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Scott+Scott Attorneys at Law LLP Alerts Investors of Its Investigation into Stride, Inc. (NYSE: LRN)
Globenewswire· 2025-11-03 15:42
Core Viewpoint - Scott+Scott Attorneys at Law LLP is investigating Stride, Inc. for potentially issuing misleading statements and failing to disclose material information to investors, which may violate federal securities laws [1][3]. Company Overview - Stride, Inc. is an education management organization that offers online education as an alternative to traditional education for public school students, along with career learning programs [2]. Financial Performance - On October 28, 2025, Stride reported a financial outlook for fiscal year 2026 that did not meet analysts' expectations, citing issues with the implementation of an upgraded online platform and a resulting poor customer experience [3]. - The CEO of Stride indicated that these issues led to higher withdrawal rates and lower conversion rates than previously anticipated [3]. Stock Market Reaction - Following the disappointing financial outlook, Stride's stock price plummeted by 54%, closing at $70.05 per share on October 29, 2025 [4].
LESAKA INVESTIGATION ALERT: Bragar Eagel & Squire, P.C Continues Investigation into Lesaka Technologies, Inc. on Behalf of Lesaka Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2025-11-01 14:14
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Lesaka Technologies, Inc. for possible violations of federal securities laws and unlawful business practices following a significant restatement of financial statements [1][2]. Investigation Details - On September 10, 2025, Lesaka announced that its Audit Committee concluded that the unaudited condensed consolidated financial statements for the quarters ended September 30, 2024, December 31, 2024, and March 31, 2025, should be restated due to a re-evaluation of revenue classification [2]. - The restatement indicates that certain revenue was reported as an agent rather than as a principal, affecting the related cost of goods sold, which led to a drop in Lesaka's stock price [2]. Next Steps - Investors who purchased or acquired Lesaka shares and suffered losses are encouraged to contact Bragar Eagel & Squire for more information regarding their rights and potential claims [3].
Scott+Scott Attorneys at Law LLP Alerts Investors of Its Investigation Into Fiserv, Inc. (NYSE: FI)
Globenewswire· 2025-10-29 22:16
Core Insights - Scott+Scott Attorneys at Law LLP is investigating Fiserv, Inc. for potentially issuing misleading statements and failing to disclose material information to investors, which may violate federal securities laws [1][3] Financial Performance - Fiserv reported third-quarter earnings for 2025, with adjusted earnings of $2.04 per share, missing analysts' expectations of $2.64 per share [3] - The company revised its 2025 adjusted earnings forecast to a range of $8.50 to $8.60 per share, down from the previous forecast of $10.15 to $10.30 per share made in July 2025 [3] - Following the earnings report, Fiserv's share price dropped approximately 47%, falling from $126.17 to as low as $66.58 per share on October 29, 2025, amid heavy trading volume [3] Company Overview - Fiserv is a global fintech and payments company that provides solutions for banking, global commerce, merchant acquiring, billing and payments, and point-of-sale [2]
ATYR Investor Alert: New aTyr Pharma, Inc. (ATYR) Securities Class Filed; Class Period Significantly Enlarged -- Hagens Berman
Prnewswire· 2025-10-24 17:37
Core Viewpoint - A new class action lawsuit has been filed against aTyr Pharma, Inc. and its executives, expanding the alleged class period for investors who suffered losses due to misleading statements about the efficacy of its drug, Efzofitimod [1][2][4]. Group 1: Class Action Details - The new class action, King v. aTyr Pharma Inc., covers investors who acquired aTyr securities between November 7, 2024, and September 12, 2025, significantly extending the previous class period that began in January 2025 [2][4]. - The lawsuit alleges that aTyr and its executives made false statements regarding the drug's efficacy, leading to inflated stock prices [4][7]. Group 2: Drug Study and Allegations - The allegations center around aTyr's Phase 3 study, EFZO-FIT, which evaluated Efzofitimod in patients with pulmonary sarcoidosis, aimed at reducing steroid dependency [5][6]. - Throughout the class period, aTyr executives reportedly expressed confidence in the study's design while allegedly concealing adverse facts about the drug's efficacy [6][7]. Group 3: Market Reaction - The truth about the drug's failure to meet its primary endpoint was revealed on September 15, 2025, leading to a drastic decline in aTyr's stock price from $6.03 to $1.02, a drop of 83.2% in one day [8][9]. - Following the announcement, aTyr indicated plans to engage with the FDA to determine a path forward after the setback [9]. Group 4: Investigation and Legal Actions - Hagens Berman, a prominent shareholders rights firm, is investigating whether aTyr misled investors about the drug's data and trial design, emphasizing its potential multi-billion-dollar market opportunity [10]. - The firm is urging affected investors to submit their losses and is seeking information from individuals who may assist in the investigation [3][11].
Nio shares plunge 12% after Singapore's GIC accuses Chinese EV maker of inflating revenue
CNBC· 2025-10-16 06:24
Core Viewpoint - Nio's shares experienced a significant decline following a lawsuit from Singapore's sovereign wealth fund, alleging the company inflated its revenues, which raises concerns about its financial practices and market perception [1][2]. Group 1: Lawsuit Details - The lawsuit names Nio's CEO Li Bin and former Financial Officer Feng Wei as defendants, indicating potential leadership accountability in the alleged securities law violations [2]. - The legal action was filed in August in the Southern District of New York court, highlighting the jurisdiction and seriousness of the allegations [2]. Group 2: Market Reaction - Following the news of the lawsuit, Nio's shares on the Hong Kong stock market plunged over 12%, reflecting investor concern and loss of confidence [1]. - Additionally, shares of Nio on the Singapore Exchange fell by more than 9%, indicating a broader impact on the company's stock performance across different markets [2].
