Securities fraud
Search documents
Halper Sadeh LLC is Investigating Whether BKH, CWAN, EWCZ are Obtaining Fair Deals for their Shareholders
Globenewswire· 2026-02-22 16:14
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders. The proposed transactions may contain terms that could limit superior competing offers. Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. NEW YORK, Feb. 22, 2026 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an ...
Ardent Health ($ARDT) Investors Notified to Contact BFA Law about its Pending Securities Fraud Class Action Lawsuit Prior to the March 9 Legal Deadline
TMX Newsfile· 2026-02-22 11:07
Core Viewpoint - A class action lawsuit has been filed against Ardent Health, Inc. and its senior executives for securities fraud, following a significant stock drop attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is filed by Bleichmar Fonti & Auld LLP and is pending in the U.S. District Court for the Middle District of Tennessee, captioned Postiwala v. Ardent Health, Inc., et al., No. 3:26-cv-00022 [3]. - Investors have until March 9, 2026, to request to be appointed to lead the case, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Allegations Against Ardent Health - The lawsuit alleges that Ardent Health misrepresented its process for determining the collectability of accounts receivable, claiming reliance on "detailed reviews of historical collections," while actually using a 180-day cliff method for reserving accounts [4]. - This misrepresentation allowed Ardent Health to report inflated accounts receivable and delay recognizing losses on uncollectable accounts, constituting a violation of federal securities laws [4]. Group 3: Stock Price Impact - On November 12, 2025, Ardent Health disclosed a $43 million revenue decrease for the quarter and increased its professional liability reserves by $54 million, leading to a stock price drop of $4.75 per share, or over 33%, from $14.05 to $9.30 [5].
Plug Power Inc. ($PLUG) Investors Notified to Contact BFA Law About the Pending Securities Fraud Class Action Lawsuit Prior to the April 3 Legal Deadline
TMX Newsfile· 2026-02-22 11:07
Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and its senior executives for securities fraud, following significant stock price drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and it develops infrastructure such as hydrogen production plants [4]. Legal Proceedings - Investors have until April 3, 2026, to request to lead the case in the U.S. District Court for the Northern District of New York, under the case caption Ortolani v. Plug Power Inc., et al. [3]. Allegations - The lawsuit claims that Plug Power materially overstated the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance the construction of hydrogen production facilities [4]. Stock Price Impact - On October 7, 2025, Plug Power's stock dropped by $0.26 (6.3%) following the announcement of the abrupt departure of its CEO and President [5]. - On November 10, 2025, the stock fell by $0.09 (3.4%) after the company suspended activities under the DOE loan program [6]. - On November 14, 2025, the stock further declined by $0.48 (17.6%) after reports confirmed the suspension of plans to construct hydrogen production facilities, jeopardizing the $1.66 billion DOE loan [7].
CoreWeave, Inc. ($CRWV) Investors Notified of Analyst Commentary on Execution Risks and to Contact BFA Law about the Pending Securities Fraud Class Action Lawsuit
TMX Newsfile· 2026-02-22 11:07
Core Viewpoint - A class action lawsuit has been filed against CoreWeave, Inc. and its senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - CoreWeave is an AI-focused cloud computing company that operates data centers providing high-performance GPU infrastructure. The company relies on partnerships, including a merger agreement with Core Scientific announced on July 7, 2025 [4]. Allegations of Securities Fraud - The lawsuit claims that CoreWeave misrepresented its ability to meet customer demand and concealed significant construction delays at its data centers, despite assurances of being able to capitalize on unprecedented demand [5]. Stock Performance and Impact - On October 30, 2025, CoreWeave's stock dropped by $8.87 (over 6%) after Core Scientific failed to secure enough shareholder votes for the merger, leading to the termination of the agreement [6]. - Following a revenue guidance cut on November 10, 2025, due to delays from a third-party developer, CoreWeave's stock fell by $17.22 (over 16%) [7]. - Additional delays reported on December 15, 2025, regarding a major data center in Texas led to a further stock decline of $2.85 (over 3%) [8].
