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COMPASS DIVERSIFIED SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Compass Diversified Holdings - CODI
GlobeNewswire News Room· 2025-05-15 02:58
Core Viewpoint - Compass Diversified Holdings is facing a securities class action lawsuit due to alleged failure to disclose material information during the class period, leading to significant financial restatements and a drastic drop in share price [3][4]. Group 1: Lawsuit Details - Investors have until July 8, 2025, to file lead plaintiff applications in the class action lawsuit against Compass Diversified Holdings for securities purchased between May 1, 2024, and May 7, 2025 [1]. - The lawsuit is pending in the United States District Court for the Central District of California, under the case name Matthews v. Compass Group Diversified Holdings, Inc., et al., No. 25-cv-981 [5]. - The lawsuit alleges that Compass and certain executives failed to disclose material information, violating federal securities laws [3]. Group 2: Financial Impact - On May 7, 2025, Compass Diversified announced that its financial statements for fiscal 2024 would require restatement due to an ongoing internal investigation into its subsidiary, Lugano Holding, Inc. [4]. - Following this announcement, Compass' share price fell approximately 62%, from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025 [4]. Group 3: Company Actions - The Audit Committee of Compass' Board of Directors initiated an investigation after concerns were raised regarding Lugano's financing practices, which preliminarily identified irregularities in financing, accounting, and inventory practices [4]. - Moti Ferder, the founder and CEO of Lugano, resigned from all positions without severance compensation effective May 7, 2025 [4]. Group 4: Investor Resources - ClaimsFiler provides resources for Compass Diversified investors to understand their legal options and file claims related to the class action lawsuit [2][6]. - Investors can register for free on ClaimsFiler.com to access information about various securities class action cases and submit inquiries for case evaluations [6].
Barrack, Rodos & Bacine Notifies Shareholders of Open Lending Corp. (LPRO) of a Securities Class Action Lawsuit
GlobeNewswire News Room· 2025-05-05 13:30
Core Viewpoint - A class action lawsuit has been filed against Open Lending Corp. due to significant financial losses reported by the company, impacting investors who purchased stock between February 24, 2022, and March 31, 2025 [1]. Financial Performance - Open Lending postponed its earnings release and conference call on March 17, 2025, and requested additional time to complete its annual 10-K report, leading to a 9.3% drop in share price to $3.91 [2]. - On March 31, 2025, Open Lending reported a net loss of $144 million, attributed to the deterioration of prior loan vintages, elevated delinquencies and defaults, and increased income tax expenses [3]. - Following the loss announcement, Open Lending's stock plummeted nearly 58%, closing at $1.17 per share [4]. Legal Actions - Investors who purchased Open Lending stock during the specified class period and incurred losses are encouraged to contact the law firm Barrack, Rodos & Bacine regarding their rights and the potential for leading the class action lawsuit [5]. - The deadline for investors to submit a motion to be appointed as lead plaintiff is June 30, 2025, although participation in any recovery does not require serving as lead plaintiff [6]. Law Firm Background - Barrack, Rodos & Bacine has over 40 years of experience in prosecuting securities law class actions, achieving significant recoveries for investors in high-profile cases [7].
FLNC INVESTOR NOTICE: Fluence Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Prnewswire· 2025-05-01 14:40
Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of misleading statements and undisclosed product defects that have led to significant financial losses for investors [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit against Fluence Energy involves purchasers of its Class A common stock from October 28, 2021, to February 10, 2025, with a deadline of May 12, 2025, for seeking lead plaintiff status [1]. - The lawsuit alleges that Fluence Energy and its executives violated the Securities Exchange Act of 1934 by making false statements regarding the quality and performance of their energy storage products [3][4]. - Specific allegations include defective design and operational issues with products, failure to address known defects, and overstated efficacy and safety claims [3]. Group 2: Financial Impact and Stock Performance - Following the revelation of defects in the Diablo project, Fluence Energy's stock price dropped over 15% [4]. - A subsequent report by Blue Orca Capital led to an additional decline of more than 13% in stock price due to allegations of premature technology sales and a lawsuit from Siemens Energy Inc. for fraud and design failures [5]. - In November 2024, Fluence Energy's stock fell approximately 22% after the company reported that only 65% of its fiscal 2025 revenue guidance was backed by current contracts, indicating a need for new orders [6]. - The company further reduced its fiscal 2025 revenue guidance by about $600 million in February 2025, resulting in a significant stock price drop of over 52% [7]. Group 3: Company Background - Fluence Energy is a global provider of energy storage products and services, focusing on renewable energy solutions [2].
Napco Security Technologies, Inc. Investor Notice: Robbins LLP Reminds Stockholders of the Securities Class Action Lawsuit Against NSSC
GlobeNewswire News Room· 2025-04-30 21:23
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 - The lawsuit claims that Napco failed to disclose its true ability to forecast product demand and its negotiating position with distributors, leading to inflated long-term growth projections [2]. - Napco attributed its declining hardware sales to one-off setbacks, while the complaint argues that the company's forecasting processes were inadequate [2]. Financial Impact - On February 3, 2025, Napco reported disappointing financial results for Q2 of fiscal 2025, showing a significant drop in hardware sales [3]. - Following this announcement, Napco's stock price fell from $36.70 per share on January 31, 2024, to $26.93 per share 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, but participation is not required to be eligible for recovery [4]. - The law firm Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5].