Securities Fraud

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Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Bitfarms Ltd.(BITF) Shareholders
Prnewswire· 2025-07-01 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Bitfarms Ltd. alleging securities fraud that affected investors between March 21, 2023, and December 9, 2024 [1]. Group 1: Allegations of Fraud - The lawsuit claims that Bitfarms had inadequate internal controls over financial reporting [2]. - It is alleged that the company misclassified proceeds from the sale of digital assets, categorizing them as cash flow from operating activities instead of investing activities [2]. - The complaint states that Bitfarms overstated its remediation efforts regarding material weaknesses in its internal controls related to the classification of 2021 Warrants [2]. - These errors purportedly led to misstatements in several of the company's previously issued financial statements, which may need to be restated [2]. - As a result, the public statements made by the company were deemed materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Bitfarms Ltd. during the specified timeframe have until July 8, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
Organon & Co. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - OGN
Prnewswire· 2025-07-01 13:00
NEW YORK, July 1, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Organon & Co. ("Organon" or the "Company") (NYSE: OGN) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Organon investors who were adversely affected by alleged securities fraud between October 31, 2024 and April 30, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/organon-co-lawsuit-submission-form?pri ...
DoubleVerify Holdings, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before July 21, 2025 to Discuss Your Rights - DV
Prnewswire· 2025-07-01 13:00
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (a) DoubleVerify's customers were shifting their ad spending from open exchanges to closed platforms, where the Company's technological capabilities were limited and competed directly with native tools provided by platforms like Meta Platforms and Amazon; (b) DoubleVerify's ability to monetize on its Activation Services was limited because the development of its technology for closed platforms was signific ...
Levi & Korsinsky Notifies Compass Group Diversified Holdings, LLC Investors of a Class Action Lawsuit and Upcoming Deadline - CODI
Prnewswire· 2025-07-01 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Compass Group Diversified Holdings, LLC, alleging securities fraud that affected investors between February 24, 2022, and May 7, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Compass Diversified failed to disclose effective internal controls over financial reporting and critical information regarding its subsidiary, Lugano Holding, Inc., which had undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2]. - On May 7, 2025, Compass announced that its financial statements for fiscal 2024 could no longer be relied upon due to an internal investigation into Lugano, leading to a significant drop in stock price from $17.25 to $6.55 per share [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until July 8, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4].
Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Digimarc Corporation (DMRC) Shareholders
Prnewswire· 2025-07-01 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Digimarc Corporation, alleging securities fraud that affected investors between May 3, 2024, and February 26, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Digimarc's management made false statements regarding a significant commercial partner's contract renewal, which would not occur on the same terms [2]. - It is alleged that due to this non-renewal, Digimarc would need to renegotiate the large commercial contract, negatively impacting the company's subscription revenue and annual recurring revenue [2]. - The defendants' positive statements about Digimarc's business and prospects are claimed to be materially misleading or lacking a reasonable basis [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until July 7, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]. - The firm has extensive expertise in complex securities litigation, supported by a team of over 70 employees [4].
Rocket Companies, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before July 8, 2025 to Discuss Your Rights - RKT
Prnewswire· 2025-07-01 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Rocket Companies, Inc. due to alleged securities fraud affecting investors between March 29, 2021, and April 1, 2021 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Rocket's gain on sale margins were contracting at the highest rate in two years due to increased competition among mortgage lenders and a shift towards lower margin segments [2]. - It is alleged that Rocket was engaged in a price war with competitors in the wholesale market, further compressing margins in its Partner Network operating segment [2]. - The complaint states that adverse trends were accelerating, with Rocket's gain on sale margins expected to drop by at least 140 basis points in the first half of 2021 [2]. - The favorable market conditions that previously allowed Rocket to achieve high gain on sale margins had disappeared, returning to levels not seen since Q1 2019 [2]. - The company's gain-on-sale margins had fallen materially below recent historical averages, contradicting positive statements made by the defendants about the company's operations and prospects [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the relevant time frame have until July 8, 2025, to request to be appointed as lead plaintiff, although participation does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4].
BRBR Investigation Reminder: Kessler Topaz Meltzer & Check, LLP Encourages BellRing Brands, Inc. (NYSE: BRBR) Investors with Significant Losses to Contact the Firm
GlobeNewswire News Room· 2025-06-30 21:27
RADNOR, Pa., June 30, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of BellRing Brands, Inc. (NYSE: BRBR) (“BellRing Brands”). On May 6, 2025, during its second quarter 2025 earnings call, BellRing Brands revealed that certain customers were now choosing to "optimize" their inventories by lowering "their weeks of supply on hand." As a result, BellRing Brands disc ...
SRPT Investors Have Opportunity to Lead Sarepta Therapeutics, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Prnewswire· 2025-06-30 20:17
Core Viewpoint - A class action lawsuit has been filed against Sarepta Therapeutics, Inc. for alleged violations of securities laws, specifically related to misleading statements about its ELEVIDYS therapy and revenue outlook [1][4]. Group 1: Lawsuit Details - The lawsuit is based on allegations that Sarepta made false and misleading statements regarding the safety and approval potential of its ELEVIDYS therapy [4]. - Investors who purchased Sarepta's securities between June 22, 2023, and June 24, 2025, are encouraged to participate in the class action before the deadline of August 25, 2025 [2]. - The class has not yet been certified, meaning that potential class members are not currently represented by an attorney [3]. Group 2: Impact on Investors - The misleading statements led investors to believe in a strong growth potential for the ELEVIDYS therapy, which ultimately resulted in financial damages when the truth was revealed [4]. - The Schall Law Firm specializes in securities class action lawsuits and aims to represent investors seeking to recover losses incurred due to the alleged misconduct [5].
Investors who lost money on Reddit, Inc.(RDDT) should contact Levi & Korsinsky about pending Class Action - RDDT
GlobeNewswire News Room· 2025-06-30 19:49
Core Viewpoint - A class action securities lawsuit has been filed against Reddit, Inc. alleging securities fraud that negatively impacted investors between October 29, 2024, and May 20, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements regarding the impact of changes in Google Search's algorithm, which led to a significant reduction in traffic to Reddit [2]. - It is alleged that the defendants were aware that users were finding answers directly on Google Search, leading to a decrease in visits to Reddit, contrary to their public statements about user engagement and advertising revenue [2]. - The complaint asserts that the defendants lacked a reasonable basis for their outlook on user rates and advertising revenues, rendering their public statements materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until August 18, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members, allowing them to potentially receive compensation without financial obligation [3]. Group 3: Firm Background - Levi & Korsinsky, LLP 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 as one of the top securities litigation firms in the United States for seven consecutive years, indicating its expertise in handling complex cases [4].
Contact Levi & Korsinsky by July 15, 2025 Deadline to Join Class Action Against Krispy Kreme, Inc. (DNUT)
GlobeNewswire News Room· 2025-06-30 19:48
NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Krispy Kreme, Inc. ("Krispy Kreme, Inc." or the "Company") (NASDAQ: DNUT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Krispy Kreme, Inc. investors who were adversely affected by alleged securities fraud between February 25, 2025 and May 7, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/krisp ...