Securities Law Violations
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HUBG Investor Notice: Levi & Korsinsky Investigates Hub Group, Inc. for Securities Law Violations
TMX Newsfile· 2026-02-18 22:56
Core Viewpoint - Hub Group, Inc. is under investigation for potential violations of federal securities laws following a significant accounting error that led to a sharp decline in its stock price [1]. Financial Performance - Hub Group reached a 52-week high of $48.96 per share on February 3, 2026, but saw its shares drop to around $37 just three days later, resulting in a loss of approximately $12 per share [2]. - The company's Q4 2025 earnings per share were reported at $0.45, slightly above the consensus estimate of $0.44, and revenue exceeded expectations. However, this positive result was overshadowed by the disclosure of a restatement affecting three prior quarters and an estimated $77 million in understated costs [4]. Analyst Reactions - Following the accounting error announcement, Stifel downgraded Hub Group from Buy to Sell, reducing its price target from $52 to $27, a 48% decrease. Baird also downgraded its rating from Outperform to Neutral, cutting its target from $47 to $29, a 38% reduction [3]. - Both downgrades were issued on February 6, 2026, contributing to increased selling pressure on the stock [3]. Market Impact - The disconnect between the modest earnings beat and the 23% decline in stock price indicates that the market views the accounting issue as significantly more serious than the quarterly results [4].
uniQure N.V. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - QURE
Prnewswire· 2026-02-13 06:11
Core Viewpoint - A class action lawsuit has been filed against uniQure N.V. for securities law violations, specifically for making false and misleading statements regarding its FDA approval process and study design [1] Group 1: Lawsuit Details - The lawsuit pertains to violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1] - The class period for the lawsuit is from September 24, 2025, to October 31, 2025, with a deadline for lead plaintiff appointments set for April 13, 2026 [1] - The complaint alleges that uniQure's public statements were materially misleading, particularly regarding the likelihood of delays in its Biologics License Application (BLA) with the FDA due to the need for additional studies [1] Group 2: Company Background - uniQure N.V. is a biotechnology company that focuses on gene therapies [1] - The company is listed on NASDAQ under the ticker symbol QURE [1] - The DJS Law Group, which is handling the lawsuit, specializes in securities class actions and corporate governance litigation [1]
Oracle Corporation Sued for Securities Law Violations - Contact The Gross Law Firm Before April 6, 2026 to Discuss Your Rights – ORCL
Globenewswire· 2026-02-11 22:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Oracle Corporation regarding a class action lawsuit due to alleged misleading statements and financial risks associated with the company's AI infrastructure strategy [1][3]. Group 1: Allegations - The complaint alleges that during the class period from June 12, 2025, to December 16, 2025, Oracle's management made materially false and misleading statements [3]. - It is claimed that the company's AI infrastructure strategy would lead to significant increases in capital expenditures without corresponding near-term revenue growth [3]. - The increased spending is said to pose serious risks to Oracle's debt and credit rating, free cash flow, and ability to fund its projects [3]. Group 2: Class Action Details - Shareholders who purchased shares of Oracle during the specified class period are encouraged to register for the class action, with a deadline of April 6, 2026, to seek lead plaintiff status [4]. - Participants will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4]. - There is no cost or obligation for shareholders to participate in this case [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [5]. - The firm aims to ensure companies engage in responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
Richtech Robotics Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RR
Prnewswire· 2026-02-05 10:14
Core Viewpoint - A class action lawsuit has been filed against Richtech Robotics Inc. for allegedly making false and misleading statements regarding a commercial relationship with Microsoft, impacting investor perceptions and decisions [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit is from January 27, 2026, to January 29, 2026, with a deadline for lead plaintiff appointments set for April 3, 2026 [2]. - The complaint alleges that Richtech's public statements were false and materially misleading, creating a false impression of a commercial relationship with Microsoft [2]. Group 2: Investor Participation - Shareholders who purchased shares during the class period are encouraged to contact the law firm for potential lead plaintiff appointments, although this is not required to participate in any recovery [2][3]. - The law firm emphasizes that participation in the lawsuit may help shareholders recover losses incurred due to the alleged misleading statements [5]. Group 3: Law Firm Profile - DJS Law Group specializes in securities class actions, corporate governance litigation, and M&A appraisals, focusing on enhancing investor returns through advocacy [4]. - The firm represents some of the largest hedge funds and alternative asset managers, indicating a strong reputation in the industry [4].
Plug Power Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - PLUG
Prnewswire· 2026-02-05 09:01
Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. for alleged violations of securities laws, claiming the company made false and misleading statements regarding its business prospects and funding opportunities [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit is from January 17, 2025, to November 13, 2025, with a deadline for lead plaintiff appointments set for April 3, 2026 [2]. - The complaint alleges that Plug Power overstated its chances of receiving Department of Energy (DOE) loan funding and shifted focus to less ambitious projects with limited commercial potential [2]. Group 2: Investor Participation - Shareholders who purchased shares during the class period are encouraged to contact the law firm for potential lead plaintiff appointments, although such an appointment is not necessary to participate in any recovery [2][3]. Group 3: Law Firm Background - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through balanced counseling and aggressive advocacy [4].
