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LRN SECURITIES ALERT: BFA Law Reminds Stride, Inc. Investors with Losses of Important January 12 Securities Class Action Deadline
Newsfile· 2025-12-06 12:18
Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock price drops attributed to alleged violations of federal securities laws [1][3]. Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [4]. Allegations and Stock Impact - The lawsuit claims that Stride inflated enrollment numbers by retaining "ghost students" and ignored compliance requirements, leading to poor customer experiences and higher withdrawal rates [4]. - On September 14, 2025, a report of fraud allegations caused Stride's stock to drop by $18.60, or over 11%, from $158.36 to $139.76 per share [5]. - Following an admission of poor customer experience on October 28, 2025, Stride's stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share [6]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the Eastern District of Virginia [3]. - The lawsuit is titled MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019 [3]. Investor Actions - Investors in Stride are encouraged to seek additional information and consider their legal options regarding the class action lawsuit [2][7].
James Hardie Industries plc (JHX) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RGRD Law
Globenewswire· 2025-12-06 05:45
Core Viewpoint - The James Hardie Industries plc is facing a class action lawsuit for allegedly misleading investors about the strength of its North American Fiber Cement segment, which experienced significant inventory destocking and a subsequent decline in sales [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled "Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc" and is filed in the Northern District of Illinois [1]. - Investors who purchased James Hardie common stock between May 20, 2025, and August 18, 2025, can seek appointment as lead plaintiff by December 23, 2025 [1][5]. - The lawsuit alleges that James Hardie and its executives violated the Securities Exchange Act of 1934 [1]. Group 2: Allegations Against James Hardie - The lawsuit claims that James Hardie misled investors by assuring them of strong sales in the Fiber Cement segment while denying any inventory destocking, despite evidence to the contrary [3]. - On August 19, 2025, James Hardie reported a 12% decline in sales for North America Fiber Cement due to customer destocking, leading to a stock price drop of over 34% [4]. Group 3: Company Background - James Hardie is known for designing and manufacturing a variety of fiber cement building products, with production facilities in the United States and Australia [2]. - Robbins Geller Rudman & Dowd LLP, the law firm representing the plaintiffs, is recognized as a leading firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6].
Sprouts Farmers Market, Inc. Securities Fraud Class Action Result of Undisclosed Financial Problems and 26% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF
Prnewswire· 2025-12-06 03:38
Core Viewpoint - A securities class action lawsuit has been filed against Sprouts Farmers Market, Inc. for failing to disclose material information during the class period, leading to significant investor losses [3][4]. Group 1: Lawsuit Details - Investors who suffered substantial losses from purchasing Sprouts' securities between June 4, 2025, and October 29, 2025, have until January 26, 2026, to file lead plaintiff applications [1]. - The lawsuit is pending in the United States District Court for the District of Arizona, under the case name Singh Family Revocable Trust u/a dtd 02/18/2019 v. Sprouts Farmers Market, Inc., et al. [5]. Group 2: Financial Performance - On October 29, 2025, Sprouts announced third quarter fiscal 2025 results, revealing comparable store sales growth below expectations and disappointing fourth quarter guidance, which led to a cut in full-year estimates [4]. - Following the announcement, Sprouts' share price plummeted from $104.55 to $77.25 in one day, marking a decline of approximately 26.11% [4].
