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KMX INVESTOR ALERT: CarMax, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Newsfile· 2025-11-15 02:00
Core Points - The CarMax class action lawsuit has been initiated against CarMax, Inc. and certain executives for alleged violations of the Securities Exchange Act of 1934 during the class period from June 20, 2025, to November 5, 2025 [1][3] - Investors who suffered losses during this period can seek to be appointed as lead plaintiff by January 2, 2026 [1][6] Allegations - The lawsuit claims that CarMax recklessly overstated its growth prospects, attributing earlier growth in fiscal year 2026 to temporary factors related to customer behavior influenced by tariff speculation [3] - On September 25, 2025, CarMax reported a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales, with net earnings per diluted share dropping to $0.64 from $0.85 year-over-year, leading to a 20% drop in share price [4] - Following the termination of CEO William D. Nash on November 4, 2025, and the expectation of weak third-quarter sales, CarMax shares fell over 24% [5] Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased CarMax securities during the class period to seek lead plaintiff status, which involves directing the lawsuit on behalf of all class members [6] 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 [7]
PRMB Investors Have Opportunity to Lead Primo Brands Corporation Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-11-15 01:46
Core Viewpoint - The Schall Law Firm is reminding investors of a class action lawsuit against Primo Brands Corporation for alleged securities fraud, specifically violations of the Securities Exchange Act of 1934 [1][4]. Group 1: Lawsuit Details - The lawsuit targets investors who purchased securities of Primo Water Corporation between June 17, 2024, and November 8, 2024, and/or common stock of Primo Brands Corporation between November 11, 2024, and November 6, 2025 [2]. - The complaint alleges that Primo Brands made false and misleading statements regarding its merger with BlueTriton Brands, claiming the merger was proceeding "flawlessly" while failing to disclose material facts about the integration process [4]. Group 2: Investor Participation - Investors who suffered losses are encouraged to contact the Schall Law Firm to discuss their rights and potentially participate in the lawsuit before January 12, 2026 [2][3]. - The class action has not yet been certified, meaning that until certification occurs, investors are not represented by an attorney [3].
FCX Investors Have Opportunity to Lead Freeport-McMoRan Inc. Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-11-15 01:32
Core Viewpoint - Freeport-McMoRan Inc. is facing a class action lawsuit for securities fraud due to alleged false and misleading statements regarding safety practices at its Grasberg Block Cave mine in Indonesia, which heightened risks for mine workers [5]. Summary by Sections Class Action Lawsuit - The Schall Law Firm is reminding investors of a class action lawsuit against Freeport-McMoRan Inc. for violations of the Securities Exchange Act of 1934 [1]. - Investors who purchased securities between February 15, 2022, and September 24, 2025, are encouraged to contact the firm before January 12, 2026 [2]. Allegations - The complaint alleges that Freeport made false and misleading statements, failing to ensure appropriate safety practices at its Grasberg mine, which created risks for workers [5]. - The company's public statements were deemed false and materially misleading throughout the class period, leading to investor damages when the truth was revealed [5].
FCX INVESTOR ALERT: Freeport-McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead the Freeport-McMoRan Class Action Lawsuit
Prnewswire· 2025-11-14 23:09
Core Viewpoint - The Freeport-McMoRan Inc. class action lawsuit alleges violations of the Securities Exchange Act of 1934 by the company and its executives, focusing on safety issues at the Grasberg mine and the subsequent impact on stock prices [1][4][5]. Group 1: Class Action Details - Purchasers of Freeport-McMoRan securities between February 15, 2022, and September 24, 2025, can seek lead plaintiff status by January 12, 2026 [1]. - The lawsuit is titled Reed v. Freeport-McMoRan Inc., No. 25-cv-04243 (D. Ariz.) [1]. - The allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to increased risks for workers [4]. Group 2: Incident and Stock Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, resulting in a nearly 6% drop in stock price [5]. - Following the incident, on September 24, 2025, it was revealed that two team members were fatally injured, and production estimates for 2026 could be approximately 35% lower than previously expected, causing a nearly 17% decline in stock price [6]. - An article published on September 25, 2025, indicated that the halt in production could strain relations with the Indonesian government, leading to an additional stock price drop of over 6% [7]. Group 3: Company Operations - Freeport-McMoRan is involved in mining operations across North America, South America, and Indonesia, with the Grasberg mine being a significant asset [3].
