Core Viewpoint - A securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. for alleged failures in financial disclosures and accounting practices during the Class Period from March 31, 2022, to March 25, 2025 [1][4]. Company Overview - BigBear.ai Holdings, Inc. is an AI-driven technology company based in McLean, VA, specializing in national security, supply chain management, and digital identity and biometrics solutions [3]. - The company underwent a business combination with GigCapital4, Inc. in June 2021, resulting in the issuance of $200 million in convertible notes with a maturity date of December 15, 2026 [3]. Allegations and Financial Impact - The lawsuit alleges that BigBear failed to disclose deficiencies in its accounting review policies and incorrectly accounted for the conversion option within its 2026 Notes, violating Accounting Standards Codification [4]. - On March 18, 2025, BigBear announced that certain financial statements since fiscal year 2021 should no longer be relied upon, leading to a stock price drop of $0.52 per share (14.9%) to close at $2.97 [5]. - Following the filing of its 2024 10-K on March 25, 2025, which disclosed a material weakness in internal controls and restated financial statements, BigBear's stock fell by $0.32 per share (9.11%) to close at $3.19 [6].

Core Viewpoint - A securities class action lawsuit has been filed against Compass Diversified Holdings for failing to disclose significant accounting irregularities related to its acquisition of Lugano Holdings, leading to a substantial drop in stock price [1][3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of purchasers of Compass securities from May 1, 2024, to May 7, 2025, inclusive [1]. - Investors have until July 8, 2025, to seek appointment as lead plaintiff [2]. - The lawsuit alleges that Compass did not disclose violations of accounting rules by Lugano and that financial results were distorted due to these irregularities [3]. Group 2: Financial Impact - On May 7, 2025, Compass announced the need to restate its 2024 financial statements due to identified irregularities, causing its stock price to fall by $10.70, a decline of over 62%, closing at $6.55 on May 8, 2025 [4]. Group 3: Company Background - Compass Diversified Holdings is a private equity firm based in Westport, Connecticut, which acquired a majority interest in Lugano Holdings in 2021 for an enterprise value of $256 million [2].

PHILADELPHIA, May 19, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. (“Solaris” or the “Company”) (NYSE: SEI) on behalf of purchasers of Solaris securities between July 9, 2024 through March 17, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired Solaris securities during the Class Period may, no later than MAY 27, 2025, seek to be appointed as a lead plai ...

Core Viewpoint - A securities class action lawsuit has been filed against Zynex, Inc. for allegedly misleading investors regarding its revenue practices and product shipments [1][3]. Company Overview - Zynex, Inc. is a medical device company based in Englewood, CO, specializing in electrotherapy devices for pain management and rehabilitation [2]. Lawsuit Details - The lawsuit claims that Zynex shipped products, including electrodes, beyond actual demand, allowing the company to inflate its revenue [3]. - It is alleged that Zynex's practice of filing false claims attracted scrutiny from insurers, including Tricare, which could lead to adverse consequences such as removal from insurer networks and federal penalties [3]. Investor Information - Investors who purchased Zynex securities during the class period (March 13, 2023, to March 11, 2025) have until May 19, 2025, to seek appointment as lead plaintiff [2].

Core Viewpoint - A securities class action lawsuit has been filed against Zynex, Inc. for alleged misconduct during the Class Period from March 13, 2023, to March 11, 2025 [1][2]. Company Overview - Zynex, Inc. is a medical device company based in Englewood, CO, specializing in electrotherapy devices for pain management and rehabilitation [2]. Allegations and Impact - A report published by medical journal STAT on June 4, 2024, accused Zynex of an "oversupplying scheme," where the company allegedly sent excessive supplies to patients to bill insurers for inflated amounts, leading to insurers removing Zynex from their networks [3]. - Following the publication of the report, Zynex's stock price dropped by $0.50 per share, or 5%, closing at $9.35 on June 4, 2024 [3]. Financial Performance - On March 11, 2025, Zynex reported a significant revenue shortfall for Q4 and the full year of 2024, attributing it to slower payments from certain payers, including a temporary suspension of payments from Tricare as they reviewed prior claims [4]. - The announcement of the revenue shortfall resulted in a drastic decline in Zynex's stock price, which fell by $3.59 per share, or 51%, closing at $3.41 on March 12, 2025 [4].