INVESTOR NOTICE: Kyndryl Holdings, Inc. (KD) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces
Businesswire· 2026-02-21 18:35
Core Viewpoint - Kyndryl Holdings, Inc. is facing a class action lawsuit due to allegations of financial misstatements and inadequate internal controls, leading to significant investor losses during the specified class period [1] Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Brander v. Kyndryl Holdings, Inc., and it charges Kyndryl and certain executives with violations of the Securities Exchange Act of 1934 [1] - Investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, can seek appointment as lead plaintiff until April 13, 2026 [1] - Allegations include that Kyndryl's financial statements were materially misstated and that the company lacked adequate internal controls [1] Group 2: Financial Reporting Issues - Kyndryl announced it would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, due to internal control issues [1] - The company anticipates reporting material weaknesses in its internal control over financial reporting for the fiscal year ended March 31, 2025, and the first two quarters of fiscal year 2026 [1] - Kyndryl's stock price fell by 55% following the announcement of these issues [1] Group 3: Executive Departures - The lawsuit notes the immediate departure of key executives, including the Chief Financial Officer and General Counsel, which may indicate deeper issues within the company's management [1] - Vineet Khurana also stepped down from his position as Senior Vice President and Global Controller, further highlighting instability in Kyndryl's leadership [1]
INVESTOR DEADLINE: NuScale Power Corporation Investors With Substantial Losses Have Opportunity to Lead Class Action Lawsuit Filed by Robbins Geller Rudman & Dowd LLP
Businesswire· 2026-02-21 18:10
Core Viewpoint - NuScale Power Corporation is facing a class action lawsuit due to allegations of misleading investors regarding its commercialization strategy and the capabilities of its partner, ENTRA1 Energy LLC, which lacked significant experience in nuclear power generation [1][1][1] Summary by Sections Class Action Lawsuit Details - Investors who purchased NuScale Class A common stock between May 13, 2025, and November 6, 2025, can seek to be lead plaintiffs in the lawsuit by April 20, 2026 [1] - The lawsuit, titled Truedson v. NuScale Power Corporation, claims violations of the Securities Exchange Act of 1934 by NuScale and its executives [1] Allegations Against NuScale - The lawsuit alleges that NuScale made false or misleading statements about ENTRA1's capabilities, failing to disclose that ENTRA1 had no significant experience in building or operating nuclear power projects [1][1] - It is claimed that NuScale's reliance on ENTRA1 for commercialization exposed the company to undisclosed risks, including potential delays and regulatory challenges [1] Financial Impact - On November 6, 2025, NuScale reported a dramatic increase in general and administrative expenses, which rose over 3,000% to $519 million from $17 million in the previous year, primarily due to a $495 million payment to ENTRA1 [1] - The company's quarterly net loss surged to $532 million, up from $46 million in the prior year, following the announcement of the TVA agreement [1] - Analysts questioned NuScale's management about ENTRA1's qualifications during a conference call, leading to a more than 12% decline in NuScale's Class A share price over two days [1]
Kessler Topaz Meltzer & Check, LLP - PayPal Holdings, Inc. (PYPL) Class Action Lawsuit: Investors Face April 20, 2026, Deadline
Globenewswire· 2026-02-21 16:24
Core Viewpoint - A securities fraud class action lawsuit has been filed against PayPal Holdings, Inc. for allegedly making materially false and misleading statements regarding its business operations and revenue projections during the specified class period [2][4][7]. Summary by Relevant Sections Lawsuit Details - The lawsuit is filed in the United States District Court for the Northern District of California, titled Goodman v. PayPal Holdings, Inc., with a class period from February 25, 2025, to February 2, 2026 [2][4][7]. - Investors have until April 20, 2026, to file for lead plaintiff status [2][6][7]. Allegations - The complaint alleges that PayPal's management misrepresented the company's revenue outlook and growth potential while downplaying risks associated with seasonality and macroeconomic factors [4][7]. - It is claimed that the optimistic growth plans were unrealistic and not achievable under the current CEO's leadership [4]. Stock Performance - Following a surprise leadership change and a disappointing earnings report on February 3, 2026, PayPal's stock price dropped by $10.63, or 20.3%, closing at $41.70 per share [5]. Investor Actions - Investors can seek to be appointed as lead plaintiffs by the April 20, 2026 deadline, or they may choose to remain absent class members [6][8]. - Kessler Topaz Meltzer & Check, LLP offers free case evaluations and operates on a contingency fee basis [8][10].
