Securities Fraud
Search documents
EPAM SYSTEMS, INC. INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud
Businesswire· 2026-02-28 01:00
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against EPAM Systems, Inc. regarding possible violations of federal securities laws or unlawful business practices by the company or its senior management [1] Financial Results - On February 19, 2026, EPAM reported its financial results for the fourth quarter and full year 2025 [1]
MCW NOTICE: Investigation Launched into Mister Car Wash, Inc., Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm
Prnewswire· 2026-02-28 00:46
Core Viewpoint - An investigation has been launched into potential breaches of fiduciary duty by the directors, officers, and controlling shareholder of Mister Car Wash, Inc. following its announcement of a merger agreement with Leonard Green & Partners at a price significantly below its recent trading high [1] Company Overview - Mister Car Wash operates approximately 550 locations and claims to have the largest car wash subscription program in North America [1] Acquisition Details - On February 18, 2026, Mister Car Wash announced a definitive merger agreement with investment funds managed by Leonard Green & Partners, offering $7.00 per share, which represents a nearly 20% discount from the company's 52-week high [1] - Leonard Green currently owns about 67% of Mister Car Wash's outstanding shares and has secured the necessary vote for the acquisition through a "Written Consent," eliminating the need for a vote from minority stockholders [1] - If the acquisition is completed, Mister Car Wash's common stock will be delisted from the Nasdaq Global Market and deregistered under the Securities Exchange Act of 1934 [1]
Securities Fraud Investigation Into Franklin BSP Realty Trust, Inc. (FBRT) Announced – Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz
Businesswire· 2026-02-27 21:42
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Franklin BSP Realty Trust, Inc. ("FBRT†or the "Company†) (NYSE: FBRT) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON FRANKLIN BSP REALTY TRUST, INC. (FBRT), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is the Investigation About? On February 11, 2026, FBRT released its fourth. ...
CLASS ACTION NOTICE: Berger Montague Advises NuScale Power Corporation (SMR) Investors to Inquire About a Securities Fraud Class Action
TMX Newsfile· 2026-02-27 14:06
Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation for allegedly misleading investors about its commercialization strategy and financial performance during a specific period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired NuScale securities from May 13, 2025, to November 6, 2025 [1][2]. - Investors have until April 20, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Allegations - The complaint claims that NuScale misrepresented its partnership with ENTRA1 Energy LLC, which lacked experience in nuclear power projects [3]. - The lawsuit highlights that NuScale's general and administrative expenses surged to $519 million in Q3 2025, over 3,000% higher than the previous year, primarily due to a $495 million milestone payment to ENTRA1 [4]. Group 3: Financial Impact - Following the disclosures, NuScale's Class A shares fell more than 12%, dropping from $32.46 on November 6, 2025, to $28.43 on November 10, 2025 [5]. - CEO John L. Hopkins indicated that milestone payments to the Tennessee Valley Authority could exceed $3 billion [4].
ZYXIQ Stockholder Alert: Robbins LLP Reminds Investors of the Securities Fraud Class Action Filed on Behalf of Zynex, Inc. Stockholders
Globenewswire· 2026-02-27 13:00
SAN DIEGO, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Zynex, Inc. (OTCMKTS: ZYXIQ) securities between February 25, 2021 and December 15, 2025. Zynex is a medical device manufacturer that produces and markets electrotherapy devices for use in pain management, physical rehabilitation, neurological diagnosis, and cardiac monitoring. For more information, submit a form, email attorney Aaron Dumas ...
