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The Gross Law Firm Notifies Cerevel Therapeutics Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – ABBV
GlobeNewswire News Room· 2025-05-15 18:01
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Cerevel Therapeutics Holdings, Inc. regarding a class action lawsuit related to alleged misleading statements and omissions during a secondary stock offering and subsequent merger with AbbVie Inc. [1] Group 1: Class Action Details - The class action lawsuit is on behalf of individuals or entities that sold or disposed of Cerevel's common stock from October 11, 2023, to August 1, 2024, and those who held shares as of January 8, 2024, entitled to vote on the merger [3] - The deadline for shareholders to register for the class action is June 3, 2025, and there is no cost to participate [5] Group 2: Allegations Against Cerevel - The complaint alleges that Cerevel's October 16, 2023, secondary stock offering documents omitted material facts about AbbVie's interest in acquiring Cerevel at a significantly higher price than the offering price of $22.81 per share, which artificially deflated Cerevel's stock price [4] - Bain Capital, Cerevel's controlling shareholder, allegedly acquired shares at an artificially depressed price while possessing nonpublic information about AbbVie's interest, leading to a windfall of over $120 million when AbbVie agreed to acquire Cerevel for $45 per share on December 6, 2023 [4] Group 3: Legal Representation - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights and ensuring companies adhere to responsible business practices [6]
Shareholders that lost money on Zynex, Inc.(ZYXI) should contact The Gross Law Firm about pending Class Action - ZYXI
GlobeNewswire News Room· 2025-05-15 18:00
Core Viewpoint - Zynex, Inc. is facing a class action lawsuit due to allegations of issuing misleading statements and inflating revenue through improper business practices during the class period from March 13, 2023, to March 11, 2025 [3]. Summary by Relevant Sections Allegations - The complaint alleges that Zynex shipped products, including electrodes, in excess of need, leading to inflated revenue [3]. - The company's practice of filing false claims has drawn scrutiny from insurers, including the U.S. military health insurance program, Tricare [3]. - As a result of these practices, Zynex is likely to face adverse consequences, including removal from insurer networks and federal penalties [3]. - The positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [3]. Class Action Details - Shareholders who purchased shares of ZYXI during the specified class period are encouraged to register for the class action [4]. - The deadline for shareholders to seek lead plaintiff status is May 19, 2025 [4]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
Shareholders that lost money on Solaris Energy Infrastructure, Inc.(SEI) should contact The Gross Law Firm about pending Class Action - SEI
GlobeNewswire News Room· 2025-05-15 18:00
NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Solaris Energy Infrastructure, Inc. (NYSE: SEI). Shareholders who purchased shares of SEI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/solaris-energy-infrastructure-inc-loss-submission-form/?id=148462&f ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of July 7, 2025 in Digimarc Corporation Lawsuit - DMRC
Prnewswire· 2025-05-15 09:45
Core Viewpoint - The Gross Law Firm is notifying shareholders of Digimarc Corporation regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during a specified class period [1][2]. Group 1: Allegations - The complaint alleges that during the class period from May 3, 2024, to February 26, 2025, Digimarc's defendants made materially false and misleading statements [2]. - Key allegations include the failure to disclose that a significant commercial partner would not renew a large contract on the same terms, leading to a renegotiation that would adversely affect subscription revenue and annual recurring revenue [2]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is July 7, 2025, and they are encouraged to register to monitor the case's progress [3]. - Shareholders who purchased shares of Digimarc during the specified timeframe will be enrolled in a portfolio monitoring software for updates [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered losses due to deceit and illegal business practices, emphasizing the importance of responsible business conduct [4].
Investors in Open Lending Corporation Should Contact The Gross Law Firm Before June 30, 2025 to Discuss Your Rights - LPRO
Prnewswire· 2025-05-15 09:45
NEW YORK, May 15, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Open Lending Corporation (NASDAQ: LPRO).Shareholders who purchased shares of LPRO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/open-lending-corporation-loss-submission-form/?id=148440&from=4 CLASS PERIOD: Feb ...
