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Kirby McInerney LLP Reminds Neogen Corporation Investors of Class Action Filing and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-08-26 17:07
Core Viewpoint - Neogen Corporation is facing a class action lawsuit due to significant financial misrepresentations and integration issues related to its acquisition of 3M's food safety business, which led to substantial losses for investors during the specified class period [1][6]. Financial Performance - On January 10, 2025, Neogen reported a GAAP net income that was significantly negative, primarily due to a $461 million non-cash goodwill impairment charge related to the 3M acquisition, resulting in a share price decline from $13.07 to $12.36, approximately 5% [3]. - On April 9, 2025, Neogen's quarterly revenue fell by 3.4% to $221 million, leading to another cut in FY25 guidance and a share price drop from $7.04 to $5.02, approximately 28% [4]. - On June 4, 2025, Neogen disclosed a material decline in EBITDA margin attributed to elevated inventory write-offs, causing the share price to decline from $6.00 to $4.96, approximately 17% [5]. Lawsuit Details - The lawsuit alleges that Neogen misrepresented the status of the integration with 3M and failed to disclose the negative impacts of integration issues, misleading investors into believing that the integration was progressing smoothly [6].
Kirby McInerney LLP Announces Investigation Against Fortinet, Inc. on Behalf of Investors
GlobeNewswire News Room· 2025-08-25 17:13
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against Fortinet, Inc. regarding possible violations of federal securities laws and unlawful business practices [1][3]. Financial Performance - On August 6, 2025, Fortinet reported its Q2 2025 financial results, indicating that it was "approximately 40% to 50% of the way through the 2026 firewall upgrade cycle" based on remaining active units and service contracts [3]. - The company provided weaker than expected revenue guidance for Q3 2025, projecting revenue between $1.67 billion and $1.73 billion [3]. Stock Market Reaction - Following the financial results announcement, Fortinet's share price fell by $21.28, or approximately 22%, from $96.58 on August 6, 2025, to close at $75.30 on August 7, 2025 [4].
Kirby: Its Robust Fundamentals Justify Its Rebound After The Dip
Seeking Alpha· 2025-08-25 12:13
Group 1 - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, with a focus on banks, telecommunications, logistics, and hotels [1] - The popularity of insurance companies in the Philippines has influenced investment strategies, leading to diversification beyond traditional savings in banks and properties [1] - The trend of investing in blue-chip companies has evolved, with a broader portfolio now including various industries and market capitalizations [1] Group 2 - The entry into the US market has been a strategic move, with insights gained from using a relative's trading account before establishing an independent account [1] - The analysis of US market stocks, particularly in banking, hotels, shipping, and logistics, has been compared to the Philippine market, indicating a cross-market investment strategy [1] - The engagement with platforms like Seeking Alpha has facilitated knowledge sharing and enhanced market analysis capabilities for investors [1]
Kirby McInerney LLP Announces Investigation Against AVITA Medical, Inc. on Behalf of Investors
GlobeNewswire News Room· 2025-08-22 21:52
Core Insights - AVITA Medical, Inc. is under investigation by Kirby McInerney LLP for potential violations of federal securities laws and unlawful business practices [1][3] - The company's second quarter 2025 financial results revealed a significant backlog in unpaid provider claims for its Recell procedures, which negatively impacted demand [3] - AVITA's share price dropped by approximately 21% following the announcement of the backlog, from $5.38 to $4.25 per share [3] Company Overview - AVITA Medical, Inc. is involved in the development and commercialization of wound care products, specifically the Recell system [3] - The company faced challenges due to contractors from the Centers for Medicare & Medicaid Services failing to timely adjudicate claims and assign appropriate pricing for its products [3] Financial Impact - The backlog of unpaid claims accumulated from January to June 2025, leading to uncertainty among providers and a reduction in Recell utilization during the first half of the year [3] - The decline in share price reflects investor concerns regarding the company's operational challenges and financial health [3]
Kirby McInerney LLP Announces Investigation Against Lantheus Holdings, Inc. on Behalf of Investors

GlobeNewswire News Room· 2025-08-22 21:36
Core Viewpoint - Lantheus Holdings, Inc. is under investigation for potential violations of federal securities laws following disappointing Q2 2025 financial results and a significant drop in share price [1][3]. Financial Performance - Lantheus reported Q2 2025 consolidated net revenue of $378 million, a decrease of 4.1% compared to previous periods [3]. - The company lowered its full year 2025 revenue guidance from $1.550 billion - $1.585 billion to $1.475 billion - $1.51 billion [3]. - Adjusted fully diluted EPS guidance was also reduced from $6.60 - $6.70 per share to $5.50 - $5.70 per share [3]. Market Reaction - Following the announcement of disappointing results, Lantheus shares fell by $20.76, or approximately 51.87%, from $72.63 on August 5, 2025, to close at $51.87 on August 6, 2025 [3]. Management Commentary - The CEO of Lantheus cited intensified pricing pressure in the PSMA PET market and a strategic decision to prioritize long-term franchise value over volume at certain accounts [3].
