HomePress CoverageINVESTOR WARNING: Kirby McInerney LLP Reminds Investors That Securities...

INVESTOR WARNING: Kirby McInerney LLP Reminds Investors That Securities…

NEW YORK, March 24, 2023 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP reminds investors that class action lawsuits have been filed on behalf of investors in securities of Dutch Bros, Inc., Fidelity National Information Services, Inc. and Lumen Technologies, Inc. Investors have until the deadlines below to address themselves to the court appointed as lead plaintiff in the lawsuits. For more information on each case, see the links below.

Dutch Bros, Inc. (“Dutch Bros”) (NYSE: BROS)

Class period: March 1, 2022 to May 11, 2022
Pending court: US District Court for the Southern District of New York
Deadline for lead plaintiff: May 1, 2023

The Complaint alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements and/or failed to disclose the following: (1) Dutch Bros had increased costs and expenses, including for dairy products; and (2) as a result, Dutch Bros experienced increased margin pressure and decreased profitability in the first quarter of 2022.

For more information on Dutch Bros’ lawsuit, visit This website.

Fidelity National Information Services, Inc. (“Fidelity”) (NYSE: FIS)

Class period: November 3, 2021 to January 31, 2023
Pending court: United States District Court for the Middle District of Florida
Deadline for lead plaintiff: May 5, 2023

The lawsuit alleges that throughout the class period, the defendants made false and/or misleading statements and failed to disclose: (1) the integration of Worldpay, a payments company that Fidelity National acquired on July 31, 2019 not ahead of schedule; (2) the integration of Worldpay was not successfully completed during the class action period; and (3) revenue synergy increases were not driven by the Worldpay integration.

For more information on the Fidelity lawsuit, see This website.

Lumen Technologies, Inc. (“Lumen”) (NYSE: PHI)

Class period: September 14, 2020 to February 7, 2023
Pending court: US District Court…

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