Portnoy Law Firm
Search documents
Portnoy Law Firm Announces Class Action on Behalf of Masonite International Corporation Investors
Globenewswire· 2026-02-26 15:54
LOS ANGELES, Feb. 26, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Masonite International Corporation, (“Masonite” or the "Company") (NYSE: DOOR) investors of a class action on behalf of investors that bought securities between June 5, 2023 and February 8, 2024, inclusive (the “Class Period”). Masonite investors have until April 7, 2026 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss t ...
Portnoy Law Firm Announces Class Action on Behalf of NuScale Power Corporation Investors
Globenewswire· 2026-02-20 16:51
Core Viewpoint - NuScale Power Corporation is facing a class action lawsuit due to allegations of misleading statements regarding its commercialization partnership with ENTRA1 Energy LLC and significant financial losses during the Class Period from May 13, 2025, to November 6, 2025 [1][4]. Company Overview - NuScale Power Corporation specializes in small modular nuclear reactors, specifically the NuScale Power Module (NPM), aimed at generating energy within larger power plants [3]. - The company entered a global commercialization partnership with ENTRA1 Energy LLC, which was expected to advance NuScale's NPM technology from development to deployment [3]. Allegations and Financial Impact - The class action lawsuit claims that NuScale made false statements about ENTRA1's capabilities, asserting that ENTRA1 had no significant experience in building or operating nuclear power projects [4]. - NuScale's general and administrative expenses surged over 3,000% to $519 million in the third fiscal quarter, primarily due to a $495 million payment to ENTRA1 related to the TVA agreement [5]. - The company's net loss for the quarter increased to $532 million, compared to $46 million in the same period the previous year [5]. - Following the revelation of these financial issues, NuScale's Class A share price dropped by more than 12% over two days [5].
Portnoy Law Firm Announces Class Action on Behalf of Paysafe Limited Investors
Globenewswire· 2026-02-12 17:32
Core Viewpoint - Paysafe Limited is facing a class action lawsuit due to undisclosed risks that negatively impacted its financial performance during the specified class period [1][3]. Group 1: Class Action Details - The class action is on behalf of investors who purchased Paysafe securities between March 4, 2025, and November 12, 2025, with a deadline for filing a lead plaintiff motion set for April 7, 2026 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Allegations Against Paysafe - The complaint alleges that Paysafe's ecommerce business had significant exposure to a single high-risk client, which was not disclosed to investors [3]. - It is claimed that the company's credit loss reserves and/or write-offs were understated due to this exposure [3]. - Paysafe reportedly faced issues with higher risk Merchant Category Codes, complicating its client services [3]. - These undisclosed issues were likely to materially negatively impact the company's revenue growth and overall revenue mix [3]. - As a result of these revelations, Paysafe's stock price dropped by $2.80, or 27.6%, closing at $7.36 per share on November 13, 2025 [3]. Group 3: Legal Representation - The Portnoy Law Firm has a history of recovering over $5.5 billion for investors affected by corporate wrongdoing [4].
Portnoy Law Firm Announces Class Action on Behalf of BlackRock TCP Capital Corp. Investors
Globenewswire· 2026-02-12 16:42
LOS ANGELES, Feb. 12, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises BlackRock TCP Capital Corp., (“BlackRock” or the "Company") (NASDAQ: TCPC) investors off a class action on behalf of investors that bought securities between November 6, 2024 and January 23, 2026, inclusive (the “Class Period”). BlackRock investors have until April 6, 2026 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss ...
Oracle Corporation Investigated by the Portnoy Law Firm
Globenewswire· 2026-01-15 15:08
Core Viewpoint - The Portnoy Law Firm has initiated an investigation into potential securities fraud involving Oracle Corporation and may file a class action on behalf of investors [1]. Group 1: Legal Actions - Investors are encouraged to contact the Portnoy Law Firm to discuss their legal rights and options for pursuing claims to recover losses [2]. - The firm offers complimentary case evaluations for investors affected by the alleged corporate wrongdoing [4]. Group 2: Financial Developments - On September 10, 2025, Oracle announced a $300 billion, five-year cloud computing contract with OpenAI to supply computing power [3]. - Reports on November 13, 2025, indicated that Oracle was seeking to raise an additional $38 billion in debt sales to fund its AI buildout, which led to a stock price drop of $9.42 per share, or 4.15%, closing at $217.57 per share [3]. - During a December 10, 2025 earnings call, Oracle's Executive Vice President disclosed an expected increase in fiscal 2026 capital expenditures by about $15 billion, resulting in a further stock price decline of $24.16 per share, or 10.83%, closing at $198.85 per share on December 11, 2025 [3].