Kirby McInerney LLP Announces Investigation Against Nutex Health Inc. on Behalf of Investors
GlobeNewswire News Room· 2025-08-20 16:27
Core Viewpoint - Nutex Health Inc. is under investigation for potential violations of federal securities laws and unlawful business practices, following a significant surge in its share price and subsequent allegations of fraudulent activities related to its revenue reporting [1][3]. Group 1: Share Price Surge and Allegations - On July 22, 2025, Blue Orca Capital published a report claiming that Nutex's recent 20-fold share price increase was artificially inflated by a third-party vendor, HaloMD, which allegedly facilitated inflated billing awards [3]. - The report indicated that multiple federal lawsuits have been filed against HaloMD, alleging a fraudulent scheme that siphoned millions from insurers, raising doubts about the legitimacy of Nutex's reported revenue [3]. - Following the report, Nutex's share price fell by $11.18, approximately 10.05%, from $111.19 on July 21, 2025, to $100.01 on July 22, 2025 [3]. Group 2: Delay in Financial Reporting - On August 14, 2025, Nutex announced a delay in filing its quarterly financial statements for the period ending June 30, 2025, due to incomplete accounting adjustments [4]. - This announcement led to a further decline in Nutex's share price by $18.22, or approximately 16.39%, from $111.13 on August 14, 2025, to close at $92.91 on August 15, 2025 [4].
Kirby McInerney LLP Announces Investigation Against National Grid plc on Behalf of Investors
GlobeNewswire News Room· 2025-08-19 20:42
Group 1 - The law firm Kirby McInerney LLP is investigating potential claims against National Grid USA Service Company, Inc. for possible violations of federal securities laws and unlawful business practices [1] - A report by the National Energy System Operator revealed that a fire at Heathrow Airport was caused by a known fault at an electrical substation owned by National Grid, which the company had been aware of since 2018 but failed to address [3] - Following the release of the NESO report, National Grid's American Depositary Receipt (ADR) price fell by $3.77, or approximately 5.07%, from $74.38 to $70.61 [3] Group 2 - Kirby McInerney LLP specializes in securities litigation and has achieved recoveries totaling billions of dollars for shareholders [6]
Kirby McInerney LLP Announces Investigation Against BellRing Brands, Inc. on Behalf of Investors
GlobeNewswire News Room· 2025-08-19 20:16
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against BellRing Brands, Inc. regarding possible violations of federal securities laws and unlawful business practices [1] Group 1: Company Performance - On May 5, 2025, BellRing announced that several key retailers had lowered their weeks of supply on hand starting in Q2 2023, which would negatively impact Q3 2025 growth. The company also stated it would expand promotions to boost sales and offset reductions in retailer trade inventory levels [3] - Following this announcement, BellRing's share price fell by $13.96, approximately 18%, from $77.34 on May 5, 2025, to close at $63.38 on May 6, 2025 [3] - On August 4, 2025, BellRing reported disappointing quarterly consumption of Premier Protein RTD Shakes, which did not meet expectations of outpacing shipments due to retailer destocking. This led to a share price decline of $17.46, or approximately 33%, from $53.64 on August 4, 2025, to close at $36.18 on August 5, 2025 [4] Group 2: Legal Investigation - The investigation by Kirby McInerney LLP focuses on whether BellRing and/or its officers have engaged in unlawful business practices or violated federal securities laws [1] - The law firm has a history of successful recoveries in securities litigation, totaling billions of dollars for shareholders [7]
Kirby McInerney LLP Announces Investigation Against PubMatic, Inc. on Behalf of Investors
GlobeNewswire News Room· 2025-08-13 20:21
Core Insights - Kirby McInerney LLP is investigating potential claims against PubMatic, Inc. regarding possible violations of federal securities laws and unlawful business practices [1][3] - PubMatic reported a significant revenue decline expected in Q3 2025 due to reduced ad spend from a major demand-side platform (DSP) partner [3] Financial Performance - On August 11, 2025, PubMatic disclosed a headwind from a top DSP buyer that shifted clients to a new platform, impacting revenue [3] - Following the announcement, PubMatic's share price fell by $2.23, approximately 21.1%, from $10.57 to $8.34 [3]
Kirby McInerney LLP Announces Investigation Against Albany International Corporation on Behalf of Investors
GlobeNewswire News Room· 2025-08-12 21:15
Core Viewpoint - Albany International Corporation is under investigation for potential violations of federal securities laws and unlawful business practices, following disappointing financial results that led to a significant drop in share price [1][3]. Financial Performance - On July 30, 2025, Albany reported non-GAAP earnings per share of $0.57, which was $0.16 below consensus estimates [3]. - The company's President and CEO acknowledged that the financial results "lagged our expectations" due to "certain timing and operational issues" [3]. - Following the earnings announcement, Albany's share price fell by $16.77, or approximately 23.63%, from $70.96 to $54.19 [3]. Legal Investigation - Kirby McInerney LLP is investigating potential claims against Albany and its officers regarding possible violations of federal securities laws [1]. - The law firm is reaching out to individuals who purchased Albany securities or have relevant information to discuss their rights [4]. Law Firm Background - Kirby McInerney LLP specializes in securities, antitrust, whistleblower, and consumer litigation, with a history of achieving recoveries totaling billions of dollars for shareholders [6].