SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Clarivate Plc Investors – CLVT
NEW YORK, December 28, 2021 (GLOBE NEWSWIRE) – Pomerantz LLP is investigating claims on behalf of investors in Clarivate Plc (âClarivateâ or the âCompanyâ) (NYSE: CLVT). These investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The purpose of the investigation is to determine whether Clarivate and any of its officers and / or directors have engaged in securities fraud or other illegal business practices.
On December 27, 2021, Clarivate disclosed in a document filed with the United States Securities and Exchange Commission that “[o]n December 22, 2021, Clarivate. . . concluded that the financial statements previously published as at December 31, 2020 and for the year ended December 31, 2020, and the quarterly periods ended March 31, 2021, June 30, 2021 and September 30, 2021, should no longer be relied on due to an error in these financial statements[.]”Specifically, Clarivate reported that”[t]The error concerns the treatment under generally accepted accounting principles in the United States (“GAAP”) concerning an action plan included in the CPA Global business combination which was carried out on October 1, 2020 (“the global transaction CPA â). In the relevant financial statements, certain allocations made by CPA Global as part of its action plan have been incorrectly included as part of the recognition of the acquisition for the CPA Global transaction. ”
Following this news, the Clarivate share price fell $ 1.70 per share, or 6.92%, to close at $ 22.78 per share on December 28, 2021.
Pomerantz, with offices in New York, Chicago, Los Angeles and Paris, is recognized as one of the leading firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as the Dean of the Class Actions Bar, Pomerantz was a pioneer in the field of securities class actions. Today, more than 80 years later, Pomerantz continues the tradition it established, fighting for the rights of victims of securities fraud, breach of fiduciary duty and professional misconduct. The firm has recovered numerous multi-million dollar damages on behalf of the members of the group. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext 7980