August 4, 2021

CLASS ACTION UPDATE for STAA, QTT and GOCO: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

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September 29, 2020 (ACCESSWIRE via COMTEX) —
NEW YORK, NY / ACCESSWIRE / September 29, 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.

STAA Shareholders Click Here: https://www.zlk.com/pslra-1/staar-surgical-company-information-request-form?prid=9652&wire=1QTT Shareholders Click Here: https://www.zlk.com/pslra-1/qutoutiao-inc-information-request-form-2?prid=9652&wire=1GOCO Shareholders Click Here: https://www.zlk.com/pslra-1/gohealth-inc-information-request-form?prid=9652&wire=1

* ADDITIONAL INFORMATION BELOW *

Staar Surgical Company (NASDAQ: STAA)

STAA Lawsuit on behalf of: investors who purchased February 26, 2020 – August 10, 2020Lead Plaintiff Deadline : October 19, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/staar-surgical-company-information-request-form?prid=9652&wire=1

According to the filed complaint, during the class period, Staar Surgical Company made materially false and/or misleading statements and/or failed to disclose that: the Company was overstating and/or mischaracterizing: (1) its sales and growth in China; (2) its marketing spend; (3) its research and development expenses; and that as a result of the foregoing, (4) Defendants’ public statements were materially false and misleading at all relevant times.

Qutoutiao Inc. (NASDAQ: QTT)

This lawsuit is on behalf of persons and entities that: a) purchased or otherwise acquired Qutoutiao American Depositary Shares pursuant and/ortraceable to the registration statement and prospectus issued in connection with the Company’s September 2018 initial public offering; and/or b) purchased or otherwise acquired Qutoutiao securities between September 14, 2018 and July 15, 2020.Lead Plaintiff Deadline : October 19, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/qutoutiao-inc-information-request-form-2?prid=9652&wire=1

According to the filed complaint, (1) Qutoutiao replaced its advertising agent with a related party, thereby bypassing third-party oversight of the content and quality of the advertisements; (2) the Company placed advertisements on its mobile app for products whose claims could not be substantiated and thus were considered false advertisements under applicable regulations; (3) as a result, the Company would face increasing regulatory scrutiny and reputational harm; (4) as a result, the Company’s advertising revenue was reasonably likely to decline; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

GoHealth, Inc. (NASDAQ: GOCO)

The GoHealth lawsuit is on behalf of all purchasers of GoHealth Class A common stock pursuant and/or traceable to the registration statement issued in connection with GoHealth’s July 2020 initial public offering.Lead Plaintiff Deadline : November 20, 2020TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/gohealth-inc-information-request-form?prid=9652&wire=1

According to the filed complaint, (i) the Medicare insurance industry was undergoing a period of elevated churn, which had begun in the first half of 2020; (ii) GoHealth suffered from a higher risk of customer churn as a result of its unique business model and limited carrier base; (iii) GoHealth suffered from degradations in customer persistency and retention as a result of elevated industry churn, vulnerabilities that arose from the Company’s concentrated carrier business model, and GoHealth’s efforts to expand into new geographies, develop new carrier partnerships and worsening product mix; (iv) GoHealth had entered into materially less favorable revenue sharing arrangements with its external sales agents; and (v) these adverse financial and operational trends were internally projected by GoHealth to continue and worsen following the initial public offering.

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 [email protected]: (212) 363-7500Fax: (212) 363-7171www.zlk.com

SOURCE: Levi & Korsinsky, LLP

View source version on accesswire.com: https://www.accesswire.com/608237/CLASS-ACTION-UPDATE-for-STAA-QTT-and-GOCO-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders

COMTEX_372039660/2457/2020-09-29T06:30:17

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The MarketWatch News Department was not involved in the creation of this content.

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