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Shareholder Alert: The Ademi Firm investigates whether Flushing Financial Corp. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-12-30 23:06
Group 1 - The core issue involves an investigation into Flushing (NASDAQ: FFIC) for potential breaches of fiduciary duty related to its transaction with OceanFirst [1] - Flushing stockholders will receive 0.85 shares of OceanFirst common stock for each share of Flushing, valuing the transaction at $579 million based on OceanFirst's closing stock price of $19.76 on December 26, 2025 [2] - The transaction agreement restricts competing offers for Flushing by imposing a significant penalty for accepting a competing bid, raising concerns about the Flushing board's fulfillment of fiduciary duties to shareholders [3]
Shareholder Alert: The Ademi Firm investigates whether ON24, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-12-30 23:05
Core Viewpoint - The Ademi Firm is investigating ON24 for potential breaches of fiduciary duty and other legal violations related to its transaction with Cvent, which involves a significant financial consideration for shareholders [1][2]. Group 1: Transaction Details - ON24 shareholders are set to receive $8.10 per share, amounting to a total consideration of approximately $400 million [2]. - The transaction includes substantial benefits for ON24 insiders as part of change of control arrangements [2]. Group 2: Investigation Focus - The investigation is centered on the ON24 board of directors' conduct and whether they are fulfilling their fiduciary duties to all shareholders [2]. - The transaction agreement imposes significant penalties on ON24 if it accepts competing bids, which raises concerns about the limitations on competing transactions [2].
FCX INVESTOR DEADLINE: Freeport McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
TMX Newsfile· 2025-12-28 19:03
Core Viewpoint - The Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to safety issues at its Grasberg mine in Indonesia, which resulted in significant operational disruptions and stock price declines [1][3][4]. Group 1: Class Action Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc. and covers purchasers of Freeport-McMoRan securities from February 15, 2022, to September 24, 2025 [1]. - Investors have until January 12, 2026, to seek appointment as lead plaintiff in the lawsuit [1][7]. - The lawsuit alleges that Freeport-McMoRan and certain executives made false statements and failed to disclose safety risks at the Grasberg mine [3]. Group 2: Incident and Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, leading to a temporary suspension of operations and a nearly 6% drop in stock price [4]. - Following the incident, on September 24, 2025, it was revealed that two team members were fatally injured, and production estimates for 2026 could be approximately 35% lower than previously expected, causing a further 17% decline in stock price [5]. - An article published on September 25, 2025, highlighted the potential strain on Freeport-McMoRan's relationship with the Indonesian government, resulting in an additional stock price drop of over 6% [6]. Group 3: Company Background - Freeport-McMoRan is engaged in mining operations across North America, South America, and Indonesia, with the Grasberg mine being a significant asset [2]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the class action, is recognized for its expertise in securities fraud and has secured over $2.5 billion for investors in 2024 alone [8].
Shareholder Alert: The Ademi Firm investigates whether Dynavax Technologies Corporation is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-12-24 16:30
Core Viewpoint - The Ademi Firm is investigating Dynavax for potential breaches of fiduciary duty and other legal violations related to its transaction with Sanofi, which involves a cash offer for shareholders [1][3]. Group 1: Transaction Details - Dynavax shareholders will receive $15.50 per share, valuing the company at approximately $2.2 billion [2]. - The transaction includes substantial benefits for Dynavax insiders as part of change of control arrangements [2]. Group 2: Investigation Focus - The transaction agreement imposes significant penalties on Dynavax for accepting competing bids, which may limit shareholder options [3]. - The investigation will assess whether the Dynavax board of directors is fulfilling their fiduciary duties to all shareholders [3].
FLY INVESTOR DEALDINE: Firefly Aerospace Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
TMX Newsfile· 2025-12-23 22:30
Core Viewpoint - Firefly Aerospace Inc. is facing a class action lawsuit due to alleged violations of securities laws related to its initial public offering (IPO) and subsequent financial disclosures, which reportedly misrepresented the company's growth prospects and operational readiness [1][3]. Company Overview - Firefly Aerospace operates in the space and defense technology sector, providing mission solutions for national security, government, and commercial customers [2]. IPO Details - The company conducted its IPO on August 7, 2025, issuing approximately 19.3 million shares at an offering price of $45.00 per share [2]. Allegations of Misrepresentation - The lawsuit claims that Firefly Aerospace overstated demand and growth prospects for its Spacecraft Solutions offerings and the operational readiness of its Alpha rocket program, which could have a material negative impact once revealed [3]. Financial Performance - In its first earnings report as a public company on September 22, 2025, Firefly Aerospace reported a loss of $80.3 million for Q2 2025, compared to a loss of $58.7 million in Q2 2024. Revenue was reported at $15.55 million, below analyst estimates of $17.25 million, and down 26.2% year-over-year [4]. - The Spacecraft Solutions business segment reported revenue of only $9.2 million, representing a 49% year-over-year decrease [4]. Stock Price Impact - Following the earnings report, Firefly Aerospace's stock price fell more than 15%. Additionally, on September 29, 2025, the company disclosed an issue with its Alpha Flight 7 rocket, leading to a further decline of over 20% in share price [4][5].
