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Shareholder Alert: The Ademi Firm investigates whether DallasNews Corporation is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-07-10 17:50
Core Viewpoint - The Ademi Firm is investigating DallasNews for potential breaches of fiduciary duty and other legal violations related to its transaction with Hearst [1][2]. Group 1: Transaction Details - Shareholders of DallasNews will receive $14.00 per share in cash as part of the transaction [2]. - DallasNews insiders are set to receive substantial benefits under change of control arrangements [2]. Group 2: Board Conduct - The transaction agreement imposes significant penalties on DallasNews if it accepts competing bids, which may limit competing transactions unreasonably [2]. - The investigation focuses on whether the DallasNews board of directors is fulfilling their fiduciary duties to all shareholders [2].
Kuehn Law Encourages Investors of Krispy Kreme, Inc. to Contact Law Firm
Prnewswire· 2025-07-10 14:25
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Krispy Kreme, Inc. related to misleading statements about the company's performance and partnership with McDonald's [1]. Group 1: Company Performance and Misrepresentation - Insiders at Krispy Kreme allegedly caused the company to misrepresent or fail to disclose a significant decline in demand for Krispy Kreme products at McDonald's locations following the initial marketing launch [2]. - The decline in demand at McDonald's locations was identified as a contributing factor to decreasing average sales per door per week [2]. - The partnership with McDonald's was reported to be unprofitable, posing substantial risks to the continuation of the partnership [2]. - As a result of these issues, Krispy Kreme is expected to pause its expansion into new McDonald's locations [2]. - Positive statements made by the company regarding its business, operations, and prospects were deemed materially misleading and lacking a reasonable basis [2].
Kuehn Law Encourages Investors of Civitas Resources, Inc. to Contact Law Firm
GlobeNewswire News Room· 2025-07-09 13:30
Core Viewpoint - Civitas Resources, Inc. is under investigation for potential breaches of fiduciary duties by its officers and directors, linked to allegations of misrepresentation regarding the company's oil production and financial condition [1][2]. Group 1: Allegations of Misrepresentation - Insiders at Civitas Resources allegedly caused the company to misrepresent its likelihood of significantly reducing oil production in 2025 due to declines following a production peak in Q4 2024 and a low TIL count at the end of 2024 [2]. - The company may need to acquire additional acreage and development locations to increase oil production, which could lead to significant debt and necessitate the sale of corporate assets to offset acquisition costs [2]. - Civitas's financial condition may require disruptive cost-reduction measures, including a significant workforce reduction, indicating that the company's business and financial prospects were overstated [2]. - The public statements made by Civitas were reportedly materially false and misleading at all relevant times [2].
Shareholder Alert: The Ademi Firm investigates whether CARGO Therapeutics, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-07-08 16:00
Core Viewpoint - The Ademi Firm is investigating CARGO for potential breaches of fiduciary duty and other legal violations related to its transaction with Concentra Biosciences [1]. Group 1: Transaction Details - CARGO shareholders will receive $4.379 in cash per share, along with a non-transferable contingent value right, which includes rights to 100% of CARGO's closing net cash exceeding $217.5 million and 80% of net proceeds from certain product candidates sold within two years post-closing [2]. - CARGO insiders are set to receive substantial benefits as part of the change of control arrangements [2]. Group 2: Investigation Focus - The transaction agreement imposes significant penalties on CARGO for accepting competing bids, which raises concerns about the board's fulfillment of fiduciary duties to all shareholders [3]. - The Ademi Firm specializes in shareholder litigation related to buyouts, mergers, and individual shareholder rights, indicating a focus on protecting shareholder interests [3].
Shareholder Alert: The Ademi Firm investigates whether Core Scientific, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-07-07 17:25
Core Transaction Overview - Core Scientific is involved in a transaction with CoreWeave, where shareholders will receive 0.1235 newly issued shares of CoreWeave Class A common stock for each share of Core Scientific, valuing the deal at approximately $9.0 billion [2]. Investigation Details - The Ademi Firm is investigating Core Scientific for potential breaches of fiduciary duty and other legal violations related to the transaction with CoreWeave [1]. - The investigation focuses on whether the Core Scientific board of directors is fulfilling their fiduciary duties to all shareholders, particularly in light of the transaction's terms [3]. Transaction Restrictions - The transaction agreement imposes significant penalties on Core Scientific if it accepts competing bids, which may unreasonably limit other potential transactions [3].