Shareholders that lost money on Civitas Resources, Inc.(CIVI) should contact The Gross Law Firm about pending Class Action - CIVI
Prnewswire· 2025-05-15 09:45
NEW YORK, May 15, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Civitas Resources, Inc. (NYSE: CIVI).Shareholders who purchased shares of CIVI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/civitas-resources-loss-submission-form/?id=148441&from=4CLASS PERIOD: February 27, 2 ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of June 3, 2025 in Cerevel Therapeutics Holdings, Inc. Lawsuit - ABBV
Prnewswire· 2025-05-15 09:45
Core Viewpoint - The lawsuit against Cerevel Therapeutics Holdings, Inc. alleges that the company and its controlling shareholder, Bain Capital, engaged in misleading practices regarding a secondary stock offering and the subsequent acquisition by AbbVie, resulting in significant financial losses for shareholders [2]. Group 1: Allegations and Financial Impact - Cerevel's October 16, 2023 secondary stock offering documents allegedly omitted material facts about AbbVie's interest in acquiring Cerevel at a price significantly higher than the offering price of $22.81 per share, which artificially deflated Cerevel's stock price until the merger announcement [2]. - Bain Capital acquired shares during the October Offering at an artificially depressed price while allegedly possessing nonpublic information about AbbVie's acquisition interest, leading to a windfall of over $120 million when AbbVie agreed to acquire Cerevel for $45 per share on December 6, 2023 [2]. - Cerevel's January 18, 2024 Proxy statement is claimed to have misled investors regarding the nature and timing of AbbVie's interest in the company [2]. Group 2: Class Action Details - The class period for the lawsuit includes shareholders who sold or disposed of Cerevel stock from October 11, 2023, to August 1, 2024, and those who held shares as of January 8, 2024, entitled to vote on the merger [1]. - The deadline for shareholders to register for the class action is June 3, 2025, and there is no cost or obligation to participate [3]. - Registered shareholders will receive updates through portfolio monitoring software throughout the lifecycle of the case [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [4].
Shareholders that lost money on Napco Security Technologies, Inc.(NSSC) should contact The Gross Law Firm about pending Class Action - NSSC
Prnewswire· 2025-05-15 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Napco Security Technologies, Inc. regarding a class action lawsuit due to alleged misleading statements about the company's growth and hardware sales performance [1]. Group 1: Allegations and Financial Impact - The complaint alleges that Napco's management provided investors with optimistic projections about the company's growth and hardware division strength, claiming confidence in achieving fiscal 2026 growth targets [1]. - On February 3, 2025, Napco reported a significant decline in hardware sales, attributing this primarily to reduced sales from two major distributors, leading to a retraction of their long-term 45% EBITDA margin target [1]. - Following the announcement, Napco's stock price plummeted from $36.70 per share on January 31, 2024, to $26.93 per share on February 3, 2025, marking a decline of approximately 26.62% in just one day [1]. Group 2: Class Action Details - Shareholders who purchased shares of NSSC during the class period from February 5, 2024, to February 3, 2025, are encouraged to register for the class action, with a deadline set for June 24, 2025 [2]. - Registered shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress, and there is no cost or obligation to participate [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit, fraud, and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [3].
Investors who lost money on NET Power, Inc.(NPWR) should contact The Gross Law Firm about pending Class Action - NPWR
GlobeNewswire News Room· 2025-05-12 17:19
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the class period from June 9, 2023, to March 7, 2025 [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and various site-specific challenges [3]. - It is claimed that the projections regarding the time and capital needed to complete Project Permian were unrealistic, which could negatively impact the company's business and financial results [3]. - The public statements made by the defendants were materially false and misleading throughout the relevant period [3]. Class Action Details - The class period for the lawsuit is defined as June 9, 2023, to March 7, 2025, with a deadline for shareholders to register for the class action set for June 17, 2025 [3][4]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates on the case's status [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered losses due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements that led to artificial inflation of stock prices [5].
Investors in Solaris Energy Infrastructure, Inc. Should Contact The Gross Law Firm Before May 27, 2025 to Discuss Your Rights – SEI
GlobeNewswire News Room· 2025-05-12 17:18
Core Viewpoint - The Gross Law Firm is notifying shareholders of Solaris Energy Infrastructure, Inc. about a class action lawsuit due to alleged misleading statements and omissions related to the company's acquisition of Mobile Energy Rentals LLC [1][3]. Allegations - The complaint alleges that during the class period from July 9, 2024, to March 17, 2025, Solaris Energy Infrastructure made materially false and misleading statements regarding: - The lack of corporate history of Mobile Energy Rentals LLC in the mobile turbine leasing space [3]. - The absence of a diversified earnings stream for Mobile Energy Rentals [3]. - The co-owner of Mobile Energy Rentals being a convicted felon with a history of turbine-related fraud allegations [3]. - Overstated commercial prospects from the acquisition of Mobile Energy Rentals [3]. - Inflated profitability metrics due to improper depreciation of turbines [3]. - Misleading positive statements about the company's business and operations [3]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by May 27, 2025, to potentially become lead plaintiffs [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [5].