GlobeNewswire Inc | Aug 5, 2020 11:00AM EDT

August 05, 2020

BENSALEM, Pa., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

United States Oil Fund, LP (NYSE: USO)Class Period: March 19, 2020 - April 28, 2020Lead Plaintiff Deadline: August 18, 2020

Shareholders with $500,000 in losses or more are encouraged to contact the firm

The complaint alleges that throughout the Class Period, defendants stated that USO would achieve its investment objective by investing substantially all of its portfolio assets in the near month WTI futures contract. However, unbeknownst to investors, USO's purported investment objective and strategy was unfeasible due to market conditions in early 2020, including a "super contango" in which the futures prices for oil substantially exceeded the spot price because storage facilities in Cushing, Oklahoma approached capacity. Instead of revealing the known impacts and risks, USO held an offering of billions of dollars of USO shares in March 2020.

PlayAGS, Inc. (NYSE: AGS)Class Period: August 2, 2018 - August 7, 2019Lead Plaintiff Deadline: August 24, 2020

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 Companys business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that PlayAGS was experiencing challenges in its business in Oklahoma; (2) that, as a result, the Companys recurring revenue would be negatively impacted; (3) that PlayAGS was experiencing challenges in its Interactive business segment, including delays in securing regulatory approvals and relevant licenses; (4) that, as a result of the foregoing, PlayAGS was reasonably likely to record a goodwill impairment; and (5) that as a result, Defendants statements about the Companys business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Brookdale Senior Living Inc. (NYSE: BKD)Class Period: August 10, 2016 - April 29, 2020Lead Plaintiff Deadline: August 24, 2020

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 Companys business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Brookdales financial performance was sustained by, among other things, the Companys purposeful understaffing of its senior living communities; (2) that the foregoing conduct subjected Brookdale to an increased risk of litigation and, once revealed, was foreseeably likely to have a material negative impact on the Companys financial results and reputation; (3) as a result, the Companys financial results were unsustainable; and (4) as a result, the Companys public statements were materially false and misleading at all relevant times.

Cheetah Mobile, Inc. (NYSE: CMCM)Class Period: March 25, 2019 - February 20, 2020Lead Plaintiff Deadline: August 25, 2020

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 Companys business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that certain of Cheetah Mobiles apps were not compliant with the terms of its agreements with Google; (2) that, as a result there was a reasonable likelihood that Google would terminate its advertising contracts with the Company; (3) that, as a result of the foregoing, the Companys ability to attract new users would be adversely impacted; (4) that, as a result, the Companys revenue was reasonably likely to decline; and (5) that as a result, Defendants statements about the Companys business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish tolearn moreabout these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email tohowardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com