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Shareholders of Cytokinetics, Incorporated Should Contact Levi & Korsinsky Before November 17, 2025 to Discuss Your Rights – CYTK
Globenewswire· 2025-10-23 20:18
Core Viewpoint - A class action securities lawsuit has been filed against Cytokinetics, alleging securities fraud related to misleading statements about the New Drug Application (NDA) for aficamten, which may have led to significant investor losses [1][2]. Case Details - The lawsuit claims that Cytokinetics made materially false and misleading statements regarding the expected timeline for FDA approval of aficamten, specifically indicating approval in the second half of 2025 based on a September 26, 2025 PDUFA date [2]. - It is alleged that the company failed to disclose critical risks associated with not submitting a Risk Evaluation and Mitigation Strategy (REMS), which could delay the regulatory process [2]. - During an earnings call on May 6, 2025, it was revealed that the company had discussions with the FDA about safety monitoring and risk mitigation but chose to submit the NDA without a REMS, misleading investors about the regulatory timeline [2]. Next Steps - Investors who suffered losses in Cytokinetics during the specified period have until November 17, 2025, to request appointment as lead plaintiff, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Why Levi & Korsinsky - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4].
HALPER SADEH LLC ENCOURAGES COINBASE GLOBAL, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS
Prnewswire· 2025-10-23 19:28
Core Viewpoint - Halper Sadeh LLC is investigating potential breaches of fiduciary duties by certain officers and directors of Coinbase Global, Inc. which may affect shareholder rights [1][2]. Group 1: Legal Actions and Shareholder Rights - Long-term shareholders of Coinbase may seek corporate governance reforms, return of funds, court-approved financial incentives, or other benefits [2]. - Shareholder involvement is crucial for improving company policies and practices, leading to enhanced shareholder value [3]. Group 2: Firm's Background and Services - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having recovered millions for defrauded investors [4].
Securities Fraud Investigation Into F5, Inc. (FFIV) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
Businesswire· 2025-10-23 19:22
Core Viewpoint - Glancy Prongay & Murray LLP has initiated an investigation into F5, Inc. regarding potential violations of federal securities laws affecting investors [1] Company Summary - F5, Inc. is under scrutiny for possible legal issues that may have impacted its investors [1] - The investigation is aimed at assessing the extent of the violations and the potential for investors to recover losses [1]
F5, Inc. Investigated by the Portnoy Law Firm
Globenewswire· 2025-10-23 18:09
Core Viewpoint - F5, Inc. is under investigation for possible securities fraud following a significant security breach that led to unauthorized access to its systems, resulting in a notable decline in share price [1][3]. Group 1: Investigation and Legal Actions - The Portnoy Law Firm has initiated an investigation into F5, Inc. and may file a class action on behalf of investors [1]. - Investors are encouraged to contact the law firm for legal rights discussions and to join the case [2]. Group 2: Security Breach Details - On October 15, 2025, F5 disclosed that a sophisticated nation-state threat actor gained unauthorized access to its systems, including the BIG-IP product development environment [3]. - The investigation revealed that the threat actor maintained long-term access and exfiltrated files containing portions of the BIG-IP source code and information on undisclosed vulnerabilities [3]. - Following the announcement, F5's share price dropped by $35.40, approximately 10.70%, from $330.75 to $295.35 [3].
Telix Pharmaceuticals Limited Investigated by the Portnoy Law Firm
Globenewswire· 2025-10-23 18:08
Core Viewpoint - The Portnoy Law Firm has initiated an investigation into Telix Pharmaceuticals Limited for possible securities fraud, potentially leading to a class action lawsuit on behalf of investors [1]. Group 1: Legal Actions and Investigations - The Portnoy Law Firm is encouraging investors to contact them to discuss their legal rights and options for pursuing claims to recover losses [2]. - On July 22, 2025, Telix received a subpoena from the U.S. Securities and Exchange Commission regarding disclosures related to the development of its prostate cancer therapeutic candidates [3]. - Following the SEC subpoena news, Telix's American Depositary Receipt (ADR) price dropped by $1.70, or 10.44%, closing at $14.58 per ADR on July 23, 2025 [3]. Group 2: Firm Background - The Portnoy Law Firm has a history of representing investors in claims related to corporate wrongdoing, with the founding partner having recovered over $5.5 billion for aggrieved investors [4].
