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AVTR Investor Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Avantor, Inc.
Globenewswire· 2025-10-31 18:50
Core Viewpoint - A class action lawsuit has been filed against Avantor, Inc. for allegedly misleading investors about the company's competitive position and the impact of increased competition on its business performance [1][2]. Summary by Sections Allegations - The lawsuit claims that Avantor's management failed to disclose that the company's competitive positioning was weaker than publicly represented, and that it was negatively affected by increased competition [2]. - It is alleged that the representations made by the defendants regarding the company's business, operations, and prospects were materially false and misleading [2]. Financial Performance - On October 29, 2025, Avantor reported weak third quarter 2025 financial results, including a -5% organic revenue growth, which was below the guidance provided by the defendants in August [3]. - The company reported a net loss of $712 million, primarily due to a non-cash goodwill impairment charge of $785 million, which was attributed to competitive pressures that significantly impacted the company's margins [3]. - Following the announcement of these results, Avantor's stock price fell by $3.50 per share, or over 23%, from $15.08 on October 28, 2025, to $11.58 on October 29, 2025 [3]. Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must submit their papers by December 29, 2025 [4]. - Shareholders can remain absent class members and still be eligible for recovery without taking any action [4].
Class Action Reminder: FTNT Investors Should Contact Robbins LLP for Information About Leading the Fortinet, Inc. Class Action Lawsuit
Prnewswire· 2025-10-29 20:11
Core Viewpoint - A class action lawsuit has been filed against Fortinet, Inc. for allegedly misrepresenting the impact of unit upgrades for FortiGate Firewalls, leading to significant stock price decline after the truth was revealed [1][2][3]. Allegations - The complaint states that Fortinet failed to disclose the difficulty in predicting the total number of FortiGates needing upgrades [2] - It was noted that customers had excess firewall capacity from previous purchases, reducing the necessity for upgrades [2] - The refresh of the FortiGate products was said to have minimal business impact, as it represented only a small percentage of the company's business due to the age of the products [2] Stock Price Impact - Following the revelation of the alleged misrepresentations, Fortinet's stock price dropped over 22%, from $96.58 per share on August 6, 2025, to $75.30 per share on August 7, 2025 [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Fortinet, with options to serve as lead plaintiff or remain an absent class member [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless a recovery is achieved [5].
MoonLake Stockholders with Large Losses are Encouraged to Contact Robbins LLP for Information About the Class Action Against MLTX
Globenewswire· 2025-10-27 21:24
Core Viewpoint - MoonLake Immunotherapeutics, a Swiss clinical-stage biotechnology company, is facing a class action lawsuit for allegedly misleading investors about the efficacy of its drug candidate SLK, which is aimed at treating inflammatory diseases driven by interleukin-17 (IL-17) [1][3]. Company Overview - MoonLake is focused on developing treatments for inflammatory diseases, particularly in dermatology and rheumatology, utilizing a unique Nanobody structure [1]. Legal Allegations - The lawsuit claims that during the class period, MoonLake failed to disclose critical information regarding the efficacy of SLK compared to BIMZELX, an FDA-approved drug. Key points include: - Both SLK and BIMZELX target the same inflammatory cytokines IL-17A and IL-17F [3]. - The distinct Nanobody structure of SLK does not provide a clinical benefit over the traditional monoclonal antibody structure of BIMZELX [3]. - Claims of increased tissue penetration by SLK do not translate to improved clinical efficacy [3]. - The company lacked a reasonable basis for its positive statements regarding SLK's superiority [3]. Stock Performance Impact - Following the announcement of disappointing week-16 results from the Phase 3 VELA program on September 28, 2025, MoonLake's stock price plummeted by $55.75 per share, or 89.9%, closing at $6.24 on September 29, 2025 [4]. Class Action Participation - Shareholders may be eligible to participate in the class action against MoonLake. Those wishing to serve as lead plaintiffs must submit their papers by December 15, 2025 [5]. Legal Representation - Robbins LLP is leading the class action, specializing in shareholder rights litigation and has been active in helping shareholders recover losses and improve corporate governance since 2002 [6].
