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香港证监会就涉及非法卖空的证券欺诈案件提出检控
Zhi Tong Cai Jing· 2025-11-06 09:12
Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) has initiated criminal proceedings against two individuals for engaging in fraudulent activities related to illegal short selling of shares in 28 Hong Kong-listed companies, violating the Securities and Futures Ordinance [1] Group 1: Legal Proceedings - The SFC has accused the defendants, Chen Haicheng and Li Baocheng, of falsely claiming that Chen held sufficient shares in the 28 companies to support sell orders issued through his account at Beigelong Securities Limited [1] - The illegal short selling occurred between May 27, 2020, and December 29, 2020, resulting in profits of approximately HKD 11 million [1] - The case has been adjourned until February 6, 2026, when the prosecution will seek to transfer the case to the District Court for further proceedings [1] Group 2: Bail Conditions - Both defendants have been granted bail pending the next hearing, with conditions including: not leaving Hong Kong, surrendering all travel documents, regular reporting to the police, posting bail of HKD 280,000 each, and residing at the declared address while notifying police of any changes [1]
DXCM: Kirby McInerney LLP Advises DexCom, Inc. Investors of Class Action Lawsuit
Globenewswire· 2025-11-05 23:00
Core Viewpoint - The article discusses a securities fraud class action lawsuit against DexCom, Inc. related to misleading statements and undisclosed risks associated with its G6 and G7 glucose monitoring devices, which allegedly posed health risks to users [3]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased DexCom securities between July 26, 2024, and September 17, 2025, alleging that the company made unauthorized design changes to its G6 and G7 devices, compromising their reliability and safety [3]. - Allegations include that DexCom overstated the enhancements and reliability of the G7 devices while downplaying the severity of health risks associated with them [3]. Regulatory Issues - On March 7, 2025, DexCom received a warning letter from the FDA regarding manufacturing and quality management concerns, leading to a share price decline of approximately 9.15%, from $77.84 to $70.72 [4]. - The FDA's published warning on March 25, 2025, indicated that the G6 and G7 devices were "adulterated" due to unauthorized modifications, causing inaccuracies that increased health risks for users, resulting in a further share price drop of about 2.4% [5]. Market Reactions - On September 8, 2025, Oppenheimer downgraded DexCom's rating from "outperform" to "perform," citing rising concerns about the G7's accuracy and performance, which led to a share price decline of approximately 3.1% [6]. - A report by Hunterbrook Media LLC on September 18, 2025, highlighted severe health risks linked to the G7 devices, including hospitalizations and fatalities, causing a significant share price drop of about 11% [7].
DEXCOM CLASS ACTION LAWSUIT: DexCom, Inc. (NASDAQ:DXCM) Investors with Losses are Notified of the Upcoming December 26 Court Deadline – Contact BFA Law
Globenewswire· 2025-11-05 13:06
Core Viewpoint - A class action lawsuit has been filed against DexCom, Inc. and its senior executives for securities fraud following significant stock declines attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - Investors have until December 26, 2025, to request to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of DexCom investors [2]. Group 2: Product Issues - DexCom manufactures continuous glucose monitoring systems, including the G6 and G7, which were marketed as highly accurate [3]. - Allegations state that unauthorized design changes were made to the G6 and G7, compromising their accuracy and exposing users to health risks [4]. Group 3: Stock Performance - DexCom's stock experienced significant declines due to quality issues with the G6 and G7, including a drop of $7.12 per share (over 9%) following an FDA warning letter on March 7, 2025 [5]. - After the FDA published the warning letter on March 25, 2025, the stock fell an additional $3.19 per share (over 4%) [6]. - A report by Hunterbrook on September 18, 2025, revealed serious safety concerns, leading to a nearly 12% drop in stock price, equating to $8.99 per share [7].
uniQure N.V. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors (QURE)
Globenewswire· 2025-11-04 23:00
Core Viewpoint - Kirby McInerney LLP is investigating potential claims against uniQure N.V. regarding possible violations of federal securities laws or unlawful business practices [1][3]. Group 1: Company Disclosure - On November 3, 2025, uniQure announced that the FDA no longer agrees that data from Phase I/II studies of AMT-130 may be adequate for a Biologics License Application (BLA) submission [3]. - The timing of the BLA submission for AMT-130 is now unclear following the FDA's stance [3]. Group 2: Market Reaction - Following the announcement, uniQure's share price fell by $33.40, a decline of approximately 49.33%, from $67.69 on October 31, 2025, to $34.29 on November 3, 2025 [3].
