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CHTR INVESTOR NOTICE: Charter Communications, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-08-25 11:12
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: Lawsuit Details - The class action lawsuit is titled Sandoval v. Charter Communications, Inc., and it involves 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 - 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]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6]. - The firm has been ranked 1 in securing monetary relief for investors in securities class action cases for four out of the last five years [6].
Shareholder Alert: The Ademi Firm investigates whether Soho House & Co Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-08-19 15:25
Core Viewpoint - The Ademi Firm is investigating SoHo House for potential breaches of fiduciary duty and other legal violations related to its going-private transaction [1] Group 1: Transaction Details - Shareholders of SoHo House will receive $9.00 per share in cash, leading to a total enterprise value of approximately $2.7 billion [2] - Executive Chairman Ron Burkle and Yucaipa Companies will roll their controlling equity interests and maintain majority control of the business [2] - Insiders at SoHo House will receive significant benefits as part of the change of control arrangements [2] Group 2: Investigation Focus - The transaction agreement imposes significant penalties on SoHo House for accepting competing bids, which may limit competing transactions unreasonably [3] - The investigation is centered on the conduct of the SoHo House board of directors and whether they are fulfilling their fiduciary duties to all shareholders [3]
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
Core Insights - The Ademi Firm is investigating Steelcase for potential breaches of fiduciary duty and other legal violations related to its transaction with HNI Corporation [1][3] - The transaction involves Steelcase shareholders receiving $7.20 in cash and 0.2192 shares of HNI common stock for each Steelcase share, valuing the deal at approximately $2.2 billion [2] - The implied per-share purchase price for Steelcase is $18.30, based on HNI's closing share price of $50.62 on August 1, 2025 [2] - Upon completion of the transaction, HNI shareholders will own about 64% of the combined company, while Steelcase shareholders will own approximately 36% [2] Transaction Details - Steelcase insiders are set to receive significant benefits as part of the change of control arrangements [3] - The transaction agreement includes provisions that unreasonably limit competing offers for Steelcase, imposing a substantial penalty if a competing bid is accepted [3] - The investigation focuses on whether the Steelcase board of directors is fulfilling their fiduciary duties to all shareholders [3]
Shareholder Alert: The Ademi Firm investigates whether Performant Healthcare Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-08-04 14:00
Core Viewpoint - The Ademi Firm is investigating Performant for potential breaches of fiduciary duty and other legal violations related to its transaction with Machinify, which involves a cash payment to shareholders [1][3]. Transaction Details - Shareholders of Performant will receive $7.75 in cash for each share of common stock, totaling approximately $670 million [2]. - Performant insiders are set to receive significant benefits as part of the change of control arrangements [2]. Investigation Focus - The transaction agreement imposes a substantial penalty on Performant if it accepts a competing bid, which may limit competing transactions unreasonably [3]. - The investigation will assess whether the Performant board of directors is fulfilling their fiduciary duties to all shareholders [3].
Capital One 360 Money Market Account Holders Have Opportunity to Join Improper Interest Investigation with the Schall Law Firm
Prnewswire· 2025-07-31 14:36
CONTACT: LOS ANGELES, July 31, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder litigation firm, announces that it is investigating claims on behalf of Capital One Financial Corporation ("Capital One" or "the Company") (NYSE: COF) 360 Money Market account holders for violations of a variety of state laws, including consumer protection laws. The investigation focuses on whether Capital One wrongfully capped interest rates on its 360 Money Market accounts for the period from September 2019 thr ...
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].