CLASS ACTION UPDATE for CGNT, CS and SWK: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

PRESS RELEASE
Published April 18, 2023

NEW YORK, NY / ACCESSWIRE / April 18, 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.

CGNT Shareholders Click Here: https://zlk.com/pslra-1/cognyte-class-action-submission-form?prid=38382&wire=1
CS Shareholders Click Here: https://zlk.com/pslra-1/credit-suisse-class-action-submission-form?prid=38382&wire=1
SWK Shareholders Click Here: https://zlk.com/pslra-1/stanley-black-decker-inc-information-request-form-2?prid=38382&wire=1

* ADDITIONAL INFORMATION BELOW *

Cognyte Software Ltd. (NASDAQ:CGNT)

This lawsuit is on behalf of all purchasers of Cognyte common stock between February 2, 2021 and June 28, 2022, inclusive.
Lead Plaintiff Deadline : May 1, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/cognyte-class-action-submission-form?prid=38382&wire=1

According to the filed complaint, 1) Cognyte created, distributed, and provided reconnaissance tools and services that violated community standards and terms of service of communication network sources and technologies such as Facebook; and 2) the foregoing exposed the Company to significant financial and reputational risk.

Credit Suisse Group AG (NYSE:CS)

CS Lawsuit on behalf of: investors who purchased March 10, 2022 - March 15, 2023
Lead Plaintiff Deadline : May 8, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/credit-suisse-class-action-submission-form?prid=38382&wire=1

According to the filed complaint, during the class period, Credit Suisse Group AG made materially false and/or misleading statements and/or failed to disclose that: (i) contrary to representations made in December 2022 by Credit Suisse's Chairman, Axel P. Lehmann, the sharp increase in customer outflows Credit Suisse began experiencing in October 2022 remained ongoing; (ii) accordingly, Credit Suisse had downplayed the impact of the Company's recent series of quarterly losses and risk and compliance failures on liquidity and its ability to retain client funds; (iii) as a result, Credit Suisse had overstated the Company's financial position and/or prospects; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Stanley Black & Decker, Inc. (NYSE:SWK)

SWK Lawsuit on behalf of: investors who purchased October 28, 2021 - July 28, 2022
Lead Plaintiff Deadline : May 23, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/stanley-black-decker-inc-information-request-form-2?prid=38382&wire=1

According to the filed complaint, during the class period, Stanley Black & Decker, Inc. made materially false and/or misleading statements and/or failed to disclose 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.

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, 4th Floor Suite #427
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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