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KMX SHAREHOLDERS: A Securities Class Action against CarMax, Inc. has been Filed on behalf of Investors -- Contact BFA Law by January 2 if You Suffered Losses
Globenewswire· 2025-11-21 11:08
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].
SNPS SHAREHOLDERS: A Securities Class Action against Synopsys, Inc. has been Filed on behalf of Investors -- Contact BFA Law by December 30 if You Suffered Losses
Globenewswire· 2025-11-21 11:08
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]. Allegations and Impact - The lawsuit alleges that Synopsys misled investors by stating that customers relied on its IP to minimize integration risk and speed time to market, while in reality, customers required more customization, negatively impacting the economics of the Design IP business [5]. - Following the release of disappointing financial results on September 9, 2025, Synopsys's stock price fell from $604.37 to $387.78 per share, a decline of nearly 36% [6].
LRN SHAREHOLDERS: A Securities Class Action against Stride, Inc. has been Filed on behalf of Investors -- Contact BFA Law by January 12 if You Suffered Losses
Globenewswire· 2025-11-21 11:08
Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][2]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. Allegations - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students," failed to comply with employee background checks and licensure laws, and experienced poor customer service leading to higher withdrawal rates and lower conversion rates [3][4]. Stock Performance - On September 15, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share following the fraud allegations [4]. - On October 29, 2025, after Stride admitted to poor customer experience affecting enrollments, the stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]. 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 [2].
Six Flags Entertainment Corporation (NYSE: FUN) Faces Financial and Legal Challenges
Financial Modeling Prep· 2025-11-21 07:02
Core Viewpoint - Six Flags Entertainment Corporation (NYSE:FUN) is facing financial challenges and legal issues, but UBS has set a price target of $27, indicating a potential increase of approximately 89.56% from its current price of $12.83 [1][5]. Financial Performance - The current stock price of FUN is $12.83, reflecting a decrease of 5.17% with a change of $0.70. The stock has fluctuated between a low of $12.79 and a high of $13.98 today. Over the past year, the stock reached a high of $49.77 and a low of $12.79, indicating significant volatility [3][5]. - FUN has a market capitalization of approximately $1.3 billion, with a trading volume of 4,346,345 shares on the NYSE, showing active investor interest despite current challenges [4]. Legal Issues - A securities fraud class action lawsuit has been filed against Six Flags, claiming the company failed to disclose important information during its merger with Cedar Fair, L.P. on July 1, 2024. The lawsuit alleges that Six Flags has been underinvesting in its parks and operations for several years [2][5].
SKYE Investors Have Opportunity to Lead Skye Bioscience, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-11-21 06:34
Core Viewpoint - A class action lawsuit has been filed against Skye Bioscience, Inc. for alleged violations of securities laws, specifically related to misleading statements about its drug candidate, nimacimab, and its commercial prospects [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to investors who purchased Skye's securities between November 4, 2024, and October 3, 2025, and encourages them to contact the Schall Law Firm before January 16, 2026 [2]. - The complaint alleges that Skye made false and misleading statements regarding the effectiveness of nimacimab and overstated its commercial and clinical prospects [4]. Group 2: Investor Impact - Investors suffered damages when the truth about Skye's drug candidate and its market position was revealed [4]. - The Schall Law Firm specializes in securities class action lawsuits and represents investors globally [4].
Grabar Law Office Investigates Claims on Behalf of Shareholders of Webtoon Entertainment Inc. (WBTN) As Securities Fraud Class Action Survives Motion to Dismiss
Newsfile· 2025-11-21 03:27
Core Viewpoint - Grabar Law Office is investigating claims against WEBTOON Entertainment Inc. regarding potential breaches of fiduciary duties by certain officers and directors, linked to misleading statements made during the company's IPO [2][3]. Group 1: Allegations of Misleading Information - WEBTOON allegedly misrepresented the health of its business at the time of its IPO by claiming that Monthly Active Users (MAU) were stable and rebounding, despite internal data indicating a sharp decline in MAUs in Korea and globally [3][4]. - The complaint asserts that WEBTOON failed to disclose a delay in an AI recommendation tool that contributed to weakening user engagement, which was critical for the company's performance [3][4]. - The court found that WEBTOON's statements created a misleading impression of stability and growth, while the company was aware of deteriorating MAU levels [4][7]. Group 2: Court Rulings and Legal Proceedings - On November 14, 2025, the U.S. District Court for the Central District of California denied the defendants' motion to dismiss the securities fraud class action, allowing the case to proceed [4][6]. - The court determined that the plaintiff adequately alleged that WEBTOON's risk disclosures were misleading, as the company only warned that MAU declines and foreign currency fluctuations "could" occur, despite these risks already materializing [5][7]. - The court allowed claims related to misleading risk disclosures and the failure to disclose known adverse information to proceed under securities laws [5][7].