Six Flags Entertainment Corporation Securities Fraud Class Action Result of Undisclosed Financial Problems and 63% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF
Prnewswire· 2025-12-06 03:37
Core Viewpoint - Investors with significant losses in Six Flags Entertainment Corporation have until January 5, 2026, to file lead plaintiff applications in a securities class action lawsuit related to the company's merger with Cedar Fair, L.P. [1] Summary by Sections Lawsuit Details - The lawsuit alleges that Six Flags and certain executives failed to disclose material information in the registration statement for the merger, violating federal securities laws [3]. - The case is identified as City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation, No. 25-cv-02394 [5]. Allegations Against Six Flags - The registration statement allegedly did not reveal that Legacy Six Flags had chronic underinvestment and required millions in additional capital and operational expenditures to maintain its market share [4]. - Following the appointment of CEO Selim Bassoul in November 2021, aggressive cost-cutting measures were implemented, which degraded operational competence and guest experience [4]. - As a result of these issues, Legacy Six Flags needed substantial undisclosed capital to stabilize its business, undermining the rationale for the merger [4]. Stock Performance - On the merger closing date, July 1, 2024, Six Flags stock traded above $55 per share, but subsequently fell to as low as $20 per share, representing a nearly 64% decline [5].
CarMax, Inc. Securities Fraud Class Action Result of Undisclosed Financial Problems and 20% Stock Decline - Investors may Contact Lewis Kahn, Esq, @ KSF
Prnewswire· 2025-12-06 03:36
Core Viewpoint - Investors with significant losses in CarMax, Inc. have until January 2, 2026, to file lead plaintiff applications in a securities class action lawsuit due to alleged failure to disclose material information during the Class Period from June 20, 2025, to November 5, 2025 [1][3]. Summary by Sections Lawsuit Details - CarMax and certain executives are accused of violating federal securities laws by not disclosing important information during the Class Period [3]. - The lawsuit is identified as Cap v. CarMax, Inc., No. 25-cv-03602 [4]. Financial Performance - On September 25, 2025, CarMax reported a 5.4% decrease in retail unit sales, a 6.3% decrease in comparable store unit sales, and a 2.2% decrease in wholesale units [3]. - The net earnings per diluted share were reported at $0.64, down from $0.85 a year ago [3]. Market Reaction - Following the financial results announcement, CarMax's share price dropped by $11.5, or 20.07%, closing at $45.60 per share on September 25, 2025 [4].
FCX INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Freeport McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Globenewswire· 2025-12-06 03:20
Core Viewpoint - The Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to safety issues at its Grasberg mine in Indonesia, which resulted in worker fatalities and significant stock price declines [1][3][5]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc., and it involves purchasers of Freeport-McMoRan securities from February 15, 2022, to September 24, 2025 [1]. - The lawsuit alleges that Freeport-McMoRan failed to ensure adequate safety measures at the Grasberg Block Cave mine, leading to heightened risks for workers [3]. - On September 9, 2025, Freeport-McMoRan disclosed a significant incident at the Grasberg mine that restricted evacuation routes for workers, resulting in a nearly 6% drop in stock price [4]. Group 2: Incident and Financial Impact - Following the incident on September 24, 2025, Freeport-McMoRan reported two fatalities and indicated that production in 2026 could be approximately 35% lower than pre-incident estimates, causing a nearly 17% decline in stock price [5]. - An article published on September 25, 2025, highlighted the potential strain on Freeport-McMoRan's relationship with the Indonesian government due to the production halt, leading to an additional stock price drop of over 6% [6]. Group 3: Legal Process and Representation - Investors who suffered losses during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to represent the interests of all class members [7]. - Robbins Geller Rudman & Dowd LLP is the law firm representing the investors in this class action, known for securing significant monetary relief for investors in securities fraud cases [8].
