Securities Fraud
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Snap Inc. Deadline: SNAP Investors Have Opportunity to Lead Snap Inc. Securities Fraud Lawsuit
Prnewswire· 2025-10-14 23:50
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Snap Inc. securities between April 29, 2025, and August 5, 2025, of the October 20, 2025, lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Snap securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by October 20, 2025 [2]. - The lawsuit alleges that Snap's management misrepresented the company's advertising revenue and growth potential, leading to investor losses when the true situation was revealed [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise and reputation in the field [3].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Marex Group Plc of Class Action Lawsuit and Upcoming Deadlines - MRX
Globenewswire· 2025-10-14 22:37
Core Viewpoint - A class action lawsuit has been filed against Marex Group Plc, alleging securities fraud and unlawful business practices [2][4]. Group 1: Lawsuit Details - The lawsuit involves claims that Marex and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors have until December 8, 2025, to request to be appointed as Lead Plaintiff if they purchased Marex securities during the Class Period [2]. Group 2: Financial Allegations - A report by NINGI Research accused Marex of engaging in a multi-year accounting scheme involving opaque off-balance-sheet entities and misleading disclosures to conceal losses and inflate profits [4]. - Following the release of the report, Marex's stock price dropped by $2.33 per share, or 6.19%, closing at $35.31 per share on August 5, 2025 [4]. Group 3: Legal Firm Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for victims of securities fraud [5].
JEF INVESTIGATION ALERT: Investigation Launched into Jefferies Financial Group Inc., Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm
Prnewswire· 2025-10-14 19:10
Company Overview - Jefferies Financial Group Inc. is a global full-service investment banking and capital markets firm, operating under the Leucadia Asset Management umbrella, managing diverse alternative asset management platforms [3] Investigation Details - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Jefferies, focusing on whether Jefferies and its top executives made false or misleading statements or failed to disclose material information to investors [1] - The investigation is prompted by reports regarding First Brands Group's bankruptcy and its implications for Jefferies, particularly concerning financial misrepresentations [4] Financial Implications - Jefferies' asset-management unit, Point Bonita Capital, is reportedly owed around $715 million from companies that purchased parts from First Brands [4] - First Brands' former CEO was involved in efforts to refinance nearly $6 billion of corporate loans with Jefferies, which allegedly did not disclose billions of dollars of off-balance-sheet debt to prospective lenders [4]
Dick's Sporting Goods, Inc. (NYSE: DKS) Investor Alert: Schubert Jonckheer Investigating Possible False Claims, $90 Million Insider Sales
Prnewswire· 2025-10-13 12:00
Core Points - Schubert Jonckheer & Kolbe LLP is investigating potential legal claims against Dick's Sporting Goods, Inc. related to alleged false statements about inventory levels and insider stock sales [1][3] - A U.S. Magistrate Judge has recommended that key claims in a securities fraud lawsuit against Dick's Sporting Goods and its executives proceed, alleging that the company misled investors about its inventory situation [2] - The lawsuit claims that between August 2022 and August 2023, Dick's Sporting Goods falsely represented its inventory levels, leading to artificially inflated stock prices, while insiders sold over $90 million in stock during this period [2] - Following the revelation of excess inventory impacting the company's financial performance, the stock price dropped by 24% in August 2023 [2]
MOH Investor Alert: A Securities Fraud Class Action Lawsuit Has Been Filed Against Molina Healthcare, Inc. (MOH) - Contact Kessler Topaz Meltzer & Check, LLP
Prnewswire· 2025-10-12 13:30
Core Viewpoint - A securities class action lawsuit has been filed against Molina Healthcare, Inc. for allegedly making false and misleading statements regarding its financial health and operational assumptions during the specified Class Period from February 5, 2025, to July 23, 2025 [1][2]. Allegations Against Defendants - The complaint claims that Molina's management failed to disclose material adverse facts about the company's medical cost trend assumptions [2]. - It is alleged that there was a dislocation between Molina's premium rates and medical cost trends, impacting the company's financial guidance for fiscal year 2025 [2]. - The lawsuit suggests that Molina's near-term growth relied on a lack of utilization of various health services, which was not adequately communicated to investors [2]. - As a result of these issues, the positive statements made by Molina's management regarding the company's business and prospects were misleading and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in Molina have until December 2, 2025, to seek appointment as a lead plaintiff representative in the class action [3]. - The lead plaintiff will represent the interests of all class members and will select legal counsel to direct the litigation [3]. - Participation as a lead plaintiff does not affect an investor's ability to share in any potential recovery from the lawsuit [3].