Plug Power Stock Notice: Plug Power Inc. (NASDAQ: PLUG) Shares Sink 17% on DOE Funding Issues - Investors Notified to Contact BFA Law about Securities Fraud Class Action
Globenewswire· 2026-02-21 11:47
Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of New York, titled Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165 [3]. - Investors have until April 3, 2026, to request to be appointed to lead the case, with claims asserted under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. Group 2: Company Background - Plug Power specializes in hydrogen fuel cell turnkey solutions for electric mobility and stationary power markets, and develops infrastructure such as hydrogen production plants [4]. - The company announced a "closed a $1.66 billion loan guarantee" from the U.S. Department of Energy to finance the construction of hydrogen production facilities [4]. Group 3: Stock Performance and Events - On October 7, 2025, Plug Power's stock dropped by $0.26 per share (6.3%) following the abrupt departure of CEO Andrew Marsh and President Sanjay Shrestha, from $4.13 to $3.87 per share [5]. - On November 10, 2025, the company announced the suspension of activities under the DOE loan program, leading to a stock drop of $0.09 per share (3.4%), from $2.65 to $2.56 per share [6]. - A report on November 13, 2025, confirmed the suspension of plans to construct hydrogen production facilities, resulting in a stock drop of $0.48 per share (17.6%), from $2.49 to $2.25 per share [7].
BellRing Stock Notice: BellRing Brands, Inc. (NYSE:BRBR) Shares Sink 33% on Inventory Issues - Investors Notified to Contact BFA Law about Pending Securities Fraud Class Action
Globenewswire· 2026-02-21 11:47
Core Viewpoint - A class action lawsuit has been filed against BellRing Brands, Inc. and its senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Southern District of New York, captioned Denha v. BellRing Brands, Inc., No. 1:26-cv-00575 [2]. - Investors have until March 23, 2026, to request to be appointed to lead the case [2]. Group 2: Company Background - BellRing Brands develops, markets, and sells "convenient nutrition" products, primarily ready-to-drink protein shakes under the Premier Protein brand [3]. - The company previously claimed that its sales growth was due to increased consumer demand and various positive factors, while downplaying competitive pressures [3]. Group 3: Stock Performance and Impact - On May 6, 2025, BellRing's CFO indicated that several key retailers had reduced their inventory levels, leading to a projected mid-single-digit headwind for Q3 growth, resulting in a stock price drop of $14.88 per share, or 19% [4]. - Following the Q3 2025 financial results reported on August 4, 2025, which included a narrowed fiscal year outlook, the stock dropped by $17.46 per share, nearly 33%, from $53.64 to $36.18 [5][6].
Kyndryl Stock Notice: Kyndryl Holdings, Inc. (NYSE:KD) Shares Sink 55% on Accounting Issues - Investors Notified to Contact BFA Law about Pending Securities Fraud Class Action
Globenewswire· 2026-02-21 11:47
Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. and certain senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][3]. Group 1: Company Overview - Kyndryl is a provider of enterprise technology services, offering advisory, implementation, and managed service capabilities to customers in over 60 countries, making it the world's largest IT infrastructure services provider [4]. Group 2: Allegations and Stock Impact - Kyndryl is accused of misrepresenting its cash management practices, including the drivers of its adjusted free cash flow metric and the effectiveness of its internal controls over financial reporting for FY2025 and the first three quarters of FY2026 [5]. - On February 9, 2026, Kyndryl announced a delay in releasing its fiscal Q3 2026 financial statement due to an accounting review of its cash management practices, leading to the immediate departures of its CFO and General Counsel [6]. - Following this announcement, Kyndryl's stock price dropped over 52% during trading on February 9, 2026 [7].