$PLUG Stock Announcement: Plug Power Inc. Investors May Have Been Affected by Fraud and Are Urged to Contact BFA Law Before April 3 Class Action Deadline
TMX Newsfile· 2026-02-16 11:36
Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Plug Power provides hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets and develops infrastructure such as hydrogen production plants [4]. Legal Proceedings - Investors have until April 3, 2026, to request to lead the case in the U.S. District Court for the Northern District of New York, under the caption Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. Allegations - The lawsuit claims that Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance the construction of hydrogen production facilities [4]. Stock Performance - On October 7, 2025, Plug Power's stock dropped by $0.26 per share (6.3%) following the announcement of the abrupt departure of its CEO and President [5]. - On November 10, 2025, the stock fell by $0.09 per share (3.4%) after the company suspended activities under the DOE loan program [6]. - A further drop of $0.48 per share (17.6%) occurred on November 14, 2025, after reports confirmed the suspension of plans to construct hydrogen production facilities, jeopardizing the $1.66 billion DOE loan [7].
$HUBG Stock Announcement: Hub Group Inc. Investors may have been Affected by Fraud and are Urged to Contact BFA Law
TMX Newsfile· 2026-02-16 11:36
Core Viewpoint - Hub Group Inc. is under investigation for potential violations of federal securities laws related to misrepresentation of financial data, specifically concerning purchased transportation costs and accounts payable for the first nine months of 2025 [2][3]. Company Overview - Hub Group is a major supply chain solutions provider in North America, specializing in transportation and logistics management services [2]. Investigation Details - The investigation by Bleichmar Fonti & Auld LLP focuses on whether Hub Group misrepresented its financial statements, particularly regarding purchased transportation costs and accounts payable [2]. - The firm is encouraging investors to seek additional information and consider their legal options [5]. Stock Performance - Following the announcement of a delay in the release of its fourth quarter and full year 2025 financial results, Hub Group's stock price dropped over 24% on February 6, 2026 [3][4]. - The delay was attributed to an error that understated purchased transportation costs and accounts payable, with no estimate provided for the financial impact or a timeline for restatement [3].
$FRMI Stock Announcement: Fermi Inc. Investors May Have Been Affected by Fraud and Are Urged to Contact BFA Law Before March 6 Class Action Deadline
TMX Newsfile· 2026-02-16 11:36
Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drops linked to alleged violations of federal securities laws [1][3]. Company Overview - Fermi Inc. is an energy and AI infrastructure company focused on building large-scale nuclear reactors to support grid-independent data centers for AI workloads [4]. - The company's flagship project is Project Matador, designed to provide dedicated power for AI operations [4]. IPO and Allegations - Fermi completed its IPO in October 2025, claiming strong demand for Project Matador and securing a 20-year lease with an investment-grade-rated tenant [5]. - Allegations suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Stock Performance - Following the announcement that the First Tenant terminated the Advance in Aid of Construction Agreement, Fermi's stock dropped by $5.16, or over 33%, from $15.25 to $10.09 per share on December 12, 2025 [7].
$ARDT Stock Announcement: Ardent Health Investors may have been Affected by Fraud and are Urged to Contact BFA Law before March 9 Class Action Deadline
TMX Newsfile· 2026-02-16 11:36
Core Viewpoint - A class action lawsuit has been filed against Ardent Health, Inc. and its senior executives for securities fraud, following a significant drop in stock price due to alleged violations of federal securities laws [1][3]. Company Overview - Ardent Health, Inc. operates acute care hospitals and other healthcare facilities, with a focus on the collection of accounts receivable [4]. Allegations of Fraud - The lawsuit claims that Ardent Health misrepresented its process for determining the collectability of accounts receivable, stating it relied on "detailed reviews of historical collections," while in reality, it used a "180-day cliff" method, which inflated reported accounts receivable and delayed loss recognition [4]. Stock Price Impact - On November 12, 2025, Ardent Health disclosed a $43 million revenue decrease for the quarter and increased its professional liability reserves by $54 million, leading to a stock price drop of $4.75 per share, or over 33%, from $14.05 to $9.30 per share [5]. Legal Proceedings - Investors have until March 9, 2026, to request to lead the case in the U.S. District Court for the Middle District of Tennessee, under the caption Postiwala v. Ardent Health, Inc., et al. [3].
$BRBR Stock Announcement: BellRing Brands, Inc. Investors may have been Affected by Fraud and are Urged to Contact BFA Law before March 23 Class Action Deadline
TMX Newsfile· 2026-02-16 11:36
Core Viewpoint - A class action lawsuit has been filed against BellRing Brands, Inc. and certain senior executives for securities fraud, following a significant drop in stock price attributed to potential violations of federal securities laws [1][3]. Company Overview - BellRing Brands, Inc. develops, markets, and sells "convenient nutrition" products, primarily known for its ready-to-drink protein shakes under the Premier Protein brand [4]. Allegations of Securities Fraud - The lawsuit claims that BellRing misrepresented sales growth as being driven by increased consumer demand, while in reality, sales were inflated due to key customers stockpiling inventory. The company downplayed competitive pressures, asserting it had a "competitive moat" in the ready-to-drink category [4]. - The complaint is based on violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors in BellRing securities [3]. Stock Price Decline - On May 6, 2025, BellRing's CFO disclosed that several key retailers had reduced their inventory levels, leading to a projected mid-single-digit headwind for Q3 growth. This announcement caused the stock price to drop by $14.88, or 19%, from $78.43 to $63.55 per share [5]. - Following the Q3 2025 financial results reported on August 4, 2025, which included a narrowed fiscal year outlook, the stock price fell by $17.46, or nearly 33%, from $53.64 to $36.18 per share on August 5, 2025 [6][7].
