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ARE DEADLINE ALERT: Alexandria Real Estate Equities, Inc. Investors Urged to Contact Kirby McInerney LLP About Class Action Lawsuit
Businesswire· 2025-12-18 01:00
Core Viewpoint - Alexandria Real Estate Equities, Inc. is facing a federal securities class action lawsuit due to allegations of misleading information regarding its leasing spreads, development pipeline, and occupancy growth, particularly concerning its Long Island City property [3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Alexandria securities between January 27, 2025, and October 27, 2025, alleging that the company lacked reliable information about its life-science properties [3]. - It is claimed that Alexandria's optimistic reports about its development pipeline and occupancy rates were materially misleading, as the value and growth potential of its Long Island City property had been declining for years [3]. Group 2: Financial Performance - On October 27, 2025, Alexandria reported Q3 2025 financial results that did not meet analyst expectations, showing declining revenues and a 7% decrease in adjusted funds from operations [4]. - The financial report included a real estate impairment charge of $323.9 million, with $206 million attributed to the Long Island City property, leading to a significant drop in share price by approximately 19.17% from $77.87 to $62.94 [4].
FLY DEADLINE: Firefly Aerospace Inc. Investors Encouraged to Contact Kirby McInerney LLP Before Looming Deadline in Lawsuit
Globenewswire· 2025-12-16 23:00
Core Viewpoint - A class action lawsuit has been filed against Firefly Aerospace Inc. for alleged securities fraud during the period from August 4, 2025, to September 29, 2025, claiming misleading statements in their IPO documents and overstated operational capabilities [3]. Group 1: Lawsuit Details - The lawsuit alleges that Firefly's Offering Documents for its August 2025 IPO contained untrue statements and omitted necessary facts, failing to comply with regulatory standards [3]. - It is claimed that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings and the operational readiness of its Alpha rocket program [3]. Group 2: Financial Performance - Firefly conducted its IPO on August 7, 2025, selling 19.296 million shares at $45.00 per share [4]. - In its first earnings report as a public company on September 22, 2025, Firefly reported a loss of $80.3 million, or $5.78 per share, compared to a loss of $58.7 million, or $4.60 per share, for the same quarter in 2024 [5]. - Revenue for the second quarter of 2025 was reported at $15.55 million, below analyst estimates of $17.25 million and down 26.2% year-over-year [5]. - The Spacecraft Solutions segment generated only $9.2 million in revenue, reflecting a 49% year-over-year decrease [5]. Group 3: Stock Price Impact - Following the earnings report, Firefly's share price dropped by $7.58, or approximately 15.3%, from $49.52 to $41.94 [5]. - After the disclosure of a failure in the Alpha Flight 7 rocket on September 29, 2025, shares fell by $7.64, or about 20.7%, from $36.96 to $29.32 [6].
Fermi Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (FRMI)
Globenewswire· 2025-12-15 23:00
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against Fermi Inc. regarding possible violations of federal securities laws or unlawful business practices [1]. Group 1: Company Overview - Fermi Inc. began trading on NASDAQ on October 1, 2025, at a price of $21.00 per share following its Initial Public Offering [3]. - The company faced a significant setback when its first tenant for the Project Matador AI campus terminated a $150 million Advance in Aid of Construction Agreement [3]. Group 2: Market Reaction - Following the announcement of the tenant's termination, Fermi's share price dropped by $5.16, which is approximately 33.8%, closing at $10.09 on December 12, 2025, down from $15.25 on December 11, 2025 [3].
DEFT ALERT: Kirby McInerney LLP Reminds DeFi Technologies Investors of Important Deadline in Class Action Lawsuit
Businesswire· 2025-12-12 23:00
Core Viewpoint - The lawsuit against DeFi Technologies alleges that the company made misleading statements regarding its financial performance and competitive landscape, leading to significant losses for investors during the specified class period [2]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased securities from May 12, 2025, to November 14, 2025, alleging false statements and omissions regarding the company's DeFi arbitrage strategy and competition [2]. - Key allegations include delays in executing the DeFi arbitrage strategy, understatement of competition from digital asset treasury companies, and an inability to meet previously issued revenue guidance for fiscal year 2025 [2]. Group 2: Financial Impact - On November 6, 2025, DeFi's share price fell by approximately 7.43%, from $1.75 to $1.62, following a press release indicating that digital asset treasury companies had absorbed a significant share of arbitrage opportunities [3]. - Following the Q3 2025 financial results announcement on November 14, 2025, which reported a nearly 20% revenue decline and a lowered revenue forecast from $218.6 million to approximately $116.6 million, the share price dropped by about 14.63%, from $1.23 to $1.05 [4].
STUB ALERT: Kirby McInerney LLP Reminds StubHub Holdings, Inc. Investors of Important Deadline in Class Action Lawsuit
Businesswire· 2025-12-11 23:00
Core Viewpoint - StubHub Holdings, Inc. is facing a securities fraud class action lawsuit due to alleged misleading information in its IPO offering documents, particularly regarding free cash flow and vendor payment timing [2][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased securities during StubHub's September 2025 IPO, claiming the company failed to disclose significant changes affecting free cash flow [2]. - Allegations include that the changes in vendor payment timing had a substantial adverse impact on free cash flow, leading to materially misleading reports [2]. Group 2: Financial Impact - In its first earnings report post-IPO on November 13, 2025, StubHub reported a free cash flow of negative $4.6 million for Q3 2025, a 143% decrease from the previous year's positive $10.6 million [3]. - Following this earnings report, StubHub's stock price dropped by $3.95 per share, approximately 21.0%, from $18.82 to $14.87 [3]. - By November 24, 2025, the stock price further declined to $12.01, nearly 50% below the IPO price of $23.50 per share [4].
