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Law Offices of Frank R. Cruz Encourages Oracle Corporation (ORCL) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-02-09 17:10
Core Viewpoint - A class action lawsuit has been filed against Oracle Corporation for securities fraud, alleging that the company made misleading statements regarding its AI infrastructure strategy and financial health, leading to significant stock price declines during the class period from June 12, 2025, to December 16, 2025 [1] Financial Performance - On September 25, 2025, Oracle's stock fell by $17.13 (5.6%) to close at $291.33 after analysts warned that the market was overestimating future growth from Oracle's AI deals [1] - Following the release of disappointing Q2 fiscal 2026 results on December 10, 2025, Oracle's stock dropped by $24.16 (10.8%) to close at $198.85, missing consensus estimates in revenue growth and capital expenditures [1] - On December 12, 2025, Oracle's stock fell by $8.88 (4.5%) to close at $189.97 after reports of delays in data center completion for OpenAI due to labor and material shortages [1] - On December 17, 2025, Oracle's stock decreased by $10.19 (5.4%) to close at $178.46 after news that Blue Owl Capital withdrew funding for a $10 billion data center project due to concerns over Oracle's financial commitments [1] Allegations in the Lawsuit - The lawsuit claims that Oracle's management failed to disclose that the AI infrastructure strategy would lead to significant increases in capital expenditures without corresponding near-term revenue growth [1] - It is alleged that the increased spending posed serious risks to Oracle's debt levels, credit rating, and free cash flow, which were not communicated to investors [1] - The complaint asserts that positive statements made by Oracle's management regarding the company's business and prospects were materially misleading and lacked a reasonable basis [1]
Law Offices of Frank R. Cruz Encourages Plug Power, Inc. (PLUG) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-02-09 17:06
Core Viewpoint - A class action lawsuit has been filed against Plug Power, Inc. for alleged securities fraud, impacting shareholders who acquired securities between January 17, 2025, and November 13, 2025 [1] Company Developments - On October 7, 2025, Plug Power announced the resignation of its CEO and President, leading to a stock price decline of $0.26, or 6.3%, closing at $3.87 per share [1] - On November 10, 2025, the company revealed a nonbinding letter of intent to monetize electricity rights, resulting in a further stock price drop of $0.09, or 3.4%, to close at $2.53 per share [1] - Following a report on November 13, 2025, regarding the suspension of plans to construct hydrogen production facilities, Plug Power's stock fell by $0.48, or 17.6%, closing at $2.25 per share [1] Allegations in the Lawsuit - The lawsuit claims that Plug Power's management made materially false or misleading statements and failed to disclose adverse facts about the company's operations and prospects [1] - Specific allegations include overstating the likelihood of receiving funds from a $1.66 billion DOE loan and the company's ability to construct necessary hydrogen production facilities [1] - The lawsuit asserts that the company's positive statements lacked a reasonable basis, misleading investors about its business outlook [1]
Law Offices of Frank R. Cruz Encourages Paysafe Limited (PSFE) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-02-09 17:05
Core Viewpoint - A class action lawsuit has been filed against Paysafe Limited for allegedly misleading shareholders regarding the company's financial health and operations during the specified class period from March 4, 2025, to November 12, 2025 [1][5]. Financial Performance - Paysafe reported third quarter revenue of $433.8 million, which was $5.8 million below consensus estimates, and a net loss of $87.7 million, significantly worse than the prior year's net loss of $12.98 million [3]. - The company revised its full year 2025 expected revenue down to $17 million at the midpoint and adjusted EPS to $0.50 at the midpoint [3]. Credit Loss and Operational Issues - The company disclosed a credit loss expense of $13,220, primarily due to expected chargebacks related to a specific merchant in the Merchant Solutions segment [4]. - Write-offs amounted to $9,924, driven by irrecoverable amounts receivable in the Merchant Solutions segment [4]. - CEO Bruce Lowthers indicated that a last-minute client shutdown led to several million-dollar write-downs in Q3, and the company faced challenges with higher risk Merchant Category Codes [4]. Stock Market Reaction - Following the announcement of the financial results, Paysafe's stock price dropped by $2.80, or 27.6%, closing at $7.36 per share on November 13, 2025, with unusually high trading volume [4]. Allegations in the Lawsuit - The lawsuit claims that the defendants made materially false and misleading statements and failed to disclose significant risks, including: 1. Significant exposure to a single high-risk client in the ecommerce business [5]. 2. Understated credit loss reserves and write-offs [5]. 3. Undisclosed issues with higher risk Merchant Category Codes affecting banking services [5]. 4. Likely negative impacts on revenue growth and overall revenue mix [5]. 5. Unlikelihood of meeting previously issued financial guidance for fiscal year 2025 [5]. 6. Misleading positive statements about the company's business and prospects [5].
