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Kirby McInerney LLP Announces Investigation Against PubMatic, Inc. on Behalf of Investors
GlobeNewswire News Room· 2025-08-13 20:21
Core Insights - Kirby McInerney LLP is investigating potential claims against PubMatic, Inc. regarding possible violations of federal securities laws and unlawful business practices [1][3] - PubMatic reported a significant revenue decline expected in Q3 2025 due to reduced ad spend from a major demand-side platform (DSP) partner [3] Financial Performance - On August 11, 2025, PubMatic disclosed a headwind from a top DSP buyer that shifted clients to a new platform, impacting revenue [3] - Following the announcement, PubMatic's share price fell by $2.23, approximately 21.1%, from $10.57 to $8.34 [3]
Shareholders who lost money in shares of CTO Realty Growth, Inc. (NYSE: CTO) Should Contact Wolf Haldenstein Immediately
GlobeNewswire News Room· 2025-08-13 19:15
Core Viewpoint - A securities class action lawsuit has been filed against CTO Realty Growth, Inc. for allegedly making false and misleading statements regarding its financial health and sustainability of dividends during the class period from February 18, 2021, to June 24, 2025 [1][2]. Group 1: Allegations Against CTO - CTO's dividends were less sustainable than represented, indicating potential misrepresentation of financial stability [6]. - The company allegedly used deceptive practices to inflate Adjusted Funds From Operations (AFFO) and overstated the profitability of its Ashford Lane property [6]. - Public statements made by CTO and its executives were materially false and misleading, leading to investor losses [6]. Group 2: Financial Mismanagement - CTO had not generated sufficient cash to cover recurring capital expenditures and dividends since its 2021 REIT conversion, relying on a 70% increase in shares since December 2022 to offset a $38 million dividend shortfall from 2021 to 2024 [6]. - The company employed a manipulative definition of AFFO by excluding recurring capital expenditures, unlike its peers [6]. - CTO faced an imminent need for further dilution, with only $8.4 million in cash available against $14 million in quarterly dividends and $5.7 million in quarterly recurring capital expenditures [6].
SMUCKER INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. is Investigating J.M.
GlobeNewswire News Room· 2025-08-12 23:29
Core Viewpoint - J.M. Smucker Company is facing legal scrutiny and potential claims regarding violations of federal securities laws and other unlawful business practices following disappointing financial results and significant impairment charges related to its Sweet Baked Snacks segment and the Hostess Brand acquisition [1][3][4]. Financial Performance - On November 7, 2023, Smucker announced the acquisition of Hostess Brands for approximately $5.5 billion, with $2.4 billion recorded as goodwill in the Sweet Baked Snacks segment [3]. - For Q3 2025, Smucker reported an 8% decrease in comparable net sales in the Sweet Baked Snacks segment, alongside a $794 million impairment charge related to goodwill and a $208 million impairment charge for the Hostess Brand trademark [3]. - In Q4 2025, the company reported a 14% decrease in comparable net sales in the Sweet Baked Snacks segment, with an additional $867 million impairment charge for goodwill and a $113 million impairment charge for the Hostess Brand trademark [4]. - Following the Q4 results, Smucker's share price fell by $17.44, or approximately 15.59%, closing at $94.41 per share on June 10, 2025 [4]. Strategic Implications - The company has updated its 2026 financial plan to reflect decreased net sales in the Sweet Baked Snacks segment, indicating a sustained underperformance since the acquisition of Hostess Brands [4].
