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MOONLAKE NOTICE: MoonLake Immunotherapeutics (MLTX) Faces Securities Fraud Allegations after Stock Drops 90%, Investors Urged to Contact BFA Law
Newsfile· 2025-11-24 11:08
Core Viewpoint - MoonLake Immunotherapeutics (MLTX) is facing securities fraud allegations after a significant stock price drop of nearly 90%, prompting investors to seek legal recourse [1][3]. Group 1: Company Overview - MoonLake Immunotherapeutics is a clinical-stage biotechnology company focused on developing therapies for inflammatory diseases [4]. - The company was conducting Phase 3 VELA trials for sonelokimab (SLK), aimed at treating moderate to severe hidradenitis suppurativa (HS) [4]. Group 2: Allegations and Legal Action - A lawsuit has been filed against MoonLake and its senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - The complaint claims that MoonLake misrepresented its clinical data and the advantages of its Nanobody structure over competitors, which undermined the drug's regulatory approval and commercial viability [6]. Group 3: Stock Performance and Impact - Following the announcement of disappointing results from the VELA Phase 3 trials on September 28, 2025, MoonLake's stock plummeted from $61.99 per share to $6.24 per share, a decline of $55.75 or nearly 90% [7].
STRIDE NOTICE: Stride, Inc. (LRN) Faces Securities Fraud Allegations after Stock Drops 50%, Investors Urged to Contact BFA Law
Newsfile· 2025-11-24 11:08
Core Viewpoint - Stride, Inc. is facing a class action lawsuit for securities fraud following a significant drop in its stock price, attributed to alleged violations of federal securities laws [1][3]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [4]. Allegations and Stock Impact - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" to secure state funding and ignored compliance requirements, leading to a poor customer experience [4]. - On September 14, 2025, a report of fraud allegations caused Stride's stock to drop by $18.60 per share, or over 11%, from $158.36 to $139.76 [5]. - Following an admission of poor customer experience on October 28, 2025, Stride's stock plummeted by $83.48 per share, or more than 54%, from $153.53 to $70.05 [6]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the Eastern District of Virginia [3]. - The lawsuit is filed under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Investor Actions - Investors in Stride are encouraged to seek additional information and may have legal options available [2][7].
SNPS COURT ALERT: Synopsys, Inc. Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by December 30
Globenewswire· 2025-11-23 12:41
Core Viewpoint - A class action lawsuit has been filed against Synopsys, Inc. and certain senior executives for securities fraud following a significant stock drop due to potential violations of federal securities laws [1][3]. Company Overview - Synopsys, Inc. provides design automation software products used for designing and testing integrated circuits. Its Design IP segment, which supplies pre-designed silicon components to semiconductor companies, has been the fastest-growing segment, increasing from 25% of revenue in 2022 to 31% in 2024 [4]. Financial Performance - In Q3 2025, Synopsys reported a revenue of $425.9 million for its Design IP segment, reflecting a 7.7% decline year-over-year. The net income was $242.5 million, marking a 43% year-over-year decline [6]. Customer Dynamics - The lawsuit alleges that while Synopsys claimed its customers relied on its IP to minimize integration risk and speed time to market, the reality was that customers began requiring more customization for IP components, negatively impacting the economics of the Design IP business and threatening its business model [5]. Stock Market Reaction - Following the release of disappointing Q3 2025 results, Synopsys' stock price fell from $604.37 per share on September 9, 2025, to $387.78 per share on September 10, 2025, a decline of nearly 36% [6].
LRN COURT ALERT: Stride, Inc. Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by January 12
Globenewswire· 2025-11-23 12:36
Core Points - A class action lawsuit has been filed against Stride, Inc. and its senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][2] - The lawsuit claims that Stride inflated enrollment numbers and failed to comply with legal requirements, leading to a poor customer experience and higher withdrawal rates [3][4] Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3] - The company previously reported increasing growth and strong demand for its products and services [3] Stock Performance - On September 14, 2025, Stride's stock dropped by $18.60 per share (over 11%) following allegations of fraud and deceptive practices, falling from $158.36 to $139.76 [4] - On October 28, 2025, Stride acknowledged issues with customer experience, leading to an estimated loss of 10,000-15,000 enrollments and a subsequent stock drop of $83.48 per share (over 54%), from $153.53 to $70.05 [5]
KMX COURT ALERT: CarMax, Inc. Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by January 2
Globenewswire· 2025-11-23 12:33
Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - Investors have until January 2, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Maryland [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CarMax investors [2]. Group 2: Company Performance and Stock Impact - CarMax reported disappointing financial results for Q2 FY 2026, including a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [5]. - The company's net income for Q2 was approximately $95.4 million, down from $132.8 million the previous year, attributed to a "pull forward" in demand due to U.S. tariffs [5]. - Following the financial report, CarMax's stock dropped $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [6]. - An unexpected departure of CEO Bill Nash on November 6, 2025, and a weak preliminary Q3 2025 outlook led to an additional stock drop of over 24% [6].