Instacart Investigated by the Portnoy Law Firm
Globenewswire· 2025-12-12 21:42
Core Viewpoint - The Portnoy Law Firm has initiated an investigation into possible securities fraud involving Instacart, potentially leading to a class action lawsuit on behalf of investors [1][3]. Company Summary - Instacart's stock experienced a decline on December 10, 2025, following a report that accused the company of charging different prices for the same items, which could undermine customer trust [3]. - The report was conducted by Consumer Reports, Groundwork Collaborative, and More Perfect Union, highlighting significant concerns regarding pricing practices [3]. Legal Actions - Investors are encouraged to contact the Portnoy Law Firm to discuss their legal rights and options for pursuing claims to recover losses [2][4]. - The Portnoy Law Firm has a history of recovering over $5.5 billion for investors affected by corporate wrongdoing [4].
HelloFresh SE Investigated by the Portnoy Law Firm
Globenewswire· 2025-11-12 15:52
LOS ANGELES, Nov. 12, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises HelloFresh SE, (“HelloFresh" or the "Company") (OTC: HELFY, HLFFF) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/hellofresh-SE. The Portnoy Law Firm ...
Zions Bancorporation, N.A. Investigated by the Portnoy Law Firm
Globenewswire· 2025-10-28 19:39
Core Viewpoint - Zions Bancorporation is under investigation for possible securities fraud following the disclosure of misrepresentations and defaults related to loans, which has led to a significant drop in its stock price [1][3]. Summary by Sections Investigation and Legal Actions - The Portnoy Law Firm has initiated an investigation into Zions Bancorporation and may file a class action on behalf of investors [1]. - Investors are encouraged to contact the law firm to discuss their legal rights and options for pursuing claims [2]. Financial Disclosure and Impact - On October 15, 2025, Zions Bancorporation revealed it had identified misrepresentations and defaults by borrowers under two commercial loans, leading to a provision for approximately $60 million and a charge-off of $50 million [3]. - Following this announcement, Zions' stock price fell by $7.10, or 13.14%, closing at $46.93 on October 16, 2025, resulting in losses for investors [3].
F5, Inc. Investigated by the Portnoy Law Firm
Globenewswire· 2025-10-23 18:09
Core Viewpoint - F5, Inc. is under investigation for possible securities fraud following a significant security breach that led to unauthorized access to its systems, resulting in a notable decline in share price [1][3]. Group 1: Investigation and Legal Actions - The Portnoy Law Firm has initiated an investigation into F5, Inc. and may file a class action on behalf of investors [1]. - Investors are encouraged to contact the law firm for legal rights discussions and to join the case [2]. Group 2: Security Breach Details - On October 15, 2025, F5 disclosed that a sophisticated nation-state threat actor gained unauthorized access to its systems, including the BIG-IP product development environment [3]. - The investigation revealed that the threat actor maintained long-term access and exfiltrated files containing portions of the BIG-IP source code and information on undisclosed vulnerabilities [3]. - Following the announcement, F5's share price dropped by $35.40, approximately 10.70%, from $330.75 to $295.35 [3].
Portnoy Law Firm Announces Class Action on Behalf of Moonlake Immunotherapeutics, Inc. Investors
Globenewswire· 2025-10-23 15:56
Core Viewpoint - MoonLake Immunotherapeutics, Inc. is facing a class action lawsuit from investors who purchased securities during the specified class period, indicating potential concerns regarding the company's performance and transparency [1][3]. Group 1: Company Overview - MoonLake Immunotherapeutics, Inc. 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]. Group 2: Legal Context - Investors have until December 15, 2025, to file a lead plaintiff motion in the class action lawsuit [1]. - The lawsuit suggests that SLK's commercial prospects hinge on its efficacy in treating HS, which is compared to Union Chimique Belge's BIMZELX, an FDA-approved monoclonal antibody for the same condition [3]. Group 3: Investor Communication - Investors are encouraged to contact attorney Lesley F. Portnoy for legal rights discussions and to explore options for recovering losses [2][4].