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SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Avantor
Prnewswire· 2025-11-01 13:02
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Avantor, Inc. due to allegations of misleading statements regarding the company's competitive positioning and financial performance, which have led to significant investor losses [2][3]. Group 1: Allegations and Misleading Statements - The complaint alleges that Avantor and its executives violated federal securities laws by making false and misleading statements about the company's competitive positioning and failing to disclose the negative impacts of increased competition [3]. - During an earnings call on July 26, 2024, the then-CEO Michael Stubblefield assured investors of Avantor's strong competitive position, despite evidence to the contrary [4]. Group 2: Financial Performance and Stock Price Impact - On April 25, 2025, Avantor reported disappointing Q1 2025 results, cutting its guidance and announcing the CEO's resignation, which led to a stock price decline of over 16.5% [5]. - The company continued to report weak financial results, including a net loss of $712 million in Q3 2025, attributed to competitive pressures, resulting in a further stock price drop of over 23% [7][8].
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Quanex Building Products
Globenewswire· 2025-10-30 15:39
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Quanex Building Products Corporation due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by November 18, 2025 [4][10]. Group 1: Allegations Against Quanex - The complaint alleges that Quanex and its executives made false or misleading statements and failed to disclose significant underinvestment in tooling and equipment maintenance at its Tyman Mexico facility [6]. - It is claimed that the conditions of tooling and equipment had degraded to near catastrophic levels, leading to significant costs and delays in expected benefits from the Tyman integration [6]. - The complaint also states that Quanex had previously identified these issues, which rendered the company's positive statements about its business and operations materially misleading [6]. Group 2: Financial Impact - On September 4, 2025, Quanex reported a diluted EPS of ($6.04), a significant decline from $0.77 in the same period the previous year, and an adjusted EBITDA of $70.30 [7]. - The company disclosed ongoing operational issues related to the Tyman business that impacted results more than expected during the third quarter of 2025 [7]. - During an earnings call on September 5, 2025, CEO George Wilson noted that operational challenges negatively impacted EBITDA in the Hardware Solutions segment by almost $5 million in the third quarter alone [8]. Group 3: Stock Price Reaction - Following the announcement of poor financial results, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025, with unusually heavy trading volume [8]. - The stock continued to decline, dropping an additional $1.98, or 10.9%, to close at $16.20 per share on September 8, 2025, also on unusually heavy trading volume [9].
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Molina Healthcare
Globenewswire· 2025-10-30 15:36
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Molina Healthcare, Inc. due to allegations of violations of federal securities laws related to misleading statements and undisclosed adverse facts affecting the company's financial performance [4][6]. Summary by Sections Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in Molina to contact them regarding their legal options, particularly for those who purchased securities between February 5, 2025, and July 23, 2025 [1][4]. Allegations Against Molina - The complaint alleges that Molina and its executives made false or misleading statements and failed to disclose critical information, including: - Material adverse facts regarding the company's medical cost trend assumptions [6]. - A dislocation between premium rates and medical costs [6]. - Dependency on low utilization of various health services for near-term growth [6]. - Likelihood of a significant cut in financial guidance for fiscal year 2025 [6]. - Misleading positive statements about the company's business and prospects [6]. Financial Performance and Stock Impact - On July 7, 2025, Molina announced second-quarter financial results, revealing adjusted earnings of approximately $5.50 per share, which was below prior expectations, leading to a 10.2% cut in full-year earnings guidance from at least $24.50 to a range of $21.50 to $22.50 per share [7]. - Following this announcement, Molina's stock price fell by $6.97, or 2.9%, closing at $232.61 per share on July 7, 2025 [7]. - On July 23, 2025, Molina further reduced its full-year earnings guidance, reporting GAAP net income of $4.75 per diluted share for the second quarter, an 8% decrease year-over-year, and cutting its full-year adjusted earnings expectation to no less than $19.00 per diluted share, representing a 13.6% reduction [8][9]. - This led to a significant drop in Molina's stock price by $32.03, or 16.84%, closing at $158.22 per share on July 24, 2025 [9].
