CLASS ACTION UPDATE for SIVBQ, TGT and HSAI: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / April 14, 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.

SIVBQ Shareholders Click Here: https://zlk.com/pslra-1/svb-financial-group-information-request-form?prid=38293&wire=1
TGT Shareholders Click Here: https://zlk.com/pslra-1/target-corporation-lawsuit-submission-form?prid=38293&wire=1
HSAI Shareholders Click Here: https://zlk.com/pslra-1/hesai-lawsuit-submission-form?prid=38293&wire=1

* ADDITIONAL INFORMATION BELOW *

SVB Financial Group (OTC PINK:SIVBQ)

SIVBQ Lawsuit on behalf of: investors who purchased June 16, 2021 - March 10, 2023
Lead Plaintiff Deadline : May 12, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/svb-financial-group-information-request-form?prid=38293&wire=1

According to the filed complaint, during the class period, SVB Financial Group made materially false and/or misleading statements and/or failed to disclose that: (1) the Company failed to disclose to investors the risks presented by impending rising interest rates; (2) the Company failed to disclose to investors that, in an environment with high interest rates, SVB would be worse off than banks that did not cater to tech startups and venture capital-backed companies; (3) the Company failed to disclose that, if its investments were negatively affected by rising interest rates, it was particularly susceptible to a bank run; (4) as a result, defendants' public statements were materially false and/or misleading at all relevant times.

Target Corporation (NYSE:TGT)

TGT Lawsuit on behalf of: investors who purchased August 18, 2021 - May 17, 2022
Lead Plaintiff Deadline : May 30, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/target-corporation-lawsuit-submission-form?prid=38293&wire=1

According to the filed complaint, during the class period, Target Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Target's difficulty maintaining a balanced inventory of in-demand goods was far worse than the Company had represented; (ii) Target was severely impacted by changing consumer preferences; (iii) Target's inventory mix was significantly more sensitive to changing consumer preferences due to Target's practice of buying larger quantities ahead of season, and was therefore at significant risk of having to use markdowns to sell out-of-demand goods; and (iv) as a direct result of these changing preferences, Target's inventory increasingly became out-of-balance and overweight in bulky and unsellable goods throughout the Class Period forcing Target to markdown its out-of-demand goods, thereby negatively impacting revenue.

Hesai Group (NASDAQ:HSAI)

This lawsuit is on behalf of investors who purchased Hesai Group securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Hesai's February 2023 initial public offering.
Lead Plaintiff Deadline : June 6, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/hesai-lawsuit-submission-form?prid=38293&wire=1

According to the filed complaint, (1) Hesai Group's gross margin decrease was caused by a lower in-house utilization rate; (2) Hesai Group's gross margin was 30% for the fourth quarter-which was completed over a month before the date of the amended registration statement; and (3); as a result, defendants' public statements were materially false and misleading at all relevant times and negligently prepared.

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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