FRC, EGIO & LYLTQ Class Action Reminders: Bronstein, Gewirtz & Grossman, LLC, A Top Firm, Reminds Investors of Deadlines and to Actively Participate

NEW YORK, NY / ACCESSWIRE / June 19, 2023 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can 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. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

First Republic Bank (NYSE:FRC)
Class Period: January 14, 2021 - March 14, 2023
Deadline: June 23, 2023
For more info: www.bgandg.com/frc.

The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements as well as failed to disclose that defendants: (1) misrepresented the strength of the Company's balance sheet and liquidity position; (2) understated the significant pressure rising interest rates posed to First Republic's business model; (3) misrepresented the strength of the Company's ability to deliver consistent results across different interest rate environments; (4) misrepresented the diversity of the Company's deposit funding base; and (5) misrepresented the Company's ability to generate NII growth and maintain stable NIM. When the true details entered the market, the lawsuit claims that investors suffered damages.

Edgio, Inc. f/k/a Limelight Networks, Inc. (NASDAQ:EGIO; LLNW)
Class Period: February 11, 2021 - March 12, 2023
Deadline: June 26, 2023
For more info: www.bgandg.com/egio

The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements as well as failed to disclose that: (1) the sale of Open Edge equipment should be accounted as financing leases; (2) there were material weaknesses in the Company's internal controls over financial reporting related to Open Edge transactions; (3) as a result of the foregoing, the Company's revenue had been overstated in certain periods; and (4) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.

Loyalty Ventures Inc. (OTC:LYLTQ)
Class Period: November 8, 2021 - June 7, 2022
Deadline: June 26, 2023
For more info: www.bgandg.com/lyltq

The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements as well as failed to disclose that: (1) the Air Miles program suffered from a lack of investment prior to the spinoff; (2) as a result, Sobeys had informed defendants it was considering exercising its early termination rights; (3) the threat of Sobeys' departure loomed throughout 2021 including in the timeframe leading up to the spinoff; (4) defendants expected the departure of any single large sponsor, such as Sobeys, would have "network effect" on the value of the entire Air Miles program; (5) the high leverage and debt service obligations foisted upon Loyalty Ventures, in conjunction with the "network effect" impact on the value of the Air Miles business, threatened the Company's ability to continue operations; and (6) as a result, defendants' positive statements about the Company's financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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