Kirby McInerney LLP Announces Investigation Against Albany International Corporation on Behalf of Investors
GlobeNewswire News Room· 2025-08-12 21:15
Core Viewpoint - Albany International Corporation is under investigation for potential violations of federal securities laws and unlawful business practices, following disappointing financial results that led to a significant drop in share price [1][3]. Financial Performance - On July 30, 2025, Albany reported non-GAAP earnings per share of $0.57, which was $0.16 below consensus estimates [3]. - The company's President and CEO acknowledged that the financial results "lagged our expectations" due to "certain timing and operational issues" [3]. - Following the earnings announcement, Albany's share price fell by $16.77, or approximately 23.63%, from $70.96 to $54.19 [3]. Legal Investigation - Kirby McInerney LLP is investigating potential claims against Albany and its officers regarding possible violations of federal securities laws [1]. - The law firm is reaching out to individuals who purchased Albany securities or have relevant information to discuss their rights [4]. Law Firm Background - Kirby McInerney LLP specializes in securities, antitrust, whistleblower, and consumer litigation, with a history of achieving recoveries totaling billions of dollars for shareholders [6].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Replimune
GlobeNewswire News Room· 2025-08-12 15:01
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Replimune Group, Inc. due to allegations of violations of federal securities laws related to misleading statements about the IGNYTE trial and its FDA approval process [4][6]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in Replimune between November 22, 2024, and July 21, 2025, to discuss their legal rights [1][4]. - A federal securities class action has been filed against Replimune, with a deadline of September 22, 2025, for investors to seek the role of lead plaintiff [4][8]. Group 2: Allegations Against Replimune - The complaint alleges that Replimune and its executives made false and misleading statements regarding the IGNYTE trial, which the FDA deemed inadequate [6][7]. - Following the FDA's Complete Response Letter on July 22, 2025, Replimune's stock fell over 73% during intraday trading, indicating significant investor losses [7]. Group 3: Company Background - 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 [5].
Shareholders who lost money in shares of Lineage, Inc. (NASDAQ: LINE) Should Contact Wolf Haldenstein Immediately.
Prnewswire· 2025-08-11 12:04
Core Viewpoint - A securities class action lawsuit has been filed against Lineage, Inc. for alleged material misrepresentations in its IPO Registration Statement, impacting investors who purchased shares during the IPO [1][6]. Allegations - The lawsuit claims that Lineage misrepresented the state of its business and industry trends in its IPO Registration Statement, which was declared effective on July 24, 2024 [6]. - It is alleged that the company falsely claimed that COVID-19 had accelerated growth in cold storage demand, which would benefit the company in the long term [6]. - The lawsuit also states that Lineage concealed a sustained downturn in its business, including destocking by customers and a market-wide shift towards leaner inventories [6]. - Additionally, the increase in overall cold storage supply negatively impacted occupancy rates and pricing power, particularly as Lineage had implemented unsustainable price hikes [6]. Impact on Investors - Investors have until September 30, 2025, to seek appointment as lead plaintiff in the case [3]. Legal Representation - Wolf Haldenstein Adler Freeman & Herz LLP, a law firm with over 125 years of experience in securities litigation, is representing the investors in this case [4].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sarepta Therapeutics
Prnewswire· 2025-08-08 14:50
Core Viewpoint - The complaint against Sarepta Therapeutics alleges violations of federal securities laws due to misleading statements regarding the safety and efficacy of its treatment ELEVIDYS, which has been linked to patient deaths and regulatory scrutiny [2]. Group 1: Safety Concerns and Regulatory Actions - ELEVIDYS is reported to pose significant safety risks, with trial protocols failing to detect severe side effects [2] - Following a patient death on March 18, 2025, Sarepta's stock price dropped by $27.81, or 27.44%, closing at $73.54 [3] - On April 4, 2025, Sarepta halted recruitment and dosing in some clinical studies after EU authorities requested a review of the death, leading to a further stock price decline of $4.18, or 7.13%, to $54.43 [4] - A second patient death due to acute liver failure was disclosed on June 15, 2025, prompting Sarepta to suspend shipments for non-ambulatory patients and pause dosing in one study [5] - Following the second death, Sarepta's stock fell by $15.24, or 42.12%, closing at $20.91 [6] - The FDA issued a Safety Communication on June 24, 2025, regarding the investigation into the deaths and acute liver failure risks associated with ELEVIDYS, resulting in a stock price drop of $1.52, or 8.01%, to $17.46 [6][7] Group 2: Legal Proceedings and Class Action - The lead plaintiff in the class action is the investor with the largest financial interest, who will oversee the litigation on behalf of the class [8] - Members of the putative class can choose to serve as lead plaintiff or remain absent without affecting their ability to share in any recovery [8] - Faruqi & Faruqi, LLP encourages individuals with information regarding Sarepta's conduct to come forward, including whistleblowers and former employees [9]
