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Portnoy Law Firm Announces Class Action on Behalf of MoonLake Immunotherapeutics, Inc. Investors
Globenewswire· 2025-10-16 16:39
Core Viewpoint - MoonLake Immunotherapeutics, Inc. is facing a class action lawsuit for investors who purchased securities during the specified class period, indicating potential corporate wrongdoing [1][3]. Company Overview - MoonLake is a clinical stage biotechnology company focused on developing therapies for inflammatory skin and joint diseases [3]. - The company's primary drug candidate is sonelokimab (SLK), aimed at treating hidradenitis suppurativa (HS) [3]. Drug Development - SLK's commercial prospects hinge on its ability to demonstrate efficacy in HS that is comparable or superior to Union Chimique Belge's BIMZELX, an FDA-approved monoclonal antibody for the same indication [3].
Portnoy Law Firm Announces Class Action on Behalf of Nutex Health, Inc. Investors
Globenewswire· 2025-10-10 15:58
Core Points - Nutex Health, Inc. is facing a class action lawsuit for investors who purchased securities between August 8, 2024, and August 14, 2025, with a deadline to file a lead plaintiff motion by October 21, 2025 [1] - Blue Orca Capital issued a short report on July 22, 2025, alleging that Nutex is exposed to litigation risk due to its association with HaloMD, which is involved in a fraudulent scheme against insurance companies [3] - Following the release of the Blue Orca report, Nutex's stock price dropped by $11.18 per share, or 10.05%, closing at $100.01 per share on the same day [3] Legal Representation - The Portnoy Law Firm is representing investors in claims related to corporate misconduct and offers complimentary case evaluations [2][4] - The founding partner of the Portnoy Law Firm has successfully recovered over $5.5 billion for investors in the past [4]
Portnoy Law Firm Announces Class Action on Behalf of Cepton, Inc. Investors
Globenewswire· 2025-10-09 18:47
Core Viewpoint - A class action has been initiated against Cepton, Inc. for securities fraud during the specified class period from July 29, 2024, to January 6, 2025, with a deadline for lead plaintiff motion filings set for December 8, 2025 [1]. Group 1 - The Portnoy Law Firm is advising investors who purchased Cepton securities during the class period to take legal action [1][2]. - Investors can contact attorney Lesley F. Portnoy for a complimentary case evaluation and to discuss their legal rights [2]. - The investigation focuses on potential securities fraud or unlawful business practices by Cepton, Inc. and its officers or directors [2]. Group 2 - The Portnoy Law Firm has a history of representing investors in claims related to corporate wrongdoing, having recovered over $5.5 billion for aggrieved investors [3].
Fortress Biotech Investigated by the Portnoy Law Firm
Globenewswire· 2025-10-01 19:45
Core Viewpoint - Fortress Biotech Inc. is under investigation for possible securities fraud following a significant stock price drop after the FDA issued a Complete Response Letter regarding its New Drug Application for CUTX-101, citing manufacturing deficiencies [3]. Group 1: Legal Actions - The Portnoy Law Firm has initiated an investigation into Fortress Biotech Inc. and may file a class action on behalf of investors [1]. - Investors are encouraged to contact the Portnoy Law Firm to discuss their legal rights and options for pursuing claims to recover losses [2]. Group 2: Company Developments - On October 1, 2025, Fortress Biotech and its subsidiary, Cyprium Therapeutics, announced the FDA's Complete Response Letter related to CUTX-101, which noted cGMP deficiencies at the manufacturing facility [3]. - Following the announcement of the CRL, the stock price of Fortress Biotech experienced a decline [3].
