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"title": "Pomerantz Law Firm Investigates Claims On Behalf of Investors of PowerFleet, Inc. - PWFL",
"description": "NEW YORK, April 28, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of PowerFleet, Inc. . Such investors are advised to contact Danielle Peyton at...",
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"snippet": "NEW YORK, April 28, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of PowerFleet, Inc. (\"PowerFleet\" or the \"Company\") (NASDA...",
"url": "https://www.marketscreener.com/quote/stock/POWERFLEET-INC-9638/news/Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-PowerFleet-Inc-PWFL-46558549/",
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"highlight": "NEW YORK, April 28, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of <em>PowerFleet</em>, <em>Inc</em>. (\"<em>PowerFleet</em>\" or the \"Company\") (NASDAQ: PWFL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.",
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"highlight": "The investigation concerns whether <em>PowerFleet</em> and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.\n\n[Click here for information about joining the class action]\n\nOn April 5, 2024, <em>PowerFleet</em> disclosed in a filing with the U.S.",
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"highlight": "Specifically, <em>PowerFleet</em> stated that \"the accounting treatment relating to the redemption premium associated with the Company's Series A convertible preferred stock (the 'Series A Preferred Stock') required correction to comply with U.S. generally accepted accounting principles\", which \"are expected to result in increases in 'net loss attributable to",
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"highlight": "<em>PowerFleet</em> also disclosed that it \"expect[s] to report a material weakness\" in internal control over financial reporting.\n\nOn this news, PowerFleet's stock price fell $0.31 per share, or 6.54%, to close at $4.43 per share on April 8, 2024.",
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"highlight": "CONTACT:\n\nDanielle Peyton\n\nPomerantz LLP\n\[email protected]\n\n646-581-9980 ext. 7980\n\nView original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-<em>powerfleet</em>-<em>inc</em>---pwfl-302128250.html\n\nSOURCE Pomerantz LLP",
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"highlight": "Pomerantz Law Firm Investigates Claims On Behalf of Investors of <em>PowerFleet</em>, <em>Inc</em>. - PWFL",
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Exchange
- Tel Aviv Stock Exchange
- equity
- Technology
- il