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Lockheed Martin
Prnewswire· 2025-08-08 14:30
Core Viewpoint - Lockheed Martin has faced significant financial losses due to internal control failures and operational challenges, leading to a series of negative announcements that have impacted its stock price and investor confidence [2][3][4]. Financial Performance - On October 22, 2024, Lockheed Martin announced a loss of $80 million related to a classified program, resulting in a 6.12% drop in share price to $576.98 [3][5]. - On January 28, 2025, the company reported pre-tax losses of $1.7 billion, with $555 million attributed to the Aeronautics program and $1.3 billion to the Missiles and Fire Control business, leading to a net earnings drop from $6.9 billion in 2023 to $5.3 billion in 2024 [4][5]. - On July 22, 2025, an additional $1.6 billion in pre-tax losses was disclosed, including $950 million from the Aeronautics Classified program, resulting in a further decline in net earnings to $342 million [6][7]. Stock Market Reaction - Following the October 2024 announcement, Lockheed Martin's share price fell by $37.63 [3][5]. - The January 2025 announcement led to a $46.24 drop in share price [4][5]. - The July 2025 announcement resulted in a $49.79 decline in share price [6][7]. Legal Implications - A class action lawsuit has been initiated against Lockheed Martin, alleging violations of federal securities laws due to misleading statements and failure to disclose critical operational issues [2][8]. - The lead plaintiff in the lawsuit is an investor with the largest financial interest in the case, representing the interests of the class [8]. Company Operations - The complaints highlight that Lockheed Martin lacked effective internal controls and procedures for managing program complexities and risks, which contributed to the financial losses [2]. - The company has faced challenges in delivering on contract commitments regarding cost, quality, and schedule, leading to significant operational setbacks [2].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Centene
Prnewswire· 2025-08-08 14:15
Core Viewpoint - Centene Corporation is facing a class action lawsuit due to allegations of providing misleading statements regarding its enrollment and morbidity rates, which led to a significant decline in its stock price after the withdrawal of its 2025 guidance [2][3]. Group 1: Allegations and Impact - Defendants allegedly made overwhelmingly positive statements while concealing adverse facts about Centene's true enrollment and morbidity rates [2] - On July 1, 2025, Centene withdrew its 2025 guidance, revealing that its market growth across 22 states was lower than expected, leading to a revised guidance of approximately $1.8 billion and an adjusted diluted EPS of $2.75 [2] - Following this announcement, Centene's stock price plummeted from $56.65 per share to $33.78 per share, marking a decline of 40.4% [3] Group 2: Legal Proceedings - The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [4] - Any member of the putative class can move to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [4] Group 3: Call for Information - Faruqi & Faruqi, LLP is encouraging individuals with information regarding Centene's conduct, including whistleblowers and former employees, to come forward [5]
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Capricor Therapeutics
Prnewswire· 2025-08-08 13:55
Core Viewpoint - The complaint alleges that Capricor and its executives violated federal securities laws by making false or misleading statements regarding the drug deramiocel, which is intended for treating cardiomyopathy associated with Duchenne muscular dystrophy (DMD) [2] Group 1: Company Conduct - Capricor allegedly provided investors with overly positive statements about its ability to obtain a Biologics License Application (BLA) from the FDA while concealing adverse facts related to the safety and efficacy data from its Phase 2 HOPE-2 trial [2] - On July 11, 2025, Capricor received a Complete Response Letter (CRL) from the FDA, denying the BLA due to insufficient evidence of effectiveness and the need for additional clinical data [3] Group 2: Market Reaction - Following the announcement of the CRL, Capricor's stock price fell from $11.40 per share on July 10, 2025, to $7.64 per share on July 11, 2025, reflecting a significant decline in investor confidence [4]