Core Viewpoint - The Schall Law Firm is investigating GeneDx Holdings Corp. for potential violations of securities laws, following allegations of widespread fraud as reported by Grizzly Research [1][2]. Group 1: Investigation Details - The investigation centers on whether GeneDx made false or misleading statements and failed to disclose critical information to investors [2]. - Grizzly Research's report claims that GeneDx's growth is largely fabricated, driven by fraudulent practices aimed at exploiting Medicaid and Medicare systems to artificially inflate revenue [2]. - Allegations include that GeneDx has engaged in "code stacking," allowing the company to bill insurance providers for services that do not meet necessary criteria [2]. Group 2: Insider Trading Allegations - The report suggests that CEO Katherine Stueland and CFO Kevin Feeley have consistently sold their shares immediately upon vesting, indicating potential insider knowledge of imminent risks affecting the company [2]. - This pattern of behavior raises concerns about the integrity of the company's financial practices and the potential for significant impacts on its stock value [2].

Core Insights - Pulse Seismic Inc. announced the sale of a seismic data license valued at $13.5 million, contributing significantly to its financial performance [1][2] - Year-to-date revenue from licensing reached $40.0 million, marking a 66% increase compared to the average annual revenue over the last three years [1] - The company has increased its regular quarterly dividend by 17%, bringing the annualized dividend to $0.07 per share, with total dividends paid in 2025 amounting to $11.8 million [3] Financial Performance - Preliminary revenue for the second quarter of 2025 is approximately $17.2 million, including the recent license sale [1] - The company's EBITDA and shareholder free cash flow are expected to benefit from the recent license sale, supported by a low-cost operating structure and strong EBITDA margins [2] - Total dividends declared and paid year-to-date include two regular quarterly dividends and a special dividend, totaling $0.2325 per share [3] Company Overview - Pulse Seismic is a leader in the acquisition, marketing, and licensing of seismic data in the western Canadian energy sector, owning the largest licensable seismic data library in Canada [6] - The seismic data library consists of approximately 65,310 square kilometers of 3D seismic and 829,207 kilometers of 2D seismic, covering the Western Canada Sedimentary Basin [6] - The company focuses on maintaining a strong balance sheet and providing excellent customer care, despite inherent fluctuations in data sales [5]

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Vestis Corporation (NYSE:VSTS) securities between May 2, 2024, and May 6, 2025, due to allegations of misleading statements regarding customer growth and business performance [1][2]. Allegations - The complaint alleges that Vestis Corporation misled investors by failing to disclose its inability to execute strategic initiatives aimed at improving customer experience and onboarding, which were expected to drive new customer growth and revenue [2]. - It is claimed that these misleading statements led to investors purchasing Vestis securities at artificially inflated prices [2]. Financial Performance - On May 7, 2025, Vestis announced disappointing financial results for Q2 of fiscal 2025, withdrew its revenue and growth guidance for the full fiscal year, and provided third-quarter guidance that was significantly below market expectations [3]. - The company attributed its poor performance to "lost business in excess of new business" and "lower adds over stops," indicating a decline in volume changes with existing customers [3]. - Following this announcement, Vestis' stock price plummeted from $8.71 per share on May 6, 2025, to $5.44 per share on May 7, 2025, marking a decline of approximately 37.54% in just one day [3]. Class Action Participation - Shareholders interested in participating in the class action against Vestis Corporation must file a motion for lead plaintiff by August 8, 2025 [4]. - The lead plaintiff will represent other class members in directing the litigation, but participation is not required to be eligible for recovery [4].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Iovance To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Iovance between May 9, 2024 and May 8, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi ...

Reykjavík Energy (Orkuveita Reykjavíkur) is holding a bond auction on Thursday, June 19th, 2025. Bonds in the green bond classes OR031033 GB, OR280845 GB and OR180255 GB will be offered for sale. OR031033 GB bears 8.30% fixed nominal interest and pays equal instalments every six months with a final maturity date of October 3rd, 2033. Previously, bonds with a nominal value of ISK 8,990 million have been issued in the class and admitted to trading on Nasdaq Iceland. OR0280845 GB bears fixed indexed interest a ...

NEW YORK, June 12, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) between February 27, 2025 and May 26, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 11, 2025.So What: If you purchased Rocket Pharmaceuticals securiti ...

The tariff escalations appear to have presented near term obstacles for the continued growth of the online advertising industry. Pinterest (NYSE: PINS ) had been flying high heading into the chaos, but suddenly trades at discounted valuations due to theJulian is the leader of the investing group Best Of Breed Growth Stocks where he only shares positions in stocks which have a large probability of delivering large alpha relative to the S&P 500. He also combines growth-oriented principles with strict valuatio ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Fortrea To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Fortrea between July 3, 2023 and February 28, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) -- Faruqi & ...

Shares of RH jumped more than 15% in extended trading Thursday, as the company stuck by its sales forecast and said it is taking steps to offset higher costs from tariffs. The luxury furniture retailer said it expects full-year revenue to grow by 10% to 13%.Here's how the company did for the three-month period that ended May 3, compared with Wall Street's estimates, according to a survey of analysts by LSEG:Earnings per share: 13 cents adjusted vs. a loss of 9 cents expectedRevenue: $814 million vs. $818 ex ...

Core Viewpoint - Duke Energy Progress has requested a public review of its current rates from South Carolina regulators, seeking a revenue increase of $74.8 million, which equates to a 12.1% rise over existing revenues [2][4]. Rate Increase Details - If approved, typical residential customers using 1,000 kilowatt-hours per month will see their monthly electric bills rise by $21.66, from $144.85 to $166.51, effective February 1, 2026 [2]. - Commercial customers are expected to experience an average increase of 12.8%, while industrial customers will see an average increase of around 3.6% [2]. Company Background - Duke Energy Progress, a subsidiary of Duke Energy, operates with 13,800 megawatts of energy capacity, serving 1.8 million customers across a 28,000-square-mile area in North and South Carolina [5]. - Duke Energy, a Fortune 150 company, serves 8.6 million customers across multiple states and owns a total of 55,100 megawatts of energy capacity [6]. Recent Investments and Improvements - The company has made significant investments to strengthen the grid, improve storm readiness, and enhance customer service, which have contributed to reduced outages [7][9]. - The last regulatory review of rates occurred in 2022, and this request reflects ongoing efforts to meet future energy demands and improve operational excellence [7][8]. Technological Advancements - Smart, self-healing technology has been implemented, which helped restore over 10,000 customer outages during Hurricane Helene, saving more than 28,000 hours of total outage time [8]. Commitment to Energy Transition - Duke Energy is focused on an ambitious energy transition, investing in electric grid upgrades and cleaner energy sources, including natural gas, nuclear, renewables, and energy storage [9].