September 27, 2020

CLASS ACTION UPDATE for VEL, BLNK and COTY: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

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September 16, 2020 (ACCESSWIRE via COMTEX) —
NEW YORK, NY / ACCESSWIRE / September 16, 2020 / 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. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

VEL Shareholders Click Here: https://www.zlk.com/pslra-1/velocity-financial-inc-loss-submission-form?prid=9313&wire=1BLNK Shareholders Click Here: https://www.zlk.com/pslra-1/blink-charging-company-information-request-form?prid=9313&wire=1COTY Shareholders Click Here: https://www.zlk.com/pslra-1/coty-inc-information-request-form?prid=9313&wire=1

* ADDITIONAL INFORMATION BELOW *

Velocity Financial, Inc. (NYSE:VEL)

This lawsuit is on behalf of investors who purchased VEL stocks pursuant and/or traceable to the Registration Statement and Prospectus, as amended, issued in connection with Velocity’s January 2020 initial public offering.Lead Plaintiff Deadline: September 28, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/velocity-financial-inc-loss-submission-form?prid=9313&wire=1

According to the filed complaint, defendants failed to disclose that, at the time of Velocity’s initial public offering (the “IPO”), the Company’s non-performing loans had dramatically increased in size from the figures provided in the Registration Statement and Prospectus that Velocity had issued in connection with the IPO. Further, defendants failed to provide any information to investors regarding the potential impact of the novel coronavirus on Velocity’s business and operations, despite the fact that the international spread of the virus had already been confirmed at the time of the IPO. The failure to disclose the substantial and growing proportion of the Company’s loans that were non-performing and/or on non-accrual status as of the IPO rendered the statements contained in the Registration Statement and Prospectus regarding the quality of the Company’s loan portfolio and underwriting practices materially misleading.

Blink Charging Company (NASDAQ:BLNK)

BLNK Lawsuit on behalf of: investors who purchased March 6, 2020 – August 19, 2020Lead Plaintiff Deadline: October 23, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/blink-charging-company-information-request-form?prid=9313&wire=1

According to the filed complaint, during the class period, Blink Charging Company made materially false and/or misleading statements and/or failed to disclose that: (i) many of Blink’s charging stations are damaged, neglected, non-functional, inaccessible, nor non-accessible; (ii) Blink’s purported partnerships and expansions with other companies were overstated; (iii) the purported growth of the Company’s network has been overstated; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Coty Inc. (NYSE:COTY)

COTY Lawsuit on behalf of: investors who purchased October 3, 2016 – May 28, 2020Lead Plaintiff Deadline: November 3, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/coty-inc-information-request-form?prid=9313&wire=1

According to the filed complaint, during the class period, Coty Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) despite being no stranger to beauty brand acquisitions, Coty did not have adequate processes and procedures in place to assess and properly value the P&G Specialty Beauty Business and Kylie Cosmetics acquisitions; (2) as a result, Coty had overpaid for the P&G Specialty Beauty Business and Kylie Cosmetics; (3) Coty did not have adequate infrastructure to smoothly integrate and support the beauty brands that it acquired from P&G, including an adequate supply chain; (4) as a result of its inadequate infrastructure, Coty was not successfully integrating the beauty brands it acquired from P&G and not delivering synergies from the acquisition; and (5) as a result of the foregoing, Coty’s financial statements and Defendants’ statements about Coty’s business, operations, and prospects, were materially false and/or misleading at all relevant times.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLPJoseph E. Levi, Esq.55 Broadway, 10th FloorNew York, NY 10006jlevi@levikorsinsky.comTel: (212) 363-7500Fax: (212) 363-7171http://www.zlk.com

SOURCE: Levi & Korsinsky, LLP

View source version on accesswire.com: https://www.accesswire.com/606356/CLASS-ACTION-UPDATE-for-VEL-BLNK-and-COTY-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

COMTEX_371388017/2457/2020-09-16T10:25:43

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