Jefferies Financial Group, Inc. Investigated by the Portnoy Law Firm
Globenewswire· 2025-10-23 18:01
Core Insights - Jefferies Financial Group, Inc. is under investigation for possible securities fraud, with a potential class action being considered for affected investors [1][3] Company Developments - The Portnoy Law Firm has initiated an investigation into Jefferies, advising investors to contact them for legal rights and options [2] - Jefferies is linked to the bankruptcy of First Brands Group, which has raised concerns regarding its financial reporting and potential misrepresentations [3] Financial Implications - Jefferies' asset-management unit, Point Bonita Capital, is owed approximately $715 million from companies that purchased parts from First Brands [3] - First Brands' financial issues are compounded by a significant off-balance-sheet debt, which was not disclosed to prospective lenders during refinancing efforts [3]
BellRing Brands, Inc. Investigated by the Portnoy Law Firm
Globenewswire· 2025-10-23 17:59
Core Insights - The Portnoy Law Firm has initiated an investigation into potential securities fraud involving BellRing Brands, Inc. and may file a class action on behalf of investors [1][2] Company Overview - BellRing Brands operates in the convenient nutrition category, with primary brands including Premier Protein and Dymatize, offering ready-to-drink protein shakes and powders [3] - The company reported that Premier Protein achieved an all-time high in household penetration and strong demand, attributing growth to distribution expansion and promotional activity [3] Sales and Market Performance - There are concerns that the sales growth during the relevant period may have been artificially inflated due to temporary trade inventory loading at key retailers rather than sustainable consumer demand [3] - On May 5, 2025, BellRing disclosed that several key retailers had reduced their weeks of supply, which would negatively impact growth in Q3 2025, leading to a stock price drop of over 18% [4] - Following disappointing quarterly consumption results for Premier Protein RTD Shakes on August 4, 2025, the stock price fell nearly 33% [5]
Securities Fraud Investigation Into Western Alliance Bancorporation (WAL) Continues – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Globenewswire· 2025-10-23 17:18
Core Viewpoint - Western Alliance Bancorporation is under investigation for potential violations of federal securities laws following a lawsuit alleging fraud by a borrower, which has negatively impacted the company's stock price [1][2][3]. Group 1: Investigation Details - The investigation is being conducted by the Law Offices of Frank R. Cruz on behalf of investors [1]. - On October 16, 2025, Western Alliance disclosed a lawsuit against a borrower for fraud, claiming the borrower failed to provide collateral loans in first position [2]. - The lawsuit alleges that the borrower breached a business loan and security agreement by forging title policies related to the lien on properties underlying several loans [3]. Group 2: Market Impact - Following the news of the lawsuit, Western Alliance's stock price dropped by $8.52, or 10.81%, closing at $70.32 on October 16, 2025, resulting in losses for investors [3].
Securities Fraud Investigation Into Zions Bancorporation, National Association (ZION) Continues – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Globenewswire· 2025-10-23 17:12
Core Viewpoint - Zions Bancorporation is under investigation for potential violations of federal securities laws following the disclosure of misrepresentations and defaults related to commercial loans, leading to significant financial implications for the company and its investors [1][2]. Financial Impact - On October 15, 2025, Zions Bancorporation announced it would take a provision for approximately $60 million outstanding under two related loans and charge off $50 million of that amount due to identified misrepresentations and defaults by borrowers and guarantors [2]. - Following this announcement, Zions' stock price dropped by $7.10, or 13.14%, closing at $46.93 on October 16, 2025, resulting in financial losses for investors [2].
FLR INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Fluor Corporation Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Prnewswire· 2025-10-23 17:05
Core Viewpoint - Fluor Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding project costs and financial guidance during the class period from February 18, 2025, to July 31, 2025 [1][4]. Company Overview - Fluor Corporation provides engineering, procurement, construction, fabrication, modularization, and project management services, with notable infrastructure projects including the Gordie Howe International Bridge and various highways in Texas [3]. Allegations of the Lawsuit - The lawsuit alleges that Fluor failed to disclose increasing costs related to key infrastructure projects due to subcontractor design errors, price increases, and scheduling delays [4]. - It is claimed that these issues, along with reduced capital spending from customers and economic uncertainty, negatively impacted Fluor's business and financial results [4]. - The lawsuit also states that Fluor's financial guidance for fiscal year 2025 was deemed unreliable and that the effectiveness of its risk mitigation strategies was overstated [4]. Financial Performance - On August 1, 2025, Fluor reported second quarter 2025 non-GAAP earnings per share of $0.43, missing consensus estimates by $0.13, and revenue of $3.98 billion, which represented a 5.9% year-over-year decline and missed estimates by $570 million [5]. - Following the disappointing financial results, Fluor's stock price fell by more than 27% [5]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Fluor securities during the class period to seek appointment as lead plaintiff in the lawsuit [6]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [6].