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CHTR INVESTOR ALERT: Charter Communications, Inc. Investors with Substantial Losses Have Opportunity to Lead the Charter Communications Class Action Lawsuit
Prnewswire· 2025-08-16 00:39
Core Viewpoint - The Charter Communications class action lawsuit alleges that the company and its executives made misleading statements regarding the impact of the Federal Communications Commission's Affordable Connectivity Program (ACP) ending, which affected customer declines and revenue growth [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Sandoval v. Charter Communications, Inc., and covers purchasers or acquirers of Charter Communications securities from July 26, 2024, to July 24, 2025 [1]. - Investors have until October 14, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit claims that Charter Communications failed to manage the impact of the ACP ending, leading to significant customer declines and revenue issues [3]. Group 2: Financial Impact - On July 25, 2025, Charter Communications reported second quarter 2025 financial results, showing EBITDA of $5.7 billion, reflecting a growth of 0.5% [4]. - The company experienced a decline of 117,000 Internet customers, with approximately 50,000 disconnects attributed to the end of the ACP [4]. - Following the financial results announcement, Charter Communications' stock price fell by more than 18% [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Charter Communications securities during the Class Period to seek lead plaintiff status [5]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [5]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 [6].
Shareholder Alert: The Ademi Firm investigates whether WideOpenWest, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-08-15 14:47
Core Viewpoint - The Ademi Firm is investigating WideOpenWest for potential breaches of fiduciary duty and other legal violations related to its transaction with DigitalBridge Investments, which involves a significant cash payout to shareholders [1][3]. Transaction Details - Shareholders of WideOpenWest will receive $5.20 per share in an all-cash transaction valued at approximately $1.5 billion [2]. - Crestview, the largest stockholder owning about 37% of WideOpenWest's outstanding shares, will roll over its existing holdings instead of receiving cash [2]. Board Conduct and Shareholder Rights - The transaction agreement imposes significant penalties on WideOpenWest for accepting competing bids, which raises concerns about the board's fulfillment of fiduciary duties to all shareholders [3]. - The investigation focuses on whether the board of directors is acting in the best interests of all shareholders amidst the change of control arrangements that provide substantial benefits to insiders [3].
INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in Reddit Inc. to Contact Law Firm
Prnewswire· 2025-08-11 21:32
Core Insights - Moore Law, PLLC is investigating potential claims against Reddit Inc. due to allegations of materially false and misleading statements regarding user engagement and advertising revenues [1][2] - The investigation highlights that changes in Google Search's algorithm, particularly features like AI Overview, have led to a significant decline in traffic to Reddit, as users are finding answers directly on Google without visiting Reddit [1] - Reddit's outlook on user rates and advertising revenues is deemed unreasonable due to the impact of these algorithm changes [2] Company Specifics - The investigation focuses on the awareness of Reddit's management regarding the increase in the search term "Reddit" on search engines, which is attributed to users receiving answers from Google rather than intending to visit Reddit [1] - The zero-click search phenomenon is identified as a critical factor that has dramatically reduced traffic to Reddit, creating challenges that the company is currently unable to overcome in the short term [1] Legal Context - Shareholders of Reddit Inc. may seek monetary damages, corporate governance reforms, and reimbursement through the investigation led by Moore Law, with representation offered on a contingency fee basis [2]
Shareholder Alert: The Ademi Firm investigates whether Y-mAbs Therapeutics Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-08-05 16:08
Group 1 - The Ademi Firm is investigating Y-mAbs for possible breaches of fiduciary duty and other legal violations related to its transaction with SERB Pharmaceuticals [1] - In the tender offer, Y-mAbs shareholders will receive $8.60 per share in cash, totaling approximately $412 million in equity value [2] - The transaction agreement restricts competing offers for Y-mAbs by imposing a significant penalty if a competing bid is accepted, raising concerns about the board's fiduciary duties to shareholders [3]
Shareholder Alert: The Ademi Firm investigates whether Steelcase Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-08-04 15:32
MILWAUKEE, Aug. 4, 2025 /PRNewswire/ -- The Ademi Firm is investigating Steelcase (NYSE: SCS) for possible breaches of fiduciary duty and other violations of law in its transaction with HNI Corporation.Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.In the transaction, shareholders of Steelcase will receive $7.20 in cash and 0.2192 shares of HNI common stock for each Steel ...