LRN INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Stride, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Globenewswire· 2025-12-23 16:19
SAN DIEGO, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Stride, Inc. (NYSE: LRN) securities between October 22, 2024 and October 28, 2025, both dates inclusive (the “Class Period”), have until Monday, January 12, 2026 to seek appointment as lead plaintiff of the Stride class action lawsuit. Captioned MacMahon v. Stride, Inc., No. 25-cv-02019 (E.D. Va.), the Stride class action lawsuit charges Stride and certain of Stride’s top executives with v ...
Shareholder Alert: The Ademi Firm investigates whether Clearwater Analytics Holdings, Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-12-22 18:18
MILWAUKEE, Dec. 22, 2025 /PRNewswire/ -- The Ademi Firm is investigating Clearwater Analytics (Nasdaq: CWAN) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with a Permira and Warburg Pincus-led Investor 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, Clearwater Analytics shareholders w ...
ARDT INVESTIGATION: Robbins Geller Rudman & Dowd LLP Launches Investigation into Ardent Health, Inc., and Encourages Investors and Potential Witnesses to Contact Law Firm
Globenewswire· 2025-12-22 14:20
SAN DIEGO, Dec. 22, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Ardent Health, Inc. (NYSE: ARDT) focused on whether Ardent Health and certain of its executives made false and/or misleading statements and/or failed to disclose material information to investors. If you have information that could assist in the Ardent Health investigation or if you are an Ardent Health investor who suffered a loss and ...
Robbins Geller Rudman & Dowd LLP Announces that Freeport McMoRan Inc. (FCX) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Globenewswire· 2025-12-22 11:05
Core Viewpoint - The Freeport-McMoRan class action lawsuit alleges violations of the Securities Exchange Act of 1934, focusing on safety issues at the Grasberg mine and the subsequent impact on stock prices due to disclosures of incidents and regulatory risks [1][3][4]. Group 1: Class Action Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc., and it allows purchasers of Freeport-McMoRan securities between February 15, 2022, and September 24, 2025, to seek lead plaintiff status by January 12, 2026 [1][7]. - The lawsuit claims that Freeport-McMoRan and its executives made false or misleading statements regarding safety at the Grasberg Block Cave mine, which heightened risks for workers [3][4]. Group 2: Incident and Stock Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine that restricted evacuation routes, leading to a nearly 6% drop in stock price [4]. - Following the tragic fatalities of two team members on September 24, 2025, and the announcement of a potential 35% reduction in production for 2026, the stock price fell nearly 17% [5]. - An article published on September 25, 2025, highlighted the potential strain on Freeport-McMoRan's relationship with the Indonesian government, resulting in an additional stock price drop of over 6% [6]. Group 3: Company Background - Freeport-McMoRan is engaged in mining operations across North America, South America, and Indonesia, with significant operations at the Grasberg Copper and Gold Mine in Papua, Indonesia [2].
Freeport McMoRan Inc. Investors (FCX) with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-12-20 03:11
Core Viewpoint - The Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims related to safety issues at its Grasberg mine in Indonesia and subsequent operational impacts [1][3][4]. Group 1: Class Action Details - Purchasers of Freeport-McMoRan securities between February 15, 2022, and September 24, 2025, can seek appointment as lead plaintiff by January 12, 2026 [1]. - The lawsuit is titled Reed v. Freeport-McMoRan Inc., No. 25-cv-04243 (D. Ariz.) [1]. - The allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to heightened risks for workers [3]. Group 2: Incident and Stock Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, resulting in a nearly 6% drop in stock price [4]. - Following the incident, on September 24, 2025, it was disclosed that two team members were fatally injured, and production estimates for 2026 could be approximately 35% lower than previously expected, causing a nearly 17% decline in stock price [5]. - An article published on September 25, 2025, highlighted potential strains in Freeport-McMoRan's relationship with the Indonesian government, leading to an additional stock price drop of over 6% [6]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Freeport-McMoRan securities during the Class Period to seek lead plaintiff status [7]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [8].