Hagens Berman
Search documents
CoreWeave, Inc. (CRWV) Slapped With Securities Class Action Amid Questions Over Denton Data Center Completion Transparency, $14 Billion Market Cap Loss – Hagens Berman
Globenewswire· 2026-02-25 19:06
SAN FRANCISCO, Feb. 25, 2026 (GLOBE NEWSWIRE) -- National shareholder rights law firm Hagens Berman is alerting investors in CoreWeave, Inc. (NASDAQ: CRWV) to a pending class action against the company and certain of its executives. The suit alleges defendants misled the market regarding CoreWeave’s ability to scale its AI infrastructure and meet its ambitious revenue guidance. Hagens Berman is investigating the alleged claims that CoreWeave overstated its capacity to satisfy “robust” customer demand and do ...
BellRing Brands (BRBR) Facing Securities Class Action Amid Questions About Destocking, Consumption and Competition – Hagens Berman
Globenewswire· 2026-02-25 19:04
SAN FRANCISCO, Feb. 25, 2026 (GLOBE NEWSWIRE) -- National shareholder rights law firm Hagens Berman is issuing an updated notice to investors in BellRing Brands, Inc. (NYSE: BRBR) regarding the March 23, 2026, lead plaintiff deadline accusing BellRing and certain of BellRing’s top executives of securities fraud. CLICK HERE TO SUBMIT YOUR BRBR LOSSES NOW The suit alleges Defendants misled investors about the true drivers of BellRing’s 2025 sales growth. The truth emerged over a series of disclosures revealin ...
CRWV ALERT: Hagens Berman Investigating Claims Against CoreWeave, Inc. (CRWV) Over Alleged Data Center Delays and Concealed Infrastructure Risks
Globenewswire· 2026-02-23 19:51
SAN FRANCISCO, Feb. 23, 2026 (GLOBE NEWSWIRE) -- National shareholder rights law firm Hagens Berman is alerting investors in CoreWeave, Inc. (NASDAQ: CRWV) to a pending class action against the company and certain of its executives. The suit alleges defendants misled the market regarding CoreWeave’s ability to scale its AI infrastructure and meet its ambitious revenue guidance. Hagens Berman is investigating the alleged claims that CoreWeave overstated its capacity to satisfy “robust” customer demand and do ...
CRWV INVESTOR ALERT: Hagens Berman Investigating Claims Against CoreWeave, Inc. (CRWV) Over Alleged Data Center Delays and Concealed Infrastructure Risks
Globenewswire· 2026-02-17 21:45
Core Viewpoint - A class action lawsuit has been filed against CoreWeave, Inc. and its executives, alleging that they misled investors about the company's ability to scale its AI infrastructure and meet revenue guidance [1][3]. Allegations of Misrepresentation - CoreWeave is accused of overstating its capacity to meet customer demand while downplaying operational risks associated with reliance on a single third-party data center supplier [2][6]. - The lawsuit highlights significant delays at the Denton, Texas data center, which were reportedly months behind schedule, leading to a market capitalization loss of approximately $14 billion [2][6]. Financial Impact - Following the company's lowered guidance, there was a notable stock drop of 16% on November 11, contributing to a substantial decline in shareholder value [6]. Legal Proceedings - The lead plaintiff deadline for the class action is set for March 13, 2026, and investors who suffered losses during the class period (March 28, 2025 – December 15, 2025) are encouraged to report their losses [4][5].
Hagens Berman Scrutinizing BellRing Brands (BRBR) Over Alleged Artificial Growth and $2.9 Billion Value Wipeout
Globenewswire· 2026-02-17 21:38
SAN FRANCISCO, Feb. 17, 2026 (GLOBE NEWSWIRE) -- National shareholder rights law firm Hagens Berman is issuing an updated notice to investors in BellRing Brands, Inc. (NYSE: BRBR) regarding the March 23, 2026, lead plaintiff deadline accusing BellRing and certain of BellRing’s top executives of securities fraud. CLICK HERE TO SUBMIT YOUR BRBR LOSSES NOW The suit alleges Defendants misled investors about the true drivers of BellRing’s 2025 sales growth. The truth emerged over a series of disclosures revealin ...
RR INVESTOR ALERT: Richtech Robotics (RR) Facing Securities Class Action Amid Questions About Possible Pump and Dump – Hagens Berman
Globenewswire· 2026-02-16 18:11
Core Viewpoint - Richtech Robotics is facing a securities class action lawsuit following a significant drop in its stock price after a report revealed that Microsoft denied a commercial partnership with the company, leading to a decline of over 20% in share value on January 29, 2026 [1][6]. Group 1: Lawsuit and Investigation - The lawsuit aims to represent investors who acquired Richtech securities between January 27, 2026, and January 29, 2026 [2]. - Hagens Berman, a national shareholder rights law firm, has initiated an investigation into the claims that Richtech violated federal securities laws [2][7]. - The lead plaintiff deadline for the lawsuit is set for April 3, 2026 [2]. Group 2: Company Statements and Market Reaction - On January 27, 2026, Richtech announced a collaboration with Microsoft, which initially caused its stock price to surge by 30% due to perceived commercial potential [4]. - However, on January 29, 2026, Hunterbrook Media reported that Microsoft characterized the engagement as a standard customer program without any commercial element, leading to a rapid decline in Richtech's stock price by over 20% [6]. Group 3: Allegations of Misleading Information - The lawsuit alleges that Richtech misled investors regarding the nature of its relationship with Microsoft, suggesting a meaningful collaboration that did not exist [5][6]. - Hagens Berman's investigation is focused on whether Richtech intentionally misled investors to facilitate a dilutive equity raise [7].
