CLASS ACTION UPDATE for AMGN, KRNT and GOOGL: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / April 11, 2023 / 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.

AMGN Shareholders Click Here: https://zlk.com/pslra-1/amgen-class-action-loss-submission-form?prid=38242&wire=1
KRNT Shareholders Click Here: https://zlk.com/pslra-1/kornit-digital-lawsuit-loss-submission-form?prid=38242&wire=1
GOOGL Shareholders Click Here: https://zlk.com/pslra-1/alphabet-lawsuit-submission-form?prid=38242&wire=1

* ADDITIONAL INFORMATION BELOW *

Amgen Inc. (NASDAQ:AMGN)

This lawsuit is on behalf of all persons who purchased or otherwise acquired Amgen common stock between July 29, 2020 and April 27, 2022, inclusive.
Lead Plaintiff Deadline : May 12, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/amgen-class-action-loss-submission-form?prid=38242&wire=1

According to the filed complaint, (a) the U.S. government claimed Amgen owed more than $3 billion in back taxes for tax years 2010, 2011, and 2012; (b) the U.S. government claimed Amgen owed more than $5 billion in back taxes for tax years 2013, 2014, and 2015; (c) the U.S. government would likely claim Amgen owed materially more to the U.S. government than investors had been led to believe for subsequent tax years for which the Company had used the same profit allocation treatment between its U.S. and Puerto Rico operations; (d) Amgen had not taken sufficient accruals to account for its outstanding tax liabilities; (e) Amgen had failed to comply with Accounting Standards Codification Topic 450 and other rules and regulations regarding the preparation of its periodic filings with the U.S. Securities and Exchange Commission; and (f) Amgen's refusal to pay taxes claimed by the U.S. government exposed the Company to a substantial risk of severe financial penalties imposed by the Internal Revenue Service.

Kornit Digital Ltd. (NASDAQ:KRNT)

This lawsuit is on behalf of all persons who purchased shares of Kornit Digital common stock between August 10, 2021, and July 5, 2022, including purchases directly in Kornit Digital's November 19, 2021 public stock offering.
Lead Plaintiff Deadline : April 17, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/kornit-digital-lawsuit-loss-submission-form?prid=38242&wire=1

According to the filed complaint, (i) one of Kornit Digital's largest customers, DTG2Go, a Delta Apparel, Inc. subsidiary, was transitioning to a competitor's product offerings for its manufacturing needs; (ii) a second key customer, Fanatics, Inc., had decided to outsource production, a substantial portion of which was going to producers using non-Kornit Digital systems; (iii) as a result, Kornit Digital expected to and ultimately did lose substantial demand for its products and services; (iv) Kornit Digital was suffering from lessening demand for high-margin consumables which caused Kornit Digital to suffer from an unfavorable sales mix and lower gross margins; (v) e-commerce demand for Kornit Digital products was slowing down as facets of the economy reopened following the COVID-19 pandemic, which was having a negative effect on Kornit Digital's revenue; (vi) as a result of the foregoing, Kornit Digital's projected financial results and market opportunity were not achievable and lacked a reasonable basis in fact.

Alphabet Inc. (NASDAQ:GOOGL)

GOOGL Lawsuit on behalf of: investors who purchased February 4, 2020 - January 23, 2023
Lead Plaintiff Deadline : May 15, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/alphabet-lawsuit-submission-form?prid=38242&wire=1

According to the filed complaint, during the class period, Alphabet Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Alphabet used its dominance in the field of digital advertising to disadvantage website publishers and advertisers who used competing advertising products; (ii) the foregoing conduct was anticompetitive in nature and likely to draw significant regulatory scrutiny; (iii) Alphabet's revenues were unsustainable to the extent that they were the product of said anticompetitive conduct; (iv) Alphabet's conduct, once revealed, would negatively impact the Company's reputation and expose it to a heightened risk of litigation and regulatory enforcement action; 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.
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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