NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in MoonLake Immunotherapeutics ("MoonLake" or the "Company") (NASDAQ: MLTX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of MoonLake investors who were adversely affected by alleged securities fraud between March 10, 2024 and September 29, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/moonlake-law ...

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 September 24, 2025 [1][3] - Investors who suffered losses during the Class Period have until January 2, 2026, to seek appointment as lead plaintiff in the lawsuit [1][5] - The lawsuit claims that CarMax overstated its growth prospects, attributing earlier growth to temporary factors related to customer behavior influenced by tariff speculation [3][4] Financial Performance - CarMax reported a 5.4% decrease in retail unit sales and a 6.3% decrease in comparable store unit sales for the second quarter of fiscal year 2026 [4] - Net earnings per diluted share fell to $0.64 from $0.85 a year ago, leading to a significant drop of approximately 20% in CarMax's share price following the announcement [4] 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] About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing 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 action cases for four out of the last five years [6]

Core Viewpoint - CarMax, Inc. has faced a significant stock drop of over 15% following the unexpected departure of CEO Bill Nash and disappointing financial results, leading to a class action lawsuit for securities fraud against the company and its senior executives [1][7]. Financial Performance - CarMax reported disappointing financial results for Q2 of fiscal year 2026, with 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 net income for the second quarter was approximately $95.4 million, down from $132.8 million in the previous year [6]. - The decline in sales was attributed to a "pull forward" in demand due to the announcement of U.S. tariffs on cars [6]. Stock Movement - Following the financial results announcement on September 25, 2025, CarMax's stock price dropped by $11.45 per share, or roughly 20%, from $57.05 to $45.60 [7]. - The stock experienced an additional drop of over 15% after the announcement of CEO Bill Nash's departure on November 6, 2025, along with a weak preliminary Q3 2025 outlook [7]. Legal Actions - A class action lawsuit has been filed against CarMax and certain senior executives for securities fraud, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3][4]. - 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].

Core Viewpoint - Savara Inc. is facing a securities fraud class action lawsuit due to misleading statements regarding its Biologics License Application for MOLBREEVI, which led to significant stock price decline and investor losses [1][4][3]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of investors who acquired Savara securities between March 7, 2024, and May 23, 2025, with a deadline of November 7, 2025, to participate as a lead plaintiff [1][5]. - The lawsuit alleges that Savara made materially false and misleading statements about its business and operations, particularly regarding the completeness of the MOLBREEVI BLA submission to the FDA [4][5]. - The FDA issued a refusal-to-file letter for the MOLBREEVI BLA on May 27, 2025, citing insufficient information, which led to a 31.7% drop in Savara's stock price, closing at $1.94 per share [2][3]. Group 2: Financial Impact - Following the FDA's refusal-to-file letter, Guggenheim lowered its price target for Savara, indicating potential delays in commercialization and the likelihood of additional capital raises [2][4]. - The lawsuit claims that the delay in regulatory approval for MOLBREEVI increased the likelihood of Savara needing to raise additional capital, further impacting investor confidence [4].

Core Viewpoint - The Synopsys class action lawsuit alleges that the company and certain executives violated the Securities Exchange Act of 1934, failing to disclose significant issues affecting its financial performance, particularly in its Design IP business segment [1][3]. Company Overview - Synopsys, Inc. provides electronic design automation software products used for designing and testing integrated circuits, operating in two segments: Design Automation and Design IP [2]. Allegations and Financial Impact - The lawsuit claims that Synopsys' increased focus on artificial intelligence customers was negatively impacting the economics of its Design IP business, leading to poor financial results [3]. - On September 9, 2025, Synopsys reported third-quarter 2025 financial results, revealing quarterly revenue of $1.740 billion, which was below the guidance of $1.755 billion to $1.785 billion. Net income was reported at $242.5 million, a 43% decline from $425.9 million in the same quarter of 2024 [4]. - The Design IP segment accounted for approximately 25% of revenue, totaling $426.6 million, reflecting a 7.7% year-over-year decline. Guidance indicated a potential decline of at least 5% in Design IP revenues for the full fiscal year 2025 [4]. - Following the financial report, Synopsys' stock price fell by nearly 36% [4].