Hagens Berman Scrutinizing Suit Against Fermi (FRMI) Over Alleged $150M Anchor Tenant Exit
Globenewswire· 2026-02-12 22:30
Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against Fermi Inc. related to misrepresentations regarding its Project Matador and its primary tenant's stability, with a lead plaintiff deadline set for March 6, 2026 [1][3][5]. Allegations of the Class Action - The litigation claims that Fermi misrepresented the demand for its Project Matador, a significant AI data center campus, and the reliability of its main tenant [3][5]. - The complaint highlights that Fermi's IPO registration statement inflated the actual demand for Project Matador's multi-gigawatt capacity to attract higher valuations [8]. - It is alleged that Fermi concealed risks associated with relying on a single tenant's funding commitment, which was critical for financing the construction of Project Matador [8]. Impact of Misstatements - On December 12, 2025, Fermi announced the termination of a $150 million Advance in Aid of Construction Agreement by its first tenant, leading to a nearly 34% drop in Fermi's stock price [3][8]. - Following the announcement, Fermi's stock price fell to as low as $8.59 per share, representing a 59% decline from the IPO price of $21.00 per share [8]. Class Action Details - The class action lawsuit aims to represent purchasers of Fermi Inc. common stock related to the October 2025 IPO and those who acquired securities between October 1, 2025, and December 11, 2025 [8].
ICON plc (ICLR) Shares Crater Amid Delayed Financial Report, Investigation Into Revenue Recognition Issues – Hagens Berman
Globenewswire· 2026-02-12 21:32
Core Viewpoint - ICON plc experienced a significant drop in share price, approximately 49%, following the announcement of an investigation into its revenue recognition practices for fiscal years 2023 to 2025, leading to a loss of over $5 billion in market capitalization [1][5]. Group 1: Investigation Details - Hagens Berman, a national shareholder rights law firm, is investigating whether ICON violated federal securities laws, particularly regarding the effectiveness of its internal controls and the conformity of its financial statements with applicable accounting rules [2][6]. - The investigation was triggered by ICON's SEC filing on February 12, 2026, which disclosed an ongoing internal investigation into its accounting practices initiated in late October 2025 [3][5]. - ICON revealed that its investigation indicated potential overstatement of revenue for the years 2023 and 2024, and it expects to report material weaknesses in its internal control over financial reporting [4][5]. Group 2: Market Reaction - Following the disclosures, ICON withdrew its previously issued financial guidance for FY 2025, which had been provided on October 22, 2025, creating uncertainty about the timing of the guidance relative to the investigation [5]. - The market reacted sharply to the news, resulting in a 49% decline in share price during trading on February 12, 2026 [1][5].
INVESTOR ALERT: Richtech Robotics (RR) Investors with Substantial Losses Have Opportunity to Lead Richtech Securities Class Action – Hagens Berman
Globenewswire· 2026-02-10 22:08
Core Viewpoint - Richtech Robotics is facing a securities class action lawsuit following a significant drop in its stock price after a report revealed that Microsoft denied a commercial partnership with the company, leading to a decline of over 20% in share value on January 29, 2026 [1][6]. Group 1: Lawsuit and Investigation - The lawsuit aims to represent investors who acquired Richtech securities between January 27, 2026, and January 29, 2026 [2]. - Hagens Berman, a national shareholder rights law firm, has initiated an investigation into the claims that Richtech violated federal securities laws [2][7]. - The lead plaintiff deadline for the lawsuit is set for April 3, 2026 [2]. Group 2: Company Announcements and Market Reaction - On January 27, 2026, Richtech announced a collaboration with Microsoft, which initially caused its stock price to surge by 30% due to perceived commercial potential [4]. - The subsequent announcement of a dilutive private placement of 8.5 million Class B common shares raised concerns about the company's transparency regarding its relationship with Microsoft [5]. - The market reacted negatively on January 29, 2026, after Hunterbrook Media reported that Microsoft characterized the engagement as a standard customer program without commercial elements, resulting in a further drop of over 20% in Richtech's share price [6].
INVESTOR ALERT: Klarna Group plc (KLAR) Investors with Substantial Losses Have Opportunity to Lead Klarna Securities Class Action – Hagens Berman
Globenewswire· 2026-02-10 21:54
Core Viewpoint - Hagens Berman is notifying investors about a pending securities class action against Klarna Group plc, focusing on alleged misstatements in the company's September 2025 IPO documents [1][4]. Group 1: Allegations and Investigation - The investigation centers on claims that Klarna's IPO documents misled investors by highlighting its credit modeling performance while failing to disclose aggressive lending practices to financially unsophisticated consumers [4][9]. - The lawsuit alleges that Klarna's offering documents materially understated the credit risks associated with lending to clients experiencing financial hardship [9]. - The complaint points out that Klarna's growth was driven by high-frequency, high-interest loans for non-durable goods, which critics argue target vulnerable consumers and increase default risk [9]. Group 2: Financial Impact - Following the IPO, Klarna reported a 102% year-over-year increase in its provision for credit losses, raising concerns about the transparency of its IPO documents [4][5][9]. - After the announcement of the increased credit loss provisions, Klarna's stock price fell nearly 22% below its IPO price, indicating a significant market reaction to the news [9]. Group 3: Next Steps for Investors - Investors who purchased Klarna shares during the September 2025 IPO and experienced losses are encouraged to contact Hagens Berman for assistance [3][6]. - The lead plaintiff deadline for the class action is set for February 20, 2026, prompting timely action from affected investors [7].