{"id":12007,"date":"2020-08-04T12:00:00","date_gmt":"2020-08-04T12:00:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2020\/08\/04\/deadline-reminder-the-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-j2-global-inc-jcom\/"},"modified":"2020-08-04T12:00:00","modified_gmt":"2020-08-04T12:00:00","slug":"deadline-reminder-the-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-j2-global-inc-jcom","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/08\/04\/deadline-reminder-the-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-j2-global-inc-jcom\/","title":{"rendered":"Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against J2 Global, Inc. (JCOM)"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">BENSALEM, Pa.<\/span>, <span class=\"xn-chron\">Aug. 4, 2020<\/span> \/PRNewswire\/ &#8212; Law Offices of Howard G. Smith\u00a0reminds investors of the upcoming\u00a0<b><span class=\"xn-chron\">September 8<\/span><\/b><b>, 2020 <\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased J2 Global, Inc. (&#8220;J2&#8221; or &#8220;the Company&#8221;) (NASDAQ: JCOM) securities between <b><span class=\"xn-chron\">October 5, 2015<\/span> and <span class=\"xn-chron\">June 29, 2020<\/span><\/b><b>,<\/b> inclusive (the &#8220;Class Period&#8221;). <\/p>\n<p>Investors suffering losses on their J2 investments are encouraged to contact the Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span> to discuss their legal rights in this class action at 888-638-4847 or by email to <a target=\"_blank\" href=\"mailto:howardsmith@howardsmithlaw.com\" rel=\"nofollow\">howardsmith@howardsmithlaw.com<\/a>.<\/p>\n<p>On <span class=\"xn-chron\">June 30, 2020<\/span> Hindenburg Research released a report claiming &#8220;J2&#8217;s opaque acquisition approach has opened the door to egregious insider self-enrichment, which we approximate totals <span class=\"xn-money\">$117 million<\/span> to <span class=\"xn-money\">$172 million<\/span> based on publicly available information.&#8221; Hindenburg Research alleges, &#8220;We uncovered that J2 acquired a newly formed entity based out of its own VP of Corporate Development&#8217;s personal residence for an estimated <span class=\"xn-money\">$20 million<\/span>. The entity had undefined &#8216;intellectual property&#8217; and no employees or apparent assets. No conflict was disclosed.&#8221; The research report also claimed that, &#8220;Despite J2&#8217;s proxy describing all but one of its board members as &#8216;independent,&#8217; we found decades of intertwined financial interests between board members and executives, calling that independence into question.&#8221; <\/p>\n<p>On this news, the Company&#8217;s share price fell <span class=\"xn-money\">$6.29<\/span>, or over 9%, to close at <span class=\"xn-money\">$63.21<\/span> per share on <span class=\"xn-chron\">June 30, 2020<\/span>, thereby injuring investors.<\/p>\n<p>The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company&#8217;s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that J2 Global engaged in undisclosed related party transactions; (2) that J2 Global used misleading accounting to hide requisite impairments and underperformance in acquisitions; (3) that several so-called independent members of the Company&#8217; board of directors and audit committee were not disinterested; and (4) as a result, Defendants&#8217; public statements were materially false and\/or misleading at all relevant times.<\/p>\n<p>If you purchased \u00a0or otherwise acquired J2 securities, you may move the Court no later than\u00a0<b><span class=\"xn-chron\">September 8, 2020<\/span>, <\/b>to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact <span class=\"xn-person\">Howard G. Smith, Esquire<\/span>, of Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span>, 3070 Bristol Pike, Suite 112, <span class=\"xn-location\">Bensalem, Pennsylvania<\/span> 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to\u00a0<a target=\"_blank\" href=\"mailto:howardsmith@howardsmithlaw.com\" rel=\"nofollow\">howardsmith@howardsmithlaw.com<\/a>, or visit our website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2874964-1&amp;h=1108841566&amp;u=http%3A%2F%2Fwww.howardsmithlaw.com%2F&amp;a=www.howardsmithlaw.com\" rel=\"nofollow\">www.howardsmithlaw.com<\/a>.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH81291&amp;sd=2020-08-04\"\/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/deadline-reminder-the-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-j2-global-inc-jcom-301105846.html\">http:\/\/www.prnewswire.com\/news-releases\/deadline-reminder-the-law-offices-of-howard-g-smith-reminds-investors-of-looming-deadline-in-the-class-action-lawsuit-against-j2-global-inc-jcom-301105846.html<\/a><\/p>\n<p>SOURCE  Law Offices of <span class=\"xn-person\">Howard G. Smith<\/span><\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH81291&amp;Transmission_Id=202008041200PR_NEWS_USPR_____PH81291&amp;DateId=20200804\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">BENSALEM, Pa.<\/span>, <span class=\"xn-chron\">Aug. 4, 2020<\/span> \/PRNewswire\/ &#8212; Law Offices of Howard G. Smith\u00a0reminds investors of the upcoming\u00a0<b><span class=\"xn-chron\">September 8<\/span><\/b><b>, 2020 <\/b>deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased J2 Global, Inc. (&#8220;J2&#8221; or &#8220;the Company&#8221;) (NASDAQ: JCOM) securities between <b><span class=\"xn-chron\">October 5, 2015<\/span> and <span class=\"xn-chron\">June 29, 2020<\/span><\/b><b>,<\/b> inclusive (the &#8220;Class Period&#8221;)&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-12007","post","type-post","status-publish","format-standard","hentry","category-geovanny-vicente"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Deadline Reminder: The Law Offices of Howard G. 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