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CLASS ACTION NOTICE: Berger Montague Advises Marex Group plc (NASDAQ: MRX) Investors to Inquire About a Securities Fraud Class Action
Prnewswire· 2025-10-27 13:47
Core Viewpoint - A class action lawsuit has been filed against Marex Group plc, alleging that the company concealed losses and inflated profits through deceptive financial practices during the specified class period [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague on behalf of investors who purchased Marex shares from May 16, 2024, to August 5, 2025 [1][2]. - Investors have until December 8, 2025, to seek appointment as lead plaintiff representatives [2]. Group 2: Allegations and Impact - NINGI Research published a report on August 5, 2025, claiming that Marex used off-balance-sheet entities and fictitious intercompany transactions to hide losses and inflate profits [3]. - Following the report, Marex's stock price fell by $2.33, or 6.2%, closing at $35.31, resulting in significant investor losses [3].
INVESTOR REMINDER: Berger Montague Notifies KBR, Inc. (NYSE: KBR) Investors of a Class Action Lawsuit and Deadline
Prnewswire· 2025-10-24 20:05
Core Points - A class action lawsuit has been filed against KBR, Inc. on behalf of investors who acquired shares between May 6, 2025, and June 19, 2025 [1][2] - The lawsuit alleges that KBR failed to disclose significant concerns from the U.S. Department of Defense regarding its joint venture partner, HomeSafe, and its ability to fulfill a key military contract [3] - Following the termination of the contract by TRANSCOM on June 19, 2025, KBR's stock price dropped by $3.85, or 7%, closing at $48.93 on June 20, 2025 [4] Company Overview - KBR, Inc. is a Houston-based engineering, technology, and government services firm that provides logistics and operations support to various federal agencies, including the Department of Defense [2] Legal Context - Investors who purchased KBR securities during the specified class period have until November 18, 2025, to seek appointment as lead plaintiff representatives [2]
MONDAY DEADLINE: Berger Montague Advises LifeMD, Inc. (NASDAQ: LFMD) Investors to Inquire About a Securities Fraud Class Action by October 27, 2025
Prnewswire· 2025-10-24 19:58
Core Viewpoint - A class action lawsuit has been filed against LifeMD, Inc. for allegedly overstating its competitive position and providing unrealistic financial guidance for 2025, leading to significant investor losses when the truth was revealed [3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague on behalf of investors who acquired LifeMD shares between May 7, 2025, and August 5, 2025 [1][2]. - Investors have until October 27, 2025, to seek appointment as lead plaintiff representatives [2]. - The complaint alleges that LifeMD did not disclose rising customer acquisition costs associated with its RexMD platform and its promotion of obesity medications like Wegovy and Zepbound [3]. Group 2: Company Background - LifeMD, headquartered in New York, provides virtual medical services and prescription delivery [2]. - The firm has been accused of making materially false and misleading statements throughout the class period, lacking a reasonable basis for its claims [3].
SHAREHOLDER ALERT: Berger Montague Reminds V.F. Corporation (NYSE: VFC) Investors of Class Action Lawsuit Deadline
Prnewswire· 2025-10-21 22:06
Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (VFC) on behalf of investors who purchased shares during the specified class period, alleging that the company misled investors regarding its brand recovery efforts, particularly for the Vans brand [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague PC, representing investors who acquired VFC shares from October 30, 2023, to May 20, 2025 [1][2]. - Investors have until November 12, 2025, to seek appointment as lead plaintiff representative of the class [2]. Group 2: Company Performance - VFC reported a 20% revenue decline for the Vans brand in the fourth quarter of fiscal 2025, following an 8% decline in the previous quarter [4]. - The company attributed part of this revenue shortfall to restructuring and revenue-reduction strategies that had not been publicly disclosed [4]. Group 3: Market Reaction - Following the revenue disclosure, VFC's stock price fell over 15%, dropping from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025 [5].
ATTENTION NASDAQ: CPTN INVESTORS: Contact Berger Montague About a Cepton, Inc. Class Action Lawsuit
Prnewswire· 2025-10-21 19:50
Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. by Berger Montague on behalf of investors who traded Cepton shares during the specified Class Period, alleging failure to disclose a competing acquisition bid during the merger approval process with Koito Manufacturing Co., Ltd. [1][3][4] Company Overview - Cepton, Inc. is a lidar technology company based in San Jose, California, and was acquired by Koito Manufacturing Co., Ltd. in January 2025, after which its stock is no longer publicly traded [2]. Allegations of the Lawsuit - The lawsuit claims that Cepton's management did not disclose a credible third-party acquisition bid that valued the company at more than double the $3.17 per share offered by Koito during the merger approval process [3][5]. - It is alleged that Cepton's Board of Directors failed to adequately explore the competing offer and did not disclose its terms, which deprived shareholders of a fair opportunity to evaluate the proposed deal [5]. Legal Proceedings - Following the merger, former shareholders initiated a lawsuit against Cepton's senior officers in the Delaware Court of Chancery, revealing that proxy materials for the Koito acquisition concealed significant information from shareholders [4][5].