Investors Who Lost Money In Carvana Stock Should Contact Block & Leviton LLP To Potentially Recover Losses
TMX Newsfile· 2026-02-03 18:42
Core Viewpoint - Block & Leviton is investigating Carvana Co. for potential securities law violations following a report alleging that the company's profitability is based on undisclosed related-party transactions [1][2]. Group 1: Investigation Details - Carvana's shares fell over 20% on January 28 after Gotham City Research reported that the company's earnings were subsidized by DriveTime, which reportedly burned over $1 billion in cash while leveraging 20x to 40x EBITDA [2]. - The report also claims that Bridgecrest marked down billions in loans as Carvana recognized gains on loan sales, raising concerns about the company's financial practices [2]. Group 2: Eligibility and Actions - Investors who purchased Carvana Co. common stock and experienced a decline in share value may be eligible to participate in the investigation, regardless of whether they sold their investment [3]. - Block & Leviton is actively investigating potential securities law violations and may file actions to recover losses for affected investors [4]. Group 3: Whistleblower Information - Individuals with non-public information about Carvana Co. are encouraged to assist in the investigation or report to the SEC under the whistleblower program, with potential rewards of up to 30% of any successful recovery [6]. Group 4: Firm's Reputation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].
WLTH NOTIFICATION: Wealthfront Corporation Investigated for Securities Misconduct Over Home-Lending Business, Investors with Losses Alerted to Contact BFA Law
TMX Newsfile· 2026-02-02 09:46
Core Viewpoint - Wealthfront Corporation is under investigation for potential violations of federal securities laws, particularly concerning misleading statements made during its IPO process [1][3]. Group 1: Company Overview - Wealthfront is an online financial advisor that utilizes automated tools to provide investment and financial advice [2]. - The company completed its initial public offering (IPO) on December 12, 2025, offering over 34 million shares at a price of $14.00 per share [2]. Group 2: Investigation Details - The investigation by Bleichmar Fonti & Auld LLP focuses on whether Wealthfront made false and misleading statements to investors, especially in the IPO offering materials [3]. - The investigation is prompted by significant changes in the company's financial performance following its IPO [3]. Group 3: Financial Performance - On January 12, 2026, Wealthfront reported its first quarterly results as a public company, revealing net deposit outflows of $208 million, a significant decline from the $874 million in inflows during the same period the previous year [4]. - CEO David Fortunato attributed the decline in deposits to falling interest rates and highlighted the strategic importance of Wealthfront's new home-lending business [4]. - Following the earnings report, Wealthfront's stock price dropped by $2.12 per share, nearly 17%, from $12.59 to $10.47 [4].
BellRing Brands, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - BRBR
Prnewswire· 2026-01-29 10:28
Core Viewpoint - A class action lawsuit has been filed against BellRing Brands, Inc. for allegedly making false and misleading statements regarding its market position and customer demand, which misled investors during the specified class period [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit is from November 19, 2024, to August 4, 2025, with a deadline for lead plaintiff appointments set for March 23, 2026 [2]. - The complaint alleges that BellRing claimed to have strong customer demand and a competitive market position, while in reality, sales were primarily driven by customers stockpiling inventory [2]. Group 2: Investor Participation - Shareholders who purchased shares during the class period are encouraged to contact the law firm for potential lead plaintiff appointments, although such an appointment is not necessary to participate in any recovery [2][3]. Group 3: Law Firm Background - DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through advocacy [4]. - The firm represents some of the largest hedge funds and alternative asset managers, indicating a strong reputation in handling valuable litigation claims [4].
Wealthfront Corp. Under Investigation By Block & Leviton; Investors Who Lost Money Following WLTH IPO Should Contact the Firm
Globenewswire· 2026-01-27 13:32
Group 1 - Block & Leviton is investigating Wealthfront Corp. for potential securities law violations following a significant drop in share price and concerning financial disclosures [1][2] - Wealthfront reported $208 million in net deposit outflows, a stark contrast to the previous year's $874 million in inflows, which contributed to a more than 15% decline in its stock price [2] - The investigation focuses on disclosures made during Wealthfront's IPO, particularly regarding the CEO's large controlling stake in the company's new home lending business [2][4] Group 2 - Investors who have lost money on Wealthfront common stock may be eligible to participate in the investigation, regardless of whether they have sold their shares [3] - Block & Leviton aims to recover losses for investors and may file legal actions if securities law violations are confirmed [4] - The firm encourages whistleblowers with non-public information about Wealthfront to assist in the investigation, with potential rewards for original information provided to the SEC [6]
INO Investor Notice: Levi & Korsinsky Investigates Inovio Pharmaceuticals, Inc. for Securities Law Violations
TMX Newsfile· 2026-01-21 19:42
Core Viewpoint - Inovio Pharmaceuticals is under investigation for potential violations of federal securities laws following the FDA's rejection of its accelerated approval request for INO-3107, leading to a significant drop in its stock price. Group 1: FDA Announcement - The FDA accepted Inovio's Biologics License Application (BLA) for INO-3107 for recurrent respiratory papillomatosis on a standard review timeline [2] - The FDA indicated that Inovio did not provide sufficient information to qualify for accelerated approval [2] - Inovio plans to request a meeting with the FDA to discuss pursuing accelerated approval despite the current standard review timeline [2] Group 2: Stock Market Reaction - Following the FDA announcement, Inovio's stock price fell over 24% on the same day [3] Group 3: Legal Investigation - Levi & Korsinsky has commenced an investigation into Inovio Pharmaceuticals regarding potential violations of federal securities laws [1] - The firm has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]