Portnoy Law Firm Announces Class Action on Behalf of CTO Realty Growth, Inc. Investors
Globenewswire· 2025-09-30 19:22
Core Points - CTO Realty Growth, Inc. is facing a class action lawsuit for investors who purchased securities between February 8, 2021, and June 24, 2025, with a deadline to file a lead plaintiff motion by October 7, 2025 [1] - Wolfpack Research published a report on June 25, 2025, accusing CTO of misleading investors regarding dividend sustainability and engaging in questionable financial practices, resulting in a stock price drop of $0.98 per share, or 5.42%, closing at $17.10 [3] Legal Context - The Portnoy Law Firm is representing investors in claims related to corporate misconduct, offering complimentary case evaluations and options for recovering losses [2][4] - The founding partner of the Portnoy Law Firm has a track record of recovering over $5.5 billion for investors affected by corporate wrongdoing [4]
Skechers U.S.A., Inc. Investors: Company Investigated by the Portnoy Law Firm
GlobeNewswire News Room· 2025-07-25 21:21
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, July 25, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Skechers U.S.A., Inc. (“Skechers” or “the Company”) (NYSE: SKX) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Skechers investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorn ...
KinderCare Learning Companies, Inc. Investors: Company Investigated by the Portnoy Law Firm
GlobeNewswire News Room· 2025-07-24 19:57
Core Viewpoint - The Portnoy Law Firm has initiated an investigation into KinderCare Learning Companies, Inc. for possible securities fraud, potentially leading to a class action lawsuit for investors who suffered losses [1][2]. Financial Performance - KinderCare reported an operating loss of $89.3 million for Q4 and the full year of 2024, a significant decline from a profit of $48.7 million in the same quarter the previous year, primarily due to increased equity-based compensation expenses and reduced COVID-19-related reimbursements [3]. - The company's financial guidance for 2025 did not meet market expectations, resulting in a 22.17% decline in stock price on the following trading day [4]. Legal Actions - Investors are encouraged to contact attorney Lesley F. Portnoy for a complimentary case evaluation regarding their legal rights and options for recovering losses [2][5].
D-Wave Quantum Inc. Company Investigated by the Portnoy Law Firm
GlobeNewswire News Room· 2025-04-29 22:04
Group 1 - The Portnoy Law Firm has initiated an investigation into D-Wave Quantum Inc. for possible securities fraud and may file a class action on behalf of investors [1][3] - Block & Leviton LLP is also investigating D-Wave Quantum Inc. following a report by Kerrisdale Capital, which questions the credibility of D-Wave's technology and claims it is more of a marketing strategy than a genuine advancement in quantum computing [3] - D-Wave Quantum's stock experienced a decline of up to 6% during intraday trading after the release of the Kerrisdale Capital report [3] Group 2 - The Portnoy Law Firm offers a complimentary case evaluation for investors seeking to recover losses and encourages them to contact attorney Lesley F. Portnoy [2][4] - The founding partner of the Portnoy Law Firm has successfully recovered over $5.5 billion for aggrieved investors [4]
Geron Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. May 12 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-04-28 22:50
Core Viewpoint - Geron Corporation is facing a class action lawsuit due to alleged misleading statements regarding its revenue outlook and the market potential of its drug Rytelo, leading to significant stock price decline [3][4]. Group 1: Class Action Details - The class action lawsuit represents investors who purchased Geron securities between February 28, 2024, and February 25, 2025 [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss their legal rights [2]. Group 2: Allegations Against Geron - The lawsuit claims that Geron made false statements about its revenue outlook and growth potential, while downplaying risks related to seasonality and macroeconomic conditions [3]. - It is alleged that Geron's optimistic portrayal of Rytelo's launch was overstated, with significant impacts from seasonality, competition, and monitoring requirements [3]. - The lawsuit also states that Rytelo lacked sufficient market awareness to achieve meaningful penetration, particularly among first-line patients [3]. Group 3: Financial Impact - On February 26, 2025, Geron announced its fourth-quarter financial results for fiscal year 2024, revealing stagnation in Rytelo's growth attributed to seasonality, competitive pressures, and limited awareness [4]. - Following this announcement, Geron's stock price fell by more than 32% [4].
Skyworks Solutions, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. May 5, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-04-28 22:48
The lawsuit further alleges that, on February 5, 2025, Skyworks announced its financial results for the first quarter of fiscal year 2025 and issued lower-than-expected revenue guidance for the second quarter, attributing the disappointing outlook to an increasingly competitive landscape. Following this news, the price of Skyworks stock declined by more than 24%, according to the complaint. Please visit our website to review more information and submit your transaction information. The Portnoy Law Firm repr ...