FI: Kirby McInerney LLP Advises Fiserv, Inc. Investors of Class Action Lawsuit
Globenewswire· 2025-12-10 23:00
Core Viewpoint - Fiserv, Inc. is facing a securities fraud class action lawsuit due to misleading statements and omissions regarding its business initiatives during the specified class period [3][4]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased Fiserv securities from July 23, 2025, to October 29, 2025 [3]. - Allegations include that Fiserv made misleading statements about its initiatives and projects [3]. Impact on Stock Price - On October 29, 2025, Fiserv disclosed that its 2025 guidance was based on assumptions that were difficult to achieve, leading to a significant stock price drop of $55.57, or approximately 44%, from $126.17 to $70.60 [4]. Investor Actions - Investors who suffered losses on Fiserv investments have until January 5, 2026, to request lead plaintiff appointment [2]. - The law firm Kirby McInerney LLP is encouraging affected investors to contact them for discussions regarding their rights at no cost [1][4].
FLY INVESTORS: Contact Kirby McInerney LLP About Securities Class Action Lawsuit On Behalf of Firefly Aerospace Inc.
Businesswire· 2025-12-10 23:00
Core Viewpoint - Firefly Aerospace Inc. is facing a class action lawsuit due to alleged misleading statements in its IPO documents and overstated growth prospects, particularly regarding its Spacecraft Solutions and Alpha rocket program [1]. Group 1: IPO and Financial Performance - Firefly conducted its IPO on August 7, 2025, selling 19.296 million shares at $45.00 per share [2]. - In its first earnings report as a public company on September 22, 2025, Firefly reported a loss of $80.3 million, or $5.78 per share, compared to a loss of $58.7 million, or $4.60 per share, for the same quarter in 2024 [3]. - The company's revenue was $15.55 million, which was below analyst estimates of $17.25 million and represented a 26.2% decrease from the same quarter in 2024 [3]. - Revenue from the Spacecraft Solutions segment was only $9.2 million, indicating a 49% year-over-year decrease [3]. Group 2: Stock Price Reaction - Following the earnings report, Firefly's share price dropped by $7.58, or approximately 15.3%, from $49.52 on September 22, 2025, to $41.94 on September 23, 2025 [3]. - After the disclosure of a failure in the Alpha Flight 7 rocket on September 29, 2025, shares fell by $7.64, or about 20.7%, from $36.96 to $29.32 [4]. Group 3: Legal Implications - The class action lawsuit claims that Firefly's IPO documents contained untrue statements and omitted necessary facts, leading to misleading information for investors [1]. - The lawsuit also alleges that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings and the operational readiness of its Alpha rocket program [1].
Venu Holding Corporation INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (VENU)
Globenewswire· 2025-12-10 23:00
Core Viewpoint - Venu Holding Corporation is under investigation for potential violations of federal securities laws and unlawful business practices by its senior management [1]. Group 1: Company Overview - Venu conducted its initial public offering on November 27, 2024, offering 1.2 million shares at a price of $10.00 per share [3]. - The company reported third-quarter financial results on November 14, 2025, with revenue of $5.38 million, which is a 1.3% decline year-over-year and $2.05 million below consensus estimates [3]. Group 2: Market Reaction - Following the financial results announcement, Venu's share price dropped by $2.37, or approximately 21.45%, from $11.05 on November 14, 2025, to close at $8.68 on November 17, 2025 [3].
Anika Therapeutics, Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors ANIK
Globenewswire· 2025-12-06 01:00
Core Viewpoint - Anika Therapeutics, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following the release of disappointing clinical trial results for its product Hyalofast [1][3]. Group 1: Investigation Details - The law firm Kirby McInerney LLP is leading the investigation into Anika Therapeutics [1]. - The investigation focuses on whether Anika and/or its senior management engaged in unlawful practices related to the company's securities [1]. Group 2: Clinical Trial Results - On July 30, 2025, Anika announced topline results from a clinical trial of Hyalofast, which is a resorbable hyaluronic acid scaffold for cartilage repair [3]. - The trial showed consistent improvements in treated patients compared to microfracture, but did not meet its pre-specified co-primary endpoints [3]. - Factors affecting the trial results included a higher dropout rate in the microfracture arm and missed visits during COVID, leading to missing data and a reduced evaluable sample size [3]. - Following the announcement, Anika's share price fell by $3.06, or approximately 27.42%, closing at $8.10 per share [3].
FI ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Fiserv, Inc. Investors
Businesswire· 2025-12-06 01:00
Core Viewpoint - A class action lawsuit has been filed against Fiserv, Inc. for allegedly making misleading statements regarding its initiatives and projects during the class period from July 23, 2025, to October 29, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fiserv's 2025 guidance, disclosed in July 2025, was based on assumptions that were "objectively difficult to achieve" [2]. - Following the revelation of these assumptions, Fiserv's share price dropped by $55.57, approximately 44%, from $126.17 on October 28, 2025, to $70.60 on October 29, 2025 [2]. Group 2: Lead Plaintiff Process - Investors who acquired Fiserv securities during the class period can seek appointment as lead plaintiff in the class action lawsuit, with courts typically appointing those with the largest financial loss [3]. - Lead plaintiffs have the authority to influence case strategy, settlement decisions, and allocation of settlement funds among class members [3]. Group 3: Contact Information - Investors who purchased or acquired Fiserv securities and wish to learn more about the investigation can contact Kirby McInerney LLP for further information [4].