$CRWV Stock Announcement: CoreWeave, Inc. Investors May Have Been Affected by Fraud and Are Urged to Contact BFA Law Before March 13 Class Action Deadline
TMX Newsfile· 2026-02-16 11:36
Core Points - A class action lawsuit has been filed against CoreWeave, Inc. and certain senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][3] - Investors are encouraged to seek additional information regarding the lawsuit and their legal options [2][9] Company Overview - CoreWeave is an AI-focused cloud computing company that operates data centers providing high-performance GPU infrastructure [4] - The company relies on partnerships, including a merger agreement with Core Scientific announced on July 7, 2025 [4] Allegations and Stock Performance - CoreWeave allegedly overstated its ability to meet customer demand and concealed significant construction delays at its data centers [5] - The stock price dropped significantly due to various announcements: - On October 30, 2025, the stock fell by $8.87 (over 6%) after Core Scientific failed to secure enough shareholder votes for the merger, dropping from $139.93 to $131.06 [6] - On November 10, 2025, the stock dropped by $17.22 (over 16%) after CoreWeave lowered its guidance for revenue and other metrics, falling from $105.61 to $88.39 [7] - On December 15, 2025, the stock decreased by $2.85 (over 3%) following reports of delays in a major data center project, dropping from $72.35 to $69.50 [8]
$PFSI Stock Announcement: PennyMac Financial Services, Inc. Investors May Have Been Affected by Fraud and Are Urged to Contact BFA Law
TMX Newsfile· 2026-02-16 11:36
Group 1: Investigation Overview - Bleichmar Fonti & Auld LLP is investigating PennyMac Financial Services, Inc. for potential violations of federal securities laws [1] - The investigation focuses on whether PennyMac misrepresented its ability to recapture customers refinancing their mortgages as interest rates declined [3] Group 2: Business Operations and Market Context - PennyMac originates and services home mortgages and has recently increased its capacity to originate loans to retain borrowers seeking to refinance [2] - The company reported improved recapture rates to investors, indicating a positive outlook during a period of declining interest rates [2] Group 3: Financial Performance and Stock Impact - On January 29, 2026, PennyMac reported disappointing financial results for Q4 2025, which led to a significant stock price drop of over 37% [4] - The stock fell from $140.70 per share at the close of trading on January 29, 2026, to as low as $93.50 per share on January 30, 2026, due to increased competition in the mortgage origination market [4]
The Trump Tariffs Are Having a Noticeable Impact on the Stock Market and It's Raising a Big Red Flag Right Now
Yahoo Finance· 2026-02-16 11:35
The immediate impact of President Trump's tariff announcements on the stock market last April was hard to miss. The S&P 500 (SNPINDEX: ^GSPC) experienced one of its worst two-day declines in history following the announcement. The Nasdaq Composite (NASDAQINDEX: ^IXIC) fared even worse. The only thing that prevented the indexes from falling into bear-market territory was the President's reversal of many of the tariffs announced just days prior. Many of the planned tariffs went into effect after a few modi ...
Hungary asks Croatia for help after Russian oil flows via Ukraine halted
Reuters· 2026-02-16 11:34
Hungary asks Croatia for help after Russian oil flows via Ukraine halted | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel[1/2]Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, ...
Bio-Techne's Ella Platform Achieves CE-IVD Marking Expanding Access to Rapid, Cartridge‑Based Immunoassays for European Clinical Laboratories
Prnewswire· 2026-02-16 11:30
Core Insights - Bio-Techne Corporation's Ella benchtop immunoassay platform has received CE-IVD marking, allowing it to be sold in the European Union, which enhances its usability in clinical settings [1][1][1] Product Features - The Ella platform is a compact, cartridge-based immunoassay system that provides accurate biomarker results in under 90 minutes with minimal hands-on time, reducing operator variability and ensuring high-quality, reproducible data [1][1][1] - It is compatible with Simple Plex™ assays, which are for research use only, and includes over 390 analytes across various fields such as neuroscience, immunology, oncology, and cell and gene therapy [1][1][1] Strategic Importance - The CE-IVD certification signifies compliance with the European Union's In Vitro Diagnostic Regulation, confirming the platform's safety, performance, and reliability for clinical use [1][1][1] - This certification allows hospitals and clinical laboratories in Europe to utilize Ella for in-house test development and clinical trials, supporting Bio-Techne's goal of advancing precision medicine [1][1][1] Company Overview - Bio-Techne Corporation generated over $1.2 billion in net sales in fiscal 2025 and employs approximately 3,100 people globally, providing innovative tools and bioactive reagents for research and clinical diagnostics [1][1][1]