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Robbins Geller Rudman & Dowd LLP Announces that CarMax, Inc. (KMX) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-11-08 16:00
Core Viewpoint - The CarMax class action lawsuit alleges that the company and its executives misrepresented growth prospects during a specific period, leading to significant investor losses when actual performance was revealed to be declining [3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Cap v. CarMax, Inc., and it involves purchasers of CarMax securities from June 20, 2025, to September 24, 2025, with a deadline of January 2, 2026, for lead plaintiff applications [1]. - Allegations include that CarMax overstated its growth due to temporary factors related to customer behavior influenced by tariff speculation [3]. - Following the release of second-quarter fiscal year 2026 results on September 25, 2025, which showed a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales, CarMax's share price fell approximately 20% [4]. Group 2: 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, representing the interests of the class [5]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [5]. Group 3: Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6]. - The firm has a strong track record, being ranked 1 in monetary relief for investors in securities class actions for four out of the last five years [6].
RICK Deadline: RICK Investors Have Opportunity to Lead RCI Hospitality Holdings, Inc. Securities Fraud Lawsuit Filed by The Rosen Law Firm
Prnewswire· 2025-11-08 15:03
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of RCI Hospitality Holdings, Inc. during the specified class period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][2]. Group 1: Class Action Details - The class period for the securities class action is from December 15, 2021, to September 16, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must file a motion with the court by November 20, 2025, to represent other class members [3]. Group 2: Allegations Against RCI Hospitality - The lawsuit alleges that defendants made materially false and misleading statements, including engaging in tax fraud and bribery to cover it up [5]. - It is claimed that these actions resulted in an understatement of the legal risks facing the company, leading to misleading statements about its business and operations [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions for investors [4].
BYND SECURITIES ALERT: Beyond Meat, Inc. Investors with Losses Are Notified to Contact BFA Law About Its Pending Securities Class Action Investigation
Newsfile· 2025-11-08 11:18
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 [2][5]. Group 1: Company Operations and Financials - Beyond Meat underwent a global operations review in late 2023, leading to the depreciation of certain long-lived assets, which were recorded at the lower of their carrying value or fair value less costs to sell, with no impairments reported [4]. - 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 [6]. - The company delayed its earnings announcement for Q3 2025 on November 3, 2025, due to the need for additional time to complete the impairment review, resulting in a significant decline in stock price [7]. Group 2: Stock Performance - Following the announcement of the expected impairment charge, Beyond Meat's stock price dropped approximately 23%, from $2.84 per share on October 23, 2025, to $2.185 per share on October 24, 2025 [6]. - The delay in the earnings announcement further contributed to a substantial decline in the stock price during trading on November 3, 2025 [7].
LRN SECURITIES ALERT: Stride, Inc. Investors with Losses are Notified to Contact BFA Law about its Pending Securities Class Action Investigation
Newsfile· 2025-11-08 11:08
Core Viewpoint - Stride, Inc. is under investigation for potential violations of federal securities laws following a significant drop in its stock price due to poor customer experiences related to platform changes [1][5]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3]. - The company previously reported "record demand" for its products and services, indicating a strong customer base [3]. Recent Developments - On October 28, 2025, Stride disclosed that its growth rate did not meet expectations due to poorly executed upgrades to its learning and technology platforms [5]. - The upgrades led to a "poor customer experience," resulting in higher withdrawal rates and lower conversion rates, which drove students away from the platform [5]. Financial Impact - Stride estimated a loss of approximately 10,000-15,000 enrollments due to the negative impact of the platform changes [5]. - Following the announcement, Stride's stock price plummeted by $83.48 per share, a decline of over 54%, from $153.53 on October 28, 2025, to $70.05 on October 29, 2025 [6].