Kuehn Law Encourages Investors of MicroStrategy Incorporated to Contact Law Firm
GlobeNewswire News Room· 2025-07-29 16:51
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of MicroStrategy Incorporated, related to misrepresentation of the company's bitcoin investment strategy and associated risks [1][2]. Group 1: Investigation Details - A federal securities lawsuit alleges that insiders at MicroStrategy misrepresented the anticipated profitability of the company's bitcoin-focused investment strategy and treasury operations [2]. - The lawsuit claims that the risks associated with bitcoin's volatility and potential losses from digital assets were understated, leading to materially false and misleading public statements [2]. Group 2: Shareholder Participation - Shareholders who purchased MicroStrategy stock prior to April 30, 2024, are encouraged to contact Kuehn Law for potential legal action, as there may be limited time to enforce their rights [3]. - Kuehn Law offers to cover all case costs and does not charge investor clients, emphasizing the importance of shareholder involvement in maintaining market integrity [4].
Shareholder Alert: The Ademi Firm investigates whether Synovus Financial Corp. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-07-25 00:05
Core Points - The Ademi Firm is investigating Synovus for potential breaches of fiduciary duty and other legal violations related to its transaction with Pinnacle Financial Partners [1] - In the transaction, Synovus shareholders will receive shares of a new Pinnacle parent company at a fixed exchange ratio of 0.5237 Synovus shares per Pinnacle share, equating to a Synovus per share value of $61.18 [2] - Post-transaction, Synovus shareholders will own approximately 48.5% and Pinnacle shareholders will own approximately 51.5% of the combined entity [2] - Synovus insiders are set to receive substantial benefits as part of change of control arrangements [2] - The transaction agreement imposes significant penalties on Synovus for accepting competing bids, raising concerns about the board's fulfillment of fiduciary duties to all shareholders [3]
Shareholder Alert: The Ademi Firm investigates whether PharmChem, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-07-21 16:00
Core Viewpoint - The Ademi Firm is investigating PharmChem for potential breaches of fiduciary duty and other legal violations related to its transaction with Alcohol Monitoring Systems [1][2]. Group 1: Transaction Details - PharmChem shareholders will receive $3.75 per share in cash as part of the transaction [2]. - The transaction agreement imposes significant penalties on PharmChem for accepting competing bids, which may limit shareholder options [2]. Group 2: Investigation Focus - The investigation is centered on the conduct of PharmChem's board of directors and whether they are fulfilling their fiduciary duties to all shareholders [2].
Shareholder Alert: The Ademi Firm investigates whether ZimVie Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-07-21 15:52
Core Viewpoint - The Ademi Firm is investigating ZimVie for potential breaches of fiduciary duty and other legal violations related to its transaction with ARCHIMED, which involves a cash offer of $19.00 per share, totaling approximately $730 million in enterprise value [1][2]. Group 1 - ZimVie shareholders are set to receive $19.00 per share in cash, equating to an enterprise value of around $730 million [2]. - The transaction agreement includes provisions that significantly limit competing offers for ZimVie, imposing penalties if a competing bid is accepted [3]. - The investigation focuses on whether the ZimVie board of directors is adequately fulfilling their fiduciary responsibilities to all shareholders amidst these arrangements [3].
XPLR INVESTOR ALERT: XPLR Infrastructure, LP f/k/a NextEra Energy Partners, LP Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - XIFR
Prnewswire· 2025-07-10 21:20
Core Viewpoint - The XPLR Infrastructure class action lawsuit alleges that the company and its executives made misleading statements regarding its operations and financial health, leading to significant losses for investors during the specified class period [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Alvrus v. XPLR Infrastructure, LP and involves purchasers of XPLR Infrastructure securities from September 27, 2023, to January 27, 2025, with a deadline of September 8, 2025, to seek lead plaintiff status [1]. - XPLR Infrastructure operates as a "yieldco," managing contracted clean energy projects, including wind and solar power, and a natural gas pipeline [2]. Group 2: Allegations Against XPLR Infrastructure - The lawsuit claims that XPLR Infrastructure struggled to maintain its yieldco operations and entered financing arrangements that were downplayed in terms of risk [3]. - It is alleged that the company could not resolve these financing issues without risking significant dilution of unitholder value, leading to a planned halt in cash distributions to investors [3]. - On January 28, 2025, XPLR Infrastructure announced the suspension of cash distributions and the abandonment of its yieldco model, resulting in a nearly 35% drop in the price of its common units [4]. Group 3: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased XPLR Infrastructure securities during the class period to seek lead plaintiff status, representing the interests of the class [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6].