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SHAREHOLDER ALERT: Bernstein Liebhard LLP Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Freeport-McMoran Inc. (NYSE: FCX)
Globenewswire· 2025-12-03 17:45
NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, announces that a complaint was filed in the United States District Court for the District of Arizona on behalf of investors (the “Class”) who purchased or acquired the securities of Freeport-McMoran Inc. (“Freeport” or the “Company”) (NYSE: FCX) between February 15, 2022 and September 24, 2025, inclusive, alleging violations of the Securities Exchange Act of 1934 against the Company and certa ...
Robbins Geller Rudman & Dowd LLP Announces that Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (FUN) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-12-03 17:00
Core Viewpoint - The article discusses a class action lawsuit against Six Flags Entertainment Corporation, alleging that the company and its executives violated the Securities Act of 1933 by failing to disclose significant financial issues prior to a merger with Cedar Fair, L.P. [1] Group 1: Lawsuit Details - The class action lawsuit is titled "City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation" and is filed in the Northern District of Ohio [1] - Purchasers of Six Flags common stock related to the merger have until January 5, 2026, to seek appointment as lead plaintiff [1] - The lawsuit claims that the registration statement for the merger did not reveal that Legacy Six Flags had chronic underinvestment and required millions in additional capital to maintain its market position [1] Group 2: Financial Impact - On the merger closing date, July 1, 2024, Six Flags stock was trading above $55 per share, but it subsequently fell to as low as $20 per share, representing a decline of nearly 64% [1] - The lawsuit alleges that the company's operational competence and guest experience were degraded due to cost-cutting measures implemented by CEO Selim Bassoul after he took over in November 2021 [1] Group 3: Legal Representation - The plaintiffs are represented by Robbins Geller Rudman & Dowd LLP, a law firm known for its experience in prosecuting investor class actions and securities fraud cases [1] - Robbins Geller has secured over $2.5 billion for investors in securities-related class action cases in 2024, highlighting its significant role in investor protection [1]
PRGO INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Perrigo Company plc Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-12-03 15:55
Core Viewpoint - The article discusses a class action lawsuit against Perrigo Company plc, alleging violations of the Securities Exchange Act of 1934 due to misleading statements and undisclosed issues related to its acquisition of Nestlé's infant formula business [1][2]. Company Overview - Perrigo Company plc is involved in providing over-the-counter health and wellness solutions [1]. - The company acquired Nestlé's Gateway infant formula plant and the rights to the Good Start® brand for $170 million in November 2022 [1]. Allegations and Financial Impact - The lawsuit claims that Perrigo's executives made false statements regarding the condition of the acquired infant formula business, which suffered from underinvestment and significant operational deficiencies [1]. - On February 27, 2024, Perrigo disclosed additional costs of $35 million to $45 million for remediation, leading to a 50% decline in earnings per share compared to the previous year [1]. - Following further disclosures, Perrigo's stock price fell over 15% on February 27, 2024, nearly 10% on May 7, 2024, and more than 11% on August 6, 2025, due to ongoing issues with the infant formula business [1]. - On November 5, 2025, Perrigo announced a strategic review of its infant formula business and revised its fiscal year 2025 outlook, resulting in a stock price drop of over 25% [1]. Legal Process - Investors who purchased Perrigo securities during the class period (February 27, 2023, to November 4, 2025) can seek appointment as lead plaintiff in the class action lawsuit [1]. - The lead plaintiff will represent the interests of all class members and can select a law firm to litigate the case [1].
LRN NEWS: Stride, Inc. Sued for Securities Fraud after Stock Plummets 50% -- Investors Notified to Contact BFA Law by January 12 Deadline
Globenewswire· 2025-12-03 12:47
Core Points - A class action lawsuit has been filed against Stride, Inc. and its senior executives for securities fraud following significant stock drops due to potential violations of federal securities laws [1][2] - Investors have until January 12, 2026, to seek appointment as lead plaintiffs in the case, which is pending in the U.S. District Court for the Eastern District of Virginia [2] Company Overview - Stride, Inc. is an education technology company that provides an online platform for students across the U.S. [3] - The company previously claimed to experience "increasing growth" and "in-year strength in demand" for its products and services [3] Allegations - The lawsuit alleges that Stride inflated enrollment numbers by retaining "ghost students," failed to comply with employee background checks and licensure laws, and provided a "poor customer experience" leading to higher withdrawal rates and lower conversion rates [3][4] - Stride's admission of poor customer experience resulted in an estimated 10,000-15,000 fewer enrollments, leading to a muted outlook compared to previous years [5] Stock Performance - Following the fraud allegations reported on September 14, 2025, Stride's stock dropped by $18.60, or over 11%, from $158.36 to $139.76 per share [4] - After Stride's admission of poor customer experience on October 28, 2025, the stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share [5]
JHX NEWS: James Hardie Industries plc Sued for Securities Fraud after Stock Plummets 34% -- Investors Notified to Contact BFA Law by December 23 Deadline
Globenewswire· 2025-12-03 12:46
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc and certain senior executives for securities fraud following a significant stock drop due to potential violations of federal securities laws [1][3]. Company Overview - James Hardie Industries plc is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [4]. Allegations and Stock Performance - The lawsuit claims that James Hardie misrepresented the strength and momentum of its North American fiber cement segment, asserting that sales were driven by sustainable customer demand rather than inventory loading by channel partners [5]. - On August 19, 2025, James Hardie disclosed a 12% decline in North American fiber cement sales, attributed to destocking efforts by customers, leading to a stock price drop of over 34%, from $28.43 to $18.64 per share [6]. Legal Proceedings - Investors have until December 23, 2025, to request to lead the case in the U.S. District Court for the Northern District of Illinois, with the case titled Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, et al. [3]. Management Changes - On November 17, 2025, it was announced that Rachel Wilson would step down from her role as CFO of James Hardie [7].
