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James Hardie Industries plc (JHX) Investors are Reminded to Contact BFA Law Before the December 23 Securities Fraud Class Action Deadline
Newsfile· 2025-11-16 12:08
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for securities fraud, following a significant stock drop attributed to potential violations of federal securities laws [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of Illinois, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [4]. - Investors have until December 23, 2025, to request to be appointed to lead the case [4]. Group 2: Company Background - James Hardie is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [5]. Group 3: Allegations and Stock Impact - The company previously claimed strong performance in its North American fiber cement segment, but it is alleged that sales were inflated due to inventory loading by channel partners rather than genuine customer demand [6]. - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, leading to a stock price drop of over 34%, from $28.43 to $18.64 per share [7].
CarMax, Inc. (KMX) Investors are Reminded to Contact BFA Law Before the January 2 Securities Fraud Class Action Deadline
Newsfile· 2025-11-16 12:08
Core Viewpoint - CarMax, Inc. is facing a class action lawsuit for securities fraud following a significant drop in stock price attributed to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - A class action lawsuit has been filed against CarMax and certain senior executives, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - 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 [3]. Group 2: Financial Performance - CarMax reported disappointing financial results for Q2 of fiscal year 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 [6]. - The net income for the second quarter was approximately $95.4 million, down from $132.8 million in the previous year [6]. Group 3: Stock Price Impact - Following the announcement of disappointing financial results on September 25, 2025, CarMax's stock price dropped by $11.45 per share, or roughly 20%, from $57.05 to $45.60 [7]. - The unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 2025 outlook, led to an additional stock price drop of over 24% [7]. Group 4: Market Context - CarMax had previously promoted strong demand for its vehicles, which was allegedly boosted by customers purchasing cars ahead of U.S. tariffs [4]. - The lawsuit suggests that the company may not have accurately assessed or reserved for its portfolio of car loans, raising further concerns about its financial practices [5].
Synopsys, Inc. (SNPS) Investors are Reminded to Contact BFA Law before the December 30 Securities Fraud Class Action Deadline
Newsfile· 2025-11-16 12:08
Core Viewpoint - A class action lawsuit has been filed against Synopsys, Inc. for securities fraud following a significant stock drop due to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - Investors have until December 30, 2025, to request to lead the case in the U.S. District Court for the Northern District of California [3]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of Synopsys investors [3]. Group 2: Company Performance - Synopsys provides design automation software and has seen its Design IP segment grow from 25% of revenue in 2022 to 31% in 2024 [4]. - The company reported a revenue of $425.9 million for its Design IP segment in Q3 2025, reflecting a 7.7% year-over-year decline, and a net income of $242.5 million, down 43% year-over-year [6]. Group 3: Market Reaction - Following the release of disappointing Q3 2025 results, Synopsys stock fell nearly 36%, from $604.37 per share to $387.78 per share [6]. - The decline was attributed to customers requiring more customization for IP components, which negatively impacted the business model [5][6].
Stride, Inc. (LRN) Investors are Reminded to Contact BFA Law Before the January 12 Securities Fraud Class Action Deadline
Newsfile· 2025-11-16 12:08
Core Viewpoint - Stride, Inc. is facing a class action lawsuit for securities fraud due to significant stock drops linked to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - A class action lawsuit has been filed against Stride, Inc. and certain senior executives, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case, which is pending in the U.S. District Court for the Eastern District of Virginia [3]. Group 2: Allegations Against Stride - Stride is accused of inflating enrollment numbers by retaining "ghost students," neglecting compliance requirements, and providing a poor customer experience, leading to higher withdrawal rates and lower conversion rates [4]. - The company claimed to be experiencing growth and strong demand, which is now alleged to be misleading [4]. 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 [5]. - On October 28, 2025, Stride acknowledged that poor customer experience led to an estimated 10,000-15,000 fewer enrollments, causing the stock to plummet by $83.48, or more than 54%, from $153.53 to $70.05 per share [6].
MoonLake Immunotherapeutics (MLTX) Investors are Reminded to Contact BFA Law Before the December 15 Securities Fraud Class Action Deadline
Newsfile· 2025-11-16 12:08
Core Viewpoint - MoonLake Immunotherapeutics is facing a securities fraud class action lawsuit due to alleged misrepresentations regarding its clinical data and the efficacy of its investigational drug sonelokimab [1][3][4]. Group 1: Lawsuit Details - A lawsuit has been filed against MoonLake and certain senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][3]. - Investors have until December 15, 2025, to request to be appointed to lead the case, which is pending in the U.S. District Court for the Southern District of New York [3]. Group 2: Company Background - MoonLake is a clinical-stage biotechnology company focused on developing therapies for inflammatory diseases, particularly through its investigational drug sonelokimab [4]. - The company claimed that its "strong clinical data" from the Phase 2 MIRA trial indicated a higher clinical response for patients, suggesting a competitive advantage over traditional monoclonal antibody treatments [5]. Group 3: Allegations and Impact - The lawsuit alleges that the clinical data and the Nanobody structure of sonelokimab did not provide a superior clinical benefit compared to competitors, raising doubts about the drug's regulatory approval and commercial viability [6]. - Following the announcement of disappointing results from the Phase 3 VELA trials, MoonLake's stock price plummeted nearly 90%, from $61.99 per share to $6.24 per share within a few days [7].