Core Points - A securities class action lawsuit has been filed against Fluence Energy, Inc. for the period from October 28, 2021, to February 10, 2025 [1][2] - The lawsuit follows a report from Blue Orca Capital revealing that Siemens had sued Fluence for misrepresentation, breach of contract, and fraud [2] - Following the news of the Siemens lawsuit, Fluence's stock price dropped over 13%, from $17.01 to $14.73 per share [3] - On February 10, 2025, Fluence reported a Q1 fiscal 2025 net loss of $57 million, with revenues down 49% year-over-year, and subsequently lowered revenue guidance [3] - The stock price fell further by $6.07, or more than 46%, from $13.07 to $7.00 per share on February 11, 2025 [4] Legal Context - Investors who purchased Fluence securities during the class period have until May 12, 2025, to seek appointment as lead plaintiff [2] - A lead plaintiff represents the interests of all class members in the litigation process [5] - Berger Montague has a long history in securities class action litigation, representing both individual and institutional investors [6]

Core Viewpoint - A securities class action lawsuit has been filed against Fluence Energy, Inc. for misleading investors regarding its financial health and relationships with major partners during the specified Class Period [1][3]. Group 1: Lawsuit Details - The lawsuit pertains to Fluence securities purchased between October 28, 2021, and February 10, 2025 [1][2]. - Investors have until May 12, 2025, to seek appointment as lead plaintiff representatives [2]. Group 2: Allegations Against Fluence - The lawsuit claims that Fluence misled investors about the stability of its relationships with Siemens AG and The AES Corporation, which are significant sources of revenue [3]. - Allegations include that Siemens accused Fluence of engineering failures and fraud, leading to artificially inflated margins and revenue growth due to the impending decline in these relationships [3].

PHILADELPHIA, May 2, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Open Lending Corporation ("Open Lending" or the "Company") (NASDAQ: LPRO) on behalf of purchasers of Open Lending securities between February 24, 2022 through March 31, 2025, inclusive (the "Class Period").Investor Deadline: Investors who purchased or acquired Open Lending securities during the Class Period may, no later than JUNE 30, 2025, seek to be appointed as a le ...

PHILADELPHIA, May 01, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Fluence Energy, Inc. (“Fluence” or the “Company”) (NASDAQ: FLNC) on behalf of purchasers of Fluence securities between October 28, 2021 through February 10, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired Fluence securities during the Class Period may, no later than MAY 12, 2025, seek to be appointed as a lead plaintiff ...

Core Viewpoint - A securities class action lawsuit has been filed against AppLovin Corporation for allegedly misleading investors about its financial growth and stability during the Class Period from May 10, 2023, to March 26, 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of purchasers of AppLovin securities during the specified Class Period [1]. - Investors have until May 5, 2025, to seek appointment as lead plaintiff [2]. Group 2: Allegations Against AppLovin - The complaint claims that AppLovin and its senior management misled investors regarding the launch of its AXON 2.0 digital ad platform and the use of advanced AI technologies [3]. - Reports from analysts Fuzzy Panda and Culper Research accused AppLovin of reverse-engineering advertising data from Meta Platforms and using manipulative practices to inflate ad click-through and app download rates [4]. - Muddy Waters Research later alleged that AppLovin violated terms of service of major platforms like Facebook and Google, which could threaten its revenue growth sustainability [6]. Group 3: Stock Price Impact - Following the negative reports, AppLovin's stock price dropped from $377.06 on February 25, 2025, to $331.00 on February 26, 2025, marking a decline of $46.06 per share or 12% [5]. - On March 27, 2025, the stock fell further by $65.92 per share, or 20%, closing at $261.70 after the allegations from Muddy Waters Research [7].