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Shareholder Alert: The Ademi Firm investigates whether Core Scientific, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-07-07 17:25
Core Transaction Overview - Core Scientific is involved in a transaction with CoreWeave, where shareholders will receive 0.1235 newly issued shares of CoreWeave Class A common stock for each share of Core Scientific, valuing the deal at approximately $9.0 billion [2]. Investigation Details - The Ademi Firm is investigating Core Scientific for potential breaches of fiduciary duty and other legal violations related to the transaction with CoreWeave [1]. - The investigation focuses on whether the Core Scientific board of directors is fulfilling their fiduciary duties to all shareholders, particularly in light of the transaction's terms [3]. Transaction Restrictions - The transaction agreement imposes significant penalties on Core Scientific if it accepts competing bids, which may unreasonably limit other potential transactions [3].
Kuehn Law Encourages Investors of NET Power Inc. to Contact Law Firm
GlobeNewswire News Room· 2025-07-02 14:22
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of NET Power Inc. related to misleading statements about Project Permian [1][2] Group 1: Allegations of Misrepresentation - Insiders at NET Power allegedly caused the company to misrepresent the likelihood of completing Project Permian on schedule, indicating it would be significantly more expensive due to supply chain issues and site-specific challenges [2] - Projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, suggesting a significant negative impact on the company's business and financial results [2] - Public statements made by NET Power were materially false and misleading at all relevant times, according to the federal securities lawsuit [2] Group 2: Shareholder Actions - Shareholders who purchased NPWR shares prior to June 9, 2023, 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 participation in maintaining market integrity [4]
SRPT INVESTOR NOTICE: Sarepta Therapeutics, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-07-01 20:21
Core Viewpoint - The article discusses a class action lawsuit against Sarepta Therapeutics, alleging violations of the Securities Exchange Act of 1934 due to misleading statements regarding the safety and efficacy of its gene therapy product, ELEVIDYS, during a specified class period [1][3]. Company Overview - Sarepta Therapeutics is a commercial-stage biopharmaceutical company focused on developing therapies for Duchenne muscular dystrophy, including its gene therapy product, ELEVIDYS [2]. Allegations of the Lawsuit - The lawsuit claims that Sarepta and its executives made false or misleading statements about ELEVIDYS, including significant safety risks, inadequate trial protocols to detect severe side effects, and the potential for halting recruitment and dosing due to adverse events [3]. - Specific incidents cited include: - On March 18, 2025, a patient treated with ELEVIDYS suffered acute liver failure leading to death, causing Sarepta's stock to drop over 27% [4]. - On April 4, 2025, Sarepta disclosed that EU authorities requested a review of the death, leading to a further stock decline of over 7% [5]. - On June 15, 2025, a second patient died from acute liver failure, prompting Sarepta to suspend shipments and pause dosing, resulting in a stock price drop of over 42% [6]. - On June 24, 2025, the FDA announced an investigation into the deaths related to ELEVIDYS, causing an additional stock decline of over 8% [7]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Sarepta securities during the class period to seek appointment as lead plaintiff, representing the interests of the class [8].
Shareholder Alert: The Ademi Firm investigates whether GMS Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-06-30 17:15
Core Viewpoint - The Ademi Firm is investigating GMS for potential breaches of fiduciary duty and other legal violations related to its transaction with Home Depot [1][3]. Group 1: Transaction Details - In the tender offer transaction, GMS shareholders will receive $110 per share, leading to a total equity value of approximately $4.3 billion and an implied total enterprise value of around $5.5 billion [2]. - GMS insiders are set to receive significant benefits as part of the change of control arrangements [2]. Group 2: Board Conduct and Shareholder Rights - The transaction agreement imposes significant penalties on GMS for accepting competing bids, which may limit the company's ability to explore better offers [3]. - The investigation focuses on whether the GMS board of directors is fulfilling their fiduciary duties to all shareholders amidst these limitations [3].
Shareholder Alert: The Ademi Firm investigates whether Big 5 Sporting Goods Corporation is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-06-30 17:00
Core Viewpoint - The Ademi Firm is investigating Big 5 for potential breaches of fiduciary duty and other legal violations related to its transaction with Worldwide Golf and Capitol Hill Group [1][2]. Group 1: Transaction Details - Shareholders of Big 5 will receive $1.45 per share, resulting in a total enterprise value of approximately $112.7 million [2]. - The transaction agreement imposes significant penalties on Big 5 for accepting competing bids, which may limit shareholder options [2]. Group 2: Board Conduct - The investigation focuses on the conduct of Big 5's board of directors to determine if they are fulfilling their fiduciary duties to all shareholders [2].