MLTX DEADLINE: MoonLake Immunotherapeutics Investors with Losses are Notified to Contact BFA Law before December 15 Securities Class Action Deadline
Newsfile· 2025-11-08 11:08
Core Viewpoint - MoonLake Immunotherapeutics is facing a securities class action lawsuit due to alleged misrepresentations regarding its clinical data and the efficacy of its investigational drug sonelokimab, leading to significant stock price declines after disappointing trial results [2][4][5][7][8]. Group 1: Company Overview - MoonLake Immunotherapeutics is a clinical-stage biotechnology company focused on developing therapies for inflammatory diseases [5]. - The company conducted Phase 3 VELA trials for sonelokimab, aimed at treating moderate to severe hidradenitis suppurativa [5]. Group 2: Allegations and Legal Action - The lawsuit claims that MoonLake and its executives violated federal securities laws by providing misleading information about the clinical benefits of sonelokimab [2][4][6]. - The complaint is filed under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors in MoonLake common stock [4]. Group 3: Clinical Trial Results and Impact - MoonLake reported disappointing results from the VELA Phase 3 trials on September 28, 2025, with VELA-2 failing to meet its primary endpoint, raising doubts about the drug's regulatory approval and commercial viability [8]. - Following the announcement, MoonLake's stock price plummeted nearly 90%, from $61.99 per share to $6.24 per share within a few days [8].
KMX DEADLINE: CarMax, Inc. Investors with Losses are Notified to Contact BFA Law before January 2 Securities Class Action Deadline
Newsfile· 2025-11-08 11:07
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 - The 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, 2025, 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 company's net income for Q2 was approximately $95.4 million, down from $132.8 million in the previous year [6]. Group 3: Stock Price Impact - Following the announcement of poor financial results on September 25, 2025, CarMax's stock price fell by $11.45 per share, or roughly 20%, from $57.05 to $45.60 [7]. - An additional drop of over 15% occurred after the unexpected departure of CEO Bill Nash and a weak preliminary Q3 2025 outlook on November 6, 2025 [7]. Group 4: Market Context - The lawsuit alleges that CarMax misrepresented the demand for its cars, which was temporarily boosted by U.S. tariffs, leading to a "pull forward" in demand prior to the tariffs taking effect [4][6]. - The unexpected departure of CEO Bill Nash is also under investigation to determine if CarMax properly assessed its portfolio of car loans [5].
DXCM DEADLINE: DexCom, Inc. Investors with Losses are Notified to Contact BFA Law before December 26 Securities Class Action Deadline
Newsfile· 2025-11-08 11:06
Core Viewpoint - A class action lawsuit has been filed against DexCom, Inc. for securities fraud due to significant stock drops linked to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - Investors have until December 26, 2025, to request to lead the case in the U.S. District Court for the Southern District of New York [3]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Product Issues - DexCom manufactures continuous glucose monitoring systems, including the G6 and G7, which were marketed as highly accurate [4]. - Allegations state that unauthorized design changes were made to the G6 and G7, compromising their accuracy and posing health risks to customers [5]. Group 3: Stock Performance - DexCom's stock experienced significant declines due to revelations about product quality issues, including a drop of $7.12 per share (over 9%) following an FDA warning letter on March 7, 2025 [6]. - After the FDA published details of unauthorized modifications on March 25, 2025, the stock fell another $3.19 per share (over 4%) [7]. - A report by Hunterbrook on September 18 revealed severe issues, leading to a nearly 12% drop of $8.99 per share over two trading days [8].
