CLASS ACTION UPDATE for IQDNX, PLUG and KDMN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

·4 min read

NEW YORK, NY / ACCESSWIRE / April 19, 2021 / 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.

IQDNX Shareholders Click Here: https://www.zlk.com/pslra-1/infinity-q-diversified-alpha-fund-loss-submission-form?prid=14839&wire=1
PLUG Shareholders Click Here: https://www.zlk.com/pslra-1/plug-power-inc-loss-submission-form?prid=14839&wire=1
KDMN Shareholders Click Here: https://www.zlk.com/pslra-1/kadmon-holdings-inc-loss-submission-form?prid=14839&wire=1

* ADDITIONAL INFORMATION BELOW *

Infinity Q Diversified Alpha Fund Institutional Class (NASDAQ:IQDNX)

IQDNX Lawsuit on behalf of: investors who purchased December 21, 2018 - February 22, 2021
Lead Plaintiff Deadline: April 27, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/infinity-q-diversified-alpha-fund-loss-submission-form?prid=14839&wire=1

According to the filed complaint, during the class period, Infinity Q Diversified Alpha Fund Institutional Class made materially false and/or misleading statements and/or failed to disclose that: (1) Infinity Q's Chief Investment Officer made adjustments to certain parameters within the third-party pricing model that affected the valuation of the swaps held by the Fund; (2) consequently, Infinity Q would not be able to calculate NAV correctly; (3) as a result, the previously reported NAVs were unreliable; (4) because of the foregoing, the Fund would halt redemptions and liquidate its assets; and (5) as a result, the Prospectuses were materially false and/or misleading and failed to state information required to be stated therein.

Plug Power Inc. (NASDAQ:PLUG)

PLUG Lawsuit on behalf of: investors who purchased November 9, 2020 - March 1, 2021
Lead Plaintiff Deadline: May 7, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/plug-power-inc-loss-submission-form?prid=14839&wire=1

According to the filed complaint, during the class period, Plug Power Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company would be unable to timely file its 2020 annual report due to delays related to the review of classification of certain costs and the recoverability of the right to use assets with certain leases; (2) the Company was reasonably likely to report material weaknesses in its internal control over financial reporting; and (3) 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.

Kadmon Holdings, Inc. (NASDAQ:KDMN)

KDMN Lawsuit on behalf of: investors who purchased October 1, 2020 - March 10, 2021
Lead Plaintiff Deadline: June 2, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/kadmon-holdings-inc-loss-submission-form?prid=14839&wire=1

According to the filed complaint, during the class period, Kadmon Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Belumosudil NDA was incomplete and/or deficient; (ii) the additional new data that the Company submitted in support of the Belumosudil NDA in response to an information request from the FDA materially altered the NDA submission; (iii) accordingly, the initial Belumosudil NDA submission lacked the degree of support that the Company had led investors to believe; (iv) accordingly, the FDA was likely to extend the PDUFA target action date to review the Belumosudil NDA; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

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, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://www.zlk.com

SOURCE: Levi & Korsinsky, LLP



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