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Class Action Reminder for FTNT Investors: Kessler Topaz Meltzer & Check, LLP Reminds Fortinet, Inc. (FTNT) Investors of Securities Fraud Class Action Lawsuit
Globenewswire· 2025-10-10 14:03
Core Viewpoint - A securities class action lawsuit has been filed against Fortinet, Inc. for allegedly making false and misleading statements regarding its business operations and product refresh cycle during the specified Class Period from November 8, 2024, to August 6, 2025 [1][2]. Allegations Against Fortinet - The lawsuit claims that Fortinet misrepresented the profitability of its product refresh cycle, stating it would be more lucrative than it actually was, as it involved older products that constituted only a small percentage of the company's business [2]. - It is alleged that Fortinet did not accurately disclose the number of FortiGate firewalls eligible for upgrades, leading to misleading statements about the company's operational capabilities [2]. - The complaint asserts that Fortinet misled investors by claiming that the refresh would gain momentum over two years, while in reality, the company had pushed through about half of the refresh in just a few months by the end of the second quarter of 2025 [2]. - As a result of these actions, the statements made by Fortinet regarding its business, operations, and future prospects were materially false and lacked a reasonable basis [2]. Lead Plaintiff Process - Investors in Fortinet have until November 21, 2025, to seek appointment as a lead plaintiff representative in the class action, which involves directing the litigation on behalf of all class members [3]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case and must be adequate and typical of the proposed class [3]. Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [4].
Fortinet, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before November 21, 2025 to Discuss Your Rights - FTNT
Prnewswire· 2025-10-10 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Fortinet, Inc. for alleged securities fraud affecting investors between November 8, 2024, and August 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Fortinet's management made false statements regarding the refresh cycle of their products, suggesting it would be more profitable than it actually was, as it involved old products that represented only a "small percentage" of the company's business [2]. - It is alleged that Fortinet misrepresented the number of FortiGate firewalls eligible for upgrades and falsely indicated that the refresh would gain momentum over two years, while in reality, they pushed through about half of the refresh in just a few months by the end of Q2 2025 [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 21, 2025, to request to be appointed as lead plaintiff in the lawsuit, 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, and there is 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 United States for seven consecutive years [4].
V.F. Corporation Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before November 12, 2025 to Discuss Your Rights - VFC
Prnewswire· 2025-10-10 13:00
Core Viewpoint - V.F. Corporation is facing a class action securities lawsuit due to alleged securities fraud that affected investors between October 30, 2023, and May 20, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that V.F. Corporation made materially false and misleading statements regarding its turnaround plans, particularly concerning the Vans brand, which required significant reset actions to return to growth [2] - On May 21, 2025, V.F. Corporation reported a significant decline in Vans' growth trajectory, with losses worsening from an 8% decline in the previous quarter to a 20% decline in the fourth quarter [2] - The company attributed its disappointing results and below-expectation guidance to deliberate revenue reductions aimed at eliminating unprofitable businesses, indicating that even without these actions, Vans would have experienced a "high single digit" revenue decline [2] Group 2: Stock Price Impact - Following the negative news on May 21, 2025, V.F. Corporation's stock price dropped from $14.43 per share to $12.15 per share, marking a decline of approximately 15.8% in one day [2] Group 3: Next Steps for Investors - Investors who suffered losses during the relevant timeframe have until November 12, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 4: Firm Background - Levi & Korsinsky 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]
UNCY LAWSUIT ALERT: Levi & Korsinsky Notifies Unicycive Therapeutics, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
Prnewswire· 2025-10-10 13:00
Core Points - A class action securities lawsuit has been filed against Unicycive Therapeutics, Inc. for alleged securities fraud affecting investors between March 29, 2024, and June 27, 2025 [1][2] - The lawsuit claims that Unicycive overstated its readiness to meet FDA manufacturing compliance requirements and the regulatory prospects of its oxylanthanum carbonate new drug application [2] - Investors who suffered losses during the specified period have until October 14, 2025, to request to be appointed as lead plaintiff, with no out-of-pocket costs to participate [3] Company 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 in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4]
Levi & Korsinsky Notifies Shareholders of KinderCare Learning Companies, Inc.(KLC) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-10-10 13:00