INVESTOR REMINDER: Berger Montague Notifies Sina Corporation Investors of a Class Action Lawsuit and Deadline
Prnewswire· 2025-10-20 18:56
Core Viewpoint - A class action lawsuit has been filed against Sina Corporation by Berger Montague on behalf of investors who sold shares during the specified Class Period, alleging that the company engaged in a fraudulent scheme to undervalue its shares during a go-private transaction [1][3]. Group 1: Lawsuit Details - The lawsuit targets investors who sold Sina shares from October 13, 2020, to March 22, 2021, and they have until November 18, 2025, to seek lead plaintiff status [2]. - The allegations include that the defendants concealed the true value of Sina's investment in TuSimple, leading to a cash offer that significantly undervalued the company's shares [3][4]. Group 2: Company Background - Sina Corporation is a global digital media company based in Beijing, China, providing online platforms for news, social media, entertainment, and financial content [2]. - The lawsuit claims that senior executives were aware of the true value of the investment but chose to conceal it, resulting in shareholders receiving less than the actual worth of their shares during the transaction [4].
Berger Montague PC Investigating Claims on Behalf of MoonLake Immunotherapeutics (NASDAQ: MLTX) Investors After Class Action Filing
Prnewswire· 2025-10-16 21:36
Core Viewpoint - A class action lawsuit has been filed against MoonLake Immunotherapeutics for allegedly making false and misleading statements regarding its drug candidate, sonelokimab (SLK), leading to significant investor losses following disappointing clinical trial results [3][4]. Company Overview - MoonLake Immunotherapeutics is a clinical-stage biotechnology company based in Zug, Switzerland [2]. Legal Action Details - The lawsuit is on behalf of investors who purchased MoonLake shares from March 10, 2024, to September 29, 2025, with a deadline for potential lead plaintiff appointment set for December 15, 2025 [1][2]. - The complaint claims that MoonLake and its executives misrepresented SLK's advantages over traditional monoclonal antibodies, specifically FDA-approved BIMZELX [3]. Clinical Trial Results - On September 28, 2025, MoonLake announced Phase 3 clinical trial results for SLK, which reportedly did not demonstrate efficacy comparable to BIMZELX, leading analysts to label the results as "disastrous" [4]. - Following the announcement, MoonLake's stock plummeted nearly 90%, equating to a loss of $55.75 per share in a single trading session [4].
Berger Montague PC Investigates Securities Claims Against Cepton, Inc. (NASDAQ: CPTN)
Prnewswire· 2025-10-15 18:27
Core Points - A class action lawsuit has been filed against Cepton, Inc. by Berger Montague PC on behalf of investors who traded Cepton shares between July 29, 2024, and January 6, 2025 [1][2] - The lawsuit alleges that Cepton's leadership failed to disclose a third-party offer that valued the company at more than double the price of the merger proposal from Koito Manufacturing Co., Ltd. [3] - The complaint also claims that Cepton's CEO, Jun Pei, had conflicts of interest that affected the Board's decision-making process [4] Company Overview - Cepton, Inc. is a lidar technology company based in San Jose, California, and was acquired by Koito in January 2025, after which its stock is no longer publicly traded [2] Legal Context - Investors have until December 8, 2025, to seek appointment as lead plaintiff in the class action [2] - The truth about Cepton's situation was revealed through documents from a Delaware lawsuit that became public in September 2025 [4]
Berger Montague PC Investigating Claims on Behalf of Marex Group plc (NASDAQ: MRX) Investors After Class Action Filing
Prnewswire· 2025-10-13 12:36
Core Viewpoint - A class action lawsuit has been filed against Marex Group plc, alleging significant accounting irregularities and misleading disclosures that resulted in inflated profits and concealed losses during the period from May 16, 2024, to August 5, 2025 [1][3]. Summary by Sections Lawsuit Details - The lawsuit is initiated by Berger Montague PC on behalf of investors who purchased Marex shares during the specified class period [1][2]. - Investors have until December 8, 2025, to seek appointment as lead plaintiff representatives [2]. Allegations - A report by NINGI Research on August 5, 2025, claims that Marex engaged in a multi-year accounting scheme involving off-balance-sheet entities and fictitious transactions [3]. - The report highlights discrepancies in intercompany receivables and loans, including a fabricated $17 million receivable and a subsidiary's profits inflated by 150% before liquidation [4]. Financial Impact - Following the report's release, Marex's stock price dropped by $2.33, or 6.2%, closing at $35.31, indicating significant investor losses [5].
INVESTOR ALERT: Berger Montague Advises LifeMD, Inc. (NASDAQ: LFMD) Investors to Inquire About a Securities Fraud Class Action by October 27, 2025
Prnewswire· 2025-10-10 12:24
Core Viewpoint - A class action lawsuit has been filed against LifeMD, Inc. for allegedly overstating its competitive position and providing unrealistic financial guidance for 2025, leading to significant investor losses when the truth was revealed [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased LifeMD shares between May 7, 2025, and August 5, 2025 [1][2]. - Investors have until October 27, 2025, to seek appointment as lead plaintiff representatives [2]. - The complaint alleges that LifeMD did not disclose rising customer acquisition costs related to its RexMD platform and its promotion of obesity medications like Wegovy and Zepbound [3]. Group 2: Company Background - LifeMD, headquartered in New York, provides virtual medical services and prescription delivery [2]. - Berger Montague, the law firm representing the plaintiffs, has a long history in securities class action litigation, having served investors for over five decades [5].