Deadline on July 12th coming up in Lawsuit for Investors in shares of Aterian, Inc. (NASDAQ: MWK) – Press Release


A Deadline is coming up on July 12, 2021 in the lawsuit for certain investors in Aterian, Inc. (NASDAQ: MWK).

A Deadline is coming up on July 12, 2021 in the lawsuit for certain investors in Aterian, Inc. (NASDAQ: MWK).

A deadline is coming up on July 12, 2021 in the lawsuit filed for certain investors of Aterian, Inc. (NASDAQ: MWK) over alleged securities laws violations by Aterian, Inc f/k/a Mohawk Group Holdings, Inc.

Investors who purchased shares of Aterian, Inc. (NASDAQ: MWK) have certain options and there are strict and short deadlines running. Deadline: July 12, 2021. NASDAQ: MWK stockholders should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of Aterian, Inc. (NASDAQ: MWK) common shares between December 1, 2020 and May 3, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between December 1, 2020 and May 3, 2021, the defendants failed to disclose to investors that the Company’s organic growth is plummeting, that the Company’s recent, self-lauded acquisitions were overpayments for flawed assets from questionable sources, that Aterian’s purported artificial intelligence software is a flawed product that lacks customer interest, that Aterian uses rebate programs and paid or artificial reviews to pump up their product offerings, and that as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Aterian, Inc. (NASDAQ: MWK) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: [email protected]

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.