Beyond Meat, Inc. (BYND) Investors are Reminded to Contact BFA Law about its Ongoing Securities Fraud Class Action Investigation
Newsfile· 2025-11-16 12:08
Core Viewpoint - Beyond Meat, Inc. is under investigation for potential securities fraud related to the inflation of long-lived asset values, following a significant stock price drop after announcing a non-cash impairment charge [3][4][5]. Group 1: Company Overview - Beyond Meat specializes in plant-based meat alternatives and has recently undergone a global operations review [3]. - The company reported that certain long-lived assets were recorded at the lower of their carrying value or fair value less costs to sell, claiming no impairments [3]. Group 2: Stock Performance - On October 24, 2025, Beyond Meat announced an expected material non-cash impairment charge for the three months ended September 27, 2025, leading to a stock price decline of approximately 23%, from $2.84 to $2.185 per share [5]. - Following the delay of its 3Q 2025 earnings announcement on November 3, 2025, the stock experienced further significant declines during trading [6]. Group 3: Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether Beyond Meat inflated the value of certain long-lived assets, which may constitute a violation of federal securities laws [4][10]. - Investors are encouraged to seek additional information regarding their legal options related to the ongoing investigation [2][7].
STOCK ALERT: CarMax, Inc. (KMX) Investors may be Eligible for Compensation in Securities Class Action – Contact BFA Law by January 2 Deadline
Globenewswire· 2025-11-15 11:36
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 CEO departure on November 6, 2025, and a weak preliminary Q3 outlook led to an additional stock drop of over 24% [6]. Group 3: Investigations and Concerns - The law firm Bleichmar Fonti & Auld LLP is investigating the unexpected departure of CEO Bill Nash and whether CarMax adequately assessed its portfolio of car loans [4].
STOCK ALERT: Stride, Inc. (LRN) Investors may be Eligible for Compensation in Securities Class Action – Contact BFA Law by January 12 Deadline
Globenewswire· 2025-11-15 11:36
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 provided a poor customer experience leading to higher withdrawal rates and lower conversion rates [3][4]. Stock Performance - On September 14, 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 28, 2025, Stride admitted to issues with customer experience, resulting in an estimated 10,000-15,000 fewer enrollments, causing the stock to plummet 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]. - The lawsuit is filed under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2].
STOCK ALERT: Inspire Medical Systems, Inc. (INSP) Investors may be Eligible for Compensation in Securities Class Action – Contact BFA Law by January 5 Deadline
Globenewswire· 2025-11-15 11:36
Core Viewpoint - A class action lawsuit has been filed against Inspire Medical Systems, Inc. and its senior executives for securities fraud following a significant stock drop due to alleged violations of federal securities laws [1][3]. Company Overview - Inspire Medical Systems develops and manufactures an implantable medical device for the treatment of sleep apnea, with its latest product being the Inspire V, which received FDA approval on August 2, 2024 [4]. Allegations and Issues - The lawsuit claims that Inspire misled investors by assuring them that all necessary steps were taken for the launch of Inspire V, while in reality, the company failed to prepare clinicians and payors adequately, leading to delays in adoption and weak demand [5][6]. - The company disclosed on August 4, 2025, that the launch of Inspire V would take longer than expected, resulting in a reduction of its 2025 earnings per share guidance by over 80% [7]. Stock Performance - Following the announcement of the delayed launch, Inspire's stock price fell by $42.04 per share, a decline of more than 32%, from $129.95 on August 4, 2025, to $87.91 on August 5, 2025 [8].
Investor Files Class Action Lawsuit Against Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. and Attorneys Announce Opportunity for Investors with Substantial Losses to Lead Securities Class Action Lawsuit - FUN
Newsfile· 2025-11-15 03:00
Core Viewpoint - A class action lawsuit has been filed against Six Flags Entertainment Corporation, alleging that the company and its executives misled investors regarding the financial health and operational needs of the company prior to its merger with Cedar Fair, L.P. [1][3] Summary by Sections Lawsuit Details - The lawsuit is titled "City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation" and was filed in the Northern District of Ohio [1]. - Investors who purchased Six Flags stock in connection with the merger have until January 5, 2026, to seek lead plaintiff status [1]. Allegations Against Six Flags - The registration statement for the merger allegedly failed to disclose that Legacy Six Flags had chronic underinvestment and required significant additional capital to maintain its competitive position in the amusement park market [3]. - After becoming CEO in November 2021, Selim Bassoul reduced the employee headcount to cut costs, which negatively impacted operational competence and guest experience [3]. Stock Performance - On the merger closing date, July 1, 2024, Six Flags stock was trading above $55 per share, but it subsequently fell to as low as $20 per share, representing a decline of nearly 64% [4].