MLTX INVESTOR DEADLINE: MoonLake Immunotherapeutics Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-11-08 04:59
Core Viewpoint - The MoonLake class action lawsuit alleges that the company and its executives made false statements regarding the efficacy of its drug candidate, sonelokimab, leading to significant financial losses for investors [1][3][5]. Company Overview - MoonLake Immunotherapeutics is a clinical stage biotechnology company focused on developing therapies for inflammatory skin and joint diseases [3]. - The company's sole drug candidate, sonelokimab (SLK), is primarily aimed at treating hidradenitis suppurativa (HS) [3]. Allegations of the Lawsuit - The lawsuit claims that MoonLake and its executives failed to disclose critical information about SLK, including its molecular targets and clinical efficacy compared to Union Chimique Belge's BIMZELX [4]. - It is alleged that SLK and BIMZELX share the same molecular targets, and SLK's unique Nanobody structure does not provide a superior clinical benefit [4]. - The lawsuit highlights that SLK's supposed increased tissue penetration did not translate to improved clinical efficacy [4]. Impact of the Allegations - Following the announcement of disappointing Phase 3 trial results on September 28, 2025, which showed SLK's failure to demonstrate competitive efficacy against BIMZELX, MoonLake's stock price plummeted nearly 90% [5]. Legal Process - Investors who purchased MoonLake common stock during the class period can seek to become lead plaintiffs in the lawsuit, which allows them to represent the interests of all affected investors [6]. - The deadline for filing lead plaintiff motions is December 15, 2025 [2]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [7]. - The firm has a strong track record in obtaining significant recoveries in securities class action cases [7].
AVTR INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Avantor, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2025-11-08 04:15
Core Viewpoint - The Avantor class action lawsuit alleges that the company and its executives misrepresented the competitive positioning and financial health of Avantor, leading to significant stock price declines following disappointing financial results [3][4][5][6]. Group 1: Lawsuit Details - The lawsuit is titled "Building Trades Pension Fund of Western Pennsylvania v. Avantor, Inc." and seeks to represent purchasers of Avantor common stock, alleging violations of the Securities Exchange Act of 1934 [1]. - The lawsuit claims that Avantor's competitive positioning was weaker than publicly represented, and the company faced negative impacts from increased competition [3]. - The lead plaintiff motions must be filed by December 29, 2025, for those who suffered substantial losses [2]. Group 2: Financial Performance and Stock Impact - On April 25, 2025, Avantor reported weak first-quarter results, leading to a more than 16% drop in share price after the CFO acknowledged the impact of increased competition [4]. - On August 1, 2025, the company reported disappointing second-quarter results and reduced its full-year guidance, resulting in a more than 15% decline in share price [5]. - On October 29, 2025, Avantor announced weak third-quarter results, including a 5% decrease in organic revenue growth, causing a more than 23% drop in share price [6]. Group 3: Company Background - Avantor provides mission-critical products and services across various sectors, including biopharma, healthcare, and advanced technologies [3]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is recognized for its significant recoveries in securities fraud cases, having recovered over $2.5 billion for investors in 2024 alone [8].
Investor Files Class Action Lawsuit Against Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (FUN) and RGRD Law Announces Opportunity for Investors with Substantial Losses to Lead Class Action Lawsuit
Globenewswire· 2025-11-08 02:30
Core Viewpoint - The Six Flags Entertainment Corporation is facing a class action lawsuit alleging violations of the Securities Act of 1933 related to its merger with Cedar Fair, L.P., with claims that the company misrepresented its financial health and operational needs prior to the merger [1][3]. Group 1: Lawsuit Details - The class action lawsuit is titled "City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation" and was filed in the Northern District of Ohio [1]. - Purchasers of Six Flags common stock related to the merger have until January 5, 2026, to seek lead plaintiff status in the lawsuit [1]. - The lawsuit claims that the registration statement for the merger failed to disclose significant underinvestment in Legacy Six Flags, which required millions in additional capital to maintain operations [3]. Group 2: Financial Impact - 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 nearly 64% decline [4]. - The lawsuit alleges that the company's executives misled investors about the financial condition of Legacy Six Flags, which undermined the rationale for the merger [3]. Group 3: Company Background - Six Flags is identified as an amusement park operator, and the lawsuit highlights the operational challenges faced by the company following a significant reduction in employee headcount aimed at cost-cutting [2][3]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the plaintiffs, has a strong track record in prosecuting investor class actions and has recovered over $2.5 billion for investors in 2024 alone [5].