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ePlus, Inc. Investigated by the Portnoy Law Firm
Globenewswire· 2026-03-25 13:00
Core Viewpoint - ePlus, Inc. is under investigation for possible securities fraud, with a potential class action being considered for affected investors [1]. Group 1: Stock Performance - ePlus's stock price experienced a significant decline of $10.64, or 13.1%, closing at $70.29 per share on February 6, 2025, following disappointing third quarter fiscal 2025 financial results [2]. - The financial results released on February 5, 2025, did not meet consensus estimates, leading to the stock price drop and investor losses [2]. Group 2: Company Performance and Management Commentary - The company attributed the shortfall in financial performance to "digestion" in the networking space and issues with select enterprise customers [2]. - Management indicated that the observed soft demand was primarily due to supply chain challenges, highlighting external logistical factors as significant contributors to the underperformance relative to analyst expectations [2].
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 22, 2026 in Coty Inc. Lawsuit - COTY
Prnewswire· 2026-03-25 13:00
Core Viewpoint - A class action securities lawsuit has been filed against Coty Inc. due to alleged securities fraud affecting investors between November 5, 2025, and February 4, 2026 [2][3]. Group 1: Lawsuit Details - The lawsuit claims that Coty Inc. made misleading statements about its performance while concealing adverse facts regarding its slowing growth in the beauty market, particularly in the Consumer Beauty segment [3]. - Following the announcement of disappointing financial results for Q2 fiscal year 2026, Coty's stock price fell from $3.43 per share on February 4, 2026, to $2.66 per share on February 6, 2026, marking a decline of approximately 22% [3]. Group 2: Financial Performance - Coty reported underperformance in its Consumer Beauty market, with compressed margins due to increased marketing investments and slowing growth in its Prestige fragrance segment [3]. - The company withdrew its fiscal year 2026 guidance for EBITDA and revised its near-term outlook downward, attributing these changes to macroeconomic factors, rising costs, and uncertain consumer demand [3]. Group 3: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until May 22, 2026, to request to be appointed as lead plaintiff in the lawsuit [4]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [4].
EOSE Lawsuit: Eos Energy Accused of Misrepresentations about its Manufacturing in Securities Fraud Class Action – Investors Notified to Contact BFA Law by May 5
Globenewswire· 2026-03-25 10:18
Core Viewpoint - A class action lawsuit has been filed against Eos Energy Enterprises, Inc. for securities fraud following a significant stock drop of approximately 39% [1][6]. Group 1: Lawsuit Details - Investors have until May 5, 2026, to request to lead the case in the U.S. District Court for the District of New Jersey, under the caption Yung v. Eos Energy Enterprises, Inc., et al. [3][9]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of Eos Energy investors [3]. Group 2: Company Background - Eos Energy manufactures zinc-based long-duration battery energy storage systems aimed at storing renewable energy and enhancing grid reliability [4]. - The company had previously projected revenue guidance of $150 million to $160 million for fiscal year 2025, citing manufacturing progress due to automation [4]. Group 3: Allegations and Stock Performance - Allegations state that Eos Energy's statements were misleading due to significant production inefficiencies, excessive downtime, and delays in quality targets, which hindered its ability to meet revenue guidance [5]. - On February 26, 2026, Eos reported a net loss of approximately $970 million for fiscal year 2025 and disclosed revenues that fell short of guidance, leading to a stock price drop of $4.39 per share, or about 39.4%, closing at $6.74 [6][7].
TNC Investigation: Tennant Company Investigated for Misrepresentations about its ERP System – Investors Notified to Contact BFA Law
Globenewswire· 2026-03-25 10:18
Core Viewpoint - Tennant Company is under investigation for potential violations of federal securities laws related to misleading statements about its ERP system rollout, which led to significant operational disruptions and a substantial stock price drop [1][3][4]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is investigating Tennant for possibly making false statements regarding the implementation of a large-scale ERP system, claiming it was "on time and on budget" and that the launch in the Asia-Pacific region was "successful" [3]. - The investigation focuses on whether these statements misled investors, as the actual rollout in North America caused severe operational issues, including the inability to process and ship customer orders [3]. Group 2: Financial Impact - Following the ERP system's rollout, Tennant reported a loss of approximately $30 million in sales and projected remediation costs exceeding $20 million for 2026, significantly higher than the $5 million initially planned [3]. - The stock price of Tennant dropped by $19.28 per share, a decline of more than 23%, from $82.30 on February 23, 2026, to $63.02 on February 24, 2026 [4]. Group 3: Company Background - Tennant Company specializes in manufacturing industrial cleaning equipment, including mechanical floor scrubbers and sweepers used in various commercial settings [2].
PLUG Lawsuit: Plug Power Accused of Misrepresentations about its DOE Funding in Securities Fraud Class Action – Investors Notified to Contact BFA Law by April 3
Globenewswire· 2026-03-25 10:17
Core Viewpoint - A class action lawsuit has been filed against Plug Power Inc. and its senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][4]. Group 1: Lawsuit Details - Investors have until April 3, 2026, to request to lead the case, which is pending in the U.S. District Court for the Northern District of New York [4][10]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of Plug Power investors [4][10]. Group 2: Allegations Against Plug Power - Plug Power is accused of materially overstating the likelihood of receiving a $1.66 billion loan guarantee from the U.S. Department of Energy, which was intended to finance hydrogen production facilities [5]. - The company provides hydrogen fuel cell solutions and develops infrastructure for hydrogen production [5]. Group 3: Stock Performance and Impact - The stock price of Plug Power dropped by $0.26 per share (6.3%) on October 7, 2025, following the abrupt departure of its CEO and President [6]. - On November 10, 2025, the stock fell by $0.09 per share (3.4%) after the company announced the suspension of activities under the DOE loan program [7]. - A further decline occurred on November 14, 2025, when the stock dropped by $0.48 per share (17.6%) after news of the suspension of plans to construct hydrogen production facilities [8].
