NEW YORK, May 14, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of DISH Network Corporation (NASDAQ: DISH), Stanley Black & Decker, Inc. (NYSE: SWK), and TAL Education Group (NYSE: TAL). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
DISH Network Corporation (NASDAQ: DISH)
Class Period: February 22, 2021 - February 27, 2023
Lead Plaintiff Deadline: May 22, 2023
Dish, together with its subsidiaries, provides pay-TV services in the United States. The Company operates in two segments, Pay-TV and Wireless. Dish offers video services under the DISH TV brand; and programming packages that include programming through national broadcast networks, local broadcast networks, and national and regional cable networks, as well as regional and specialty sports channels, premium movie channels, and Latino and international programming packages.
Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company overstated its operational efficiency and maintained a deficient cybersecurity and information technology infrastructure; (ii) as a result of the foregoing, the Company was unable to properly secure customer data, leaving it vulnerable to access by malicious third parties; (iii) the foregoing cybersecurity deficiencies also both rendered Dish’s operations susceptible to widespread service outages and hindered the Company’s ability to respond to such outages; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
On February 24, 2023, the Company announced that a “network outage” caused the Company’s websites and apps to cease functioning, subjected customers to authentication issues when signing into TV channel apps using their Dish credentials, and appeared to render the Company’s call center phone numbers unreachable.
Then, on February 28, 2023, Dish confirmed that it had “determined that the outage was due to a cyber-security incident and notified appropriate law enforcement authorities,” adding that the “threat agent” behind the ransomware attack stole date from Dish’s compromised systems, potentially containing personal information.
On this news, Dish’s stock price fell $0.79 per share, or 6.48%, to close at $11.41 per share on February 28, 2023.
As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s securities, Plaintiff and other Class members have suffered significant losses and damages.
For more information on the Dish class action go to: https://bespc.com/cases/DISH
Stanley Black & Decker, Inc. (NYSE: SWK)
Class Period: October 28, 2021 - July 28, 2022 (For Common Stock Only)
Lead Plaintiff Deadline: May 23, 2023
The filed complaint alleges that defendants made false statements and/or concealed that: (i) rising interest rates, inflation, and trends in returning to work away from home were in fact quickly eroding then-heightened demand for Stanley's tools and outdoor products; (ii) the heightened, extraordinary demand Stanley had enjoyed as a result of the COVID-19 pandemic in 2021 into 2022 was returning to 2019 pre-pandemic levels; (iii) Stanley's operations were already showing signs of slowing demand; (iv) as a result of reorganization, share repurchasing, and dividend growth, Stanley lacked the cash to react with agility to changes in demand; and (v) as a result of Stanley's inability to react to a sharp decline in demand, the Company's results and metrics, particularly sales volume, were severely negatively impacted. As a result of the foregoing, Stanley's public statements were materially false and misleading at all relevant times.
For more information on the Stanley class action go to: https://bespc.com/cases/SWK
TAL Education Group (NYSE: TAL)
Class Period: June 14, 2022 - March 14, 2023 (For TAL American Depository Shares Only)
Lead Plaintiff Deadline: May 30, 2023
According to the lawsuit, throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was still providing K9 Academic AST Services; and (2) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.
For more information on the TAL class action go to: https://bespc.com/cases/TAL
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.