NX Investors Should Contact Robbins LLP for Information Regarding the Upcoming Lead Plaintiff Deadline in the Quanex Building Products Corporation Class Action
Globenewswire· 2025-10-23 00:57
Core Viewpoint - Quanex Building Products Corporation is facing a class action lawsuit due to alleged operational issues related to the Tyman Acquisition, which were not disclosed to shareholders [1][3]. Summary by Sections Company Overview - Quanex is an international supplier of engineered home components and access solutions for the construction industry, including products like windows, doors, cabinetry, and vinyl [1]. Class Action Details - The class period for the lawsuit is from December 12, 2024, to September 5, 2025 [1]. - The lawsuit was filed on behalf of individuals and entities that purchased or acquired shares of Quanex [1]. Allegations - The complaint alleges that: - The Company's tooling and equipment maintenance procedures at the Tyman Mexico facility were significantly underinvested [3]. - The conditions of tooling and equipment had degraded to near catastrophic levels [3]. - Significant costs were likely to be incurred, delaying the expected benefits from the Tyman integration [3]. - Quanex had previously identified these issues [3]. - Positive statements made by the Company regarding its business and operations were materially misleading [3]. Stock Price Impact - Following the revelation of these issues, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025 [4]. - The stock continued to decline, falling by $1.98, or 10.9%, to close at $16.20 per share on September 8, 2025 [4]. Next Steps for Shareholders - Shareholders may be eligible to participate in the class action and must file their papers by November 18, 2025, if they wish to serve as lead plaintiff [5]. - Shareholders can remain absent class members if they choose not to participate [5].
FLR Investors Should Contact Robbins LLP Regarding the Upcoming Lead Plaintiff Deadline in the Fluor Corporation Cass Action
Globenewswire· 2025-10-23 00:56
Core Viewpoint - Fluor Corporation is facing a class action lawsuit due to allegations of misleading investors regarding its business prospects and financial guidance during the class period from February 28, 2025, to July 31, 2025 [1][3]. Allegations - The lawsuit claims that Fluor failed to disclose increasing costs associated with major projects, including the Gordie Howe International Bridge and I-635/LBJ, due to subcontractor design errors, price increases, and scheduling delays [3]. - It is alleged that these issues, along with reduced capital spending by customers and economic uncertainty, significantly impacted Fluor's business and financial results [3]. - The company's financial guidance for FY 2025 was deemed unreliable, with overstated risk mitigation strategies and understated impacts of economic uncertainty [3]. Financial Results - On August 1, 2025, Fluor reported disappointing Q2 2025 financial results, attributing them to rising costs in infrastructure projects and reduced customer spending [4]. - The adjusted EBITDA guidance was revised down to $475 million to $525 million from a previous range of $575 million to $675 million, and adjusted EPS was lowered to $1.95 to $2.15 from $2.25 to $2.75 [4]. - Following these disclosures, Fluor's stock price dropped by $15.35 per share, or 27.04%, closing at $41.42 per share [4]. Next Steps - Shareholders may participate in the class action against Fluor, with a deadline to submit lead plaintiff papers by November 14, 2025 [5]. - Shareholders can choose to remain absent class members without participating in the case [5].
CYTK Investors Should Contact Robbins LLP Regarding the Upcoming Lead Plaintiff Deadline in the Cytokinetics, Inc. Class Action
Globenewswire· 2025-10-23 00:48
Core Viewpoint - Cytokinetics, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding the timeline for the New Drug Application (NDA) submission and approval process for its drug aficamten [2][3]. Group 1: Company Overview - Cytokinetics is a biopharmaceutical company focused on discovering, developing, and commercializing first-in-class muscle activators and next-in-class muscle inhibitors for treating diseases that compromise muscle performance [1]. Group 2: Legal Allegations - The class action was filed on behalf of shareholders who purchased Cytokinetics securities between December 27, 2023, and May 6, 2025, claiming that the company misled them about the NDA submission timeline for aficamten [2]. - The complaint states that during the class period, Cytokinetics made materially false statements regarding the expected FDA approval for aficamten, which was anticipated in the second half of 2025, and failed to disclose risks related to the submission of a Risk Evaluation and Mitigation Strategy [3]. Group 3: Next Steps for Shareholders - Shareholders interested in participating in the class action must submit their papers by November 17, 2025, to serve as lead plaintiff, representing other class members in the litigation [4].
