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KMX INVESTORS: CarMax, Inc. Hit with Securities Class Action after Demand Issues and CEO Departure – Contact BFA Law by January 2 Court Deadline
Globenewswire· 2025-11-11 13:16
Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant drop in stock price due 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: Reasons for the Lawsuit - CarMax had previously promoted strong demand for its used cars, attributed to a seamless customer experience, but it is alleged that this demand was artificially inflated by the announcement of U.S. tariffs [3]. - The company reported disappointing financial results for Q2 FY 2026, including a 5.4% decline in retail used unit sales and a net income drop from $132.8 million to $95.4 million year-over-year [5]. Group 3: Stock Performance - Following the announcement of poor financial results on September 25, 2025, CarMax's stock price fell by $11.45, or approximately 20%, from $57.05 to $45.60 per share [6]. - The unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 2025 outlook, led to an additional stock drop of over 24% [6].
JHX INVESTORS: James Hardie Industries plc Hit with Securities Class Action after 20% Stock Drop – Contact BFA Law by December 23 Court Deadline
Globenewswire· 2025-11-11 13:16
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc and certain senior executives for securities fraud following a significant stock drop due to potential violations of federal securities laws [1][3]. Company Overview - James Hardie Industries 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 [4]. Allegations and Misrepresentation - During the relevant period, James Hardie claimed that its North American fiber cement segment showed "inherent strength" and "underlying momentum," while in reality, sales were inflated due to inventory loading by channel partners, indicating fraudulent channel stuffing rather than genuine customer demand [5]. Stock Performance and Impact - On August 19, 2025, James Hardie reported a 12% decline in North American fiber cement sales, attributed to destocking efforts by customers. Following this announcement, the stock price plummeted by $9.79 per share, a decrease of over 34%, from $28.43 to $18.64 [6].
BYND INVESTORS: Beyond Meat, Inc. Hit with Securities Class Action Investigation after 23% Stock Drop – Contact BFA Law if You Lost Money
Globenewswire· 2025-11-11 13:14
Core Viewpoint - Beyond Meat, Inc. is under investigation for potential violations of federal securities laws, particularly concerning the inflation of the value of certain long-lived assets [1][3]. Financial Performance and Stock Movement - On October 24, 2025, Beyond Meat announced an expected non-cash impairment charge for the three months ended September 27, 2025, related to certain long-lived assets, which was anticipated to be material. This announcement led to a significant stock price drop of approximately 23%, from $2.84 per share on October 23, 2025, to $2.185 per share on October 24, 2025 [4]. - Following this, on November 3, 2025, the company delayed its earnings announcement for Q3 2025 to complete the impairment review, resulting in further substantial declines in stock price during trading on that day [5]. Company Operations and Asset Management - Beyond Meat underwent a global operations review in late 2023, during which it depreciated certain long-lived assets. The company stated that these assets were recorded at the lower of their carrying value or fair value less costs to sell, asserting that there were no impairments [2].
INSP CLASS ACTION: Inspire Medical Systems, Inc. Sued for Securities Fraud after Inspire V Delays Cause 32% Stock Drop – Contact BFA Law if You Lost Money
Globenewswire· 2025-11-11 11:07
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]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Minnesota, with the case titled City of Pontiac Reestablished General Employees' Retirement System v. Inspire Medical Systems, Inc., et al., No. 0:25-cv-04247 [3]. - Investors have until January 5, 2026, to request to lead the case [3]. Group 2: Company Background - Inspire Medical Systems develops and manufactures an implantable medical device for treating sleep apnea, with the latest version being Inspire V, which received FDA approval on August 2, 2024 [4]. Group 3: Allegations and Stock Impact - The lawsuit alleges that Inspire misled investors by claiming it had taken necessary steps for the launch of Inspire V, while in reality, it failed to prepare clinicians and payors, leading to delays and weak demand [5][6]. - On August 4, 2025, Inspire announced an "elongated timeframe" for the Inspire V launch and reduced its 2025 earnings per share guidance by over 80%, attributing this to undisclosed factors [7]. - Following this announcement, Inspire's stock price dropped by $42.04 per share, or more than 32%, from $129.95 on August 4, 2025, to $87.91 on August 5, 2025 [8].
uniQure N.V. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights - QURE
Prnewswire· 2025-11-11 09:23
Core Viewpoint - DJS Law Group is investigating claims against uniQure N.V. for potential violations of securities laws following a significant drop in share price due to concerns raised by the FDA regarding the company's gene therapy for Huntington's disease [1][2]. Investigation Details - The investigation centers on whether uniQure made misleading statements or failed to disclose critical information to investors [2]. - On November 3, 2025, uniQure announced that the FDA may not consider the data from its Phase I/II studies of AMT-130 sufficient for a Biologics License Application (BLA) submission, leading to a more than 60% decline in share price [2]. Company Background - DJS Law Group specializes in securities class actions, corporate governance litigation, and M&A appraisals, representing large hedge funds and alternative asset managers [4].
