NEW YORK, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Seaboard Corporation, Menlo Therapeutics Inc., Super Micro Computer, Inc., and NiSource Inc. Additional information about each potential action can be found at the link provided.
Seaboard Corporation (: SEB)
Beginning in September 2014 and throughout 2015, 2016, and 2017, Seaboard received several grand jury subpoenas from the Department of Justice and other federal agencies. In 2017, Seaboard received subpoenas requesting documents and information relation to money transfers in the Democratic Republic of Congo. Additional investigations have been brought by the Immigration and Customs Enforcement, the U.S. Attorney’s office for the Western District of Oklahoma, and the Oklahoma Attorney General’s office.
To learn more about the Seaboard investigation go to: https://bespc.com/sea/.
Menlo Therapeutics Inc. ( MNLO)
On April 9, 2018, Menlo revealed that the Phase 2 clinical trial of serlopitant for the treatment of pruritus in adults and adolescents with a history of atopic dermatitis failed to meet primary and key secondary efficacy endpoints. The Company also said that the trial did not show a significant difference between patients treated with serlopitant and patients treated with placebo.
On this news, shares of Menlo fell over 78%, closing at $8.17 on April 9, 2018.
To learn more about the Menlo investigation go to: https://bespc.com/menlo/.
Super Micro Computer, Inc. (Other SMCI)
On October 4, 2018, Bloomberg published an article entitled “The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies.” The article reported how “chips had been inserted during the manufacturing process, two officials say, by operatives from a unit of the People’s Liberation Army. In [Super Micro], China’s spies appear to have found a perfect conduit for what U.S. officials now describe as the most significant supply chain attack known to have been carried out against American companies.”
On this news, shares of Super Micro fell over 50%, closing at $12.60 on October 4, 2018.
To learn more about the Super Micro investigation go to: https://bespc.com/smci/.
NiSource Inc. (: NI)
On September 13, 2018, dozens of gas explosions destroyed multiple homes in Andover, North Andover, and Lawrence, Massachusetts, killing one person and injuring more than one dozen. Andover’s Fire Chief subsequently announced that investigators suspected over-pressurization of a gas main belonging to Columbia Gas of Massachusetts, a unit of NiSource.
On this news, shares of Nisource fell over 12%, closing at $24.79 on September 14, 2018.
To learn more about the NiSource Inc. investigation go to: https://bespc.com/ni/.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.