FCX COURT ALERT: Freeport-McMoRan Inc. Investors that Lost Money May have been Affected by Fraud -- Contact BFA Law by January 12
Globenewswire· 2025-11-23 12:33
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Freeport-McMoRan Inc. is a mining company with its Indonesian affiliate operating as PT Freeport Indonesia, which manages the Grasberg Copper and Gold Mine [4]. Incident Details - On September 9, 2025, Freeport announced the suspension of mining operations at Grasberg due to a landslide, leading to a stock price drop of $2.77 per share, or over 5.9%, from $46.66 to $43.89 [6]. - On September 24, 2025, Freeport reported that two of the seven trapped individuals had died, and the remaining five were missing. This announcement caused the stock to drop by $7.69 per share, or nearly 17%, from $45.36 to $37.67 [7]. - Following reports of strained relations with the Indonesian government, the stock fell by $2.33 per share, or more than 6%, from $37.67 to $35.34 on September 25, 2025 [8]. - An Indonesian news report on September 28, 2025, indicated that the landslide was preventable, suggesting that Freeport had not adequately addressed known risks associated with its mining methods [9]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the District of Arizona, under the caption Reed v. Freeport-McMoRan Inc., et al. [3].
MOH Deadline: MOH Investors with Losses in Excess of $100K Have Opportunity to Lead Molina Healthcare, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-11-23 00:27
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Molina Healthcare, Inc. securities during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Molina securities between February 5, 2025, and July 23, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by December 2, 2025 [3]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Case Allegations - The lawsuit alleges that Molina Healthcare failed to disclose several material adverse facts, including issues related to medical cost trend assumptions and the company's financial guidance for fiscal year 2025 [5]. - It is claimed that these undisclosed facts led to misleading statements about Molina's business operations and prospects, resulting in investor damages when the truth was revealed [5].
MRX Deadline: MRX Investors with Losses in Excess of $100K Have Opportunity to Lead Marex Group plc Securities Fraud Lawsuit
Prnewswire· 2025-11-22 22:20
Core Points - Rosen Law Firm is reminding investors who purchased Marex Group plc securities between May 16, 2024, and August 5, 2025, of the December 8, 2025, lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Marex securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by December 8, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that during the Class Period, Marex made materially false and misleading statements, including selling over-the-counter financial instruments to itself and inconsistencies in financial statements [5]. - It is claimed that Marex's financial statements could not be relied upon, and positive statements about the company's business were materially misleading [5].
FLY INVESTOR DEADLINE: Firefly Aerospace Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-11-22 17:30
Core Viewpoint - Firefly Aerospace Inc. is facing a class action lawsuit due to alleged violations of securities laws, with claims that the company misrepresented its business prospects and financial performance during its IPO and subsequent reporting period [1][4][5]. Company Overview - Firefly Aerospace operates in the space and defense technology sector, providing mission solutions for national security, government, and commercial customers [3]. IPO Details - The company conducted its initial public offering (IPO) on August 7, 2025, issuing approximately 19.3 million shares at an offering price of $45.00 per share [3]. Allegations of Misrepresentation - The lawsuit claims that Firefly Aerospace overstated demand and growth prospects for its Spacecraft Solutions offerings, as well as the operational readiness and commercial viability of its Alpha rocket program [4]. - It is alleged that these misrepresentations would likely have a material negative impact on the company once revealed [4]. Financial Performance - In its first earnings report as a public company on September 22, 2025, Firefly Aerospace reported a loss of $80.3 million for Q2 2025, compared to a loss of $58.7 million in Q2 2024 [5]. - The company reported revenue of $15.55 million, which was below analyst estimates of $17.25 million and represented a 26.2% decrease from the same quarter in 2024 [5]. - Revenue from the Spacecraft Solutions segment was particularly concerning, with a reported $9.2 million, indicating a 49% year-over-year decrease [5]. Stock Price Impact - Following the earnings report, Firefly Aerospace's share price fell by more than 15% [5]. - On September 29, 2025, the company disclosed an issue with its Alpha Flight 7 rocket, leading to a further decline in share price of over 20% [6].
QURE Investigation Notification: Kessler Topaz Meltzer & Check, LLP Encourages uniQure N.V. (NASDAQ: QURE) Investors with Significant Losses to Contact the Firm
Prnewswire· 2025-11-22 16:40
Core Insights - The law firm Kessler Topaz Meltzer & Check, LLP is investigating potential violations of federal securities laws on behalf of investors of uniQure N.V. [1] - On November 3, 2025, uniQure announced that the FDA indicated insufficient evidence from its AMT-130 gene therapy data to support a Biologics License Application (BLA) submission [2] - Following this announcement, uniQure's stock price plummeted over 50%, from $67.69 on October 31, 2025, to $34.29 on November 3, 2025 [3] Company Developments - uniQure's AMT-130, an investigational gene therapy for Huntington's disease, is facing regulatory challenges as the FDA no longer considers the Phase I/II study data adequate for BLA submission [2] - The timing for the BLA submission for AMT-130 has become uncertain due to the FDA's feedback [2] Market Reaction - The significant drop in uniQure's stock price reflects investor concerns regarding the viability of AMT-130 and its potential market approval [3]