GlobeNewswire Inc | Jul 14, 2020 08:55AM EDT

July 14, 2020

SAN FRANCISCO, July 14, 2020 (GLOBE NEWSWIRE) -- Hagens Berman urges investors in J2 Global, Inc. (NASDAQ: JCOM) to submit their losses now. A securities fraud lawsuit has been filed, and certain investors may have valuable claims.

Class Period Oct. 5, 2015 June 29, 2020Lead Plaintiff Deadline Sep. 8, 2020Visit www.hbsslaw.com/investor-fraud/JCOMContact An Attorney Now JCOM@hbsslaw.com|844-916-0895

J2 Global (JCOM) Securities Fraud Class Action:

J2 Global is a digital media roll-up that has acquired 186 businesses since its inception. Its CEO describes the Companys acquisition system as its single great competitive advantage.

The complaint alleges that Defendants throughout the Class Period misrepresented and concealed that: (1) J2 Global engaged in undisclosed related party transactions; (2) J2 Global used misleading accounting to hide requisite impairments and underperformance in acquisitions; and (3) several so-called independent members of the Company board of directors and audit committee were not disinterested.

The complaint alleges that investors began to learn the truth on June 30, 2020, when research firm Hindenburg released a scathing report about J2 accusing the Company of engaging in undisclosed related party transactions and accounting manipulation.Hindenburg stated [w]e believe J2s opaque acquisition approach has opened the door to egregious insider self-enrichment, which we believe approximates $117 million to $172 million and concluded We Believe J2 Globals Equity Is Uninvestable.

In response, the price of J2 Global shares traded sharply lower.

Were focused on investors losses and proving J2 Global intentionally misrepresented the success of its roll-up strategy, said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you purchased shares of J2 Global and suffered significant losses, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding J2 should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email JCOM@hbsslaw.com.

About Hagens Berman Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact: Reed Kathrein, 844-916-0895