Core Viewpoint - The Portnoy Law Firm has initiated an investigation into Trex Company, Inc. for possible securities fraud, potentially leading to a class action lawsuit on behalf of investors [1][2]. Financial Performance - Trex reported disappointing Q3 2025 financial results with net sales of $285 million, which was 5% below the mid-point of its guidance and a sequential decline of approximately 26% [4]. - The company also experienced a 12% decline in net income per share for the nine months ended September 30, 2025, compared to the prior year [4]. Sales Guidance and Market Reaction - Trex revised its FY 2025 sales growth guidance down to roughly 0% compared to 2024, citing expectations of "muted" performance in Q4 due to pro channel partners lowering their inventories [5]. - Following the disappointing results and revised guidance, Trex's share price fell significantly on November 5, 2025 [5]. Company Statements - In August 2025, Trex had assured investors that its revised inventory strategy would reduce volatility associated with channel stocking and de-stocking, and projected sales growth of 5% to 7% for FY 2025 [3].

Core Viewpoint - CarMax, Inc. is facing a securities fraud lawsuit following a significant drop in its stock price after the announcement of CEO Bill Nash's resignation and allegations of overstating growth prospects [2][1]. Group 1: Company Developments - CarMax shares fell over 10% in pre-market trading on November 6, 2025, after the announcement that CEO Bill Nash will step down effective December 1, 2025, with board member David McCreight serving as interim CEO [2]. - The lawsuit alleges that CarMax overstated its long-term growth prospects between June 20, 2025, and September 24, 2025, claiming "significant year-over-year earnings growth for years to come" based on temporary sales strength driven by tariff speculation [2]. Group 2: Investor Information - Investors who purchased CarMax common stock between June 20, 2025, and September 24, 2025, and have experienced a decline in their shares may be eligible to recover losses [3]. - The deadline to seek appointment as lead plaintiff in the lawsuit is January 2, 2026, and a class has not yet been certified [4]. Group 3: Whistleblower Information - Individuals with non-public information about CarMax are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [5]. Group 4: Legal Representation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].

Core Points - A shareholder has filed a securities class action lawsuit against CarMax, Inc. for misrepresentations regarding the company's growth prospects during the period from June 20, 2025, to September 24, 2025 [1][2] Group 1 - The lawsuit is on behalf of investors who purchased or acquired CarMax securities within the specified timeframe [1] - Investors interested in joining the class action or discussing their legal rights can contact the Investor Relations Manager [2] - The deadline to file papers to serve as lead plaintiff is January 2, 2026, and participation does not require serving as lead plaintiff [3] Group 2 - Bernstein Liebhard LLP has a history of recovering over $3.5 billion for clients and has represented large public and private pension funds [4]

Core Viewpoint - The class action lawsuit against Six Flags Entertainment Corporation alleges that the company misrepresented its financial health and operational needs during its merger with Cedar Fair, leading to significant stock price declines post-merger [3][4]. Company Overview - Six Flags Entertainment Corporation operates amusement parks and was formerly known as CopperSteel HoldCo, Inc. [2]. Merger Details - The merger between Legacy Six Flags and Cedar Fair was completed on July 1, 2024, with Six Flags stock initially trading above $55 per share [4]. - Following the merger, the stock price plummeted to as low as $20 per share, representing a nearly 64% decline [4]. Allegations of Misrepresentation - The lawsuit claims that the registration statement for the merger failed to disclose chronic underinvestment in Legacy Six Flags, which required millions in additional capital to maintain operations [3]. - It is alleged that the company's executives misled investors by claiming transformational investments were made prior to the merger [3]. - The new CEO, Selim Bassoul, reportedly cut employee headcount to reduce costs, which negatively impacted operational competence and guest experience [3]. Legal Proceedings - 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]. - Investors have until January 5, 2026, to seek appointment as lead plaintiff in the lawsuit [1].

Core Viewpoint - Robbins Geller Rudman & Dowd LLP has filed a class action lawsuit against Six Flags Entertainment Corporation, alleging that the company and its executives violated the Securities Act of 1933 by failing to disclose critical financial information related to a merger with Cedar Fair, L.P. [1][3] Summary by Sections Class Action Lawsuit Details - The lawsuit is titled "City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation" and was filed in the Northern District of Ohio [1]. - Investors who purchased Six Flags stock in connection with the merger have until January 5, 2026, to seek appointment as lead plaintiff [1]. Allegations Against Six Flags - The registration statement for the merger allegedly did not disclose that Legacy Six Flags had chronic underinvestment and required millions in additional capital to maintain its market position [3]. - After becoming CEO in November 2021, Selim Bassoul reduced employee headcount to cut costs, which negatively impacted operational competence and guest experience [3]. - The lawsuit claims that the need for significant undisclosed capital undermined the rationale for the merger as presented in the registration statement [3]. Stock Performance - 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].