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ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Kenvue Inc.
Prnewswire· 2025-11-03 21:58
Core Insights - Rowley Law PLLC is investigating potential securities law violations by Kenvue Inc. and its board of directors regarding the proposed acquisition by Kimberly-Clark Corporation [1] - The acquisition deal offers Kenvue stockholders $3.50 and 0.14625 shares of Kimberly-Clark common stock for each share of Kenvue, valuing the transaction at approximately $48.7 billion [1] - The expected closing date for the transaction is in the second half of 2026 [1] Company Specifics - Kenvue Inc. is currently under scrutiny for its proposed acquisition by Kimberly-Clark Corporation, which may involve legal implications for its board of directors [1] - Stockholders of Kenvue are set to receive a combination of cash and stock in Kimberly-Clark as part of the acquisition [1] Industry Context - The investigation by Rowley Law PLLC highlights ongoing legal challenges in corporate acquisitions, particularly concerning compliance with securities laws [1]
The Gross Law Firm Notifies Cytokinetics, Incorporated Investors of a Class Action Lawsuit and Upcoming Deadline - CYTK
Prnewswire· 2025-11-03 13:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Cytokinetics, Incorporated regarding a class action lawsuit related to misleading statements about the New Drug Application (NDA) for aficamten, which may have led to significant financial losses for investors [1]. Group 1: Allegations and Timeline - The class period for the allegations is from December 27, 2023, to May 6, 2025 [1]. - Defendants allegedly made materially false statements about the expected FDA approval timeline for aficamten, claiming it would be approved in the second half of 2025 based on a September 26, 2025 PDUFA date [1]. - The company failed to disclose risks associated with not submitting a Risk Evaluation and Mitigation Strategy (REMS), which could delay the regulatory process [1]. Group 2: Impact on Shareholders - On May 6, 2025, it was revealed during an earnings call that the company had multiple pre-NDA meetings with the FDA but chose to submit the NDA without a REMS, misleading investors about the regulatory timeline [1]. - As a result of these misleading statements, class members purchased Cytokinetics' common stock at artificially inflated prices and suffered significant losses when the truth was disclosed [1]. Group 3: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by November 17, 2025, to participate in the case without any cost or obligation [2]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [2].
ATYR Shareholder Alert: New aTyr Pharma, Inc. (ATYR) Securities Class Filed; Class Period Significantly Enlarged -- Hagens Berman
Globenewswire· 2025-10-31 18:24
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 drug Efzofitimod [1][2]. Group 1: Class Action Details - The new class action, King v. aTyr Pharma Inc., covers investors who acquired aTyr securities from November 7, 2024, to 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 efficacy of Efzofitimod, leading to inflated stock prices [4][7]. Group 2: Allegations and Study Findings - The allegations center around aTyr's Phase 3 study, EFZO-FIT, which aimed to evaluate Efzofitimod's effectiveness in reducing steroid dependency in patients with pulmonary sarcoidosis [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 and Investigation - The truth about the drug's performance was revealed on September 15, 2025, when aTyr announced that the EFZO-FIT study did not meet its primary endpoint, resulting in a dramatic stock price drop from $6.03 to $1.02, an 83.2% decline in one day [8][9]. - Hagens Berman is investigating whether aTyr misled investors regarding the drug's data and trial design, emphasizing its potential multi-billion-dollar market opportunity [10].
BCUCY Investors Have Opportunity to Join Brunello Cucinelli S.p.A. Fraud Investigation with the Schall Law Firm
Globenewswire· 2025-10-29 15:00
Core Viewpoint - The Schall Law Firm is investigating Brunello Cucinelli S.p.A. for potential violations of securities laws related to misleading statements about its business operations in Russia [1][2]. Group 1: Investigation Details - The investigation centers on whether Brunello Cucinelli made false or misleading statements and failed to disclose critical information to investors [2]. - A report by Morpheus Research claims that Brunello Cucinelli falsely stated that its stores in Russia were closed due to legal restrictions on luxury goods sales following the Ukraine invasion, while allegedly continuing to sell products in Russia [2]. - Following the report, Brunello Cucinelli's American Depositary Receipts (ADRs) experienced a significant decline of 17.8% on the same day [2].
Dow Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before October 28, 2025 to Discuss Your Rights - DOW
Prnewswire· 2025-10-27 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Dow Inc. regarding a class action lawsuit, alleging that the company made materially false and misleading statements about its financial condition and ability to manage macroeconomic challenges during the specified class period [1][2]. Summary by Relevant Sections Allegations - The complaint claims that Dow Inc. overstated its ability to handle macroeconomic and tariff-related challenges, as well as to maintain financial flexibility for its dividend [1]. - It is alleged that the true extent of negative impacts from competitive pressures, declining global sales, and product oversupply was understated [1]. - The public statements made by Dow were deemed materially false and misleading throughout the relevant time frame [1]. Class Period and Registration - The class period for the lawsuit is defined as January 30, 2025, to July 23, 2025 [1]. - Shareholders are encouraged to register for the class action by the deadline of October 28, 2025, to potentially be appointed as lead plaintiffs [2]. Next Steps for Shareholders - Registered shareholders will be enrolled in a portfolio monitoring system to receive updates on the case [2]. - Participation in the case incurs no cost or obligation for shareholders [2]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [3]. - The firm seeks recovery for investors who suffered losses due to misleading statements that inflated stock prices [3].