PFSI Investors Have Opportunity to Join PennyMac Financial Services, Inc. Fraud Investigation with the Schall Law Firm
Businesswire· 2026-02-08 22:48
Core Viewpoint - The Schall Law Firm is investigating potential fraud claims against PennyMac Financial Services, Inc. (PFSI) for possible violations of securities laws, particularly regarding misleading statements and undisclosed information [1] Financial Performance - PennyMac reported a pretax income of $37.3 million for its servicing segment in Q4 2025, a significant decrease from $157.4 million in the previous quarter and $87.3 million in Q4 2024 [1] - The company's retax income, excluding valuation-related items, was $47.8 million, reflecting a 70% decline from the prior quarter, primarily due to increased realization of mortgage servicing rights (MSR) cash flows as lower mortgage rates led to higher prepayment activity [1] Market Reaction - Following the announcement of its financial results, PennyMac's shares experienced a sharp decline of 33.3% the next day [1]
FRAUD ALERT: PennyMac Financial Services, Inc. ($PFSI) Hit with Securities Fraud Investigations After Refinancing Issues Lead to 37% Stock Drop, Contact BFA Law
TMX Newsfile· 2026-02-08 11:46
Core Viewpoint - PennyMac Financial Services, Inc. is under investigation for potential violations of federal securities laws related to its mortgage recapture efforts as interest rates declined [1][2][3]. Company Overview - PennyMac originates and services home mortgages, recently increasing its capacity to originate loans to retain borrowers seeking to refinance [2]. - The company reported disappointing financial results for Q4 2025, which contributed to a significant drop in its stock price [4]. Financial Performance - On January 29, 2026, PennyMac's stock price fell over 37%, from $140.70 per share to as low as $93.50 per share the following day, following the announcement of its Q4 2025 results [4]. - Senior management indicated that despite increased origination capacity, competition in the mortgage origination market limited PennyMac's ability to capitalize on refinancing opportunities [4]. Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether PennyMac misrepresented its ability to recapture customers refinancing their mortgages [3]. - Investors in PennyMac are encouraged to seek additional information regarding potential legal options [5].
FRAUD ALERT: BellRing Brands, Inc. ($BRBR) Hit with Securities Fraud Allegations After Inventory Levels Lead to 33% Stock Drop, Contact BFA Law
TMX Newsfile· 2026-02-08 11:46
Core Viewpoint - A class action lawsuit has been filed against BellRing Brands, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1]. Company Overview - BellRing Brands, Inc. develops, markets, and sells "convenient nutrition" products, primarily known for its ready-to-drink protein shakes under the Premier Protein brand [4]. Allegations of Securities Fraud - The lawsuit claims that BellRing misrepresented sales growth as being driven by increased consumer demand, attributing it to "organic growth" and "strong macro tailwinds," while downplaying competitive pressures [4]. - It is alleged that the actual sales growth was due to key customers stockpiling inventory rather than genuine consumer demand, leading to a subsequent admission of weakened demand due to competitive pressures [4]. Stock Performance and Impact - On May 6, 2025, BellRing's CFO indicated that several key retailers had reduced their inventory levels, leading to a forecast of low single-digit sales growth for Q3, which resulted in a stock price drop of $14.88 per share, or 19%, from $78.43 to $63.55 [5]. - Following the Q3 2025 financial results reported on August 4, 2025, and a narrowed fiscal year outlook, the stock dropped by $17.46 per share, nearly 33%, from $53.64 to $36.18 on August 5, 2025 [6][7]. Legal Proceedings - Investors have until March 23, 2026, to request to lead the case in the U.S. District Court for the Southern District of New York, under the caption Denha v. BellRing Brands, Inc. [3].