JEF STOCK NEWS: Jefferies Financial Group Inc. Shares Dropped 8%; BFA Law Notifies Investors that its Securities Fraud Investigation Could Allow them to Recover Losses
Globenewswire· 2025-10-12 11:06
Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm Point Bonita Capital are under investigation for potential violations of federal securities laws related to their significant exposure to First Brands Group, which recently declared bankruptcy [1][4]. Group 1: Company Overview - Jefferies is an investment banking and capital markets firm, while Point Bonita Capital serves as its trade finance division [2]. - Both firms were closely associated with First Brands Group, an auto parts supplier that filed for bankruptcy in September 2025 [2]. Group 2: Financial Exposure - On October 8, 2025, Jefferies disclosed that it and Point Bonita had approximately $715 million in exposure to First Brands' receivables, accounting for about 25% of Point Bonita's trade finance portfolio [3]. - Following this announcement, Jefferies' stock price dropped by $4.66, or approximately 8%, from $59.10 on October 7, 2025, to $54.44 on October 8, 2025 [3]. Group 3: Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether Jefferies and/or Point Bonita made materially false and misleading statements to investors regarding their exposure to First Brands [4].
ATYR Investor Notice: Robbins LLP Reminds Investors of the Securities Fraud Class Action Against aTyr Pharma, Inc.
Globenewswire· 2025-10-10 23:24
Core Points - A class action has been filed on behalf of investors who purchased aTyr Pharma, Inc. common stock between January 16, 2025, and September 12, 2025 [1] - The allegations involve misleading statements regarding the efficacy of aTyr's drug candidate, Efzofitimod, during a Phase 3 clinical trial for pulmonary sarcoidosis [2] - Following the announcement that the EFZO-FIT study did not meet its primary endpoint, aTyr's stock price plummeted by 83.2%, from $6.03 to $1.02 per share in one day [3] Company Overview - aTyr Pharma, Inc. is a clinical stage biotechnology company focused on developing therapies for fibrosis and inflammation through evolutionary intelligence [1] Legal Proceedings - Shareholders wishing to serve as lead plaintiffs in the class action must submit their papers by December 8, 2025 [4] - The representation in the class action is on a contingency fee basis, meaning shareholders incur no fees or expenses [5]
ATYR Investors Have Opportunity to Lead aTyr Pharma, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-10-10 21:01
Core Viewpoint - Rosen Law Firm has announced the filing of a class action lawsuit on behalf of purchasers of aTyr Pharma, Inc. common stock during the specified Class Period, highlighting potential investor compensation opportunities [1][2]. Group 1: Class Action Details - The class action lawsuit pertains to aTyr Pharma, Inc. common stock purchases made between January 16, 2025, and September 12, 2025 [1]. - Investors who purchased shares during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by December 8, 2025, to represent other class members in the litigation [1][3]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as the Rosen Law Firm has significant experience and success in this area [4]. - The firm has achieved notable settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions for investors [4]. Group 3: Case Allegations - The complaint alleges that defendants made misleading statements regarding the efficacy of Efzofitimod, particularly concerning its ability to allow patients to taper steroid usage completely [5]. - The lawsuit claims that when the true details were revealed, investors suffered damages due to the misleading information [5].
WPP Investor Notice: Robbins LLP Reminds Investors of the Securities Fraud Class Action Lawsuit Against WPP PLC
Globenewswire· 2025-10-10 19:49
Core Viewpoint - A class action lawsuit has been filed against WPP PLC, alleging that the company misled investors about its business prospects and financial performance during the specified period [1][2]. Allegations - The complaint claims that WPP PLC created a false impression of having reliable information regarding its projected revenue and growth, while downplaying risks associated with seasonality and macroeconomic factors [2]. - It is alleged that WPP's optimistic reports on client acquisition and retention were misleading, as the company's media division was losing market share and was not competitive [2]. Performance Update - On July 9, 2025, WPP released a trading update indicating a deterioration in performance as the second quarter progressed, attributing this to macroeconomic uncertainties affecting client spending and weaker new business than expected [3]. - Following this announcement, WPP's stock price fell from $35.82 per share on July 8, 2025, to $29.34 per share on July 9, 2025, marking a decline of approximately 18.1% [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against WPP PLC, with options to serve as lead plaintiff or remain an absent class member [4]. - The representation in the class action is on a contingency fee basis, meaning shareholders incur no fees or expenses [5].
CPTN Investor Alert: Robbins LLP Reminds Investors of the Securities Fraud Class Action Against Cepton, Inc.
Globenewswire· 2025-10-10 19:40
Core Viewpoint - A class action has been filed against Cepton, Inc. for allegedly misleading investors regarding its acquisition by Koito Manufacturing Co., Ltd. [1][2] Allegations - The complaint claims that Cepton did not disclose a credible third-party bid that valued the company at more than double the acquisition price offered by Koito, which was $3.17 per share [3] - It is alleged that Cepton's Board of Directors failed to adequately explore this third-party offer and did not disclose its terms when recommending the Koito acquisition to shareholders [3] - As a result, shareholders were deprived of the opportunity to make an informed decision regarding the acquisition [3] Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by December 8, 2025, and can remain absent class members if they choose not to participate [4] - The representation in the class action is on a contingency fee basis, meaning shareholders will not incur any fees or expenses [5]