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LRN STOCK LOSS: Stride, Inc. Faces Securities Fraud Class Action due to Upgrade Issues – Contact BFA Law if You Suffered Losses
Globenewswire· 2025-11-17 13:08
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]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, under the case caption MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019 [2]. - Investors have until January 12, 2026, to request to be appointed to lead the case [2]. Group 2: Allegations Against Stride - Stride, an education technology company, allegedly inflated enrollment numbers by retaining "ghost students" and ignored compliance requirements, leading to a poor customer experience [3]. - The company claimed to be experiencing growth and strong demand, which is contradicted by the allegations of inflated enrollment and higher withdrawal rates [3]. Group 3: Stock Price Impact - Following the fraud allegations reported on September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share [4]. - On October 28, 2025, Stride admitted to issues resulting in 10,000-15,000 fewer enrollments, causing its stock to plummet by $83.48, or more than 54%, from $153.53 to $70.05 per share [5].
SNPS STOCK LOSS: Synopsys, Inc. Faces Securities Fraud Class Action due to IP Underperformance – Contact BFA Law if You Suffered Losses
Globenewswire· 2025-11-17 13:07
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]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of California, captioned Kim v. Synopsys, Inc., et al., No. 3:25-cv-09410 [3]. - Investors have until December 30, 2025, to request to be appointed to lead the case [3]. Group 2: Company Performance - Synopsys provides design automation software products, with its Design IP segment being the fastest-growing, increasing from 25% of revenue in 2022 to 31% in 2024 [4]. - The company reported Q3 2025 results showing a revenue decline of 7.7% year-over-year in its Design IP segment, totaling $425.9 million, and a net income decline of 43% year-over-year, amounting to $242.5 million [6]. Group 3: Market Reaction - Following the release of disappointing financial results, Synopsys stock fell nearly 36%, from $604.37 per share on September 9, 2025, to $387.78 per share on September 10, 2025 [6].
INVESTOR ALERT: Attorneys File Class Action Lawsuit Against Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (FUN) and Announces Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit
Prnewswire· 2025-11-17 12:55
Core Viewpoint - The class action lawsuit against Six Flags Entertainment Corporation alleges that the company misrepresented its financial health and operational needs during its merger with Cedar Fair, leading to significant stock price declines post-merger [3][4]. Company Overview - Six Flags Entertainment Corporation, previously known as CopperSteel HoldCo, Inc., is an amusement park operator that recently underwent a merger with Cedar Fair, L.P. on July 1, 2024 [2][3]. Legal Allegations - The lawsuit claims that the registration statement for the merger failed to disclose chronic underinvestment in Legacy Six Flags, which required substantial additional capital to maintain operations and competitiveness in the amusement park market [3]. - It is alleged that the company's executives, including CEO Selim Bassoul, misled investors by claiming that transformational investment initiatives were pursued, while in reality, the company was in dire need of undisclosed capital [3]. Financial Impact - Following the merger, Six Flags' stock price dropped from over $55 per share to as low as $20 per share, representing a nearly 64% decline [4].
Alibaba (BABA) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
Businesswire· 2025-11-16 23:10
Core Viewpoint - An investigation has been announced regarding Alibaba Group Holding Ltd. for potential violations of federal securities laws, which may impact investors who have suffered losses [1] Group 1 - The Law Offices of Howard G. Smith is leading the investigation on behalf of Alibaba investors [1] - Investors who experienced losses in Alibaba are encouraged to contact the law firm to discuss potential claims for recovery [1]
LRN INVESTOR ALERT: Stride, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Newsfile· 2025-11-16 21:05
Core Viewpoint - Stride, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims of misleading statements and non-compliance with legal requirements during the class period from October 22, 2024, to October 28, 2025 [1][3]. Allegations - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" and cut staffing costs by overloading teachers beyond statutory limits [3]. - It is alleged that Stride ignored compliance requirements, including background checks and special education services, and suppressed whistleblowers who reported financial directives to delay hiring and deny services [3]. - A complaint from Gallup-McKinley County Schools against Stride included allegations of fraud and deceptive practices, leading to a nearly 12% drop in Stride's stock price [4]. - Following a report of "poor customer experience," Stride estimated a loss of 10,000-15,000 enrollments, resulting in a more than 54% decline in stock price [5]. Legal Process - Investors who purchased Stride securities during the class period can seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [6]. Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [7].