CRWV Investor Alert: CoreWeave, Inc. Securities Fraud Class Action Focuses on Infrastructure Delays; BFA Law Notifies Investors of March 13 Court Deadline
Globenewswire· 2026-02-27 12:18
Core Points - A class action lawsuit has been filed against CoreWeave, Inc. and certain senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][4] - Investors have until March 13, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of New Jersey [4][10] Company Overview - CoreWeave is an AI-focused cloud computing company that operates data centers providing high-performance GPU infrastructure [5] - The company relies on partnerships, including a merger agreement with Core Scientific announced on July 7, 2025 [5] Allegations of Misconduct - The lawsuit claims CoreWeave misrepresented its ability to meet customer demand and concealed significant construction delays at its data centers [6][10] - CoreWeave assured investors of its capability to capitalize on unprecedented demand and rapidly scale operations, which is alleged to be overstated [6] Stock Performance and Impact - On October 30, 2025, CoreWeave's stock dropped by $8.87 (over 6%) after the merger with Core Scientific was terminated due to insufficient shareholder votes [7] - Following a revenue guidance reduction on November 10, 2025, the stock fell by $17.22 (over 16%) [8] - A report on December 15, 2025, regarding delays in a major data center project led to an additional stock drop of $2.85 (over 3%) [9]
FRMI Investor Alert: Fermi Inc. Securities Fraud Class Action Focuses on Cancellation of $150 Million Customer Agreement; BFA Law Notifies Investors of March 6 Court Deadline
Globenewswire· 2026-02-27 12:18
Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - Investors have until March 6, 2026, to request to lead the case, which includes claims of securities fraud under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Sections 11 and 15 of the Securities Act of 1933 [3][10]. - The lawsuit is pending in the U.S. District Court for the Southern District of New York, titled Lupia v. Fermi Inc., et al., No. 1:26-cv-00050 [3]. Group 2: Company Background - Fermi Inc. is an energy and AI infrastructure company aiming to build large-scale nuclear reactors to support grid-independent data centers for AI companies, with its flagship project being Project Matador [4]. - The company completed its IPO in October 2025, claiming strong demand for Project Matador and securing an agreement with a tenant for a 20-year lease [5]. Group 3: Allegations and Stock Impact - Allegations state that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. - Following the announcement of the First Tenant's termination of the agreement on December 11, 2025, Fermi's stock dropped by $5.16 per share, over 33%, from $15.25 to $10.09 [7][10].
SMR Investor Alert: NuScale Power Corporation Securities Fraud Class Action Focuses on ENTRA1 Issues; BFA Law Notifies Investors of April 20 Court Deadline
Globenewswire· 2026-02-27 11:36
Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][4]. Group 1: Lawsuit Details - Investors have until April 20, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Oregon [4][10]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in NuScale Class A common stock [4][10]. Group 2: Allegations Against NuScale - NuScale is accused of misrepresenting the capabilities and experience of ENTRA1 Energy LLC, which was supposed to construct power generation facilities using NuScale's technology [5][10]. - ENTRA1 was portrayed as a well-established independent power plant development platform, but it allegedly had no significant experience in building or operating nuclear power projects [6][7]. Group 3: Stock Performance Impact - On November 6, 2025, NuScale reported a dramatic increase in general and administrative expenses from $17 million to $519 million, primarily due to a $495 million payment to ENTRA1 [8]. - Following the disclosure of ENTRA1's lack of experience, NuScale's stock dropped by $4.03 per share, or over 12.4%, from $32.46 to $28.43 between November 6 and November 10, 2025 [8][10].
PFSI Investor Alert: PennyMac Financial Services, Inc. Securities Fraud Investigation Focuses on Refinancing Issues; BFA Law Notifies Investors with Losses to Contact the Firm
Globenewswire· 2026-02-27 11:33
Core Viewpoint - PennyMac Financial Services, Inc. is under investigation for potential violations of federal securities laws related to its mortgage recapture efforts as interest rates declined [1][2][3]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is investigating whether PennyMac misrepresented its ability to recapture customers refinancing their mortgages during a period of declining interest rates [3]. - The investigation follows PennyMac's claims of improving recapture rates, which may not align with actual performance [2]. Group 2: Financial Performance and Stock Impact - On January 29, 2026, PennyMac reported disappointing financial results for Q4 2025, revealing that increased origination capacity did not translate into expected refinance business due to heightened competition [4]. - Following the earnings call, PennyMac's stock price dropped over 37%, from $140.70 per share to as low as $93.50 per share [4].
FBRT Investors Have Opportunity to Lead Franklin BSP Realty Trust, Inc. Securities Fraud Lawsuit First Filed by the Rosen Law Firm
Prnewswire· 2026-02-27 01:32
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of securities of Franklin BSP Realty Trust, Inc. for the period between November 5, 2024, and February 11, 2026, alleging that the company made false and misleading statements regarding its business prospects and dividend maintenance [1][5]. Group 1: Lawsuit Details - The lawsuit claims that defendants overstated Franklin BSP Realty Trust's prospects and its ability to maintain a $0.355 dividend, leading to materially false and misleading statements about the company's business and operations [5]. - Investors who purchased securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Participation Information - To join the class action, interested parties can visit the provided link or contact Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must move the Court by April 27, 2026, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].