News

Hallmark is a specialty property and casualty insurance company.  During the  month of March 2020, Hallmark’s shares experienced a precipitous fall as a result of a series of alarming announcements.  First, on March 2, 2020, Hallmark issued a press release, announcing its decision to “exit from the Binding Primary Auto portfolio, which represented approximately $114 million of the Company’s gross…

Lowey Dannenberg is investigating Celanese Corporation (“Celanese” or the “Company”) (NYSE: CE) and certain of its officers and/or directors for potential violation of federal securities laws or other unlawful business practices in connection with the Company’s subsidiaries and their potential involvement in anticompetitive conduct, which subjected the Company to regulatory scrutiny by the European Commission (“EU”).  On January 30, 2020,…

Lowey Dannenberg is investigating Matrix Service Company (“Matrix” or the “Company”) (NASDAQ: MTRX) and certain of its officers and/or directors for potential violation of federal securities laws or other unlawful business practices in connection with Matrix’s disclosures relating to the Company’s performance in its electrical infrastructure segment.  More specifically, Matrix is suspected to have mislead investors regarding the operational processes…

Lowey Dannenberg is investigating Hanmi Bank (“Hanmi” or the “Company”) (NASDAQ: HAFC) and certain of its officers and/or directors for potential violation of federal securities laws or other unlawful business practices in connection with its regulatory reporting of its financial results. On January 28, 2020, the Company released its fourth quarter financial results, missing analysts’ earnings predictions and disappointing investors. …

Lowey Dannenberg is investigating Alpha & Omega Semiconductor (“Alpha & Omega” or the “Company”) (NASDAQ: AOSL) and certain of its officers and/or directors for potential violation of federal securities laws or other unlawful business practices in connection with the Company’s business transactions with certain foreign entities. More specifically, Alpha & Omega failed to disclose that the Company’s internal controls and…