LRN LAWSUIT ALERT: Levi & Korsinsky Notifies Stride, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Globenewswire· 2025-11-14 23:02
Core Viewpoint - A class action securities lawsuit has been filed against Stride, Inc. for alleged securities fraud affecting investors between October 22, 2024, and October 28, 2025 [1][2] Summary by Sections Class Definition - The lawsuit aims to recover losses for investors adversely affected by alleged fraudulent activities during the specified period [1] Case Details - Allegations against Stride include: - Inflating enrollment numbers by retaining "ghost students" [2] - Cutting staffing costs by assigning teachers excessive caseloads beyond statutory limits [2] - Ignoring compliance requirements, including background checks and licensure laws for employees [2] - Suppressing whistleblowers who documented directives to delay hiring and deny services to maintain profit margins [2] - Losing existing and potential enrollments [2] Next Steps - Investors who suffered losses during the relevant timeframe have until January 12, 2026, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff and incurs no out-of-pocket costs for class members [3] Why Levi & Korsinsky - The firm has a history of securing hundreds of millions for shareholders and is recognized as one of the top securities litigation firms in the U.S. [4]
PRMB, PRMW Investors Have Opportunity to Lead Primo Brands Corporation Securities Fraud Lawsuit
Prnewswire· 2025-11-14 21:44
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of common stock of Primo Water Corporation and Primo Brands Corporation, alleging misrepresentation and failure to disclose key facts regarding the merger between the two companies [1][5]. Group 1: Class Action Details - The class action lawsuit covers purchasers of Primo Water common stock from June 17, 2024, to November 8, 2024, and purchasers of Primo Brands common stock from November 11, 2024, to November 6, 2025 [1]. - Investors who purchased securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by January 12, 2026, to represent other class members in directing the litigation [3]. Group 2: Allegations Against Defendants - The lawsuit claims that defendants misrepresented the merger's progress and failed to disclose critical facts, leading investors to believe the merger would enhance growth and operational efficiencies [5]. - It is alleged that the defendants issued materially false and misleading statements about the merger integration, which was claimed to be proceeding "flawlessly" [5]. - When the true details of the merger were revealed, investors reportedly suffered damages [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [4].
Enrollment Drop, Compliance Allegations Fuel Stride (LRN) Shareholder Lawsuit-- Hagens Berman
Prnewswire· 2025-11-14 21:11
Core Viewpoint - Stride Inc. is facing a securities class action lawsuit from shareholders due to allegations of misleading investors with inflated metrics and operational flaws, resulting in a significant decline in stock price [1][4]. Company Overview - Stride Inc. is one of the largest providers of online educational services in the United States [1]. - The company has been accused of inflating student enrollment figures by including "ghost students" and engaging in deceptive practices that prioritize profits over student welfare [4][7]. Legal Proceedings - Prominent shareholder rights law firm Hagens Berman is investigating the claims against Stride and its executives, urging affected investors to come forward [2][7]. - The class action lawsuit focuses on Stride's assurances regarding its business model and enrollment figures, which are alleged to be false and misleading [3][4]. Operational Challenges - A report surfaced on September 14, 2025, revealing that Gallup-McKinley sued Stride for fraud and deceptive practices, which contributed to the decline in investor confidence [4]. - Stride acknowledged that "poor customer experience" led to higher withdrawal rates and an estimated loss of 10,000 to 15,000 enrollments [5]. Financial Outlook - Stride's guidance for 2026 indicates a sales growth forecast of only 5%, a significant slowdown from the previous five years' annualized growth rate of 19% [6].
Telix Pharmaceuticals Ltd. (TLX) Class Action Lawsuit: Levi & Korsinsky Reminds Investors of January 9, 2026 Deadline
Newsfile· 2025-11-14 21:02
New York, New York--(Newsfile Corp. - November 14, 2025) - If you suffered a loss on your Telix Pharmaceuticals Ltd. (NASDAQ: TLX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:https://zlk.com/pslra-1/telix-pharmaceuticals-ltd-lawsuit-submission-form?prid=177498&wire=5&utm_campaign=1or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212) 363-7500 to speak to our team of experienced shareholder ...
Fortinet, Inc. Class Action: Levi & Korsinsky Reminds Fortinet, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 21, 2025 – FTNT
Globenewswire· 2025-11-14 21:00
Core Points - 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] - The lawsuit claims that Fortinet misrepresented the potential profitability of its product refresh cycle and concealed the true number of FortiGate firewalls eligible for upgrades [2] - Investors have until November 21, 2025, to request to be appointed as lead plaintiff, with no out-of-pocket costs for class members to participate [3] Company Details - The lawsuit alleges that Fortinet's management made false statements regarding the refresh cycle's profitability, stating it would be lucrative when it was actually based on old products that represented a small percentage of the business [2] - Fortinet is accused of misleading investors about the momentum of the refresh cycle, claiming it would gain traction over two years while actually pushing through half of it in just a few months by the end of Q2 2025 [2] Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders and being recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4]
Contact Levi & Korsinsky by November 20, 2025 Deadline to Join Class Action Against RCI Hospitality Holdings, Inc.(RICK)
Globenewswire· 2025-11-14 21:00
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, LLP 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].