Dow(US:DOW) Globenewswireยท2025-09-15 15:12Core Viewpoint - The Dow class action lawsuit alleges that Dow Inc. and its executives made misleading statements regarding the company's financial health and ability to manage macroeconomic challenges, leading to significant investor losses during the specified class period [3][4][5]. Group 1: Class Action Details - The class action lawsuit is titled Sarti v. Dow Inc., No. 25-cv-12744 (E.D. Mich.), and it involves purchasers of Dow securities from January 30, 2025, to July 23, 2025 [1]. - Investors have until October 28, 2025, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims that Dow overstated its ability to handle macroeconomic and tariff-related challenges, which negatively impacted its business and financial condition [3]. Group 2: Allegations and Financial Impact - The lawsuit alleges that on June 23, 2025, BMO Capital downgraded Dow's stock from "Market Perform" to "Underperform," reducing the price target from $29.00 to $22.00, which was attributed to ongoing weakness in key markets [4]. - Following this downgrade, Dow's stock price fell by over 3% [4]. - On July 24, 2025, Dow reported a non-GAAP loss per share of $0.42, significantly worse than the expected loss of approximately $0.17 to $0.18, with net sales of $10.1 billion, a 7.3% year-over-year decline [5]. - Dow's CEO attributed the disappointing results to a challenging earnings environment and announced a dividend cut from $0.70 to $0.35 per share, leading to a stock price drop of over 17% [5]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Dow securities during the class period to seek lead plaintiff status [6]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [7][8].