Investigation: DiCello Levitt LLP Commences Investigation into Firefly Aerospace (NASDAQ:FLY)
Globenewswire· 2025-10-13 22:57
Core Insights - DiCello Levitt LLP has initiated an investigation into Firefly Aerospace Inc. regarding potential violations of U.S. federal securities laws, focusing on possible false or misleading statements made by the company and its executives [1] Investigation Details - Firefly Aerospace conducted an initial public offering on August 7, 2025, selling 19.3 million shares at $45.00 per share, raising $933.1 million in net proceeds [3] - On September 22, 2025, Firefly reported a second-quarter 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 the previous year. Revenue was reported at $15.55 million, falling short of analyst estimates of $17.25 million and down 26.2% year-over-year. Following this announcement, the stock price dropped by $7.58, or 15.31%, closing at $41.94 on September 23, 2025 [4] - On September 29, 2025, Firefly disclosed a loss of the first stage of its Alpha Flight 7 rocket during testing, leading to a further stock price decline of $7.66, or 20.73%, closing at $29.30 on September 30, 2025 [4]
aTyr Pharma, Inc.'s (ATYR) Failed Drug Trial Spurs Securities Lawsuit -- Hagens Berman
Prnewswire· 2025-10-10 02:18
Core Viewpoint - A federal class-action lawsuit has been filed against aTyr Pharma, Inc. following an 83% drop in its stock price after its lead drug candidate failed to meet primary endpoints in a Phase 3 trial [1][7]. Group 1: Lawsuit Details - The lawsuit, titled Munguia v. aTyr Pharma Inc., alleges that aTyr and its executives made false and misleading statements regarding the efficacy of its drug Efzofitimod, leading to inflated stock prices [2][5]. - The proposed class includes all investors who acquired aTyr common stock between January 16, 2025, and September 12, 2025 [3]. - The allegations center around aTyr's Phase 3 study, EFZO-FIT, which evaluated Efzofitimod in patients with pulmonary sarcoidosis [3]. Group 2: Company Statements and Market Reaction - Throughout the class period, aTyr executives expressed confidence in the study's design and the drug's potential to reduce steroid dependency [4]. - The lawsuit claims that while making optimistic statements, aTyr was concealing adverse facts about Efzofitimod's efficacy, which constitutes a violation of securities laws [5]. - The negative results from the EFZO-FIT study were disclosed on September 15, 2025, leading to a drastic decline in stock price from $6.03 to $1.02, a drop of 83.2% [6][7]. Group 3: Investigation and Market Opportunity - Hagens Berman is investigating whether aTyr misled investors regarding trial data and the drug's market potential, which was emphasized as a multi-billion-dollar opportunity [8]. - The firm is urging investors who suffered losses or have relevant information to come forward [9].
SOLENO (SLNO) REMINDER: Bragar Eagel & Squire, P.C. Reminds Investors of the Investigation into Soleno Therapeutics, Inc. and Encourages Investors to Contact the Firm
Globenewswire· 2025-10-09 16:35
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Soleno Therapeutics, Inc. for possible violations of federal securities laws and unlawful business practices affecting stockholders [1][2]. Investigation Details - The law firm is reaching out to investors who purchased or acquired Soleno shares and suffered losses, encouraging them to discuss their legal rights [1][2]. - There is no cost or obligation for investors to contact the firm regarding these claims [2]. Company Background - Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California, representing individual and institutional investors in various complex litigations [3]. Recent Events - On August 15, 2025, Scorpion Capital published a report labeling Soleno's product, Vykat XR, as overpriced and potentially unsafe for children, leading to a significant drop in Soleno's stock price by $5.73 per share, or 7.41%, closing at $71.63 [5].
Scott+Scott Attorneys at Law LLP Again Alerts Investors of The Pending Securities Class Action Against KinderCare Learning Companies, Inc. (NYSE: KLC)
Globenewswire· 2025-10-08 16:02
NEW YORK, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder litigation firm, alerts investors that a securities class action lawsuit has been filed in the United States District Court for the District of Oregon against KinderCare Learning Companies, Inc. (“KinderCare” or the “Company”) (NYSE: KLC), certain of its former and current officers and/or directors, and underwriters (collectively, “Defendants”). The Class Action asserts claims under §§1 ...
Scott+Scott Attorneys at Law LLP Again Alerts Investors of The Pending Class Action Against KinderCare Learning Companies, Inc. (NYSE: KLC)
Globenewswire· 2025-10-03 16:02
NEW YORK, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder litigation firm, alerts investors that a securities class action lawsuit has been filed in the United States District Court for the District of Oregon against KinderCare Learning Companies, Inc. (“KinderCare” or the “Company”) (NYSE: KLC), certain of its former and current officers and/or directors, and underwriters (collectively, “Defendants”). The Class Action asserts claims under §§1 ...