FCX NEWS: Freeport-McMoRan Inc. Sued for Securities Fraud after Stock Plummets 25% -- Investors Notified to Contact BFA Law by January 12 Deadline
Globenewswire· 2025-12-03 12:46
NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Freeport-McMoRan Inc. (NYSE: FCX) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Freeport, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/freeport-mcmoran-inc-clas ...
ATYR Deadline: ATYR Investors with Losses Have Opportunity to Lead aTyr Pharma, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-12-03 01:37
Core Points - Rosen Law Firm is reminding purchasers of aTyr Pharma, Inc. common stock about the lead plaintiff deadline for a class action lawsuit, which is December 8, 2025 [1][3] - Investors who purchased aTyr Pharma stock during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] Company Details - The lawsuit claims that aTyr Pharma provided misleading statements regarding the efficacy of its drug Efzofitimod, particularly concerning its ability to allow patients to taper steroid usage completely [5] - The firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]
AVTR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Avantor, Inc. Investors
Businesswire· 2025-12-03 01:00
AVTR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Avantor, Inc. Investors Share NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Avantor, Inc. ("Avantor†or the "Company†) (NYSE:AVTR) securities during the period of March 5, 2024 through October 28, 2025, inclusive ("the Class Period†). If you suffered a loss on your Avantor investments, you have until Decemb ...
PRMB Lawsuit: Primo Brands Investors Must Act by Jan. 12 Deadline over Botched Merger, CEO Exit – Hagens Berman
Globenewswire· 2025-12-03 00:01
Core Viewpoint - The lawsuit against Primo Brands Corporation alleges that the company misled investors regarding the successful integration of its merger, which was actually fraught with significant operational issues, leading to a substantial decline in stock value [2][4][9]. Allegations and Facts - The lawsuit claims that executives of Primo Brands assured investors that the merger was progressing well and would enhance growth, despite the existence of undisclosed technological and service problems [4][9]. - The situation escalated when, on November 6, 2025, the company announced a leadership change, including the replacement of its CEO, and acknowledged that they had "probably moved too far too fast" in the integration process, confirming operational failures [5][9]. - Following this disclosure, the stock price plummeted by approximately 36%, reflecting the market's reaction to the revealed extent of the company's operational issues and the need to revise revenue forecasts for 2025 [5][9]. Legal Context - The class action lawsuit is focused on whether Primo Brands violated federal securities laws by making false or misleading statements that inflated its stock price during the class period, which spans from June 17, 2024, to November 6, 2025 [6][9]. - Investors who purchased securities of Primo Brands or its predecessor during the class period and experienced losses may be eligible to serve as Lead Plaintiff, with a deadline for filing set for January 12, 2026 [7][9].
DEFT ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of DeFi Technologies Investors
Businesswire· 2025-12-02 23:00
Core Viewpoint - A class action lawsuit has been filed against DeFi Technologies on behalf of investors who acquired its securities during the specified class period, alleging misleading statements and failure to disclose critical business challenges [1][2]. Summary by Sections Lawsuit Details - The lawsuit claims that DeFi Technologies faced delays in executing its DeFi arbitrage strategy, which was a key revenue driver [2]. - It is alleged that the company understated the competition from other digital asset treasury companies, impacting its ability to execute its strategy [2]. - The lawsuit also states that DeFi was unlikely to meet its previously issued revenue guidance for fiscal year 2025 due to these issues [2]. Financial Impact - On November 6, 2025, DeFi reported a decline in share price by approximately 7.43%, dropping from $1.75 to $1.62 following a press release about arbitrage trade delays [3]. - On November 14, 2025, DeFi announced a nearly 20% revenue decline, significantly lowering its 2025 revenue forecast from $218.6 million to approximately $116.6 million, attributing this to delays in executing arbitrage opportunities [4]. - Following this announcement, DeFi's share price fell by approximately 14.63%, from $1.23 to $1.05 [4]. Investor Actions - Investors who suffered losses on their DeFi investments have until January 20, 2026, to request lead plaintiff appointment in the class action lawsuit [2][5]. - The lead plaintiff appointment process allows investors with the largest financial loss to represent the class, influencing case strategy and settlement decisions [5].