NEW YORK, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP reminds securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all individuals and entities who purchased or otherwise acquired Cytokinetics, Incorporated (NASDAQ: CYTK) (“Cytokinetics” or the “Company”) securities between December 27, 2023, and May 6, 2025 (the “Class Period”). PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATIO ...

NEW YORK, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP reminds securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all individuals and entities who purchased or otherwise acquired Cytokinetics, Incorporated (NASDAQ: CYTK) (“Cytokinetics” or the “Company”) securities between December 27, 2023, and May 6, 2025 (the “Class Period”). PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATIO ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Savara Inc. due to allegations of violations of federal securities laws related to misleading statements about the company's Biologics License Application (BLA) for MOLBREEVI [4][6]. Group 1: Legal Investigation and Claims - The firm is encouraging investors who suffered losses exceeding $50,000 in Savara between March 7, 2024, and May 23, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Savara, with a deadline of November 7, 2025, for investors to seek the role of lead plaintiff [4][8]. - The complaint alleges that Savara and its executives made false statements regarding the MOLBREEVI BLA, including insufficient information about its chemistry and manufacturing, which likely affected FDA approval [6]. Group 2: Stock Performance and Impact - Following the announcement of a refusal to file letter from the FDA regarding the MOLBREEVI BLA on May 27, 2025, Savara's stock price dropped by $0.90 per share, or 31.69%, closing at $1.94 per share [7]. Group 3: Company Background and Recovery - Faruqi & Faruqi, LLP has a history of recovering hundreds of millions of dollars for investors since its establishment in 1995, with offices in multiple states [5]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding Savara's conduct [9].

Core Insights - United Natural Foods, Inc. has faced significant financial challenges, reporting a year-over-year decline of $6 million in gross profit and over 71% drop in net income for its fiscal 2023 second quarter, despite a 6% increase in net sales [2] - The company has reduced its adjusted EBITDA guidance by approximately $115 million, or about 13.3%, primarily due to supply chain volatility and inflation deceleration [2] - A securities class action lawsuit has been filed against the company and its executives for allegedly failing to disclose material information, with the court allowing the case to proceed [2][3] Investigation Details - Kahn Swick & Foti, LLC is investigating whether United Natural's officers and/or directors breached their fiduciary duties to shareholders or violated state or federal laws [3] - The investigation is ongoing, and KSF is seeking information from long-term shareholders to assist in their inquiry [4]

Core Insights - Agilon Health, Inc. has significantly reduced its 2023 profit forecasts, particularly lowering its Medical Margin expectation to between $340 million and $360 million, which is approximately $110 million below previous guidance due to $90 million in unexpected medical costs [2] - The company and certain executives are facing a securities class action lawsuit for allegedly failing to disclose material information during the Class Period, violating federal securities laws, with the court recently denying the company's motion to dismiss the case [3] - Kahn Swick & Foti, LLC is conducting an investigation into whether agilon's officers and/or directors breached their fiduciary duties to shareholders or violated state or federal laws [3] Company Background - Kahn Swick & Foti, LLC is a prominent boutique securities litigation law firm, ranked among the top 10 firms nationally based on total settlement value, serving both institutional and retail investors seeking recoveries for investment losses due to corporate fraud or malfeasance [4]

Core Insights - United Natural Foods, Inc. has faced significant financial challenges, reporting a year-over-year decline of $6 million in gross profit and over 71% drop in net income for the fiscal 2023 second quarter, despite a 6% increase in net sales [2] - The company has reduced its adjusted EBITDA guidance by approximately $115 million, or about 13.3%, primarily due to supply chain volatility and a slowdown in inflation rates [2] - A securities class action lawsuit has been filed against the company and certain executives for failing to disclose material information, with the court allowing the case to proceed after denying the company's motion for judgment [2][3] Investigation Details - Kahn Swick & Foti, LLC is investigating whether United Natural's officers and directors breached their fiduciary duties or violated state or federal laws [3] - The investigation seeks to gather information from long-term shareholders of United Natural regarding their legal rights and any relevant information that could assist in the investigation [3] Law Firm Background - Kahn Swick & Foti, LLC is recognized as one of the top boutique securities litigation law firms in the U.S., with a focus on recovering investment losses due to corporate fraud [4] - The firm has been ranked among the top 10 nationally based on total settlement value, serving both institutional and retail investors [4]