Shareholder Alert: The Ademi Firm investigates whether Guaranty Bancshares, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-06-25 03:28
Core Insights - The Ademi Firm is investigating Guaranty (NYSE: GNTY) for potential breaches of fiduciary duty and legal violations related to its transaction with Glacier Bancorp [1] - In the tender offer, Guaranty shareholders will receive 1.0000 share of Glacier stock for each Guaranty share, valuing the transaction at approximately $476.2 million based on Glacier's closing price of $41.58 on June 23, 2025 [2] - The transaction agreement restricts competing offers for Guaranty by imposing significant penalties for accepting alternative bids, raising concerns about the Guaranty board's adherence to fiduciary duties [3]
OGN INVESTOR ALERT: Organon & Co. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Prnewswire· 2025-06-16 12:15
Core Viewpoint - The Organon class action lawsuit alleges that the company and its executives made misleading statements regarding capital allocation and dividend payouts, leading to significant financial losses for investors [1][4][5]. Group 1: Lawsuit Details - The lawsuit, titled Hauser v. Organon & Co., seeks to represent purchasers of Organon securities and claims violations of the Securities Exchange Act of 1934 [1]. - Allegations include the concealment of material information about Organon's capital allocation priorities and a drastic reduction of over 70% in the quarterly dividend payout [4]. - Following the announcement of a dividend reset from $0.28 to $0.02 on May 1, 2025, Organon's stock price fell by more than 27% [5]. Group 2: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Organon securities during the class period to seek appointment as lead plaintiff [6]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [6]. Group 3: Company Background - Organon develops health solutions through prescription therapies and medical devices [3]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized for securing substantial monetary relief for investors in securities fraud cases [7].
INVESTOR DEADLINE: Organon & Co. (OGN) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit – Robbins Geller
GlobeNewswire News Room· 2025-06-12 14:12
Core Viewpoint - The Organon class action lawsuit alleges that the company and its executives made misleading statements regarding capital allocation and dividend payouts, leading to significant financial losses for investors [1][4]. Group 1: Lawsuit Details - The lawsuit, titled Hauser v. Organon & Co., seeks to represent purchasers of Organon securities and claims violations of the Securities Exchange Act of 1934 [1]. - Allegations include the concealment of material information about Organon's capital allocation priorities and a drastic reduction of the quarterly dividend payout by over 70% [4]. - On May 1, 2025, Organon announced a reduction in its dividend payout from $0.28 to $0.02, resulting in a stock price drop of more than 27% [5]. Group 2: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Organon securities during the class period to seek appointment as lead plaintiff [6]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [6]. Group 3: Company Background - Organon develops health solutions through prescription therapies and medical devices [3]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized for securing substantial monetary relief for investors in securities fraud cases [7].
INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that DoubleVerify Holdings, Inc. (DV) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
GlobeNewswire News Room· 2025-06-09 13:30
Core Viewpoint - The article discusses a class action lawsuit against DoubleVerify Holdings, Inc. for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and failure to disclose critical business challenges during the class period from November 10, 2023, to February 27, 2025 [1][3]. Company Allegations - The lawsuit alleges that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where DoubleVerify's capabilities were limited, impacting its competitive position [3]. - It is claimed that the development of technology for closed platforms was more expensive and time-consuming than disclosed, limiting DoubleVerify's ability to monetize its Activation Services [3]. - Competitors were reportedly better positioned to incorporate AI into their offerings, adversely affecting DoubleVerify's profits [3]. - The company allegedly overbilled customers for ad impressions served to declared bots, and its risk disclosures were misleading [3]. Financial Impact - On February 28, 2024, DoubleVerify issued lower revenue growth expectations for Q1 2024, leading to a stock price drop of over 21% [4]. - On May 7, 2024, the company cut its full-year 2024 revenue outlook due to reduced ad spending, resulting in a nearly 39% decline in stock price [5]. - On February 27, 2025, DoubleVerify reported lower-than-expected Q4 2024 sales and earnings, with a stock price drop of more than 36% following the announcement [6]. Legal Process - Investors who purchased DoubleVerify common stock during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [7]. - The lead plaintiff can select a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [7]. About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8]. - The firm has a strong track record, being ranked 1 in securing monetary relief for investors in securities class action cases [8].
OGN INVESTOR NOTICE: Organon & Co. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-06-07 02:45
Core Viewpoint - The Organon class action lawsuit alleges that the company and its executives made misleading statements regarding capital allocation and dividend payouts, leading to significant financial losses for investors [1][4][5]. Group 1: Lawsuit Details - The lawsuit, titled Hauser v. Organon & Co., seeks to represent purchasers of Organon securities and claims violations of the Securities Exchange Act of 1934 [1]. - Allegations include the concealment of material information about Organon's capital allocation priorities and a drastic reduction of the quarterly dividend payout by over 70% [4]. - On May 1, 2025, Organon announced a reduction in its dividend payout from $0.28 to $0.02, resulting in a stock price drop of more than 27% [5]. Group 2: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Organon securities during the class period to seek appointment as lead plaintiff [6]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [6]. Group 3: Company Background - Organon develops health solutions through prescription therapies and medical devices [3]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized for its success in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 [7].