Workflow
Securities Class Action
icon
Search documents
SDM Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Smart Digital Group Limited Securities Class Action
Prnewswire· 2026-01-15 01:52
Core Viewpoint - A class action has been filed against Smart Digital Group Limited (NASDAQ: SDM) on behalf of investors who acquired its securities between May 5, 2025, and September 26, 2025, due to allegations of market manipulation and fraudulent promotion schemes [1][2]. Allegations - The complaint alleges that insiders facilitated a market manipulation scheme involving misinformation on social media and impersonators posing as financial professionals [2]. - It is claimed that insiders used offshore or nominee accounts to coordinate the dumping of shares during a price inflation campaign [2]. - SDM's public statements and risk disclosures reportedly omitted any mention of the risks associated with fraudulent trading or market manipulation that could affect the company's stock price [2]. - As a result of these actions, SDM securities faced a unique risk of suspension in trading by the SEC and NASDAQ [2]. Stock Price Collapse - On September 26, 2025, SDM's stock price fell by 86.4%, closing at $1.85 per share, following a trading halt by NASDAQ due to volatility [3]. - The SEC suspended trading in SDM securities from September 29, 2025, to October 10, 2025, citing potential manipulation through social media recommendations designed to artificially inflate the stock price [3]. - NASDAQ also suspended trading in SDM securities on October 11, 2025, pending further information [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Smart Digital Group Limited, with a deadline to submit papers to serve as lead plaintiff by March 16, 2026 [4]. - Shareholders do not need to participate in the case to be eligible for recovery and can remain absent class members if they choose [4].
BBWI Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Securities Class Action Against Bath & Body Works, Inc.
Prnewswire· 2026-01-14 22:34
Core Viewpoint - A class action has been filed against Bath & Body Works, Inc. for allegedly misleading investors regarding its business strategy and financial performance during a specified period [1][2]. Group 1: Allegations and Financial Performance - The complaint alleges that Bath & Body Works did not disclose that its strategy of pursuing "adjacencies, collaborations and promotions" was failing to grow its customer base and was not delivering the expected growth in net sales [2]. - The company reported disappointing third quarter 2025 results, with a revenue decline of 1% year over year, missing the guidance of 1-3% growth, and a net income drop of 26% to $77 million [3]. - Following the release of these results, Bath & Body Works cut its full-year guidance for net sales and reduced expected earnings per diluted share from $3.28 to "at least $2.83" [3]. Group 2: Strategic Changes - In an investor presentation, Bath & Body Works acknowledged that its previous strategy had not grown its total customer base and admitted to an over-reliance on promotions to drive growth [3]. - The company announced plans to exit certain adjacencies and refocus on its core categories to improve performance [3]. Group 3: Market Reaction - On November 20, 2025, following the disappointing financial results and strategic announcements, Bath & Body Works' stock price fell by $5.22, or 24.8%, closing at $15.82 per share [4].
FRMI INVESTOR ALERT: Hagens Berman Notifies Fermi Inc. (FRMI) Investors of March 6 Deadline in Project Matador Securities Class Action
Globenewswire· 2026-01-14 15:55
Core Viewpoint - Hagens Berman is notifying investors about a securities class action against Fermi Inc. regarding misleading information related to tenant demand and funding for its "Project Matador" AI campus [1][5]. Group 1: Class Action Details - The lead plaintiff deadline for the class action is set for March 6, 2026 [4]. - The class period for the lawsuit is from October 1, 2025, to December 11, 2025 [4]. - The core allegation involves overstated tenant demand and undisclosed risks associated with the primary anchor tenant [4][8]. Group 2: Stock Price Impact - Following the termination of the $150 million Advance in Aid of Construction Agreement by the First Tenant, Fermi's stock price dropped by 33.8% in a single day, closing at $10.09 per share, which is over 50% below its IPO price of $21.00 [6][9]. Group 3: Project Matador Overview - Fermi's "Project Matador" is described as a multi-gigawatt energy and data center development aimed at supporting the growing needs of AI [5]. - The company had previously highlighted an agreement with an investment-grade "First Tenant" as part of its IPO materials [5].
ROSEN, SKILLED INVESTOR COUNSEL, Encourages Varonis Systems, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action –VRNS
Globenewswire· 2026-01-13 23:42
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Varonis Systems, Inc. securities, claiming that the company made materially false and misleading statements regarding its business operations and growth potential during the specified class period from February 4, 2025, to October 28, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit alleges that Varonis was unable to maintain its Annual Recurring Revenue (ARR) projections while transitioning existing on-prem customers to a software-as-a-service (SaaS) model [5]. - It is claimed that Varonis lacked the capability to persuade existing users to convert to the SaaS offering, leading to a significant reduction in near-term ARR growth potential [5]. - The lawsuit asserts that the positive statements made by Varonis regarding its business and prospects were materially misleading and lacked a reasonable basis, resulting in investor damages when the truth was revealed [5]. Group 2: Participation Information - Investors who purchased Varonis securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the court by March 9, 2026, to represent other class members in the litigation [1][3].