KMX Investors Have Opportunity to Lead CarMax, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-11-04 01:10
Core Viewpoint - CarMax, Inc. is facing a class action lawsuit for securities fraud, with allegations of false and misleading statements regarding its growth prospects during the fiscal year 2026 [1][5]. Group 1: Lawsuit Details - The class action lawsuit is based on violations of the Securities Exchange Act of 1934, specifically §§10(b) and 20(a), and Rule 10b-5 [1]. - Investors who purchased CarMax securities between June 20, 2025, and September 24, 2025, are encouraged to participate in the lawsuit before January 2, 2026 [2]. - The lawsuit has not yet been certified, meaning potential class members are not currently represented by an attorney [4]. Group 2: Allegations Against CarMax - The complaint alleges that CarMax overstated its growth prospects, attributing early fiscal year 2026 growth to customer speculation about tariffs on vehicles [5]. - The public statements made by CarMax during the class period are claimed to be false and materially misleading, leading to investor damages once the truth was revealed [5].
SNPS Investors Have Opportunity to Lead Synopsys, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-11-03 22:23
Core Viewpoint - Synopsys, Inc. is facing a class action lawsuit for alleged securities fraud, with claims that the company made false and misleading statements regarding its focus on AI customers and its impact on the Design IP business [5]. Group 1: Lawsuit Details - The class action lawsuit is against Synopsys for violations of the Securities Exchange Act of 1934 and related SEC rules [1]. - Investors who purchased securities between December 4, 2024, and September 9, 2025, are encouraged to contact the Schall Law Firm before December 30, 2025 [2]. - The lawsuit has not yet been certified, meaning potential class members are not currently represented by an attorney [4]. Group 2: Allegations Against Synopsys - The complaint alleges that Synopsys's increased focus on AI customers negatively impacted its Design IP business, leading to misleading public statements [5]. - The company's decisions regarding "certain road map and resource decisions" were unlikely to achieve their intended results, contributing to the misleading nature of its public statements [5]. - As a result of these misleading statements, investors suffered damages when the truth about Synopsys was revealed [5].
James Hardie Industries plc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before December 23, 2025 to Discuss Your Rights – JHX
Globenewswire· 2025-11-03 21:06
Core Viewpoint - A class action securities lawsuit has been filed against James Hardie Industries plc, alleging securities fraud that negatively impacted investors between May 20, 2025, and August 18, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements and concealed adverse facts regarding the North America segment of James Hardie, including deteriorating consumer demand and growth [2]. - It is alleged that overstocking was the main driver of growth in the North America segment during the class period, rather than genuine consumer demand, leading to excessive inventory at distributors [2]. Group 2: Investor Information - Investors who suffered losses during the specified period have until December 23, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Law Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
AVANTOR, INC. (NYSE: AVTR) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds Avantor, Inc. Investors of Upcoming Deadline
Globenewswire· 2025-11-03 06:45
Core Viewpoint - A securities fraud class action lawsuit has been filed against Avantor, Inc. for alleged misrepresentations regarding the company's competitive positioning, affecting investors who purchased shares between March 5, 2024, and October 28, 2025 [4]. Group 1 - The lawsuit was initiated in the United States District Court for the Eastern District of Pennsylvania on behalf of investors who acquired Avantor common stock during the specified period [4]. - The allegations include violations of the Securities Exchange Act of 1934 against Avantor and certain senior officers [4]. - Investors are reminded of the deadline to file as lead plaintiff by December 29, 2025, with the option to remain an absent class member if no action is taken [5]. Group 2 - Bernstein Liebhard LLP, the law firm handling the case, has a history of recovering over $3.5 billion for clients and has represented large public and private pension funds [6]. - The firm has been recognized multiple times in legal industry rankings, indicating a strong track record in class action litigation [6].
November 20, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against RICK
Globenewswire· 2025-10-31 20:05
Core Viewpoint - A class action securities lawsuit has been filed against RCI Hospitality Holdings, Inc. alleging securities fraud affecting investors between December 15, 2021, and September 16, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants engaged in tax fraud and bribery to conceal this fraud, leading to an understatement of the legal risks faced by the company [3]. - It is alleged that the defendants' statements regarding the company's business, operations, and prospects were materially false and misleading [3]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until November 20, 2025, to request to be appointed as lead plaintiff, although participation does not require serving in this role [4]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [4]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [5].
Levi & Korsinsky Reminds Fortinet, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 21, 2025 – FTNT
Globenewswire· 2025-10-31 20:03
Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements regarding the refresh cycle of their products, suggesting it would be more profitable than it actually was [2]. - It is alleged that the refresh cycle consisted of old products that represented only a "small percentage" of Fortinet's overall business [2]. - The complaint also states that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and that the refresh momentum was overstated, with only half of the refresh completed by the end of Q2 2025 [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified period have until November 21, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].