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SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Freeport-McMoran
Businesswire· 2025-12-21 14:56
On this news, Freeport's stock price fell $7.69, or 17%, to close at $37.67 per share on September 24, 2025. Then, on September 25, 2025, before market hours, Bloomberg published an article stating that the "halt in production at the giant Grasberg copper mine in Indonesia looks set to strain the fractious relationship between [Freeport] and its host nation, at a time when the Jakarta government was already looking to take greater control." The article specified that "[the] state controls 51% of the local e ...
SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Stride
Businesswire· 2025-12-21 14:54
NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Stride, Inc. ("Stride†or the "Company†) (NYSE: LRN). Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. On September 14, 2025, Simply Wall St. published a report stating that the Gallup-Mc ...
SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Firefly Aerospace
Businesswire· 2025-12-21 14:44
Core Viewpoint - Firefly Aerospace Inc. is facing a federal securities class action due to allegations of misleading statements regarding its business operations and financial performance, with a deadline for investors to seek lead plaintiff status set for January 12, 2026 [1][3]. Financial Performance - Firefly conducted its IPO on August 7, 2025, selling 19.296 million shares at $45.00 each [4]. - In its first earnings report as a public company on September 22, 2025, Firefly reported a loss of $80.3 million, or $5.78 per share, compared to a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [5]. - Revenue for the second quarter of 2025 was $15.55 million, falling short of analyst estimates of $17.25 million and down 26.2% year-over-year [5]. - The Spacecraft Solutions business segment generated only $9.2 million in revenue, representing a 49% decrease from the previous year [5]. Stock Performance - Following the earnings report, Firefly's stock price dropped by $7.58, or 15.31%, closing at $41.94 on September 23, 2025 [6]. - After a subsequent announcement regarding a failure in the Alpha Flight 7 rocket test, the stock fell further by $7.66, or 20.73%, closing at $29.30 on September 30, 2025 [8]. Legal Proceedings - The complaint against Firefly alleges that the company overstated demand and growth prospects for its Spacecraft Solutions, as well as the operational readiness of its Alpha rocket program, which could have a material negative impact on the company [3]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members [9].
SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Bitdeer Technologies
Businesswire· 2025-12-21 14:40
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bitdeer Technologies Group due to allegations of violations of federal securities laws, specifically regarding misleading statements about the company's SEALMINER A4 project and its ASIC chip technology [3][4]. Group 1: Allegations and Legal Action - The complaint alleges that Bitdeer and its executives made false and misleading statements about the energy efficiency of their SEAL04 ASIC chip, which was projected to have an efficiency of 5 J/TH, and failed to disclose delays in the mass production of the A4 rigs [3]. - Investors are reminded of the February 2, 2026 deadline to seek the role of lead plaintiff in the federal securities class action against Bitdeer [1][6]. Group 2: Financial Performance and Stock Impact - On November 10, 2025, Bitdeer reported a third-quarter earnings per share of -$1.28, missing the consensus estimate of -$0.22, and disclosed significant delays in the development of its next-generation Seal 04 ASIC chip [4]. - Following the earnings report, Bitdeer's stock price fell by $2.63, or 14.9%, closing at $15.02 on November 11, 2025 [4]. - A fire incident at Bitdeer's under-construction facility in Ohio on November 11, 2025, led to another stock price drop of $2.83, or 20.3%, closing at $11.11 on November 13, 2025 [5].
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sprouts
Prnewswire· 2025-12-17 15:33
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: Defendants provided overwhelmingly positive statements to investors while, at the ...
OWL INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Blue Owl Capital
TMX Newsfile· 2025-12-16 15:53
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Blue Owl To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Blue Owl between February 6, 2025 and November 16, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information]New York, New York--(Newsfile Corp. - December 1 ...
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Diamond Hill Investment Group, Inc.
Prnewswire· 2025-12-11 18:13
Core Viewpoint - Rowley Law PLLC is investigating potential securities law violations by Diamond Hill Investment Group, Inc. regarding its proposed acquisition by First Eagle Investments, which is valued at approximately $473 million [1] Group 1: Acquisition Details - Diamond Hill Investment Group, Inc. stockholders will receive $175.00 for each share they hold in the company [1] - The acquisition transaction is expected to close by the third quarter of 2026 [1] Group 2: Legal Investigation - Rowley Law PLLC is representing shareholders in the investigation concerning the acquisition [1] - Additional information regarding the investigation can be obtained through Rowley Law PLLC's website or by contacting their office directly [2]
INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Alexandria
Prnewswire· 2025-12-11 15:23
Core Viewpoint - The complaint against Alexandria Real Estate Equities alleges violations of federal securities laws due to misleading statements regarding the company's Long Island City property and its leasing value, which ultimately led to disappointing financial results and a significant drop in stock price [2][3]. Financial Performance - Alexandria reported third quarter earnings for 2025 that fell short of analyst expectations, with a 5% decline in revenue and a 7% decline in adjusted funds from operation [3]. - The average occupancy rate decreased from 94.8% in the previous year to 91.4% [3]. - Following the release of these financial results, Alexandria's stock price dropped over 19% on October 28, 2025 [3]. Legal Proceedings - A lead plaintiff has been appointed in the class action lawsuit, representing the investor with the largest financial interest in the case, who will oversee the litigation on behalf of the class [4]. - The law firm Faruqi & Faruqi encourages individuals with information regarding Alexandria's conduct to come forward, including whistleblowers and former employees [5].
KLAR Investors Have Opportunity to Join Klarna Group plc Fraud Investigation with the Schall Law Firm
Businesswire· 2025-12-11 02:58
Core Viewpoint - The Schall Law Firm is investigating Klarna Group plc for potential violations of securities laws, particularly regarding misleading statements and undisclosed information that may have affected investors [1][2]. Financial Performance - Klarna reported record revenue that exceeded estimates for its third quarter, but also posted a net loss of $95 million due to increased provisions for credit losses [2]. - Provisions for loan losses amounted to $235 million, surpassing analyst expectations of $215.8 million, and represented 0.72% of gross merchandise volume, an increase from 0.44% the previous year [2]. Market Reaction - Following the news of the financial results and increased provisions, Klarna's shares fell by 9.3% the day after the announcement [2].
JEF NOTIFICATION: BFA Law Notifies Jefferies Financial Group Inc. Investors of the Pending Class Action Investigation and to Contact the Firm if You Lost Money
Newsfile· 2025-12-10 12:17
Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm, Point Bonita Capital, are under investigation for potential violations of federal securities laws following a significant bankruptcy of a key client, First Brands Group, LLC, which has raised concerns about their financial disclosures and internal controls [2][4][6]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP has initiated an investigation into Jefferies and Point Bonita for possible misleading statements related to their exposure to First Brands Group [7]. - The SEC is examining whether Jefferies adequately informed investors about their exposure to the auto business, which filed for bankruptcy with $12 billion in debt [6]. - Jefferies and Point Bonita had approximately $715 million in exposure to First Brands' receivables, representing about 25% of Point Bonita's trade finance portfolio [5]. Group 2: Financial Impact - Following the announcement of their exposure to First Brands, Jefferies' stock price dropped by $4.66 per share, or approximately 8%, from $59.10 on October 7, 2025, to $54.44 on October 8, 2025 [5]. - Investors are reportedly seeking redemptions from Point Bonita due to the financial fallout from First Brands' bankruptcy [5]. Group 3: Legal Options for Investors - Investors in Jefferies or Point Bonita are encouraged to contact BFA for potential legal options, with representation offered on a contingency fee basis [8].