Core Viewpoint - A class action lawsuit has been filed against Sarepta Therapeutics, Inc. for allegedly misleading investors regarding the safety of its gene therapy drug, ELEVIDYS, which is intended for treating Duchenne muscular dystrophy [1][2]. Allegations - The lawsuit claims that Sarepta failed to disclose significant safety risks associated with ELEVIDYS, including the inability of trial protocols to detect severe side effects and the potential for adverse events to halt recruitment and dosing in clinical trials [2]. - Specific allegations include that the severity of adverse events would attract regulatory scrutiny and increase risks surrounding the therapy's approvals [2]. Stock Price Impact - Following a safety update on March 18, 2025, which reported a patient death after ELEVIDYS treatment, Sarepta's stock price dropped by $27.81, or 27.44%, closing at $73.54 [3]. - On June 15, 2025, after disclosing a second patient death due to acute liver failure and announcing a suspension of shipments for non-ambulatory patients, the stock fell by $15.24, or 42.12%, closing at $20.91 [3]. - The FDA's investigation announcement on June 24, 2025, regarding the risk of acute liver failure led to an additional stock price decline of $1.52, or 8.01%, closing at $17.46 [4]. Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file a motion by August 25, 2025, although participation is not required to be eligible for recovery [5].

Core Viewpoint - Several companies are significantly increasing their share buyback programs, collectively adding over $10 billion in repurchase capacity to the stock market, signaling a commitment to reward shareholders and potentially reduce outstanding shares [1]. Company Summaries Trump Media and Technology Group (DJT) - Announced a $400 million share buyback program, representing approximately 8.3% of its $4.8 billion market capitalization [2]. - The company raised $2.5 billion to create a large Bitcoin treasury, increasing its liquid assets to over $3 billion, despite generating under $4 million in revenues and having operating expenses exceeding $127 million [3]. Johnson Controls International (JCI) - Increased its share buyback authorization to $9 billion, totaling $10.1 billion in repurchase capacity, which is about 14.6% of its $69 billion market capitalization [6][7]. - Plans to return $5 billion in capital in the fourth quarter of fiscal 2025, potentially reducing its share count by around 7% and enhancing earnings per share [7]. Darden Restaurants (DRI) - Announced a $1 billion share buyback program, equating to just under 4% of its over $25 billion market capitalization, following a total return of approximately 17% in 2025 [9][10]. - Increased its quarterly dividend by 7.1%, with a solid indicated dividend yield of around 2.8%, one of the highest among U.S. restaurant stocks [10]. Broader Corporate Trend - The substantial buyback announcements from DJT, JCI, and DRI reflect a broader trend of companies returning capital to shareholders, whether to offset stock declines, reinforce confidence, or enhance earnings metrics [11]. - The end result of these buybacks is expected to be reduced share counts and potentially stronger shareholder returns, emphasizing the importance of execution speed and effectiveness in the coming quarters [12].

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].

MILWAUKEE, June 30, 2025 /PRNewswire/ -- The Ademi Firm is investigating Big 5 (Nasdaq: BGFV) for possible breaches of fiduciary duty and other violations of law in its transaction with Worldwide Golf and Capitol Hill Group.Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.In the transaction, shareholders of Big 5 will receive $1.45 per share, with total enterprise value of ...

The US Supreme Court will consider whether activist investors can use an 85-year-old law to challenge corporate moves bolstering controlling shareholders https://t.co/nzLLwChlye ...

Group 1 - Johnson Fistel, PLLP is investigating potential breaches of fiduciary duties by current and former directors and officers of Masimo Corporation, focusing on their responsibilities to shareholders and corporate governance obligations [1] - The investigation follows a court ruling from November 5, 2024, which allowed certain claims in a shareholder class action lawsuit to proceed, alleging that Masimo misrepresented the financial performance of Sound United and misled investors about the integration process [2] - Current or long-term shareholders of Masimo Corporation may have legal claims that could be pursued against its leadership to protect and recover shareholder value [3] Group 2 - Johnson Fistel, PLLP is a nationally recognized shareholder rights and securities litigation firm, representing both individual and institutional investors across multiple states [4]

NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Avis Budget Group, Inc. (NASDAQ:CAR) on behalf of long-term stockholders following a class action complaint that was filed against Avis on April 25, 2025 with a Class Period from February 16, 2024 and February 10, 2025. Our investigation concerns whether the board of directors of Avis have breached their fiduciary duties to the company. The l ...

NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Napco Security Technologies, Inc. (NASDAQ: NSSC) on behalf of long-term stockholders following a class action complaint that was filed against NAPCO on April 25, 2025 with a Class Period from February 5, 2024, to February 3, 2025. Our investigation concerns whether the board of directors of NAPCO have breached their fiduciary duties to the co ...

HALIFAX, Nova Scotia, June 26, 2025 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce its shareholders voted in favour of all items of business brought before them at the Company's Annual and Special Meeting of Shareholders (“Meeting”) held on June 25, 2025 in Halifax, Nova Scotia. Details of the Meeting are provided below. Appointment of Board and Executive At the Meeting, shareholders voted in favour of Erdene management’s n ...

Core Viewpoint - Nevada Zinc Corporation has completed the sale of its mineral claims in Eureka County, Nevada to Minaurum Gold Corp, which includes both owned and leased claims, as part of a strategic move to enhance shareholder value [1][3][10]. Group 1: Transaction Details - The transaction involves 203 mineral claims, including 1 patented claim and 26 unpatented lode claims owned by the Company's subsidiary, as well as 176 unpatented lode claims held through a long-term lease [2]. - Minaurum Gold Corp exercised an exclusive option to acquire 100% of the Company's rights in the owned and leased claims by issuing 3,846,893 common shares valued at $1,000,000 and paying a cash fee of $100,000 [3]. - The transaction was approved by the Company's shareholders on February 7, 2025, and further details are available in the Company's information circular [4]. Group 2: Listing and Financial Implications - Following the transaction, the Company will not meet the Tier 2 Continued Listing Requirements of the TSX Venture Exchange, resulting in its shares being transferred to the NEX Board [5]. - The Company received a secured loan of $173,321.07 from a director, which was used for various operational expenses, and the loan has been extended until repayment is feasible [6][7]. - The loan is considered a related party transaction, and the Company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the low market capitalization impact [8]. Group 3: Strategic Direction - The Company is exploring strategic alternatives to enhance shareholder value, indicating a proactive approach to its financial and operational strategy [10].