FLY INVESTOR NOTICE: Firefly Aerospace Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-12-06 01:55
Core Viewpoint - Firefly Aerospace Inc. is facing a class action lawsuit due to alleged violations of securities laws related to its IPO and subsequent financial disclosures, which reportedly misrepresented the company's growth prospects and operational readiness [1][3]. Company Overview - Firefly Aerospace operates in the space and defense technology sector, providing mission solutions for national security, government, and commercial customers [2]. IPO Details - The company conducted its IPO on August 7, 2025, issuing approximately 19.3 million shares at an offering price of $45.00 per share [2]. Allegations of Misrepresentation - The lawsuit claims that Firefly Aerospace overstated demand and growth prospects for its Spacecraft Solutions offerings and the operational readiness of its Alpha rocket program, which could have a material negative impact once revealed [3]. Financial Performance - In its first earnings report as a public company on September 22, 2025, Firefly Aerospace reported a loss of $80.3 million for Q2 2025, compared to a loss of $58.7 million in Q2 2024. Revenue was reported at $15.55 million, below analyst estimates of $17.25 million, and down 26.2% year-over-year [4]. - The Spacecraft Solutions segment reported revenue of only $9.2 million, representing a 49% year-over-year decrease [4]. Stock Price Impact - Following the earnings report, Firefly Aerospace's stock price fell more than 15%. Additionally, on September 29, 2025, the company disclosed an issue with its Alpha Flight 7 rocket, leading to a further decline of over 20% in its stock price [4][5].
SFM Investors Have Opportunity to Lead Sprouts Farmers Market, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-12-06 01:22
Core Viewpoint - A class action lawsuit has been filed against Sprouts Farmers Market, Inc. for allegedly providing misleading information regarding its growth potential during the fiscal year 2025, which may have led to investor losses [5]. Group 1: Class Action Details - The class action is on behalf of purchasers of securities and sellers of put options of Sprouts Farmers Market between June 4, 2025, and October 29, 2025 [1]. - Investors who purchased securities or sold put options during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. Group 2: Allegations Against the Company - The lawsuit claims that the defendants provided overly positive statements about Sprouts Farmers Market's growth potential while concealing material adverse facts [5]. - Specifically, the defendants expressed confidence in the company's customer base's resilience to macroeconomic pressures, suggesting that the company would benefit from a cautious consumer environment [5]. - However, the lawsuit alleges that a more cautious consumer could lead to a significant slowdown in sales growth, contradicting the positive outlook presented to investors [5]. Group 3: Law Firm Background - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, highlighting its effectiveness in representing investor interests [4].
Anika Therapeutics, Inc. INVESTIGATION: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud on behalf of Investors ANIK
Globenewswire· 2025-12-06 01:00
Core Viewpoint - Anika Therapeutics, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following the release of disappointing clinical trial results for its product Hyalofast [1][3]. Group 1: Investigation Details - The law firm Kirby McInerney LLP is leading the investigation into Anika Therapeutics [1]. - The investigation focuses on whether Anika and/or its senior management engaged in unlawful practices related to the company's securities [1]. Group 2: Clinical Trial Results - On July 30, 2025, Anika announced topline results from a clinical trial of Hyalofast, which is a resorbable hyaluronic acid scaffold for cartilage repair [3]. - The trial showed consistent improvements in treated patients compared to microfracture, but did not meet its pre-specified co-primary endpoints [3]. - Factors affecting the trial results included a higher dropout rate in the microfracture arm and missed visits during COVID, leading to missing data and a reduced evaluable sample size [3]. - Following the announcement, Anika's share price fell by $3.06, or approximately 27.42%, closing at $8.10 per share [3].
DXCM SHAREHOLDER ALERT: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit Filed Against DexCom, Inc. (DXCM)
Prnewswire· 2025-12-06 00:12
Core Viewpoint - Securities class action lawsuits have been filed against DexCom, Inc. for allegedly making false and misleading statements regarding its G6 and G7 continuous glucose monitoring systems, which may have posed health risks to users [1][2]. Allegations Against DexCom - Defendants allegedly made unauthorized design changes to the G6 and G7 systems that compromised their reliability and safety [2]. - The enhancements claimed for the G7 device were reportedly overstated, leading to potential health risks for users relying on these devices for accurate glucose readings [2]. - DexCom is accused of downplaying the severity of issues related to the G7 devices, which could result in increased regulatory scrutiny and significant legal and financial repercussions [2]. Lead Plaintiff Process - Investors in DexCom have until December 26, 2025, to seek appointment as lead plaintiff representatives in the class action, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].