LifeMD, Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before October 27, 2025 to Discuss Your Rights - LFMD
Prnewswire· 2025-10-23 12:45
Core Points - The Gross Law Firm has issued a notice to shareholders of LifeMD, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose important information during the class period from May 7, 2025, to August 5, 2025 [1] - Allegations include that LifeMD's competitive position was overstated, and that the company did not properly account for rising customer acquisition costs, particularly in its RexMD segment and for obesity treatment drugs [1] - The deadline for shareholders to register for the class action and seek lead plaintiff status is October 27, 2025 [2] Company Specifics - LifeMD, Inc. is facing allegations of materially false and misleading statements regarding its business operations and prospects, which may have led to an artificial inflation of its stock price [1] - The lawsuit highlights concerns over the company's guidance for 2025, which was deemed reckless given the unaccounted rising customer acquisition costs [1] Legal Context - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3] - Shareholders who register will be enrolled in a portfolio monitoring system to receive updates on the case [2]
FAT Brands and investors move to settle lawsuit over alleged misuse of company funds
Yahoo Finance· 2025-10-22 16:08
Core Points - FAT Brands and its shareholders have proposed a $10 million joint settlement for two derivative lawsuits against CEO Andy Wiederhorn and his affiliates, alleging "self-dealing" and "misuse of funds" [1] - The lawsuits accuse Wiederhorn of taking tens of millions of dollars through insider loans and creating a class of "super-voting stock" for himself after a merger, which allegedly unjustly enriched him [1] - The proposed settlement includes a cash payment of $10 million, the transfer of 200,000 shares from Twin Hospitality Group to FAT Brands, and the implementation of corporate governance reforms [1] Legal Context - The proposed settlement is distinct from a separate lawsuit filed in June 2024 by former investor Mitchell Kates, which also alleges financial misconduct [2] - The Harris lawsuits are connected to previous investigations by the U.S. Department of Justice and the Securities and Exchange Commission, with the DOJ dropping its charges in July 2025, while SEC civil charges remain under appeal [2] Settlement Implications - If the court approves the settlement, the lawsuits will conclude immediately, and Wiederhorn and his associates will be protected from being sued again for the same issues [3] - A settlement hearing is scheduled for December [3]
JAMES HARDIE INVESTIGATION: Bragar Eagel & Squire, P.C. Reminds Investors of James Hardie Industries to Contact the Firm Regarding the Ongoing Investigation on Behalf of James Hardie Stockholders
Globenewswire· 2025-10-16 21:45
Core Insights - Bragar Eagel & Squire, P.C. is investigating potential claims against James Hardie Industries plc for possible violations of federal securities laws and other unlawful business practices [1][2] Company Financial Performance - On August 19, 2025, James Hardie reported a 29% decline in first-quarter profit for the period ending June 30, 2025, and projected lower-than-expected earnings for fiscal 2026 due to high borrowing costs [5] - Following the announcement, James Hardie's American Depositary Receipt (ADR) price fell by $9.79, or 34.44%, closing at $18.64 per ADR on August 20, 2025 [5] Legal Context - The law firm is encouraging investors who suffered losses in James Hardie to contact them to discuss their legal rights and options [1][2] - There is no cost or obligation for investors to inquire about their rights or the ongoing investigation [2]
Savara Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before November 7, 2025 to Discuss Your Rights – SVRA
Globenewswire· 2025-10-16 20:00
Core Viewpoint - Savara Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its drug MOLBREEVI, which is intended for the treatment of pulmonary alveolar proteinosis [3]. Group 1: Allegations and Class Period - The class period for the lawsuit is from March 4, 2024, to May 23, 2025 [3]. - Allegations include that Savara failed to disclose critical information about MOLBREEVI's chemistry, manufacturing, and controls, leading to doubts about FDA approval [3]. - The lawsuit claims that the delay in regulatory approval would likely necessitate Savara to raise additional capital [3]. Group 2: Shareholder Actions - Shareholders who purchased SVRA shares during the class period are encouraged to register for the class action, with a deadline of November 7, 2025, to seek lead plaintiff status [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. Group 3: Law Firm Information - The Gross Law Firm is representing the shareholders and is recognized for protecting investors' rights against deceit and fraud [5]. - The firm emphasizes its commitment to responsible business practices and seeks recovery for investors affected by misleading statements [5].
The Gross Law Firm Notifies Fortinet, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - FTNT
Prnewswire· 2025-10-16 13:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fortinet, Inc. regarding a class action lawsuit, alleging that the company made false statements about its product refresh cycle and the number of FortiGate firewalls that could be upgraded [1]. Summary by Sections Allegations - The complaint claims that Fortinet misrepresented the profitability of its product refresh cycle, stating it would not be as lucrative as suggested, as it involved old products that constituted a "small percentage" of the company's business [1]. - It is alleged that Fortinet did not have a clear understanding of the actual number of FortiGate firewalls eligible for upgrades and misled investors about the momentum of the refresh cycle, which was pushed through rapidly in a few months rather than over the projected two years [1]. Class Action Details - The class period for the lawsuit is defined as November 8, 2024, to August 6, 2025, and shareholders are encouraged to register for participation by November 21, 2025 [2]. - Shareholders who register will receive updates on the case's progress through a portfolio monitoring software [2]. Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, emphasizing the importance of responsible business practices and corporate citizenship [3].