On or around 12/30/2020 (Date of last review)
Filing Date: July 08, 2020
According to the Complaint, J2 Global, through its subsidiaries, purports to provide Internet services worldwide. The Company operates through three segments: Fax and Martech; Voice, Backup, Security, and Consumer Privacy and Protection; and Digital Media.
The Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (1) J2 Global engaged in undisclosed related party transactions; (2) J2 Global used misleading accounting to hide requisite impairments and underperformance in acquisitions; (3) several so-called independent members of the Company’ board of directors and audit committee were not disinterested; and (4) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
On October 13, 2020, the Court granted a motion for appointment as Lead Plaintiff and approved the selection of Lead Counsel. Lead Plaintiff filed a consolidated Complaint on November 19.
Company & Securities Information
Defendant: J2 Global, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: JCOM
Company Market: NASDAQ
Market Status: Public (Listed)
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