Today's Date: February 8, 2023
Demand for Breastfeeding Support Drives Growth of Nest Collaborative Telehealth Platform   •   Optii announces sponsorship of International Hotel Technology Forum   •   Orion Talent Partners with U.S. Department of Labor to Support Military Transitioning Service Members, Spouses   •   Lyniate Earns Best in KLAS® Distinction for Integration Engine Category with Overall Scores of 95.7 and 92   •   For the Second Consecutive Year, QGenda Ranked Best in KLAS for Physician Scheduling and Nurse Scheduling   •   VISTA Staffing Solutions Wins ClearlyRated’s 2023 Best of Staffing Award for Service Excellence   •   50PROTESTS50STATES.COM Announces Protest in Salt Lake City, Utah   •   Pegasus Residential Names Julia Watson to Senior Vice President   •   New Preeclampsia Research Funded to Investigate Genetic Targets to Develop Potential Therapeutics   •   Curio Bioscience Launches Industry’s First Unbiased, High-Resolution, Spatial Transcriptomics Solution   •   SAMARITAN'S PURSE TO DEPLOY AN EMERGENCY FIELD HOSPITAL AND CRITICAL AID TO TURKEY AFTER DEVASTATING EARTHQUAKES   •   Compass Community Living’s CEO, Dan Natterman, is paving the way toward a new frontier of outsourcing partnerships in seni   •   The City of Chicago Announces New Pilot to Improve Food Access for Chicago Residents with Disabilities   •   McClow, Clark, and Berk, PA Radiology Services Selects Healthcare Administrative Partners as Full-Service Revenue Cycle Manageme   •   Dr. Reddy’s included in Bloomberg Gender-Equality Index for the 6th year in a row and S&P Global’s Sustainabilit   •   Pediatric Investigation Review Throws Light on Improving Diagnosis of Genetic Diseases with RNA Sequencing   •   EnPlusOne Biosciences Expands Scientific Advisory Board   •   CAROL'S DAUGHTER ANNOUNCES BORN TO REPAIR (& MADE TO CARE): BREAKTHROUGH RANGE OF PH BALANCING FORMULAS INSTANTLY HELPS REPA   •   Gradiant Acquires Advanced Watertek to Expand Manufacturing Capabilities and Fuel Middle East Growth   •   Kids And Kidults Flock to the New Crazy Aaron's "Crazy Creator" Experience at the World-Famous FAO Schwarz in NYC
Bookmark and Share

SCHMITT DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sch

NEW YORK , December 10 /Businesswire/ - Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Schmitt Industries, Inc. (“Schmitt” or the “Company”) (NASDAQ: SMIT) on behalf of all persons and entities who purchased or otherwise acquired Schmitt securities between September 1, 2020 and September 20, 2022, both dates inclusive (the “Class Period”). Investors have until December 12, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On September 20, 2022, after the market closed, Schmitt announced that its previous financial statements “should no longer be relied upon” and would require restating, estimating that “the errors were cumulatively material, resulting in an understatement of $330,203 in expenses for the first three quarters of the fiscal year.

On this news, Schmitt stock fell $0.68, or 17.9%, to close at $3.12 per share on September 21, 2022, hurting investors.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Schmitt Industries continuously downplayed its serious issues with internal controls; (2) Schmitt Industries’ financial statements from August 31, 2021, to the present included “certain errors”; (3) as a result, Schmitt Industries would need to restate its previously filed financial statements for certain periods; and (4) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Schmitt shares 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 or Melissa Fortunato 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.


STORY TAGS: Lawsuit, United States, North America, Class Action Lawsuit, Professional Services, Legal, New York,

Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News