Workflow
Securities Law Investigation
icon
Search documents
SMUCKER ALERT: Bragar Eagel & Squire, P.C. is Investigating J.M.
GlobeNewswire News Room· 2025-07-30 22:00
Core Insights - J.M. Smucker Company is facing potential legal claims regarding violations of federal securities laws and unlawful business practices [1] - The company completed the acquisition of Hostess Brands for approximately $5.5 billion, with $2.4 billion recorded as goodwill in the Sweet Baked Snacks segment [2] - Smucker reported disappointing financial results, including significant impairment charges and a notable decrease in net sales in the Sweet Baked Snacks segment [3] Financial Performance - In Q3 2025, Smucker experienced an 8% decrease in comparable net sales in the Sweet Baked Snacks segment, alongside a $794 million impairment charge related to goodwill and a $208 million impairment charge for the Hostess Brand trademark [2] - Q4 2025 results showed a further 14% decrease in comparable net sales in the Sweet Baked Snacks segment, with an additional $867 million impairment charge for goodwill and a $113 million impairment charge for the Hostess Brand trademark [3] - Following the Q4 results announcement, Smucker's share price fell by $17.44, or approximately 15.59%, closing at $94.41 per share [3] Strategic Implications - The company has updated its 2026 financial plan to reflect decreased net sales in the Sweet Baked Snacks segment, indicating a reduction in the forecasted growth rate due to sustained underperformance since the acquisition [3]
PROFICIENT AUTO ALERT: Bragar Eagel & Squire, P.C. Continues Investigation on Behalf of Proficient Auto Logistics Investors
GlobeNewswire News Room· 2025-07-17 23:46
Core Insights - Bragar Eagel & Squire, P.C. is investigating potential claims against Proficient Auto Logistics, Inc. for possible violations of federal securities laws and unlawful business practices [1][2] Financial Performance - Proficient Auto reported a 0.4% year-over-year decrease in total operating revenue, amounting to $95.2 million for the first quarter ended March 31, 2025 [2] - The company experienced a total operating loss of $2.4 million during the same quarter [2] - Following the financial results announcement, Proficient Auto's stock price fell by $0.40 per share, or 4.93%, closing at $7.72 per share on May 8, 2025 [2]