Core Viewpoint - A class action lawsuit has been filed against Ibotta, Inc. for allegedly misleading investors during its IPO, particularly regarding the risks associated with its contract with Kroger [1][2]. Group 1: Allegations and Contract Issues - The lawsuit claims that Ibotta did not adequately inform investors about the at-will nature of its contract with Kroger, which could be terminated without notice [2]. - Ibotta's 2Q 2024 10-Q report allegedly failed to mention Kroger as a client, despite its inclusion in the Registration Statement [3]. Group 2: Stock Performance - Since its IPO, Ibotta's stock has significantly declined, trading well below the initial offering price of $88.00 per share [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must file their papers by June 16, 2025, to serve as lead plaintiff [4].

Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for allegedly misleading investors about its growth projections and sales performance during the specified period [1][2]. Allegations - Robbins LLP is investigating claims that Napco Security Technologies misrepresented its ability to meet fiscal 2026 growth projections, failing to disclose the true state of product demand forecasting and distributor negotiations [2]. - The complaint states that Napco made optimistic long-term projections while downplaying setbacks in hardware sales, which ultimately led to a decline in sales and failure to meet projections [2]. Financial Impact - On February 3, 2025, Napco announced disappointing financial results for Q2 of fiscal 2025, revealing a significant drop in hardware sales. Following this announcement, the stock price fell from $36.70 on January 31, 2024, to $26.93 on February 3, 2025, marking a decline of approximately 26.62% in one day [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by June 24, 2025. Participation in the case is not required to be eligible for recovery [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5].

Core Viewpoint - A class action lawsuit has been filed against Open Lending Corporation for allegedly misleading investors about its business prospects and financial performance [1][2]. Allegations - The lawsuit claims that Open Lending misrepresented the capabilities of its risk-based pricing models [2] - It is alleged that the company issued materially misleading statements regarding its profit share revenue [2] - The complaint states that Open Lending failed to disclose that its 2021 and 2022 vintage loans had significantly decreased in value compared to their outstanding loan balances [2] - Additionally, the company is accused of misrepresenting the underperformance of its 2023 and 2024 vintage loans [2] - The stock of Open Lending reportedly declined as a result of these misrepresentations [2] Next Steps for Shareholders - Shareholders may be eligible to participate in the class action against Open Lending Corporation [3] - Those interested in serving as lead plaintiff should contact Robbins LLP, as the lead plaintiff represents other class members in the litigation [3] - Shareholders can choose to remain absent from the case while still being eligible for recovery [3]

LOS ANGELES, May 1, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Landstar System, Inc. ("Landstar" or "the Company") (NASDAQ: LSTR) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Landstar admitted on April 2, 2025, that it had "identified a significant sup ...

Core Viewpoint - A class action lawsuit has been filed against Fluence Energy, Inc. for alleged violations of securities laws during the Class Period from October 28, 2021, to February 10, 2025, due to misleading statements regarding the company's business and financial condition [1][3]. Group 1: Company Overview - Fluence Energy, Inc. is a global provider of battery-based energy storage products and services, as well as AI-enabled digital applications for renewable energy storage [2]. - The company was established in 2018 as a joint venture between AES and Siemens Industry, Inc., and went public in October 2021 [2]. Group 2: Allegations in the Lawsuit - The lawsuit alleges that Fluence made false and misleading statements by failing to disclose significant issues with its energy storage products, including defective design and installation problems [3]. - It is claimed that Fluence did not adequately address known product defects and installation errors, nor did it honor warranty obligations to customers [3]. - The efficacy and safety of Fluence's products, as well as the company's ability to deliver projects satisfactorily, were allegedly overstated, leading to inflated financial metrics such as adjusted EBITDA and gross profit margins [3]. Group 3: Impact on Stock Price - Following the revelation of these deficiencies, Fluence's stock price fell over 80%, dropping from more than $39 per share to approximately $6 per share [4].

Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for allegedly misleading investors about its growth projections and sales performance during the specified period [1][2]. Group 1: Allegations and Financial Performance - Robbins LLP is investigating claims that Napco Security Technologies misled investors regarding its ability to meet fiscal 2026 growth projections, failing to disclose the true state of demand forecasting and distributor negotiations [2]. - The complaint highlights that Napco made optimistic long-term projections while downplaying setbacks in hardware sales, which ultimately led to a decline in sales and failure to meet projections [2]. - On February 3, 2025, Napco announced disappointing financial results for Q2 of fiscal 2025, revealing a significant reduction in hardware sales, causing its stock price to drop approximately 26.62% from $36.70 on January 31, 2024, to $26.93 on February 3, 2025 [3]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must file their papers by June 24, 2025, with the lead plaintiff representing other class members in the litigation [4]. - Shareholders are not required to participate in the case to be eligible for recovery and can remain absent class members if they choose not to take action [4]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5]. - The firm has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].

Core Viewpoint - A class action has been filed against Rocket Lab USA, Inc. for allegedly misleading investors regarding its business prospects during a specific period [1][2]. Allegations - The complaint alleges that Rocket Lab failed to disclose significant delays in its plans for three barge landing tests [2]. - A critical potable water issue was not scheduled to be resolved until January 2026, which impacted the launch pad preparation [2]. - Due to these issues, there was a substantial risk that Rocket Lab's Neutron rocket would not launch as planned in mid-2025 [2]. - The only contract for the Neutron rocket was made at a discount with an unreliable partner [2]. - As a result of these factors, the positive statements made by the defendants about the company's business and prospects were materially misleading [2]. Stock Price Impact - Following the revelation of these issues on February 25, 2025, Rocket Lab's stock price dropped by $2.21, or 9.8%, closing at $20.28 per share [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers with the court by April 28, 2025 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Company Background - Robbins LLP is recognized for its leadership in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].

Group 1 - A class action has been filed against NET Power Inc. on behalf of investors who purchased securities between June 9, 2023, and March 7, 2025 [1] - The allegations include that NET Power misled investors about the timeline and costs associated with Project Permian, indicating that the project would be delayed and more expensive than previously stated due to supply chain issues and other challenges [2] - Following the announcement of third quarter 2023 results, NET Power's stock fell over 18% after revealing a 12-month delay in the expected schedule for Project Permian [3] Group 2 - On March 10, 2025, NET Power disclosed that the total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, significantly higher than the previous estimate of $1.1 billion, and announced a delay in the project's timeline to no earlier than 2029 [4] - The company reported a decrease in cash and cash equivalents from $580 million to $533 million, primarily due to operating cash outflows and capital expenditures [4] - Following the fourth quarter and full year 2024 results announcement, NET Power's stock price fell over 31% to close at $4.75 per share [4]

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. for allegedly misleading investors about its growth potential and revenue forecasts during a specified period [1][2]. Summary by Sections Allegations - The complaint claims that during the class period, Manhattan Associates provided investors with optimistic information regarding its expected revenue for fiscal year 2025, including confidence in forecasting despite macroeconomic challenges and the growth potential of its professional services [2]. - It is alleged that the company failed to disclose its actual capability to deliver responsible growth targets, suggesting that either the company was not equipped to meet these targets or its services were inadequate [2]. Financial Results and Stock Impact - On January 28, 2024, Manhattan Associates released its financial results for Q4 and the full fiscal year 2024, along with a reduced revenue guidance for fiscal year 2025, attributing this to a shift in professional services work and reduced customization [3]. - Following this announcement, the stock price fell from $295.10 per share on January 28, 2025, to $222.84 per share on January 29, 2025, marking a decline of over 24% [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Manhattan Associates, with a deadline to file as lead plaintiff by April 28, 2025 [4]. - Shareholders can choose to remain absent from the case while still being eligible for recovery [4]. Company Background - Robbins LLP is noted as a leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].

SAN DIEGO, April 21, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all persons who purchased or otherwise acquired Zenas BioPharma, Inc. (NASDAQ: ZBIO) securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Zenas BioPharma's September 2024 initial public offering. Zenas BioPharma purports to be a “clinical stage global biopharmaceutical company committed to being a leader in the development a ...