EOSE INVESTOR ALERT: Eos Energy Enterprises, Inc. Investors with Substantial Losses Have Opportunity to Lead tInvestor Class Action Lawsuit
Prnewswire· 2026-03-25 09:40
Core Viewpoint - Eos Energy Enterprises, Inc. is facing a class action lawsuit due to alleged misleading statements and failure to meet production and financial guidance, resulting in significant investor losses [1][4]. Company Overview - Eos Energy designs, manufactures, and markets zinc-based battery energy storage systems for utility-scale commercial and industrial applications [3]. Allegations of the Lawsuit - The lawsuit claims that Eos Energy made false or misleading statements and failed to disclose critical operational issues, including: - Inability to achieve production ramp-up and capacity utilization as per guidance [4]. - Battery line downtime exceeding industry norms and internal forecasts [4]. - Delays in automated bipolar production quality targets [4]. - Inadequate systems preventing accurate guidance and timely disclosures [4]. Financial Performance - On February 26, 2026, Eos Energy reported: - Full year 2025 revenue of $114.2 million, significantly below the guidance of $150 million to $160 million [5]. - A gross loss of $143.8 million and a net loss attributable to shareholders of $969.6 million [5]. - An adjusted EBITDA loss of $219.1 million [5]. - Capacity milestone achievement was delayed by five weeks [5]. - Following this announcement, Eos Energy's stock price fell by over 39% [5]. Legal Process - Investors who purchased Eos Energy securities during the class period can seek to be appointed as lead plaintiff in the class action lawsuit [6]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [7]. - The firm has a strong track record, recovering $8.4 billion for investors over the past five years [7].
TRUBRIDGE, INC. INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud
Businesswire· 2026-03-25 00:00
Core Viewpoint - Kirby McInerney LLP is investigating potential securities fraud claims against TruBridge, Inc. due to possible violations of federal securities laws or unlawful business practices by the company and/or its senior management [1]. Group 1: Investigation Details - On March 16, 2026, TruBridge announced it would not be able to file its 2025 Annual Report on time due to identified errors in its consolidated financial statements for the year ended December 31, 2024, as well as out-of-period errors in the condensed financial statements for the quarters ended March 31, June 30, and September 30, 2025 [2]. - The majority of the identified errors relate to accounting for revenue, software development costs, and share-based payments [2]. - Following this announcement, TruBridge's share price fell by $1.84, or approximately 10.5%, from $17.59 on March 16, 2026, to close at $15.75 on March 17, 2026 [2]. Group 2: Next Steps for Investors - Currently, no lawsuit has been filed, and the investigation is ongoing to determine if claims can be brought under federal securities laws [3]. - Investors who purchased or acquired TruBridge securities and have information or wish to learn more about the investigation are encouraged to contact Kirby McInerney LLP [3].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Coty Inc. Of Class Action Lawsuit and Upcoming Deadlines – COTY
Globenewswire· 2026-03-24 22:07
Core Viewpoint - A class action lawsuit has been filed against Coty Inc. regarding allegations of securities fraud and unlawful business practices [2]. Group 1: Lawsuit Details - The class action lawsuit concerns whether Coty and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors have until May 22, 2026, to request to be appointed as Lead Plaintiff if they purchased Coty securities during the Class Period [2]. Group 2: Financial Performance - On February 4 and 5, 2026, Coty announced disappointing financial results for the second quarter of fiscal year 2026, particularly in the Consumer Beauty segment [4]. - The company withdrew its fiscal year 2026 guidance for EBITDA and revised its near-term outlook downward due to macroeconomic factors, rising costs, uncertain consumer demand, and lack of operational discipline [4]. - Following the announcement, Coty's stock price fell by $0.77 per share, or 22.45%, closing at $2.66 per share on February 6, 2026 [5].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Disc Medicine, Inc. – IRON
Globenewswire· 2026-03-24 21:51
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Disc Medicine, Inc. and its officers or directors [1] Group 1: Company Developments - On January 15, 2026, Disc Medicine faced a delay in the review timeline of a drug under development due to safety and efficacy concerns raised by the U.S. Food and Drug Administration (FDA), resulting in a stock price drop of $6.04 per share, or 7.84%, closing at $71.04 per share [3] - On February 13, 2026, Disc announced that the FDA issued a Complete Response Letter (CRL) for its New Drug Application (NDA) for bitopertin, indicating that clinical trials did not demonstrate a significant association between percent change in PPIX and sunlight exposure-based endpoints, leading to a further stock price decline of $15.70 per share, or 21.91%, closing at $55.95 per share [4][5] Group 2: Legal and Investigative Actions - Pomerantz LLP, a prominent firm in corporate and securities class litigation, is conducting an investigation on behalf of investors of Disc Medicine, focusing on potential securities fraud and other unlawful practices [1][6]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Tennant Company – TNC
Globenewswire· 2026-03-24 21:39
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices by Tennant Company and its officers/directors following significant operational disruptions and financial losses reported by the company [1][3]. Financial Performance - On February 23, 2026, Tennant reported a sharp decline in sales, adjusted EBITDA, and adjusted earnings per share for the fourth quarter and full-year fiscal 2025, attributed to a disruption caused by the transition of its Enterprise Resource Planning (ERP) system [3]. - The company estimated a loss of $30 million in sales due to the disruption, with approximately half of this amount deemed unrecoverable due to strained customer relationships [3]. Stock Market Reaction - Following the financial results announcement, Tennant's stock price dropped by $19.28 per share, representing a 23.43% decline, closing at $63.02 per share on February 24, 2026 [4].