NEW YORK, March 17, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.
VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes (NASDAQGM: ZIV)
Class Period: June 30, 2017 – February 5, 2018
Lead Plaintiff Deadline: April 5, 2019
Join the action: https://www.zlk.com/pslra-1/velocityshares-daily-inverse-vix-medium-term-exchange-traded-notes-loss-form?wire=3
The filed complaint alleges that throughout the class period defendants made materially false or misleading statements relating to the risks of investing in ZIV including that: (i) the inverse ETNs was not appropriate for managing daily trading risks; (ii) Credit Suisse had designed the ZIV to fail under certain market conditions; (iii) Credit Suisse had offered and sold more inverse ETNs than the market could bear, which would enable Credit Suisse to cause the collapse of the inverse ETNs when the opportunity presented itself; and (iv) Credit Suisse could actively manipulate inverse ETNs by precipitating an acute liquidity event in volatility markets including markets for VIX futures.
To learn more about the VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes class action contact firstname.lastname@example.org.
Corcept Therapeutics Incorporated (NASDAQCM: CORT)
Class Period: August 2, 2017 – February 5, 2019
Lead Plaintiff Deadline: May 13, …