STUB 10-DAY DEADLINE ALERT: Hagens Berman Notifies StubHub Holdings, Inc. (STUB) Investors of Jan. 23 Deadline in IPO Securities Class Action Investigation
Globenewswire· 2026-01-13 21:23
SAN FRANCISCO, Jan. 13, 2026 (GLOBE NEWSWIRE) -- National shareholder rights firm Hagens Berman is notifying investors in StubHub Holdings, Inc. (NYSE: STUB) of the upcoming January 23, 2026, lead plaintiff deadline in a pending securities class action. The firm is investigating whether StubHub’s September 2025 Initial Public Offering (IPO) documents failed to disclose critical known trends that resulted in a 143% collapse in free cash flow, as alleged in the pending suit. CLICK HERE TO SUBMIT YOUR STUBHUB ...
ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Varonis Systems, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action -VRNS
Prnewswire· 2026-01-13 00:32
Core Viewpoint - A class action lawsuit has been filed against Varonis Systems, Inc. for allegedly making materially false and misleading statements regarding its business operations and growth potential during the specified Class Period from February 4, 2025, to October 28, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Varonis was unable to maintain its Annual Recurring Revenue (ARR) projections while transitioning existing on-prem customers to a software-as-a-service (SaaS) model [5]. - It is alleged that Varonis lacked the capability to persuade existing users to convert to the SaaS offering, leading to a significant reduction in near-term ARR growth potential [5]. - The lawsuit asserts that the positive statements made by Varonis regarding its business and prospects were materially misleading and lacked a reasonable basis, resulting in investor damages when the truth was revealed [5]. Group 2: Participation Information - Investors who purchased Varonis securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the court by March 9, 2026, to represent other class members in the litigation [1][3].
SFM IMPORTANT DEADLINE: ROSEN, A LONGSTANDING LAW FIRM, Encourages Sprouts Farmers Market, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SFM
Globenewswire· 2026-01-12 21:31
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities or sold put options of Sprouts Farmers Market, Inc. during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who purchased Sprouts securities or sold put options between June 4, 2025, and October 29, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by January 26, 2026 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. Group 3: Case Background - The lawsuit alleges that Sprouts' management provided misleading information regarding the company's growth potential for fiscal year 2025, claiming resilience in customer base despite macroeconomic pressures [5]. - It is claimed that the defendants concealed material adverse facts, leading to a significant slowdown in sales growth when the true details became public, resulting in investor damages [5].
LRN DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Stride, Inc. Investors to Secure Counsel Before Important January 12 Deadline in Securities Class Action – LRN
Globenewswire· 2026-01-09 22:28
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Stride, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - The Class Period for the Stride securities is from October 22, 2024, to October 28, 2025, and the lead plaintiff deadline is January 12, 2026 [1] - Investors who purchased Stride securities during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may lack the necessary experience and resources [3] - Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company and has recovered hundreds of millions for investors [3] Group 3: Allegations Against Stride, Inc. - The lawsuit alleges that Stride made misleading statements regarding its products and services, inflating enrollment numbers, cutting staff costs excessively, and ignoring compliance requirements [4] - The misleading information led to damages for investors when the true situation was revealed [4]
Investor Notice: Robbins LLP Informs Investors of the Varonis Systems, Inc. Securities Class Action
Businesswire· 2026-01-07 22:55
Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Varonis Systems, Inc. (NASDAQ: VRNS) securities between February 5, 2025, and October 28, 2025, alleging that the company misled investors regarding its business prospects and revenue outlook [1][2]. Group 1: Allegations and Misleading Information - The lawsuit claims that Varonis created a false impression of having reliable information about its projected revenue and growth while downplaying risks associated with seasonality and macroeconomic factors [2]. - It is alleged that Varonis' optimistic reports regarding growth and cost-cutting measures did not reflect the reality of its sales team's effectiveness in converting existing clients to its SaaS offerings [2]. Group 2: Financial Impact - On October 28, 2025, Varonis released third-quarter results that fell short of prior projections and subsequently lowered its full-year guidance, leading to a significant decline in stock price [3]. - Following the announcement, Varonis' stock price plummeted from $63.00 per share to $32.34 per share on October 29, 2025, marking a decline of approximately 48.67% in just one day [3].
FRMI BREAKING NEWS: Fermi Inc. Announces Cancellation of $150 million Customer Agreement Triggering Securities Class Action after Stock Drops Over 33% -- Investors Urged to Contact BFA Law
Businesswire· 2026-01-07 13:17
Core Viewpoint - Fermi Inc. has announced the cancellation of a $150 million customer agreement, which has led to a significant drop in its stock price by over 33% [1] Group 1 - The cancellation of the customer agreement is a major event for Fermi Inc., indicating potential challenges in securing future contracts [1] - The stock price decline reflects investor concerns regarding the company's financial stability and future growth prospects following this cancellation [1] - The situation has triggered a securities class action, suggesting that investors may seek legal recourse due to the stock's sharp decline [1]