Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Clarivate Plc (“Clarivate” or the “Company”) (NYSE: CLVT) investors that a class action lawsuit filed on behalf of investors that purchased Clarivate shares between February 26, 2021–December 27, 2021.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 1-844-PORTLAW (844-767-8529) or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Clarivate maintained defective disclosure controls and procedures as a result of a material weakness in its internal control over financial reporting; (2) the foregoing material weakness was not limited to how the Company accounted for warrants; (3) as a result, Clarivate failed to properly account for an equity plan included in its acquisition of CPA Global; (4) accordingly, the Company was reasonably likely to restate one or more of its previously issued financial statements following its acquisition of CPA Global; and (5) 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.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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