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of V.F. Corporation
Globenewswire· 2025-10-30 15:35
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against V.F. Corporation (VFC) due to allegations of misleading statements regarding the company's turnaround plans and the performance of its Vans brand, which has seen a significant decline in revenue growth [3][5][6]. Group 1: Legal Investigation - The law firm is reminding investors of the November 12, 2025 deadline to seek the role of lead plaintiff in a federal securities class action against VFC [3]. - The firm encourages investors who suffered losses in VFC to contact them directly to discuss their legal options [1][8]. Group 2: Allegations Against VFC - The complaint alleges that VFC and its executives violated federal securities laws by making false or misleading statements about the company's turnaround plans and the necessary actions to return the Vans brand to growth [5]. - The decline in Vans' growth trajectory was highlighted in VFC's fiscal 2025 results, showing a drop from an 8% loss to a 20% loss in the fourth quarter, with expectations of continued decline [6]. Group 3: Market Reaction - Following the revelation of the poor performance and guidance, VFC's stock price fell from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025, marking a decline of approximately 15.8% in one day [6].
aTyr Pharma, Inc. (ATYR) Securities Class Action Filed; Class Period Significantly Enlarged -- Hagens Berman
Globenewswire· 2025-10-29 16:44
Core Viewpoint - A new class action lawsuit has been filed against aTyr Pharma, Inc. and its executives, expanding the alleged class period for investors who suffered losses from November 7, 2024, to September 12, 2025, due to misleading statements about the drug Efzofitimod [1][2][5]. Group 1: Class Action Details - The lawsuit, King v. aTyr Pharma Inc., seeks to represent all individuals and entities that acquired aTyr Pharma securities during the expanded class period [2]. - The previous class period began in January 2025, making this expansion significant for investors who purchased shares in late 2024 [2]. - The lead plaintiff deadline for the lawsuit is set for December 8, 2025 [5]. Group 2: Allegations Against aTyr Pharma - The allegations center around aTyr's Phase 3 study, EFZO-FIT, which evaluated the drug Efzofitimod for patients with pulmonary sarcoidosis [6]. - Executives allegedly made overly positive statements about the study's design and the drug's efficacy, particularly regarding its ability to reduce steroid dependency [7]. - The lawsuit claims that aTyr concealed material adverse facts about the drug's effectiveness, leading to securities law violations [8]. Group 3: Market Reaction and Investigation - The truth about the drug's efficacy was revealed on September 15, 2025, when aTyr announced that the EFZO-FIT study did not meet its primary endpoint, resulting in a significant stock price drop from $6.03 to $1.02, an 83.2% decline [9][10]. - Hagens Berman is investigating whether aTyr misled investors regarding the drug's data and trial design while promoting its multi-billion-dollar market potential [11].
JSPR INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In JSPR To Contact Him Directly To Discuss Their Options
Prnewswire· 2025-10-29 14:48
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Jasper Therapeutics, Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements and lack of proper manufacturing controls [2][4]. Group 1: Legal Investigation - The firm is encouraging investors who suffered losses exceeding $75,000 in Jasper between November 30, 2023, and July 3, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Jasper, with a deadline of November 18, 2025, for investors to seek the role of lead plaintiff [2][6]. Group 2: Allegations Against Jasper - The complaint alleges that Jasper lacked necessary controls to ensure third-party manufacturers complied with current Good Manufacturing Practices (cGMP), which could confound study results and negatively impact product prospects [4]. - Specific issues were highlighted regarding the BEACON Study, where results were confounded by a problematic drug product lot, leading to a halt in development for certain studies and a need for cost-cutting measures [5]. Group 3: Financial Impact - Following the announcement of these issues, Jasper's stock price fell by $3.73 per share, or 55.1%, closing at $3.04 per share on July 7, 2025 [5].
NX INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In NX To Contact Him Directly To Discuss Their Options
Prnewswire· 2025-10-29 14:27
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Quanex Building Products Corporation due to allegations of misleading statements and operational issues that have negatively impacted the company's financial performance [2][4]. Financial Performance - Quanex reported a diluted EPS of ($6.04) for Q3 2025, a significant decline from $0.77 in the same period the previous year [5]. - The company disclosed operational issues related to the Tyman business in Mexico, which impacted results more than expected during Q3 2025 [5]. - Adjusted EBITDA for the company was reported at $70.30 million [5]. Operational Issues - The complaint alleges that Quanex's tooling and equipment maintenance procedures in its Tyman Mexico facility were significantly underinvested, leading to degraded conditions [4]. - CEO George Wilson indicated that operational challenges in the Tyman facility negatively impacted EBITDA in the Hardware Solutions segment by almost $5 million in Q3 2025 [6]. - The issues were identified midyear, and the systems for anticipating and planning tooling repairs were described as significantly deficient [6]. Stock Market Reaction - Following the announcement of the financial results, Quanex's stock price fell by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025 [6]. - The stock continued to decline, falling by $1.98, or 10.9%, to close at $16.20 per share on September 8, 2025 [6]. Legal Proceedings - Investors who suffered losses exceeding $75,000 in Quanex between December 12, 2024, and September 5, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1][2]. - The deadline to seek the role of lead plaintiff in the federal securities class action against Quanex is November 18, 2025 [2].