FLY INVESTOR ALERT: Firefly Aerospace Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Newsfile· 2025-11-16 21:00
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][3][4]. Company Overview - Firefly Aerospace operates in the space and defense technology sector, providing mission solutions for national security, government, and commercial customers [2]. 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 [2]. Allegations of Misrepresentation - The lawsuit alleges that Firefly Aerospace overstated demand and growth prospects for its Spacecraft Solutions offerings and the operational readiness of its Alpha rocket program [3]. - It is claimed that these misrepresentations would likely have a material negative impact on the company once revealed [3]. 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 [4]. - 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 [4]. - Revenue from the Spacecraft Solutions segment was particularly concerning, showing a 49% year-over-year decrease to only $9.2 million [4]. Stock Price Impact - Following the earnings report, Firefly Aerospace's stock price fell by more than 15% [4]. - On September 29, 2025, the company disclosed an issue with its Alpha Flight 7 rocket, leading to a further decline in stock price by more than 20% [5].
KMX INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that CarMax, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-11-16 20:40
Core Viewpoint - The CarMax class action lawsuit alleges that the company and its executives misrepresented growth prospects, leading to significant stock price declines following disappointing financial results and executive termination announcements [3][4][5]. Group 1: Class Action Details - The class action lawsuit is titled Cap v. CarMax, Inc., and it involves purchasers of CarMax securities from June 20, 2025, to November 5, 2025 [1]. - Investors have until January 2, 2026, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims that CarMax overstated its growth prospects, attributing earlier growth to temporary factors related to customer behavior influenced by tariff speculation [3]. Group 2: Financial Performance - On September 25, 2025, CarMax reported a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales for the second quarter of fiscal year 2026, with net earnings per diluted share dropping from $0.85 to $0.64 year-over-year [4]. - Following this report, CarMax's stock price fell approximately 20% [4]. - On November 6, 2025, CarMax announced the termination of CEO William D. Nash and projected a significant decline in used car sales for the third quarter, resulting in a further stock price drop of over 24% [5].
FLY INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Firefly Aerospace Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-11-16 17:00
Core Points - A class action lawsuit has been filed against Firefly Aerospace Inc. for alleged violations of federal securities laws related to its IPO and subsequent securities transactions [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Firefly securities during the IPO on August 7, 2025, and within the class period ending September 29, 2025 [2]. - The Complaint alleges that the Offering Documents were negligently prepared, containing untrue statements of material fact and omitting necessary information, thus misleading investors [3]. - Specific allegations include that Firefly overstated demand for its Spacecraft Solutions, the operational readiness of its Alpha rocket program, and that these misrepresentations would likely have a material negative impact on the Company [3]. Group 2: Next Steps for Investors - Investors who suffered losses in Firefly have until January 12, 2026, to request appointment as lead plaintiff in the class action [4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only collect fees if the case is successful [5]. Group 3: Law Firm Background - Bronstein, Gewirtz & Grossman, LLC is a nationally recognized law firm specializing in securities fraud class actions and has recovered hundreds of millions of dollars for investors [6].
Class Action Reminder for JHX Investors: Kessler Topaz Meltzer & Check, LLP Reminds James Hardie Industries plc (JHX) Investors of Securities Fraud Class Action Lawsuit
Globenewswire· 2025-11-16 16:26
Core Viewpoint - A securities class action lawsuit has been filed against James Hardie Industries plc for allegedly misleading investors regarding the company's inventory levels and demand during the Class Period from May 20, 2025, to August 18, 2025 [1][2]. Group 1: Allegations Against James Hardie - The lawsuit claims that James Hardie made false statements about strong demand and normal stock levels while knowing that its North America Fiber Cement distributors were destocking inventory [2]. - The positive statements made by the defendants regarding the company's business and prospects were materially misleading and lacked a reasonable basis [2]. Group 2: Lead Plaintiff Process - Investors in James Hardie have until December 23, 2025, to seek appointment as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel [3]. - The lead plaintiff will act on behalf of all class members and is typically the investor or small group of investors with the largest financial interest [3]. Group 3: Firm Information - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm encourages affected investors to contact them for more information regarding the lawsuit [4].
FLY Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Firefly Aerospace Inc. (FLY) - Contact Kessler Topaz Meltzer & Check, LLP
Prnewswire· 2025-11-16 16:17
Core Viewpoint - A securities class action lawsuit has been filed against Firefly Aerospace Inc. for allegedly making false and misleading statements regarding its business operations and growth prospects during its IPO and subsequent period [1][2]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Firefly's common stock during the IPO on August 7, 2025, and securities acquired between August 7, 2025, and September 29, 2025 [1]. - The lead plaintiff deadline for the lawsuit is set for January 12, 2026 [1][3]. Group 2: Allegations Against Defendants - The complaint alleges that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings [2]. - It is claimed that the Alpha rocket program did not meet its operational readiness and commercial viability as represented [2]. - As a result of these issues, the statements made by the defendants regarding the company's business and prospects were materially false and misleading [2]. Group 3: Lead Plaintiff Process - Investors may seek to be appointed as a lead plaintiff representative of the class by the deadline or may choose to remain absent [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case [3]. Group 4: Law Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [4]. - The firm encourages affected investors to contact them for more information regarding the lawsuit [4].