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LINE DEADLINE NOTICE: Lineage, Inc. Investors are Notified of the September 30 Class Action Deadline -- Contact BFA Law if You Suffered Losses (NASDAQ:LINE)
GlobeNewswire News Room· 2025-08-21 12:18
Core Viewpoint - A lawsuit has been filed against Lineage, Inc. and its senior executives for potential violations of federal securities laws related to its IPO and subsequent financial performance [1][2]. Group 1: Lawsuit Details - Investors have until September 30, 2025, to request to lead the case, which is based on claims under Sections 11 and 15 of the Securities Act of 1933 [2]. - The lawsuit is pending in the U.S. District Court for the Eastern District of Michigan, specifically titled City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al. [2]. Group 2: Company Overview - Lineage, Inc. operates as a cold storage-focused real estate investment trust (REIT), owning and managing temperature-controlled storage facilities for perishable products [3]. Group 3: Allegations and Financial Performance - The IPO documents claimed strong cash flows due to consistent cold chain demand, suggesting resilience during economic stress, while the reality was a downturn as customers destocked excess inventory from the pandemic [4]. - Following the IPO at $78 per share, Lineage's stock price has significantly declined to around $40 per share, approximately 50% of its initial value [5].
TEMPUS ALERT: Bragar Eagel & Squire, P.C. is Investigating Tempus AI, Inc. on Behalf of Tempus Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-05 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Tempus AI, Inc. regarding possible violations of federal securities laws and other unlawful business practices [1][2] Group 1: Investigation and Claims - The investigation by Bragar Eagel & Squire, P.C. is on behalf of Tempus stockholders [1] - Spruce Point Capital Management published a report raising concerns about Tempus, including aggressive accounting practices and the background of several board members with troubled companies [2] - Following the report, Tempus's stock price experienced a significant decline during intraday trading on May 28, 2025 [2] Group 2: Company Background - Tempus AI, Inc. is publicly traded on NASDAQ under the ticker symbol TEM [2] - Bragar Eagel & Squire, P.C. is a law firm that represents individual and institutional investors in various types of litigation [4]
Faruqi & Faruqi Reminds e.l.f. Beauty Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 – ELF
GlobeNewswire News Room· 2025-03-26 19:34
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against e.l.f. Beauty, Inc. due to allegations of misleading statements and inflated financial metrics, with a class action lawsuit deadline set for May 5, 2025 [4][6]. Group 1: Allegations Against e.l.f. Beauty - The complaint alleges that e.l.f. Beauty and its executives violated federal securities laws by making false and misleading statements regarding rising inventory levels and sales performance [6]. - It is claimed that e.l.f. Beauty falsely attributed rising inventory levels to changes in sourcing practices rather than declining sales [6]. - The company reportedly inflated revenue and profits over several quarters to maintain investor confidence, which ultimately overstated its business and financial prospects [6]. Group 2: Impact of Muddy Waters Report - On November 20, 2024, Muddy Waters Research published a report alleging that e.l.f. Beauty had materially overstated revenue over the past three quarters [6]. - The report indicated that management recognized issues with growth narratives as inventory levels increased, leading to inflated revenue reporting [6]. Group 3: Financial Outlook and Adjustments - On February 6, 2025, e.l.f. Beauty revised its fiscal 2025 net sales growth expectations to 27%-28%, down from a previous guidance of 28%-30% [7]. - The adjusted EBITDA guidance was also lowered to $289-293 million from $304-308 million, influenced by the updated sales outlook and a $7 million foreign currency loss [7]. - The company anticipated net sales growth to be between -1% to +2%, reflecting softer consumption trends and slower-than-expected new product performance [7].
Faruqi & Faruqi Reminds e.l.f. Beauty Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - ELF
Prnewswire· 2025-03-21 15:05
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against e.l.f. Beauty, Inc. due to allegations of misleading financial statements and inflated revenue, with a class action lawsuit deadline set for May 5, 2025 [2][4]. Group 1: Allegations Against e.l.f. Beauty - The complaint alleges that e.l.f. Beauty and its executives violated federal securities laws by making false and misleading statements regarding rising inventory levels and sales performance [4]. - It is claimed that e.l.f. Beauty falsely attributed rising inventory levels to changes in sourcing practices rather than declining sales [4]. - The Muddy Waters Report accused e.l.f. Beauty of materially overstating revenue and profits over several quarters, indicating that the company concealed inventory challenges from investors [4]. Group 2: Financial Performance and Outlook - On February 6, 2025, e.l.f. Beauty revised its fiscal 2025 net sales growth forecast to 27%-28%, down from 28%-30%, and adjusted its EBITDA guidance to $289-293 million, down from $304-308 million [5]. - The company also anticipated net sales growth to be between -1% to +2%, citing softer consumption trends and slower-than-expected new product performance as reasons for the revision [5]. Group 3: Legal Proceedings and Investor Actions - Investors who suffered losses exceeding $50,000 in e.l.f. Beauty between November 1, 2023, and November 19, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members, overseeing the litigation on behalf of the class [5].
Faruqi & Faruqi Reminds AppLovin Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 5, 2025 - APP
Prnewswire· 2025-03-21 13:10
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against AppLovin Corporation for alleged violations of federal securities laws, encouraging affected investors to come forward before the May 5, 2025 deadline for lead plaintiff applications in a federal class action lawsuit [2][4]. Group 1: Allegations Against AppLovin - The complaint alleges that AppLovin and its executives made false and misleading statements regarding the company's financial growth and stability, particularly concerning the launch of its AXON 2.0 digital ad platform and the use of AI technologies [4]. - It is claimed that AppLovin reported impressive financial results while engaging in dishonest advertising practices, which misled investors about the company's actual performance [4]. Group 2: Impact of the Allegations - The truth about AppLovin's practices emerged on February 26, 2025, when reports indicated that the company was reverse engineering and exploiting advertising data from Meta Platforms, leading to manipulative practices that inflated ad click-through and app download rates [5]. - Following the revelation of these practices, AppLovin's stock price fell from $377.06 per share on February 25, 2025, to $331.00 per share on February 26, 2025, reflecting a significant decline in investor confidence [6]. Group 3: Legal Proceedings - The role of the lead plaintiff in the class action is to represent the interests of the class members, and any member can apply to serve as lead plaintiff or remain an absent class member without affecting their ability to recover [7]. - Faruqi & Faruqi encourages anyone with information regarding AppLovin's conduct, including whistleblowers and former employees, to come forward to assist in the investigation [8].