TLX Investors Have Opportunity to Lead Telix Pharmaceuticals Limited Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2025-11-11 01:37
Core Viewpoint - Telix Pharmaceuticals Limited is facing a class action lawsuit for securities fraud, with allegations of false and misleading statements regarding its therapeutic candidates and supply chain quality [5]. Summary by Sections Class Action Lawsuit - The Schall Law Firm is reminding investors of a class action lawsuit against Telix Pharmaceuticals for violations of the Securities Exchange Act of 1934 [1]. - Investors who purchased Telix securities between February 21, 2025, and August 28, 2025, are encouraged to contact the firm before January 9, 2026 [2]. Allegations - The complaint alleges that Telix overstated its progress with therapeutic candidates for prostate cancer and inflated the quality of its supply chain [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].
TLX INVESTOR ALERT: Telix Pharmaceuticals Ltd. Investors with Substantial Losses Have Opportunity to Lead the Telix Class Action Lawsuit - RGRD Law
Prnewswire· 2025-11-11 00:54
Core Viewpoint - The Telix Pharmaceuticals class action lawsuit alleges that the company and its executives made false statements regarding the progress of prostate cancer therapeutic candidates and the quality of its supply chain, leading to significant stock price declines following negative disclosures [4][5][6]. Company Overview - Telix Pharmaceuticals is a commercial-stage biopharmaceutical company focused on developing and commercializing therapeutic and diagnostic radiopharmaceuticals [3]. Allegations of the Lawsuit - The lawsuit claims that during the Class Period, Telix Pharmaceuticals materially overstated its progress in developing prostate cancer therapeutics and the quality of its supply chain [4]. - On July 22, 2025, Telix disclosed receiving a subpoena from the U.S. Securities and Exchange Commission regarding its disclosures on prostate cancer therapeutics, resulting in a more than 13% drop in its stock price over two trading sessions [5]. - On August 28, 2025, Telix revealed it received a Complete Response Letter from the FDA for its product TLX250-CDx, citing deficiencies in the Chemistry, Manufacturing, and Controls package, which led to a more than 21% decline in its stock price over two trading sessions [6]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Telix Pharmaceuticals securities during the Class Period to seek appointment as lead plaintiff in the class action lawsuit [7]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [7]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8]. - The firm has a strong track record, being ranked 1 in securing monetary relief for investors in securities class action cases [8].
Expanded Class Period Notification: V.F. Corporation (VFC) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Businesswire· 2025-11-10 23:00
Core Viewpoint - V.F. Corporation (VFC) is facing a class action lawsuit due to significant financial losses and misleading statements regarding the performance of its Vans brand, which has seen a notable decline in revenue growth [2][4]. Financial Performance - VFC reported a 20% loss in the growth trajectory of the Vans brand for the fourth quarter of fiscal 2025, compared to an 8% loss in the previous quarter [2]. - The company anticipates that this decline will continue into the next quarter, attributing the poor results to "deliberately reduced revenue to eliminate unprofitable or unproductive businesses" [2]. Stock Market Reaction - Following the announcement of the financial results, VFC's stock price dropped by $2.28, or 15.8%, closing at $12.15 per share on May 21, 2025, impacting investors negatively [3]. Legal Allegations - The class action lawsuit alleges that VFC made materially false and misleading statements throughout the class period, failing to disclose necessary actions to return the Vans brand to growth and misrepresenting the company's business prospects [4]. - Specifically, the lawsuit claims that VFC did not inform investors about the need for significant reset actions that would affect Vans' revenue growth trajectory [4].
Investors in Varonis Systems, Inc. (VRNS) Warned of Potential Securities Fraud - Contact Levi & Korsinsky Today
Newsfile· 2025-11-10 22:00
Core Insights - Varonis Systems, Inc. is under investigation for possible violations of federal securities laws following disappointing financial results and strategic changes [1][2] - The company reported third quarter fiscal 2025 revenue that fell below estimates, attributed to weaker renewals in both federal and non-federal on-prem subscription businesses [2] - Varonis announced the discontinuation of its self-hosted solution by December 31, 2026, leading to a reduction in growth guidance and a planned 5% headcount reduction to manage costs [2] Financial Performance - Varonis' third quarter fiscal 2025 revenue was below market expectations, indicating challenges in its subscription renewal rates [2] - Following the announcement of its financial results, Varonis' stock price dropped significantly, falling by $23.36 to open at $39.64 per share [3] Strategic Changes - The decision to end the self-hosted solution is a significant strategic shift for Varonis, impacting its future growth prospects [2] - The company is implementing a 5% reduction in workforce as part of its cost-cutting measures in response to the current financial challenges [2]
Levi & Korsinsky Launches Fraud Investigation on Behalf of Alkami Technology, Inc. (ALKT) Shareholders
Newsfile· 2025-11-10 21:23
Core Points - Alkami Technology, Inc. is under investigation by Levi & Korsinsky for potential violations of federal securities laws [1] - For Q3 2025, Alkami reported a GAAP earnings per share of -$0.14, which was $0.02 below consensus estimates, and revenue of $113 million, missing estimates by $0.48 million [2] - Following the earnings report, Alkami's stock price dropped over 7% on October 31, 2025 [2] Company Overview - Alkami Technology, Inc. is publicly traded on NASDAQ under the ticker ALKT [1] - The company has faced scrutiny due to its recent financial performance and the subsequent investigation [1][2] Legal Context - Levi & Korsinsky LLP is a well-established securities litigation firm with a history of securing significant settlements for shareholders [3] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [3]