JHX INVESTOR ALERT: James Hardie Industries plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RGRD Law
Globenewswire· 2025-11-21 03:04
Core Viewpoint - The James Hardie Industries plc is facing a class action lawsuit due to alleged misrepresentations regarding its North America Fiber Cement sales performance during a period of inventory destocking, leading to significant stock price decline [1][3][4]. Company Overview - James Hardie Industries plc designs and manufactures a variety of fiber cement building products, with manufacturing facilities located in both the United States and Australia [2]. Class Action Details - The class action lawsuit is titled "Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc" and is filed in the Northern District of Illinois [1]. - The lawsuit claims that during the class period from May 20, 2025, to August 18, 2025, the company and its executives made false statements about the strength of their sales, despite evidence of inventory destocking [3]. - On August 19, 2025, James Hardie disclosed a 12% decline in North America Fiber Cement sales, which resulted in a stock price drop of over 34% [4]. Legal Process - Investors who purchased James Hardie common stock during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to represent the interests of all class members [5]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, being ranked 1 in monetary relief for investors in securities class action cases for four out of the last five years [6].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of SCHMID Group N.V. - SHMD
Prnewswire· 2025-11-20 23:36
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving SCHMID Group N.V. following a significant stock price drop after the company announced it may be delisted from Nasdaq due to failure to file its annual report for 2024 [1][2]. Group 1: Company Actions and Financial Impact - On November 17, 2025, SCHMID Group N.V. received a staff determination letter from Nasdaq indicating the potential delisting of its ordinary shares and warrants due to the failure to file its annual report for 2024 [2]. - Following the announcement, SCHMID's stock price decreased by $1.73 per share, representing a decline of 31.51%, closing at $3.76 per share on November 18, 2025 [2]. Group 2: Legal Investigation - Pomerantz LLP is conducting an investigation on behalf of investors of SCHMID Group N.V. to determine if the company and its officers or directors have engaged in securities fraud or other unlawful business practices [1].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Alibaba Group Holding Limited - BABA
Prnewswire· 2025-11-20 23:36
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Alibaba Group Holding Limited, following allegations of the company's technological support for Chinese military operations against U.S. targets, which has led to a decline in its stock price [1][2]. Group 1: Investigation Details - Pomerantz LLP is representing investors of Alibaba and is looking into whether the company and its officers or directors have engaged in securities fraud or other unlawful business practices [1]. - The investigation was prompted by a report from the Financial Times, citing a White House memo, which claimed that Alibaba is providing technological support for Chinese military operations [2]. Group 2: Stock Market Reaction - Following the allegations, Alibaba's American Depositary Receipt (ADR) price fell by $6.04, or 3.78%, closing at $153.80 per ADR on November 14, 2025 [2].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Home Depot, Inc. - HD
Prnewswire· 2025-11-20 23:36
Core Viewpoint - Home Depot's recent financial results for Q3 2025 fell short of forecasts, leading to a significant drop in stock price, attributed to a lack of storms and consumer uncertainty impacting demand [2]. Financial Performance - Home Depot reported earnings per share and sales that missed forecasts, primarily due to the lack of storms in Q3 2025, which resulted in greater than expected pressure in certain categories [2]. - The company projected same-store sales for the full year to be "slightly positive," a downgrade from the previous expectation of a 1% increase [2]. - Adjusted earnings per share are forecasted to drop by 5%, exceeding the previously projected 2% decline [2]. - Following the announcement, Home Depot's stock price fell by $21.55 per share, or 6.02%, closing at $336.48 per share on November 18, 2025 [2]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of investors regarding potential securities fraud or unlawful business practices by Home Depot and its officers/directors [1].