Dow(US:DOW) Globenewswire·2025-10-11 14:05Core Viewpoint - The article discusses a class action lawsuit against Dow Inc. for alleged violations of the Securities Exchange Act of 1934, with claims that the company misrepresented its financial health and ability to manage macroeconomic challenges during a specified class period [1][3]. Summary by Sections Class Action Lawsuit Details - The lawsuit, titled Sarti v. Dow Inc., allows purchasers of Dow securities from January 30, 2025, to July 23, 2025, to seek lead plaintiff status by October 28, 2025 [1]. - The allegations include that Dow overstated its ability to handle macroeconomic and tariff-related challenges and understated the negative impacts on its business [3]. Financial Performance and Market Reactions - 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, citing 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]. Legal Process for Lead Plaintiff - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Dow securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [6]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7].