Core Points - A class action securities lawsuit has been filed against KinderCare Learning Companies, Inc. for alleged securities fraud affecting investors [1][2] - The lawsuit is on behalf of all purchasers of KinderCare common stock in or traceable to the Company's October 2024 initial public offering [2] - The complaint alleges that KinderCare concealed incidents of child abuse and neglect, failed to provide quality care, and was exposed to undisclosed risks of lawsuits and reputational damage [3] Case Details - The lawsuit claims that KinderCare did not meet minimum standards in the child care industry and violated laws governing child care [3] - Allegations include numerous incidents of child abuse and neglect occurring at KinderCare facilities [3] - As a result of these issues, KinderCare faced material risks including lawsuits, regulatory actions, and business losses [3] Next Steps - Investors who suffered losses in KinderCare Learning Companies, Inc. have until October 14, 2025, to request to be appointed as lead plaintiff [4] - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no costs for class members [4] Firm Background - Levi & Korsinsky has a history of securing significant recoveries for shareholders and is recognized as a top securities litigation firm in the United States [5] - The firm has over 70 employees dedicated to serving clients in complex securities litigation [5]
Savara Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - SVRA
Prnewswire· 2025-10-10 13:00
Core Viewpoint - Savara Inc. is facing a class action securities lawsuit due to alleged securities fraud that affected investors between March 4, 2024, and May 23, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Savara Inc. made false statements regarding the MOLBREEVI Biologics License Application (BLA) for the treatment of pulmonary alveolar proteinosis, indicating that it lacked sufficient information on its chemistry, manufacturing, and controls [2]. - It is alleged that the FDA was unlikely to approve the MOLBREEVI BLA in its current form, which would delay Savara's submission timeline and increase the need for additional capital [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until November 7, 2025, to request appointment as lead plaintiff, although participation does not require this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, ensuring no financial obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].
Shareholders of PubMatic, Inc. Should Contact Levi & Korsinsky Before October 20, 2025 to Discuss Your Rights - PUBM
Prnewswire· 2025-10-10 13:00
Core Viewpoint - A class action securities lawsuit has been filed against PubMatic, Inc. for alleged securities fraud affecting investors between February 27, 2025, and August 11, 2025 [1][2]. Group 1: Lawsuit Details - The complaint alleges that defendants made false statements and concealed information regarding a significant shift of clients from a top demand side platform buyer to a new platform, which evaluated inventory differently [2]. - As a result of this shift, PubMatic experienced a reduction in ad spend and revenue from this buyer, leading to misleading positive statements about the Company's business and prospects [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until October 20, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as 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 has a 20-year history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Lost Money on Snap Inc.(SNAP)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
Prnewswire· 2025-10-10 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Snap Inc. due to alleged securities fraud that negatively impacted investors between April 29, 2025, and August 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Snap's management made overly positive statements while concealing significant negative information regarding the company's advertising revenue growth, which dropped from 9% in Q1 to only 1% in April 2025 [2]. - On August 5, 2025, Snap reported a slowdown in advertising revenue growth, attributing it to issues with their ad platform, the timing of Ramadan, and minor changes [2]. - Following the announcement, Snap's stock price fell from $9.39 per share to $7.78 per share on August 6, 2025, marking a decline of approximately 17.15% in one day [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until October 20, 2025, to request to be appointed as lead plaintiff in the lawsuit [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 has a history of securing substantial settlements for shareholders and has been recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4].
October 25, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against LFMD
Prnewswire· 2025-10-10 13:00
Core Viewpoint - LifeMD, Inc. is facing a class action securities lawsuit due to alleged securities fraud that occurred between May 7, 2025, and August 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that defendants made false statements regarding LifeMD's competitive position and recklessly raised the company's 2025 guidance without properly accounting for rising customer acquisition costs in its RexMD segment and related to obesity treatment drugs [2]. - The allegations suggest that the defendants' statements about LifeMD's business operations and prospects were materially false and misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until October 25, 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 [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 United States [4].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of November 18, 2025 in KBR, Inc. Lawsuit - KBR
Prnewswire· 2025-10-10 13:00
Core Points - A class action securities lawsuit has been filed against KBR, Inc. for alleged securities fraud affecting investors between May 6, 2025, and June 19, 2025 [1][2] - The lawsuit claims that KBR, Inc. made false statements regarding its partnership with HomeSafe, despite knowing that the U.S. Department of Defense had concerns about HomeSafe's ability to fulfill a global contract [2] - Investors affected by the alleged fraud have until November 18, 2025, to request to be appointed as lead plaintiff in the case [3] Case Details - The complaint alleges that KBR, Inc. misrepresented the status of its partnership with HomeSafe, claiming there were no issues when, in fact, there were material concerns from the U.S. Department of Defense [2] - The statements made by KBR, Inc. regarding its business operations and future prospects were deemed materially false and misleading [2] Next Steps - Affected investors can participate in the lawsuit without incurring any out-of-pocket costs or fees [3] - There is no obligation for investors to serve as lead plaintiffs to share in any potential recovery [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 [4]