement of insurance claim expense; and (5) U.S. Xpress’s cost per mile for driver wages and independent contractors was exceeding the company’s internal expectations. When the true details entered the market, the lawsuit claims that investors suffered damages. The case has been assigned to Judge Harry S. Mattice, Jr. Company: First Choice Healthcare Solutions, Inc. (OTC:FCHS)Lead Plaintiff Deadline: May 28, 2019Class Period: April 1, 2014 – November 14, 2018Contact Us: www.faruqilaw.com/FCHS The case, MAZ Partners LP v. First Choice Healthcare Solutions, Inc. et al., No. 6:19-cv-00619, has been filed in the United States District Court for the Middle District of Florida against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose their involvement in a pump and dump scheme that manipulated and artificially inflated the price of First Choice common stock, rendering certain of their public statements materially misleading. The c...