Cepton, Inc. Stockholders with Large Losses are Encouraged to Contact Robbins LLP for Information About the Class Action Against CPTN
Prnewswire· 2025-10-17 21:43
Core Viewpoint - Cepton, Inc. is facing a class action lawsuit alleging that it misled investors regarding its acquisition by Koito Manufacturing Co., Ltd., which may have deprived shareholders of a better offer [2][4]. Company Overview - Cepton, Inc. was focused on high-performance lidar technologies aimed at enhancing safety and autonomy in the Automotive and Smart Infrastructure markets prior to its merger with Koito Manufacturing Co., Ltd. [1]. Acquisition Details - Koito announced a bid to acquire Cepton for $3.17 per share in cash, with the transaction closing on January 7, 2025 [3]. Allegations in the Lawsuit - The lawsuit claims that Cepton failed to disclose a credible third-party bid that valued the company at more than double the Koito acquisition price [4]. - It is alleged that Cepton's Board of Directors did not adequately explore this third-party offer and did not disclose its terms when recommending the Koito acquisition to shareholders [4]. - As a result, shareholders were allegedly deprived of the opportunity to make an informed decision regarding the acquisition [4]. Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by December 8, 2025 [5].
aTyrPharma, Inc. Stockholders with Large Losses are Encouraged to Contact Robbins LLP for Information About the Class Action Against ATYR
Prnewswire· 2025-10-17 21:42
Core Viewpoint - aTyrPharma, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding the efficacy of its drug candidate, Efzofitimod, during a clinical trial for pulmonary sarcoidosis [1][2]. Group 1: Allegations and Study Results - The lawsuit claims that aTyr's executives provided misleading information about the Phase 3 study's design and the drug's ability to allow patients to taper off steroids completely [2]. - On September 15, 2025, aTyr announced that the EFZO-FIT study did not meet its primary endpoint, specifically the change from baseline in mean daily OSC dose at week 48 [3]. - Following the announcement, aTyr's stock price plummeted from $6.03 per share on September 12, 2025, to $1.02 per share on September 15, 2025, marking an 83.2% decline in a single day [3]. Group 2: Legal Proceedings - Shareholders interested in participating in the class action must submit their papers to the court by December 8, 2025, to serve as lead plaintiff [4]. - The lead plaintiff will represent other class members in directing the litigation, but participation is not required to be eligible for recovery [4].
WPP PLC Stockholders with Large Losses are Encouraged to Contact Robbins LLP for Information About the Class Action Against WPP
Prnewswire· 2025-10-17 21:40
Core Viewpoint - A class action lawsuit has been filed against WPP PLC, alleging that the company misled investors about its business prospects during the class period from February 27, 2025, to July 8, 2025 [1]. Allegations - The complaint claims that WPP's management created a false impression of having reliable information regarding projected revenue and growth, while downplaying risks associated with seasonality and macroeconomic fluctuations [3]. - It is alleged that WPP's optimistic reports on client acquisition and retention were misleading, as the company's media division was losing market share and was not effectively competitive [3]. Impact of Trading Update - On July 9, 2025, WPP issued a trading update indicating a deterioration in performance, attributing this to macroeconomic uncertainties affecting client spending and weaker new business than expected, partly due to ongoing restructuring within WPP Media (GroupM) [4]. - Following this announcement, WPP's stock price fell from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking a decline of approximately 18.1% [4].
Marex Group PLC Stockholders with Large Losses are Encouraged to Contact Robbins LLP for Information About the Class Action Against MRX
Prnewswire· 2025-10-17 21:38
Core Viewpoint - Marex Group PLC is facing a class action lawsuit for allegedly misleading investors about its revenue projections and inflating its financial metrics through improper accounting practices [2][3]. Group 1: Company Overview - Marex Group PLC is a U.K.-based diversified global financial services platform listed on NASDAQ under the ticker MRX [1]. Group 2: Legal Allegations - The lawsuit claims that Marex Group failed to disclose that it improperly inflated its cash flow, revenues, assets, and profits in its Market Making segment through off-book intercompany transactions [3]. - As a result of these alleged actions, investors who sold short Marex Group securities during the class period have reportedly suffered significant losses [2][3]. Group 3: Class Action Details - The class period for the lawsuit is defined as August 14, 2024, to August 5, 2025 [2]. - Shareholders interested in serving as lead plaintiffs must submit their papers to the court by December 8, 2025 [4]. - Participation in the class action is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4].