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Investors who lost money on Intellia Therapeutics, Inc.(NTLA) should contact The Gross Law Firm about pending Class Action - NTLA
GlobeNewswire News Room· 2025-03-17 18:22
Core Viewpoint - Intellia Therapeutics is facing a class action lawsuit due to alleged misleading statements regarding its NTLA-3001 program for treating alpha-1 antitrypsin deficiency-associated lung disease, leading to a significant drop in stock price after the company announced a halt in research and workforce reduction [3][4]. Group 1: Company Overview - Intellia Therapeutics, Inc. (NASDAQ: NTLA) is involved in developing treatments for genetic diseases, with a focus on its NTLA-3001 program [3]. - The company had previously expressed confidence in its timeline for the NTLA-3001 study, expecting to dose the first patient in the second half of 2024 [3]. Group 2: Allegations and Developments - The lawsuit alleges that Intellia failed to disclose that demand for viral-based editing was declining as non-viral methods gained preference in the scientific community, making NTLA-3001 an inefficient program [3]. - On January 9, 2025, Intellia announced a reorganization, halting all NTLA-3001 research and reducing its workforce by 27% in 2025, which led to a stock price drop from $12.02 on January 8, 2025, to $10.20 on January 10, 2025 [3][4]. Group 3: Class Action Details - Shareholders who purchased NTLA shares between July 30, 2024, and January 8, 2025, are encouraged to register for the class action, with a deadline of April 14, 2025, to seek lead plaintiff status [4]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case [4].
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Fluence Energy, Inc. (FLNC) Shareholders
GlobeNewswire News Room· 2025-03-17 18:21
Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business relationships and financial performance during the specified class period [3][4]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from November 29, 2023, to February 10, 2025 [3]. - Allegations include: 1. Decline in Fluence's relationship with major revenue sources, Siemens AG and The AES Corporation [3]. 2. Siemens Energy accused Fluence of engineering failures and fraud [3]. 3. Inflated margins and revenue growth as Siemens and AES were moving to divest [3]. 4. Lack of reasonable basis for positive statements regarding Fluence's battery energy storage business and financial results [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 12, 2025, to participate in potential recovery [4]. - Registration includes enrollment in a portfolio monitoring software for status updates throughout the case [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 affected by misleading statements [5].
Investors in Integral Ad Science Holding Corp. Should Contact The Gross Law Firm Before March 31, 2025 to Discuss Your Rights – IAS
Globenewswire· 2025-03-17 18:20
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Integral Ad Science Holding Corp. regarding a class action lawsuit due to alleged misleading statements and competitive pricing pressures affecting the company's performance [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from March 2, 2023, to February 27, 2024 [3]. - Allegations include that IAS faced increased competitive pricing pressures, leading to price cuts due to weakening demand and slowing revenue growth [3]. - It is claimed that IAS's pricing function was no longer favorable, impacting its ability to sustain pricing and drive increases [3]. - The complaint states that pricing became a key differentiator necessary for closing major renewals and new deals [3]. - The risks of increased pricing pressure from competition were realized, making IAS's public statements materially false and misleading [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by March 31, 2025, to participate in potential recovery [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [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].
The Gross Law Firm Notifies Innovative Industrial Properties, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - IIPR
Prnewswire· 2025-03-17 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Innovative Industrial Properties, Inc. (IIPR) regarding a class action lawsuit due to alleged misleading statements and undisclosed information that may have affected the company's stock value [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that during the class period from February 27, 2024, to December 19, 2024, IIPR made materially false and misleading statements, failing to disclose significant declines in rent and property-management fees related to certain customer leases [1] - It is claimed that these issues would likely impair the company's ability to maintain funds from operations and revenue growth [1] - The leasing operations of IIPR were reportedly less profitable than represented to investors, leading to materially false and misleading public statements [1] Class Action Details - Shareholders who purchased IIPR shares during the specified class period are encouraged to register for the class action, with a deadline set for March 18, 2025 [2] - Registration allows shareholders to be enrolled in a portfolio monitoring system for updates throughout the case lifecycle [2] Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [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 [3]
Lost Money on AppLovin Corporation(APP)? Join Class Action Suit Seeking Recovery - Contact The Gross Law Firm
Prnewswire· 2025-03-17 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of AppLovin Corporation regarding a class action lawsuit due to alleged misleading statements about the company's financial growth and advertising practices [1][2]. Summary by Sections Allegations - The complaint alleges that AppLovin's management provided investors with misleading information about the company's financial stability and growth, particularly regarding the launch of its AXON 2.0 digital ad platform and the use of advanced AI technologies [2]. - It is claimed that AppLovin engaged in dishonest advertising practices, including reverse engineering and exploiting advertising data from Meta Platforms, and manipulating ad click-through and app download rates [2]. Stock Price Impact - Following the revelation of these practices on February 26, 2025, AppLovin's stock price fell from $377.06 per share to $331.00 per share, indicating a significant loss in market value [2]. Class Action Details - The class period for the lawsuit is defined as May 10, 2023, to February 25, 2025, with a deadline for shareholders to register for the class action set for May 5, 2025 [3]. - Shareholders who register will receive updates on the case and can participate without any cost or obligation [3]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements or omissions [4].
