NEW YORK, April 23, 2020 /PRNewswire/ -- Moore Kuehn,
PLLC, a securities law firm located on Wall Street, is
investigating certain directors and officers for breaches of
fiduciary duties and other violations of law related to whether
these insiders caused their companies to make false and/or
misleading statements.
- Bed Bath & Beyond Inc. (NASDAQ: BBBY)
BBBY Officers and Directors made false and/or misleading
statements and/or failed to disclose that: (1) due to aggressive
disposition of inventory, the Company lacked sufficient inventory
in key categories to support holiday sales; (2) the Company's
internal control over inventory levels and financial reporting was
not effective; and (3) as a result of the foregoing, the Company
was likely to experience reduced sales.
- eHealth, Inc. (NASDAQ: EHTH)
eHealth Officers and Directors misrepresented and/or failed to
disclose that: (1) its highly aggressive accounting and
modeling assumptions; (2) its skyrocketing rate of member churn,
resulting from eHealth's pursuit of low quality, lossmaking
growth; and (3) its reliance on direct response television
advertising, which attracts an unprofitable, high churn
enrollee.
- Zoom Video Communications, Inc. (NASDAQ: ZM)
Zoom Officers and Directors officers and directors
misrepresented or failed to disclose that: (i) Zoom had inadequate
data privacy and security measures; (ii) contrary to Zoom's
assertions, the Company's video communications services was not
end-to-end- encrypted; (iii) as a result of all the foregoing,
users of Zoom's communications services were at increased risk of
having their personal information access by unauthorized parties,
including Facebook; and (iv) usage of the Company's video
communications services was foreseeably likely to decline when the
forgoing facts came to light.
If you own BBBY, EHTH, or ZM please contact Fletcher Moore, Esq. by email at
fmoore@moorekuehn.com or telephone at (212) 709-8245. There
is no cost or obligation to you. Moore Kuehn is a
New York-based law firm with
attorneys representing investors and consumers in class action
litigation involving securities law violations, financial fraud,
breaches of fiduciary duties, and other claims. For
additional information about Moore Kuehn, please go to
http://www.moorekuehn.com/practice/new-york-shareholder-derivative-litigation/
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Moore Kuehn, PLLC
Fletcher Moore, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
fmoore@moorekuehn.com
(212) 709-8245
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SOURCE Moore Kuehn, PLLC