Fermi Inc. (NASDAQ:FRMI) Accused of Securities Fraud after Stock Drops 33% -- Contact BFA Law before March 6
Globenewswire· 2026-02-07 12:05
Core Viewpoint - A class action lawsuit has been filed against Fermi Inc. and its executives due to significant stock price drops linked to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as claims under Sections 11 and 15 of the Securities Act of 1933 [3]. - Investors have until March 6, 2026, to request to lead the case in the U.S. District Court for the Southern District of New York [3]. Group 2: Company Background - Fermi Inc. is an energy and AI infrastructure company aiming to build large-scale nuclear reactors to support grid-independent data centers for AI companies [4]. - The company's flagship project, Project Matador, is designed to provide dedicated power for AI workloads [4]. Group 3: IPO and Allegations - Fermi completed its IPO in October 2025, claiming strong demand for Project Matador and securing a 20-year lease with an investment-grade-rated tenant [5]. - Allegations suggest that Fermi overstated tenant demand and misrepresented the agreement with the First Tenant [6]. Group 4: Stock Price Impact - On December 12, 2025, Fermi's stock dropped by $5.16 per share, over 33%, following the termination of the Advance in Aid of Construction Agreement by the First Tenant [7].
CoreWeave, Inc. (NASDAQ:CRWV) Accused of Securities Fraud after Stock Drops 16% – Contact BFA Law before March 13
Globenewswire· 2026-02-07 12:05
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, relying on partners like Core Scientific for development [4]. Allegations of Securities Fraud - The lawsuit claims that CoreWeave misrepresented its ability to meet customer demand and concealed construction delays at its data centers, despite assurances of capitalizing on strong demand and competitive strengths [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 a merger, leading to the termination of the merger 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]. - A report on December 15, 2025, regarding delays in a major data center project led to an additional stock drop of $2.85 (over 3%) [8].
PennyMac Financial Services, Inc. (NYSE:PFSI) Investigated for Securities Fraud after Stock Drops 37% -- Investors with Losses Notified to Contact BFA Law
Globenewswire· 2026-02-07 12:05
Core Viewpoint - PennyMac Financial Services, Inc. is under investigation for potential violations of federal securities laws related to its mortgage recapture efforts as interest rates declined [1][2][3]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is investigating whether PennyMac misrepresented its ability to recapture customers refinancing their mortgages during a period of declining interest rates [3]. - The investigation follows PennyMac's claims of improved recapture rates, which may not align with actual performance [2][3]. Group 2: Financial Performance and Stock Impact - On January 29, 2026, PennyMac reported disappointing financial results for Q4 2025, revealing that increased origination capacity did not translate into expected refinancing opportunities due to heightened competition [4]. - Following the earnings call, PennyMac's stock price dropped over 37%, from $140.70 per share to as low as $93.50 per share [4].
Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against Masonite International Corporation, Announces Opportunity for Investors with Substantial Losses to the Lead Masonite Class Action Lawsuit
Globenewswire· 2026-02-07 01:31
Core Viewpoint - The Masonite International Corporation is facing a class action lawsuit for allegedly failing to disclose acquisition offers from Owens Corning while repurchasing its own stock, potentially misleading investors during the Class Period from June 5, 2023, to February 8, 2024 [1][3]. Company Overview - Masonite International Corporation is a leading global designer, manufacturer, marketer, and distributor of interior and exterior doors and door solutions for both residential and non-residential building construction markets, including new construction and renovation sectors [2]. Legal Allegations - The lawsuit claims that Masonite repurchased its stock while knowing that it had received multiple formal acquisition offers from Owens Corning at prices significantly above the market value, which constituted a failure to disclose critical information to investors [3]. Class Action Details - Investors who sold Masonite common stock during the Class Period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to represent the interests of all class members [5]. - The lead plaintiff will have the authority to select a law firm to litigate the case and does not need to be the lead plaintiff to share in any potential recovery [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone, marking its fourth 1 ranking in the past five years [6].