J2 Global, Inc.
Lead Plaintiff Deadline: 09/07/2020
SUMMARY OF CASE:
A securities class action has been filed against J2 Global, Inc. (JCOM) on behalf of purchasers of the securities of J2 Global between October 5, 2015 through June 29, 2020. This case has been filed in the USDC – CDCA.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) J2 Global engaged in undisclosed related party transactions; (2) J2 Global used misleading accounting to hide requisite impairments and underperformance in acquisitions; (3) several so-called independent members of the Company’ board of directors and audit committee were not disinterested; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.