Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against IonQ, Energy Transfer, Digital Turbine, and Teladoc and Encourages Investors to Contact the Firm

NEW YORK, July 10, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of IonQ, Inc. (NYSE:IONQ ), Energy Transfer LP (NYSE:ET ), Digital Turbine, Inc. (NASDAQ:APPS ), and Teladoc Health, Inc. (NYSE:TDOC ). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided. IonQ, Inc. (NYSE:IONQ ) Class Period: March 20, 2021 – May 2, 2022 Lead Plaintiff Deadline: August 1, 2022 On May 3, 2022, Scorpion Capital released a research report alleging, among other things, that IonQ is a "scam built on phony statements about nearly all key aspects of the technology and business." It further claimed that the Company reported "[f]ictitious ‘revenue' via sham transactions and related-party round-tripping." On this news, the Company's stock fell $0.71, or 9%, to close at $7.15 per share on May 3, 2022, on unusually heavy trading volume. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that IonQ had not yet developed a 32-qubit quantum computer; (2) that the Company's 11-qubit quantum computer suffered from significant error rates, rendering it useless; (3) that IonQ's quantum computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers; (4) that a significant portion of IonQ's revenue was derived from improper round-tripping transactions with related parties; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. For more information on the IonQ class action go to: https://bespc.com/cases/IONQ Energy Transfer LP (NYSE:ET ) Class Period: April 13, 2017 – December 20, 2021 Lead Plaintiff Deadline: August 2, 2022 Energy Transfer is a Delaware company headquartered in Dallas, Texas. Energy Transfer is a company engaged in natural gas and propane pipeline transport. It was founded in 1996 and became a publicly traded partnership in 2006. The Partnership through its subsidiaries provides transportation, storage, and terminalling services for products like natural gas, crude oil, NGL, and refined products. The Partnership also constructs natural gas pipelines through its various subsidiaries. On April 13, 2017, the horizontal directional drilling activities ("HDD") for the Rover Pipeline Project, one of the Partnership's natural gas pipeline construction projects, caused a large inadvertent release of drilling mud near the Tuscarawas River in Ohio. On August 8, 2019, Energy Transfer filed its quarterly report on Form 10-Q with the SEC, reporting the Partnership's financial and operating results for the second quarter ended June 30, 2019. This quarterly report disclosed ... Full story available on Benzinga.com
SweepCast