Core Viewpoint - Kahn Swick & Foti, LLC is investigating agilon health, inc. following a significant reduction in its 2023 profit forecasts and subsequent legal actions against the company and its executives for failing to disclose material information [1][2]. Group 1: Company Financials - Agilon health, inc. has lowered its 2023 Medical Margin expectation to a range of $340 million to $360 million, which is approximately $110 million below previous guidance due to $90 million in higher-than-expected medical costs [1]. - The company's Chief Financial Officer, Timothy Bensley, is set to retire later in the year [1]. Group 2: Legal Proceedings - A securities class action lawsuit has been filed against agilon and certain executives, alleging violations of federal securities laws by failing to disclose material information during the Class Period [2]. - The court has denied the company's motion to dismiss the case, allowing the lawsuit to proceed [2]. - KSF's investigation is focused on whether agilon's officers and/or directors breached their fiduciary duties to shareholders or violated state or federal laws [2]. Group 3: Kahn Swick & Foti, LLC Overview - Kahn Swick & Foti, LLC is recognized as one of the top boutique securities litigation law firms in the U.S., with a focus on recovering investment losses due to corporate fraud [3]. - The firm has been ranked among the top 10 nationally based on total settlement value [3]. - KSF serves a diverse clientele, including public and private institutional investors, as well as retail investors [3].

Core Viewpoint - A class action lawsuit has been filed against V.F. Corporation (VFC) for allegedly disseminating false and misleading statements regarding its turnaround plans, particularly concerning the Vans brand's revenue growth trajectory [4]. Summary by Sections Lawsuit Announcement - A class action lawsuit titled Sharon Brenton v. V.F. Corporation has been initiated in the United States District Court for the District of Colorado for individuals who purchased VFC securities between October 30, 2023, and May 20, 2025 [1]. Allegations - The complaint alleges that VFC concealed material adverse facts about its turnaround plans, specifically that significant reset actions were necessary to return the Vans brand to growth, which would negatively impact Vans' revenue growth trajectory [4]. Financial Impact - On May 21, 2025, VFC reported a significant decline in Vans' growth, with losses worsening from 8% in the previous quarter to 20% in the fourth quarter. The company attributed this decline to deliberate actions taken to eliminate unprofitable businesses, which would have resulted in a high single-digit revenue decline even without these actions [5]. Stock Price Reaction - Following the disclosure of the financial results, VFC's stock price dropped from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025, marking a decline of approximately 15.8% in one day [5]. Legal Participation - Investors who suffered losses in VFC securities have until November 12, 2025, to request to be appointed as lead plaintiff in the lawsuit, although participation in any recovery does not require serving as a lead plaintiff [6].

Core Viewpoint - Simulations Plus, Inc. is under investigation for potential violations of federal securities laws following disappointing financial results and issues related to its acquisition of Pro-ficiency Holdings, Inc. [1][2][3] Company Overview - Simulations Plus is a software company focused on modeling and simulation tools for the pharmaceutical, biotechnology, and chemical industries [2] - The company acquired Pro-ficiency Holdings, Inc. in June 2024, aiming to double its total addressable market and enhance sales [2][3] Financial Performance and Issues - Simulations Plus claimed effective internal controls over financial reporting, but evidence suggests struggles with the integration of Pro-ficiency and ineffective internal controls [3] - On June 11, 2025, the company announced disappointing preliminary financial results for Q3 2025, attributing challenges to market uncertainties, leading to a stock price drop of over 24% [4] - The Q3 2025 financial results included a $77.2 million charge related to prior acquisitions, and the company dismissed its auditor Grant Thornton, citing unresolved matters regarding segment reporting and internal controls [5] Stock Market Reaction - Following the announcement of the impairment charge and auditor dismissal, Simulations Plus's stock fell nearly 26% from $17.47 to $12.97 per share [5]

Core Viewpoint - Bakkt Holdings, Inc. is facing significant challenges due to its heavy reliance on a single client, Webull Pay LLC, which accounted for 74% of its crypto services revenue in the first nine months of 2024, and the recent termination of key partnerships, leading to a projected 73% revenue decline [1][5][14]. Financial Performance - Bakkt reported $1.79 billion in revenue for Q4 2024, marking a 737.9% year-over-year increase, primarily driven by its crypto services unit [4]. - The company experienced a net loss of $40.4 million in Q4 2024, which was an improvement of 48.7% compared to the same quarter last year [6]. - Cash reserves stood at $136.5 million as of June 2024, but were being depleted by a cash burn of $27.54 million in the first half of the year [6][7]. Legal and Settlement Implications - Bakkt has agreed to pay $3 million to affected shareholders as part of a settlement related to the lawsuit, which represents approximately 6.9% of its cash reserves [3][7]. - The probability of reaching a settlement in the investor lawsuit is estimated to be between 46-50%, with potential settlement amounts ranging from $14 million to $20 million based on historical data [10][12][14]. - The expected liability from the litigation could be around $10 million, which would consume over a quarter of Bakkt's cash reserves, exacerbating its financial difficulties [13][14]. Strategic Challenges - The company is undergoing a leadership transition and is attempting to pivot towards stablecoin payments and institutional crypto services amidst ongoing legal challenges [15][16]. - Bakkt's stock price has dropped 27.3% since March 2025, complicating efforts to raise funds and attract new clients [16][19]. - The company faces a critical need to stabilize its revenue base, which is currently almost entirely dependent on crypto services, accounting for 98% of its overall income [8].