DEADLINE ALERT for WFC, U, OM and AMZN: The law firms of

LOS ANGELES, July 28 12, 2022 (GLOBE NEWSWIRE) — The law firm of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly traded companies. Investors have until the deadlines listed below to file as lead plaintiff.

Investors experiencing losses on their investments are encouraged to contact the law offices of Frank R. Cruz to discuss their legal rights in these class action lawsuits at 310-914-5007 or by email at fcruz@frankcruzlaw.com.

Wells Fargo and company (NYSE: WFC)
Course period: February 24, 2021 – June 9, 2022
Lead Applicant Deadline: August 29, 2022

Investors with losses exceeding $300,000 are encouraged to contact the company

The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, the defendants failed to disclose to investors that: (1) Wells Fargo misrepresented its commitment to diversity in the company’s workplace; (2) Wells Fargo conducted fake job interviews to meet its diverse search requirement; (3) the foregoing conduct has subjected Wells Fargo to increased risk of regulatory and/or governmental scrutiny and enforcement action, including criminal charges; (4) any of the foregoing, when disclosed, was likely to adversely impact Wells Fargo’s reputation; and (5) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

Unity Software Inc. (NYSE:U)
Course period: March 5, 2021 – May 10, 2022
Lead Applicant Deadline: September 6, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, the defendants failed to disclose to investors that: (1) deficiencies in Unity’s product platform reduced the accuracy of the company’s machine learning technology; (2) the foregoing was likely to have a material adverse impact on the Company’s revenues; (3) as a result, Unity had overstated its business and/or financial outlook for 2022; and (4) as a result, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

Outset Medical, Inc. (NASDAQ:OM)
Course period: September 15, 2020 – June 13, 2022
Lead Applicant Deadline: September 6, 2022

The Complaint filed in this action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and the prospects of society. Specifically, the Defendants failed to disclose that: (1) the Defendants had “continually made improvements and updates to Tablo over the time since its initial authorization” that required an additional 510(k) application; (2) as a result, the Company was unable to conduct a human factors study on a device cleared under FDA protocols; (3) the Company’s failure to complete the human factors study exposed the Company to the likelihood of the FDA imposing a “suspension of shipment” and marketing suspension, leaving the Company unable to sell the Tablo for home use; and (4) as a result of the foregoing, defendants’ positive statements about the company’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Amazon.com, Inc. (NASDAQ: AMZN)
Course period: July 30, 2021 – April 28, 2022
Lead Applicant Deadline: September 6, 2022

The Complaint filed in this Class Action alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose material adverse facts regarding the business, operations and societal prospects. Specifically, defendants failed to disclose to investors that: (1) rather than necessary to meet short- and long-term customer demand, Amazon’s rapid expansion resulted in substantial overcapacity that resulted in losses massive and would significantly reduce the company’s profits in the future; (2) Amazon’s capacity to grow greatly exceeded demand, and in response, Defendants proceeded with a series of escalating reductions in warehousing and fulfillment capacity; and (3) therefore, defendants’ positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis at all relevant times.

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To be a member of these class actions, you do not need to act at this time; you can retain the services of a lawyer of your choice or do nothing and remain an absentee member of the class action. If you would like to know more about these class actions, or if you have any questions regarding this announcement or your rights or interests in these matters, please contact Frank R. Cruz, The Law Offices of Frank R. Cruz , 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067 at 310-914-5007, by email at info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If requesting by email, please include your mailing address, phone number and number of shares purchased.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com