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Cardlytics, Inc.(CDLX) Shareholders
Prnewswire· 2025-03-17 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Cardlytics, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions during a specified class period [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from March 14, 2024, to August 7, 2024 [2]. - Allegations include that the company failed to disclose that increased consumer engagement led to higher consumer incentives, and that it could not increase billings in line with this engagement [2]. - There is a significant risk that revenue growth would slow or decline due to these factors, and the changes to the Ads Decision Engine resulted in "under-delivery" of budgets and billing estimates [2]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action by March 25, 2025, to potentially be appointed as lead plaintiff [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [4]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated the company's stock price [4].
Investors who lost money on Newmont Corporation (NEM) should contact The Gross Law Firm about pending Class Action - NEM
Prnewswire· 2025-03-17 09:45
NEW YORK, March 17, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Newmont Corporation (NYSE: NEM).Shareholders who purchased shares of NEM 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/newmont-corporation-loss-submission-form/?id=136009&from=4 CLASS PERIOD: February 22, 20 ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of March 25, 2025 in Novo Nordisk A/S Lawsuit - NVO
Prnewswire· 2025-03-13 09:45
NEW YORK, March 13, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Novo Nordisk A/S (NYSE: NVO).Shareholders who purchased shares of NVO 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/novo-nordisk-a-s-loss-submission-form/?id=135472&from=4 CLASS PERIOD: November 2, 2022 to ...
Investors who lost money on The Trade Desk, Inc.(TTD) should contact The Gross Law Firm about pending Class Action - TTD
Prnewswire· 2025-03-13 09:45
Core Viewpoint - The Trade Desk, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its AI forecasting tool, Kokai, and its impact on the company's business operations and revenue growth [1][2]. Summary by Sections Allegations - The complaint alleges that during the class period from May 9, 2024, to February 12, 2025, The Trade Desk experienced significant execution challenges in rolling out its AI tool, Kokai, which included difficulties in transitioning clients from the older platform, Solimar [1]. - These execution challenges delayed the Kokai rollout, negatively impacting the company's business operations and revenue growth [1]. - As a result, the positive statements made by the defendants about the company's business and prospects were deemed materially false and misleading [1]. Class Action Details - Shareholders who purchased shares of TTD during the specified class period are encouraged to register for the class action, with a deadline set for April 21, 2025 [2]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [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 [3].
The Gross Law Firm Notifies Ready Capital Corporation Investors of a Class Action Lawsuit and Upcoming Deadline - RC
Prnewswire· 2025-03-13 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Ready Capital Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed information related to non-performing loans in its commercial real estate (CRE) portfolio [1]. Summary by Sections Allegations - The complaint alleges that during the class period from November 7, 2024, to March 2, 2025, Ready Capital Corporation made materially false and misleading statements [1]. - Key allegations include: 1. Significant non-performing loans in its CRE portfolio were unlikely to be collectible 2. Ready Capital intended to fully reserve these problem loans to stabilize its CRE portfolio 3. This situation was not accurately reflected in the company's expected credit loss or valuation allowances 4. Consequently, the company's financial results would be adversely affected 5. Positive statements made by the defendants regarding the company's business and prospects were materially misleading [1]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by May 5, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2]. About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit 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 [3].