Kuehn Law Encourages Investors of NET Power Inc. to Contact Law Firm
GlobeNewswire News Room· 2025-07-02 14:22
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of NET Power Inc. related to misleading statements about Project Permian [1][2] Group 1: Allegations of Misrepresentation - Insiders at NET Power allegedly caused the company to misrepresent the likelihood of completing Project Permian on schedule, indicating it would be significantly more expensive due to supply chain issues and site-specific challenges [2] - Projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, suggesting a significant negative impact on the company's business and financial results [2] - Public statements made by NET Power were materially false and misleading at all relevant times, according to the federal securities lawsuit [2] Group 2: Shareholder Actions - Shareholders who purchased NPWR shares prior to June 9, 2023, are encouraged to contact Kuehn Law for potential legal action, as there may be limited time to enforce their rights [3] - Kuehn Law offers to cover all case costs and does not charge investor clients, emphasizing the importance of shareholder participation in maintaining market integrity [4]
SRPT INVESTOR NOTICE: Sarepta Therapeutics, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-07-01 20:21
Core Viewpoint - The article discusses a class action lawsuit against Sarepta Therapeutics, alleging violations of the Securities Exchange Act of 1934 due to misleading statements regarding the safety and efficacy of its gene therapy product, ELEVIDYS, during a specified class period [1][3]. Company Overview - Sarepta Therapeutics is a commercial-stage biopharmaceutical company focused on developing therapies for Duchenne muscular dystrophy, including its gene therapy product, ELEVIDYS [2]. Allegations of the Lawsuit - The lawsuit claims that Sarepta and its executives made false or misleading statements about ELEVIDYS, including significant safety risks, inadequate trial protocols to detect severe side effects, and the potential for halting recruitment and dosing due to adverse events [3]. - Specific incidents cited include: - On March 18, 2025, a patient treated with ELEVIDYS suffered acute liver failure leading to death, causing Sarepta's stock to drop over 27% [4]. - On April 4, 2025, Sarepta disclosed that EU authorities requested a review of the death, leading to a further stock decline of over 7% [5]. - On June 15, 2025, a second patient died from acute liver failure, prompting Sarepta to suspend shipments and pause dosing, resulting in a stock price drop of over 42% [6]. - On June 24, 2025, the FDA announced an investigation into the deaths related to ELEVIDYS, causing an additional stock decline of over 8% [7]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Sarepta securities during the class period to seek appointment as lead plaintiff, representing the interests of the class [8].
Shareholder Alert: The Ademi Firm investigates whether GMS Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-06-30 17:15
Core Viewpoint - The Ademi Firm is investigating GMS for potential breaches of fiduciary duty and other legal violations related to its transaction with Home Depot [1][3]. Group 1: Transaction Details - In the tender offer transaction, GMS shareholders will receive $110 per share, leading to a total equity value of approximately $4.3 billion and an implied total enterprise value of around $5.5 billion [2]. - GMS insiders are set to receive significant benefits as part of the change of control arrangements [2]. Group 2: Board Conduct and Shareholder Rights - The transaction agreement imposes significant penalties on GMS for accepting competing bids, which may limit the company's ability to explore better offers [3]. - The investigation focuses on whether the GMS board of directors is fulfilling their fiduciary duties to all shareholders amidst these limitations [3].
Shareholder Alert: The Ademi Firm investigates whether Big 5 Sporting Goods Corporation is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-06-30 17:00
MILWAUKEE, June 30, 2025 /PRNewswire/ -- The Ademi Firm is investigating Big 5 (Nasdaq: BGFV) for possible breaches of fiduciary duty and other violations of law in its transaction with Worldwide Golf and Capitol Hill Group.Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.In the transaction, shareholders of Big 5 will receive $1.45 per share, with total enterprise value of ...
Shareholder Alert: The Ademi Firm investigates whether Guaranty Bancshares, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-06-25 03:28
MILWAUKEE, June 24, 2025 /PRNewswire/ -- The Ademi Firm is investigating Guaranty (NYSE: GNTY) for possible breaches of fiduciary duty and other violations of law in its transaction with Glacier Bancorp.Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.In the tender offer transaction, shareholders of Guaranty will receive 1.0000 share of Glacier stock for each Guaranty shar ...