Johnson & Weaver, LLP Announces Investigations of Babcock & Wilcox Enterprises, Inc., Signet Jewelers Limited, Pearson plc, Invuity, Inc. and Patriot National, Inc.

SAN DIEGO, March 12, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential claims against Babcock & Wilcox Enterprises, Inc., Signet Jewelers Limited, Pearson plc, Invuity, Inc. and Patriot National, Inc. as detailed below:

Babcock & Wilcox Enterprises, Inc.

Shareholder Rights Law Firm Johnson & Weaver, LLP announces the filing of a class action lawsuit on behalf of purchasers of Babcock & Wilcox Enterprises, Inc. (NYSE: BW) between July 1, 2015 and February 28, 2017, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Babcock & Wilcox investors under the federal securities laws.

The complaint alleges that defendants during the Class Period made false and misleading statements and/or failed to disclose that: (1) Babcock & Wilcox's renewable business had productivity and scheduling issues; (2) these undisclosed problems decreased profit margins and worsened financial performance; (3) Babcock & Wilcox's renewable business suffered from problematic on-site project management and a lack of resources in engineering and project management groups, which resulted in overly aggressive project bidding, project delays and engineering errors; (4) Babcock & Wilcox lacked adequate project management processes in its Renewable business, which negatively impacted performance on key projects from bidding through execution; (5) as a result, defendants' statements regarding Babcock & Wilcox's outlook and expected financial performance were false and misleading and lacked a reasonable basis when made. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as a lead plaintiff, you must move the Court no later than May 2, 2017. 

If you have held Babcock & Wilcox shares continuously held shares before July 1, 2015, you may have standing to hold Babcock & Wilcox harmless from the damage the officers and directors caused by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.

If you are a Babcock & Wilcox shareholder and are interested in learning more about your legal rights and remedies, please contact Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.

Signet Jewelers Limited

Shareholder Rights Law Firm Johnson & Weaver, LLP today announced that it is investigating whether certain officers or directors of Signet Jewelers Limited (NYSE: SIG) violated federal laws. Signet engages in the retail sale of diamond jewelry and watches.

On Monday, February 27, 2017, The Washington Post reported that a subsidiary of Signet discriminated against female employees. Additionally, about 250 female employees testified in arbitration filings that male managers and executives engaged in rampant sexual harassment for years.

A private arbitrator ruled that about 69,000 current and former female sales associates of mall jewelry stores, Kay and Jared (owned by a subsidiary of Signet) can sue for discrimination and back wages.

On March 9, 2017, Signet announced the formation of a new Board Committee focused on respect in the workforce that will center on programs and policies to support the advancement and development of female employees.

If you are a shareholder of Signet and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. If emailing, please include a phone number.

Pearson plc

Shareholder Rights Law Firm Johnson & Weaver, LLP announces the filing of a class action lawsuit on behalf of purchasers of Pearson plc (NYSE: PSO) between January 21, 2016 through January 17, 2017, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Pearson investors under the federal securities laws.

The complaint alleges that defendants during the Class Period made overly optimistic projections for 2017 and 2018 regarding its U.S. education business when, in reality, students were not likely to purchase Pearson's products when more affordable alternatives were available. On January 18, 2017, Pearson revealed that it no longer expected to achieve its operative profit guidance for 2018 as a result of "[t]he North American higher education courseware market being much weaker than expected" and that Pearson would "rebase" its dividend "from 2017 onwards." Following this news, shares of Pearson fell approximately 29% on January 18, 2017.

If you wish to serve as a lead plaintiff, you must move the Court no later than April 25, 2017. 

If you are a Pearson shareholder and are interested in learning more about your legal rights and remedies, please contact Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.

Invuity, Inc.

Shareholder Rights Law Firm Johnson & Weaver, LLP announces the filing of a class action lawsuit on behalf of purchasers of Invuity, Inc. (NASDAQ: IVTY) between July 19, 2016 and November 3, 2016, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Invuity investors under the federal securities laws.

The complaint alleges that through the class period, defendants issued materially false and misleading statements about its operations and results and misrepresented its ability to sustain its average revenue per account, which serves as a critical metric for the Company's growth.

On November 3, 2016, Invuity revealed its financial results for its third quarter of 2016, lowering its guidance and noting a drop in average revenue per account. On this news, Invuity stock dropped, harming investors.

 If you wish to serve as a lead plaintiff, you must move the Court no later than April 28, 2017. 

If you are an Invuity shareholder and are interested in learning more about your legal rights and remedies, please contact Jim Baker ([email protected]) at 619-814-4471. If you email, please include your phone number.

Patriot National, Inc.

Shareholder Rights Law Firm Johnson & Weaver, LLP today announced that it is investigating whether certain officers or directors of Patriot National, Inc. (NYSE: PN) violated state or federal laws. Patriot National provides technology-enabled outsourcing solutions within the workers' compensation marketplace for insurance carriers, local governments, reinsurance captives and other employers in the United States.

The investigation concerns, among other things, whether Patriot National and certain of its officers and directors violated federal securities laws by entered into an agreement with Guarantee Insurance Group.

If you have information that could assist in this investigation, including past employees and others, or if you are a Patriot National shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. If emailing, please include a phone number.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:

Johnson & Weaver, LLP
Jim Baker, 619-814-4471
[email protected]

SOURCE Johnson & Weaver, LLP

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