Core Viewpoint - The Fermi Inc. class action lawsuit alleges that the company and its executives made misleading statements regarding its Project Matador, leading to significant financial losses for investors following the termination of a key funding agreement [3][4][5]. Group 1: Class Action Lawsuit Details - The lawsuit is titled Lupia v. Fermi Inc. and was filed in the Southern District of New York, with a deadline of March 6, 2026, for investors to seek lead plaintiff status [1]. - The class period for the lawsuit includes transactions from October 1, 2025, to December 11, 2025, during which Fermi's common stock was sold at $21.00 per share in its IPO [1][2]. - Allegations include overstating tenant demand for Project Matador and failing to disclose reliance on a single tenant's funding commitment [3]. Group 2: Financial Impact - Following the announcement that the first tenant for Project Matador terminated a $150 million funding agreement, Fermi's stock price dropped nearly 34% [4]. - The stock price has since fallen to as low as $8.59 per share, representing a 59% decline from the IPO price [5]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows investors to seek lead plaintiff status if they purchased Fermi common stock during the class period [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].
FRMI INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Fermi Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit