CLASS ACTION UPDATE for LK, TVTY and CAN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / April 1, 2020 / 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.

LK Shareholders Click Here: https://www.zlk.com/pslra-1/luckin-coffee-inc-loss-form?prid=5880&wire=1
TVTY Shareholders Click Here: https://www.zlk.com/pslra-1/tivity-health-inc-loss-form?prid=5880&wire=1
CAN Shareholders Click Here: https://www.zlk.com/pslra-1/canaan-inc-loss-form?prid=5880&wire=1

* ADDITIONAL INFORMATION BELOW *

Luckin Coffee Inc. (NASDAQ:LK)

LK Lawsuit on behalf of: investors who purchased November 13, 2019 - January 31, 2020
Lead Plaintiff Deadline: April 13, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/luckin-coffee-inc-loss-form?prid=5880&wire=1

According to the filed complaint, during the class period, Luckin Coffee Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) certain of Luckin's financial performance metrics, including per-store per-day sales, net selling price per item, advertising expenses, and revenue contribution from "other products" were inflated; (ii) Luckin's financial results thus overstated the Company's financial health and were consequently unreliable; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Tivity Health, Inc. (NASDAQ:TVTY)

TVTY Lawsuit on behalf of: investors who purchased March 8, 2019 - February 19, 2020
Lead Plaintiff Deadline: April 27, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/tivity-health-inc-loss-form?prid=5880&wire=1

According to the filed complaint, during the class period, Tivity Health, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) following the Nutrisystem Acquisition, Tivity's Nutrition segment faced significant operational challenges; (ii) the foregoing would foreseeably have a significant impact on Tivity's revenues; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Canaan Inc. (NASDAQ:CAN)

CAN Lawsuit on behalf of: investors who purchased publicly traded securities of Canaan, including its American Depository Shares pursuant and/or traceable to the Company's registration statement and related prospectus issued in connection with the Company's November 20, 2019 initial public offering.
Lead Plaintiff Deadline: May 4, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/canaan-inc-loss-form?prid=5880&wire=1

According to the filed complaint, (1) the purported "strategic cooperation" was actually a transaction with a related party; (2) the company's financial health was worse than what was actually reported; (3) the company had recently removed numerous distributors from its website just prior to the initial public offering, many of which were small or suspicious businesses; and (4) several of the Company's largest Chinese clients in prior years were clients who were not in the Bitcoin mining industry and, thus, would likely not be repeat customers.

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
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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