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Baxter International
Prnewswire· 2025-10-28 13:38
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Baxter International Inc. due to allegations of false and misleading statements regarding the safety and efficacy of its Novum LVP product, which has led to significant investor losses [1][3]. Summary by Relevant Sections Legal Investigation - Faruqi & Faruqi, LLP is encouraging investors who suffered losses in Baxter between February 23, 2022, and July 30, 2025, to discuss their legal rights [1]. - The firm has set a deadline of December 15, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Baxter [1]. Allegations Against Baxter - The complaint alleges that Baxter and its executives violated federal securities laws by failing to disclose systemic defects in the Novum LVP, which caused malfunctions and posed risks to patients [3]. - Specific issues included underinfusion, overinfusion, and complete non-delivery of fluids, which led to serious injuries and deaths [3]. - Baxter's attempts to address these defects were deemed inadequate, and the company faced a heightened risk of halting sales of the Novum LVP [3]. Impact on Stock Performance - The extent of the alleged fraud was revealed on July 31, 2025, when Baxter announced a voluntary pause in shipments and installations of the Novum LVP, resulting in a 22.4% drop in stock price, closing at $21.76 [4]. Class Action Participation - The lead plaintiff in a class action is defined as the investor with the largest financial interest who directs the litigation on behalf of the class [5]. - Members of the putative class can choose to serve as lead plaintiff or remain absent, with their ability to recover not affected by this decision [5]. Additional Information - Faruqi & Faruqi encourages anyone with information regarding Baxter's conduct, including whistleblowers and former employees, to contact the firm [5].
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of James Hardie
Globenewswire· 2025-10-27 19:07
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against James Hardie Industries plc for allegedly misleading investors regarding the performance of its North America Fiber Cement segment, with a class action lawsuit already filed [3][5]. Group 1: Legal Investigation and Class Action - The law firm is encouraging investors who suffered losses in James Hardie between May 20, 2025, and August 18, 2025, to discuss their legal options [1][3]. - A federal securities class action has been filed against James Hardie, with a deadline of December 23, 2025, for investors to seek the role of lead plaintiff [3][5]. - The complaint alleges that James Hardie and its executives violated federal securities laws by making false statements and failing to disclose the true state of demand in their key segment [5]. Group 2: Financial Impact and Stock Performance - On August 19, 2025, James Hardie reported a 29% decline in first-quarter profit and projected lower-than-expected earnings for fiscal 2026 due to high borrowing costs [5]. - Following the announcement of disappointing financial results, the price of James Hardie's American Depositary Receipt (ADR) fell by $9.79, or 34.44%, closing at $18.64 on August 20, 2025 [6]. Group 3: Company Background and Contact Information - Faruqi & Faruqi, LLP is a national securities law firm with a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [4]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding James Hardie's conduct [8].
CYTK INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Cytokinetics
Prnewswire· 2025-10-23 17:37
Core Points - Faruqi & Faruqi, LLP is investigating potential claims against Cytokinetics, Incorporated, with a deadline for investors to seek lead plaintiff status in a federal securities class action by November 17, 2025 [1][3][6] - The complaint alleges that Cytokinetics made materially false and misleading statements regarding the New Drug Application (NDA) submission and approval process for aficamten, specifically about the expected FDA approval timeline [3][4] - The company failed to disclose significant risks related to the omission of a Risk Evaluation and Mitigation Strategy (REMS) from its NDA submission, which could delay the regulatory process [3][4] - Following the revelation of these issues during an earnings call on May 6, 2025, investors suffered significant losses as the stock price was artificially inflated prior to the disclosure [4][5] Company Information - Cytokinetics, Incorporated is facing legal scrutiny due to allegations of misleading investors regarding its drug approval process [1][3] - The firm Faruqi & Faruqi has a history of recovering hundreds of millions of dollars for investors since its establishment in 1995 [2] Legal Proceedings - The lead plaintiff in the class action will be the investor with the largest financial interest who is also typical of the class members [6] - Any member of the putative class can move to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [6]